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 – 12 July 2021

  • Auger drilling results confirm gold mineralisation across three broad areas within the Yarbu Gold Project
  • Broad zones of surface gold anomalism confirmed at Yarbu – recording up to 164 ppb gold – is believed to be associated with fold hinges and fold limbs: *** Area 2 is the largest anomalism at 1.9km by 1.4km and records up to 164ppb gold *** Several anomalous zones measuring more than 20ppb gold have been identified with coincidental lead and zinc *** Areas 2 and 3 are adjacent to the Clampton North Prospect which was identified by Polaris Metals in the early 2000’s
  • Next step is to follow up Auger and/or Aircore drilling of the targets which is to be expedited as soon as practicable
  • TSC’s Yarbu Gold Project (YGP) is located in a highly prospective location along the Marda-Diemals Greenstone Belt, adjacent to Ramelius Resources (ASX: RMS) Marda Gold Project
  • The Yarbu Gold Project compliments TSC’s suite of high-quality exploration assets in WA and NSW.

Commenting on the results from the auger campaign, CEO Simon Phillips said:

“We are delighted with the outcomes from our auger drilling campaign, the first large-scale regional sampling program to be undertaken within the Yarbu Project area. Importantly, the program has achieved its main objective, which was to confirm gold mineralisation across key areas of the Yarbu Project. We have now identified three broad areas of mineralisation which will now be subject to follow-up Auger and, or Aircore drilling at tighter spacing to allow our team to define a clear set of targets for potential follow-up drilling.

Encouragingly, the anomalism identified within Yarbu highlights the typical geochemical response from gold deposits in the region, such as being elevated in lead and to a lesser extent zinc, so we are looking forward to further investigating this potential over the coming months.”

Read Latest ASX Annoucement on Yarbu Gold Project

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REFERENCE

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