The 100% owned Yarbu Gold Project was acquired by TSC in late 2020, as an early stage greeenfield’s project in a highly prospective areas for Archean gold deposits.
Yarbu Gold Project located on Marda-Diemals greenstone belt adjacent to Ramelius Resources (ASX: RMS) Marda Gold Project containing 280koz Au JORC 2012 compliant resource.
TSC’s Yarbu project is in large, underexplored tenement holding covering the known gold mineralised Clampton Fault.
There is clear evidence the Clampton Fault is prospective for Archean shear-hosted gold deposits, as the historical Clampton Mine is south of TSC’s Yarbu Gold Project, Clampton Mine produced 7,800oz Au (9,534t @ 25.4g/t Au) between 1933-50.
TSC’s tenements cover 22km long zone of the Clampton Fault, which has very limited historical drilling.
Historical drill holes on traverses spaced 4.5km apart testing the Clampton Fault hit 1m @ 1.1g/t Au and 1m @ 0.56g/t Au have never followed up.
The Company is planning an extensive geochemistry program focusing on the Clampton Fault and accessory structures to generate drill targets in 2021.
TSC ASX 10 December 2020: Yarbu Gold Project expansion over prospective Marda-Diemals greenstone belt.
25/2/2021 - Drilling campaign Mt Dimer concludes; New appointments
19/2/2021 - Significant progress with Mt Dimer drilling
11/2/2021 - Drilling campaign underway at the Mt Dimer Mining Lease
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Wayville, South Australia 5034,