Tennant, Emmerson, CuFe push shared Top End copper processing option
They are also open to collaborate potentially with other local explorers and developers if they can offer further benefits to the partnership table.
Tennant, Emmerson and Coffee have all made recent high -grade discoveries that offer convincing opportunities to exploit their success with other alliance members, in particular given the independent development of even modest deposits, it has become significantly more difficult due to modern environmental, regulatory and financial obstacles.
CUFE is a 55 % stakeholder and operator of the Orlando-Golco and Goanna Gold projects in the region.
Tennant recently had some amazing discoveries in his BlueBird perspective within his Barkly project, with a better shot of 61.8 meters at 2.3 per cent of copper and 0.4 grams per tonne (g/t) gold and a 63 m section that goes to 2.1 percent copper and 4.6 g/t gold.
Management believes that Bluebird has a potential similar to other high quality deposits discovered in Tennant Creek, such as the deposit of 3.75 million tons historically significant by Warrego Deposit at 6.6 g/t gold and 1.9 per cent of copper and ASX of Elmore Limited Deposit of Elmore Limited which go to 4 % of copper and 3.5 g/t gold.
Emmerson revealed in January his impressive inaugural mineral resource for the filing of the white devil of the company he has in a joint venture with the subsidiary of the African Tcmg resources.
The company raised some eyebrows when it revealed a 3.63 m mt maiden resource classified by 4.2 g/t for a stellar gold 489,900 golden ounces.
Emmerson has previously revealed surprising blows of 119 m to 3.3 per cent of copper and 0.87 g/t gold and a classification of the intersection of 94.4 m of 2.74 per cent of copper and 5.58 g/t for its discovery of the hermitage.
Emmerson also has an existing structure for gold in carbon gold only that is built in the area by its Joint Venture TCMG partner, however, a structure proposed by the group alliance would be wider and would include the elaboration of copper and critical minerals.
With the recent increase in gold and copper prices, which saw gold exceed $ 3000 (an $ 4766) for ounce and copper up to $ 5.07 (a $ 8.06) per pound, a serious look at how to better develop a processing structure in the Tennant Creek region seems to make sense.
The area is hungry for gold and copper mills that cause the project deposits to become “blocked goods”, therefore the ability to develop nearby mineralization could provide a great impulse to worthy projects and provide a welcome thrust in regional job opportunities.
The Minister of the Territory mines wrote in support of the regime and its potential to offer economic benefits to the Region.
Historically, the Tennant Creek mineral field had several high degree mines that fueled centralized processing structures. The discovery study of the alliance will take a gigantic step towards the answer if that family scenario is the best way forward in the difficult and expensive mineral environment of today.
Is your company listed in Asx doing something interesting? Contact: matebirney@bullsnbears.com.au
