Tennant Minerals Limited Unveils High-Grade Gold-Copper Targets at Barkly Project with Strategic Alliance and RC Drilling Plans
Monday, June 16, 2025
at
8:26 am
Tennant Minerals Limited unveils exciting progress at its Barkly Project in the Northern Territory, highlighting large-scale gold and copper targets, including the promising Babbler and Wedge prospects. Upcoming drilling aims to unlock a vast mineral system amid a high-price gold environment.
Tennant Minerals Limited has identified two significant exploration targets at its Barkly Project in the Northern Territory, expanding the opportunity for large-scale copper‐gold mineralisation. Detailed re‑evaluation of historical data alongside new geochemical and gravity studies indicates that the Babbler Gold Prospect, located approximately 7km south-southeast of the high-grade Bluebird copper‑gold system near Tennant Creek, exhibits intriguing signs of a kilometre-scale gold anomaly. Past diamond and percussion drilling from the 1970s revealed notable gold intercepts—such as intervals of 13 metres grading 0.48 g/t gold and additional sections with up to 2.91 g/t gold—as well as associated anomalous copper values. The geophysical data point to a strong magnetic anomaly adjacent to a gravity low, further supporting the prospectivity of the target area, which lies at a key contact between the Paleo-Proterozoic Ooradidgee Group and the Lower Proterozoic Warramunga Group, a region known for hosting major copper‑gold deposits.
The announcement also highlights the Wedge Copper‑Gold Prospect, a discrete fault-bounded block characterized by visible ironstone and gossan development, with early soil and rock chip samples indicating anomalies in copper, iron, bismuth, and silver. Both targets, along with a recently interpreted sub-surface copper anomaly at Bluebird East, are set to be tested using wide‑spaced reverse circulation drilling. Additionally, Tennant Minerals Limited is progressing discussions with a strategic alliance of companies in the Tennant Creek region to finalise a scoping study for a shared copper‑gold processing facility, an effort that underscores its regional development strategy.
The news carries several technical indicators that may appeal to investors focused on exploration potential. With historical and prospective data converging on large-scale geochemical anomalies and promising drill intersections, the company’s plan to apply modern drilling methods and geophysical techniques is designed to better define the anomalism and identify higher-grade horizons. These factors, set against the backdrop of favourable current gold prices and improved ore treatment technologies, suggest a robust exploration framework.
Investor sentiment could be mixed. On the bullish side, the identification of significant gold and copper anomalies over a mineralised area of more than 1km², combined with strategic collaboration and regional processing facility plans, suggests potential upside and renewed interest in exploration assets. Conversely, the reliance on reinterpreting historical data and the inherent uncertainties in early-stage exploration mean that actual results could differ from current expectations, a view that may temper enthusiasm among more cautious market participants.