Download sample clarification and update: mount hardy copper

ASX
ASXANNOUNCEMENT
ANNOUNCEMENT
2nd October 2012
ASX CODE: TNG
ASX CODE: TNG
REGISTERED OFFICE
REGISTERED
TNG Limited OFFICE
TNG
Limited
Level
1, 282 Rokeby Road
Level
1, 282
RokebyAustralia
Road 6008
Subiaco,
Western
Subiaco, Western Australia 6008
T +61 8 9327 0900
T F+61
+618 89327
93270900
0901
F +61 8 9327 0901
W www.tngltd.com.au
WEwww.tngltd.com.au
[email protected]
E [email protected]
ABN 12 000 817 023
ABN 12 000 817 023
DIRECTORS
DIRECTORS
Neil Biddle
Jianrong
Xu Chairman
Paul Burton
Paul
Burton
Stuart
CrowMD
Neil Biddle
Stuart
Crow SECRETARY
COMPANY
Rex
Turkington
Simon
Robertson
Wang Zhigang
PROJECTS
COMPANY
SECRETARY
Mount Peake:
Fe-V-Ti
Simon
Robertson
Manbarrum:
Zn-Pb-Ag
East Rover: Cu-Au
PROJECTS
McArthur: Cu
Mount
Peake:DETAILS
Fe-V-Ti
CONTACT
Manbarrum:
Paul BurtonZn-Pb-Ag
| +61 8 9327 0900
East
Rover:Read
Cu-Au
Nicholas
| +61 419 929 046
Simon Robertson
| +61 8 9327 0900
McArthur:
Cu
Mount Hardy Cu-Au
Sandover Cu-Au
SAMPLE CLARIFICATION AND
UPDATE:
MOUNT HARDY COPPER PROJECT, NT
Further to its announcement of 27 September 2012, TNG Limited (ASX:
TNG) wishes to clarify that the total of 276 Niton* rock sample readings
collected in the recent field work, cover the entire Mount Hardy Copper
Project Area (refer Figure 3). This statement should not refer to the
“Mount Hardy Copper Mine prospect” (refer ASX Announcement 27th
September 2012).
In addition the company wishes to point out an error in the reported
number of rock samples with Cu values >1%. From the 276 Niton* rock
sample readings, a total of 137 samples had >1% Cu (not 129 samples as
originally reported), of which 58 samples were >10% Cu.
Complete tables of all samples collected at each prospect are included in
Tables 1 and 2 below:
Total
Samples/Readings
Niton*
Niton*
Prospect Name
Soil
Rock
EM Target #1
147
63
EM Target #2
54
19
EM Target #3
54
0
EM Target #4
27
0
EM Target #5
27
0
EM Target #6
42
0
Mount Hardy Area
271
175
Browns Area
132
19
Total
754
276
Lab
Rock
25
9
2
0
0
0
55
21
112
Total
Samples
235
82
56
27
27
42
501
172
1142
Table 1: Total samples/readings collected over Mount Hardy Project Area
CONTACT DETAILS
Paul Burton | +61 8 9327 0900
Nicholas Read | +61 419 929 046
Simon Robertson | +61 8 9327 0900
Rock
>1% Cu
Prospect Name
EM Target #1
EM Target #2
EM Target #3
EM Target #4
EM Target #5
EM Target #6
Mount Hardy Area
Browns Area
Total
59
10
NA
NA
NA
NA
54
14
137
Rock
>10%
Cu
33
6
NA
NA
NA
NA
13
6
58
Soil >100
ppm Cu
15
3
0
0
0
0
82
9
109
Soil
>500
ppm Cu
3
0
0
0
0
0
19
1
23
Table 2: Summary of Niton* readings in Rock and Soil at Mount Hardy Project
* Cautionary Statement: All chemical analyses results quoted in this announcement are from a NitonXRF portable analyser model XLt. As such, they may not be representative of the whole sample, nor
should they be seen as a substitute for laboratory-based chemical analysis.
Initial analysis of all rock chip samples and soil readings was carried out using the Company’s NitonXRF portable analyser*. A total of 112 rock samples have been submitted to the laboratory for multielement chemical analyses.
The company also wishes to further clarify in Figures 1 and 2, additional rock samples that indicate the
extent of copper and multi-element Niton* assays across the Mount Hardy Project Area prospects
(refer to Figure 3), which provide encouragement for the potential to host extensive sub-surface
mineralisation.
Figure 1: Gossan Rock sample from Mount Hardy Project with analyses (Niton XRF values*)
Figure 2: Gossan Rock sample from Mount Hardy Project with analyses (Niton XRF values*)
* Cautionary Statement: All chemical analyses results quoted in this announcement are from a Niton XRF portable analyser model XLt. As
such they may not be representative of the whole sample, nor should they be seen as a substitute for laboratory-based chemical analysis.
TNG Limited | ASX Announcement
Figure 2 is an additional photograph of a rock sample collected from Electro-Magnetic (EM) target 2,
showing an association of elevated copper with coincident zinc and lead in gossan.
For clarification, although these results were included in the original Niton* result range (see ASX
release 27th September 2012), the importance of this association was not highlighted. A multi-element
association of this type is of significance as the combination of these elements may reflect the
presence of a Volcanogenic Massive Sulphide (VMS) source.
Laboratory assay result assessment, as well as further sampling and drilling, will need to be completed
to fully test this.
Analytical laboratory results from the samples submitted for assay are expected in approximately three
weeks.
Paul E Burton
Managing Director
* Cautionary Statement: All chemical analyses results quoted in this announcement are from a Niton XRF portable
analyser model XLt. As such they may not be representative of the whole sample, nor should they be seen as a substitute
for laboratory-based chemical analysis.
Enquiries:
Paul E Burton,
Managing Director
+ 61 (0) 8 9327 0900
Nicholas Read
Read Corporate
+ 61 (0) 8 9388 1474
Competent Person Statement
The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled
by Kim Grey who is a Member of The Australasian Institute of Mining and Metallurgy and an employee of TNG Limited. Kim
Gey has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the
activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code
for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Kim Grey consents to the inclusion in the report
of
the matters based on his information in
the
form
and context
in
which it appears.
TNG Limited | ASX Announcement
Figure 3: Outline of prospect and target areas over Mount Hardy Project Area, showing locations of soil and rock
®
sample sites plotted on a portion of the HELITEM data image
.
TNG Limited | ASX Announcement