Company Announcement: Diamond drilling commences at Mt Hardy
Australian resources company TNG Limited is pleased to advise that a major new diamond drilling program has commenced at its 100%-owned Mount Hardy Copper Project in the Northern Territory. Drilling at the Mount Hardy Project will comprise 2,100m of diamond drilling to test six priority targets outlined over the last few months and refined with the benefit of recent gravity and Induced Polarisation geophysical survey work.
At Mount Hardy, an extensive copper-in-soil anomaly has been defined covering an area of 550m by 160m (at >200ppm Cu). Within this area, laboratory analysed* rock chip sample results for copper returned 17 results over 1% Cu (from a total of 51 samples), and a peak value of 6.84% Cu. 20 of these rock samples also contained anomalous gold results (>0.1 g/t Au), with a maximum gold value of 7.93 g/t Au. At the Browns prospect, 12 of the 21 rock samples analysed by ICP methods for copper returned over 1%, while the maximum value was 12.7% Cu. No previous drilling has been conducted at the Browns prospect. At Mount Hardy, the planned drilling will also test for potential down-dip extensions of mineralisation intersected in historic drilling completed in 1968 by the BMR. Results of re-sampling of this core Further holes are also planned to follow up on the EM targets generated from HELITEM and ground EM work completed during the September 2012 Quarter. These targets were drilled in November 2012 and further testing is required. Holes aimed at EM plates at Targets 1, 2, 4 and 5 are planned.
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