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.

KEY POINTS

  • 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.

LOCATION

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LATEST ANNOUNCEMENT – 3 June 2021

  • Auger campaign comprising 662 drill-holes (Plus QA samples) for 987m completed over entire Yarbu tenement package, providing an unparalleled geochemical insight into an underexplored part of the Marda-Diemals Greenstone Belt
  • Average sample depth was 1.46m
  • All bagged samples have now been dispatched to the laboratory to test for a full multi element suite
  • TSC’s geological team will use results from these auger assays to plan further drilling activity at Yarbu
  • Yarbu is located in a highly prospective location along the Marda-Diemals greenstone belt, adjacent to Ramelius Resources (ASX: RMS) Marda Gold Project
  • Further work programs designed to test other priority targets within TSC’s portfolio are currently being finalised and details will be announced shortly

Commenting on the completion of auger drilling, CEO Simon Phillips said:

“We are pleased to have completed this auger drilling program at Yarbu and I would like to thank our drilling, logistics and geology teams for their excellent work. The data received from this program will provide us with a detailed level of insight into what is a largely underexplored part of the Marda-Diemals Greenstone Belt. The main focus at Yarbu now is for our geology consultants to use this data to determine geochemical anomalies that may warrant further follow up exploration. We look forward to reporting these findings in due course.”

SUMMARY PLAN

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REFERENCE

See ASX releases for more information