Westminster Project (Truscott 100%)
Westminster Node
(MLC511, A25952, A26500, A26588)
Truscott's Westminster project area is located west of the Tennant Creek Township in the centre of the Tennant Creek Goldfield and now encompasses an area of 5.96 km2 (Figure 3). The project area covers an area that includes some of the earliest workings and discoveries in the field dating from the mid 1930's.
Exploration activity is being concentrated over more than 1.5 kilometre strike length of mineralised ironstone outcrop and sub-crop containing these historical shallow high grade gold workings. The project site is extremely favourably located with all major service connections and the local airport located within 500 metres.
Maximum assays for intersections within the 1.5km mineralised strike length for one metre sample increments include:
| Precious Metals | - | Gold (Au167g/t, 5.36 oz/t), Silver (Ag 685g/t, 22.02 oz/t) |
| Specialty Metals | - | Molybdenum (Mo 6110g/t), Bismuth (Bi 2830g/t) |
| Base Metals | - | Copper (1.5m@5.4% Cu), Lead (13.7% Pb), Zinc (5.3% Zn) |
Figure 3: Plan View of Mineralised Lodes, Westminster Project
Westminster Ore Shoots
To date six lodes have been interpreted, with Lode 4 intersections indicating the potential of the Westminster project. Drill results as indicated below have demonstrated the continuity of mineralisation for the upper and lower ore shoots of Lode 4. (Figure 4).
Key intersections in the lower shoot include:
| 09WMRC031 | 2m @ 26.28g/t Au from 46m |
| | 2m @ 4.04g/t Au from 56m |
WMDDH1 (database) 1.83m @ 11.32g/t Au from 136m
Key intersections in the upper shoot include:
| 09WMRC036 | 3m @ 1.78g/t Au from 15m |
| | 3m @ 1.46g/t Au from 33m |
NMDDH1 (database) 7.0m @ 40.4g/t Au from 71m
| 09WMRC041 | 5m @ 23.53g/t Au from 83m |
| | 1m @ 13.05g/t Au from 105m |
These intersections for the upper and lower shoots are close to the axis and on the predicted bearing of the shoot axis. The intersections indicate continuity of
high grade gold mineralisation for a vertical distance of at least 90m and a down plunge distance of 120m.
Figure 4: Plan View of Lode 4 - Shoot Orientations, Westminster Project
Westminster Mineral Distribution and Density
Typical poly-metallic association in the highly mineralised zones at Westminster are clearly demonstrated in the assay data for 09WMRC041 - Lode 4 (Table 1).
Table 1 Westminster Project - Multi-Element Data for 09WMRC041 - Lode 4
Notes:
(1) All analysis results are reported from Reverse Circulation chips collected at 1m intervals through a riffle splitter
(2) Au Assay method by 50g Lead collection fire assay with AAS finish (Au-AA26)
(3) Base metal analysis method by 25g aqua regia digestion with ICP-OES & MS finish (ME-ICP41 & Cu-OG62)
(4) Truscott and internal lab standards and blanks were routinely inserted
(5) Intersection reported are drill hole intersections and not the true width intersections.
Resource Estimation
Previous explorers and producers have utilised in-situ density estimates of 3.4 - 3.8 tonnes/cubic metre. Density measurements on core samples from recent drilling programs indicate that figures in this range are again expected to be applied to future resource estimates.
The collective potential of the 1.5 kilometre intensely mineralised strike is considered to be of the same order of magnitude as the larger Tennant Creek ore systems - circa 3 million tonnes plus.