Project Locations
The projects currently in Truscott's portfolio are located close to Tennant Creek, Northern Territory.
The projects were acquired based on regional structural analysis, evaluation of historical major mines and
mineral occurrences. The Directors consider the Tennant Creek projects to be highly prospective for precious,
base and specialty metals. It is expected gold will be the major economic driver for the projects, with
significant credits from other metals.
Figure 1: Projects Location
Tennant Creek Overview
The Tennant Creek projects (Figure 1) are all within 25km's of the regional gold mining centre of Tennant Creek, in the Northern Territory. Over 5.5 million ounces of gold has been produced from this area, at a very high average recovered grade of 19g/t Au, together with significant copper, bismuth and silver.
The infrastructure associated with the Tennant Creek Township is currently under utilised. A services corridor including road, rail and a gas pipeline exists between shipping locations at Darwin and Tennant Creek.
Research and Development Initiatives
Historically, exploration in the Tennant Creek Field has relied heavily on traditional methods of exploration related to geophysical and geochemical techniques. These tools whilst still relevant appear in recent history to be insufficient to generate new discoveries of commercial significance. Truscott therefore sought to investigate the introduction of structural modelling techniques that have the potential to increase the level of business success in the Tennant Creek Mineral Field.
The company has advanced initial work on a regional basis that focuses on the relationship between mineral occurrence and distribution within a shear zone array. The interim objective of the exercise was to identify zones of dilation created as consequence of shearing as places to trap potential mineralising fluids. The overall objective is to ensure the company is advancing exploration activities on a basis of targeting ore bodies of sufficient magnitude to have the potential to lead to the development of major operations.
The application of the company's structural modelling has enabled the identification of eight primary nodes that exhibit similar geological settings to the historical major deposits identified (Figure 2). Of the eight interpreted principal nodes, Truscott holds 100% tenure over Westminster, Lyall, Hera, Olympus, and Arcadia.
Figure 2 Tennant Creek Mineral Field - Structural Settings
Truscott is focusing its exploration efforts on the primary node locations which are interpreted to be similar to the Peko node. Several characteristic features have been identified which include:
- Deposits appear to have several discrete ore bodies.
- Ore bodies appear to be related to envelopes or trends.
- Ore bodies are developed proximal to the flexure of the mineralised trends.