See our exclusive index of companies on the move:
Explore Stocks- Top Stocks
- Top Australian Gold Stocks
- Top ASX Copper Stocks
- Top ASX Nickel Stocks
- Top ASX Rare Earth Stocks
- Top Battery Metals Stocks on the ASX
- Top Australian Lithium Stocks
- Top Graphite Miners on the ASX
- 10 ASX Cannabis Stocks
- Top ASX Tech Stocks
- Top AI Stocks on the ASX
- On Site
- About Australian Cannabis Investing
- About Australian Resource Investing
- About Australian Tech Investing
- About Australia Investing
- Of Interest
- ASEAN-Australia-New Zealand Trade Agreement
- Association of Southeast Asian Nations (ASEAN)
- Australian FAQ on ASEAN
- Australia Government on Foreign Investments
Tempest Minerals Ltd (TEM) is pleased to announce to the market that its maiden drillhole (WARDH72) into the Company’s flagship Meleya Project has intersected significant visible copper sulphide mineralisation with assays pending.
WARDH72 is intermittently mineralised throughout the entire 709.1 metres but contains several zones of notable mineral enrichment including:
- 8 metres of interbedded semi-massive base metal/magnetite mineralised geological strata from 18 metres;
- 10 metres of copper bearing semi-massive sulphides within a 20 metre disseminated sulphide zone from 422 metres; and
- 18 metres of copper bearing disseminated and stringer veins within a broader ~100 metre disseminated sulphide and strongly potassic altered intrusives zone from 610 metres to end of hole.
- Exciting new copper discovery in massive sulphide copper targeted drill program
- First hole drilled to 709m intersects visible copper and semi-massive sulphides
- Multiple mineralisation horizons observed in core including geology directly comparable to nearby world-class Golden Grove polymetallic mine
- EIS drilling confirms new mineralised province in an untested region which TEM retains a dominant holding
- Second drillhole in progress to depth of approximately 1,100m
The Meleya Project is located in the Yalgoo region of Western Australia, host to several VMS and gold projects, including one of Australia’s most successful high grade copper-zinc and precious metal operations – the Golden Grove Mine.
Tempest announced in March 2022 that it was commencing a two-hole diamond drilling program, co-funded by the WA State Government as part of the Exploration Incentive Scheme (EIS), designed to stimulate new mineral discoveries. The first hole in this program was drilled to a target depth of 709m at the Orion Target (drill hole WARDH72).
Regarding the discovery hole, Managing Director Don Smith said: “This is a spectacular outcome. To make a new discovery on our very first hole into an entirely untested region far exceeds our expectations. This drilling was designed to help understand the geology and to inform future exploration and we’ve actually hit multiple zones of sulphides and copper mineralisation. It shows our tech innovation, science and hard work are paying off. The team and I are very excited and just itching to get on with analysing exactly what we have here, do more drilling and continue exploring the hundreds of square kilometres of untested ground along strike we have secured.”
Click here for the full ASX Release
This article includes content from Tempest Minerals Ltd , licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Top News
Related News
TOP STOCKS
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.