Barkly region mineral results shine

Resource companies are seeing some very promising results in Tennant Creek and the broader Barkly region, supported by new geoscience data and exploration grants, the Northern Territory Government says. The government in April announced that from July 1, 2022, funding for the Resourcing the Territory initiative would be increased from $6.5 million to $9.5 million per year, with the funding to be ongoing. It said today the initiative - which provides high-quality geoscience data to attract companies into the area and offers grants to support innovative exploration activities - was bearing fruit in the Barkly region. Emmerson Resources this month reported the first bonanza gold intercept at its Mauretania discovery at Tennant Creek. (3.95m at 57g/t gold, 0.22 per cent bismuth, 20.6g/t silver and 0.23 per cent copper). “Tennant Creek is one of Australia’s highest grade gold districts and with the recent influx of exploration companies on the back of new geological data from the Northern Territory Geological Survey, a new and exciting exploration hotspot," Emmerson Resources chief executive officer and managing director Rob Bills said. "Exploration and the discovery of new gold and copper deposits is the key to revitalising Tennant Creek as an exploration and mining hub. "Emmerson has been exploring the Tennant Creek Mineral Field for over a decade and has a track record of new discoveries through applying new technology and geological concepts. "Our Mauretania discovery is a great example, where recent drilling has intersected gold beneath the known high grade gold mineralisation that will likely become the first new open pit deposit in the area." Strategic Energy Resources is actively exploring for copper and gold in the Barkly region and first made its licence applications based on the outstanding pre-competitive geoscience produced by the Northern Territory Geological Survey (NTGS) and Geoscience Australia, according to managing director David DeTata. "Without this data, we could not have made these investments," he said. “The work of the NTGS helps to address challenges with large-scale regional programs that open new exploration frontiers, and this work is essential to encourage greenfields exploration in new terrains. “Since making applications in the region, SER has rapidly advanced our exploration program, made possible through a successful application in Round 13 of the Northern Territory’s Geophysics and Drilling Collaboration (GDC) Program. This provided co-funding to undertake a detailed ground gravity survey over three SER tenements in the Barkley Region. “In the most recent round of the GDC, SER has been awarded co-funding to drill two 650m diamond drill holes into a compelling copper-gold target within the broader East Tennant region before the end of this year. The GDC program has been critical in increasing the intensity of our geophysics and drilling program and validates our targeting methodology in the under explored areas of the Northern Territory.” Numerous other companies are currently exploring for gold and copper in the Tennant Creek and Barkly region, including Newcrest Mining, Rio Tinto, Castile Resources, Encounter Resources, Inca Minerals, Greenvale Mining, and King River Resources.

Barkly region mineral results shine

Industry Queensland

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