Company Announcement: Further copper and gold intersections at Mount Hardy
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Australian resources company TNG Limited advises that ongoing drilling at its 100%-owned Mount Hardy Copper Project in the Northern Territory is continuing to deliver positive results, with the third hole in the current 15-hole program intersecting significant zones of copper mineralisation grading up to 4.5% Cu plus gold grades of up to 1.2g/t Au. This is the first time coincident copper and gold have been recorded in drill samples. Diamond drilling of six target areas at Mount Hardy commenced in early March (see ASX Release – 11 March 2013). Drilling has been completed on EM Targets 2, and 4, and at the geochemical targets at the Mount Hardy and Browns Prospects, and is continuing at EM Target 1 and both IP targeted holes at Mount Hardy and Browns.
To date, 14 of the 15 planned diamond drill holes have been completed, for a total of 1,800m. Samples have been submitted for the first 12 holes with laboratory results now received for the first three holes, all of which were drilled at the Mount Hardy prospect. Results for holes 13MHDDH001 and 13MHDDH002 were reported in the ASX Release of 18th of April 2013. Results from the third hole, 13MHDDH003, are presented below. A full assessment of the Mount Hardy Prospect and other target areas will follow during the June Quarter once all outstanding assay results have been received.
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