TEM | Meleya Update - Drilling In Progress At Clover Target

TEM | Meleya Update - Drilling In Progress At Clover Target

Tempest Minerals Ltd(TEM) is pleased to update the market on the progression of continued drilling at the Meleya Project. Drilling is currently focussed on the Clover target. A diamond hole (637.1m) WARDH75 has now been completed with thick sequences of highly altered mafic geology and minor sulphides observed throughout the hole.

Key Points

  • Drilling continuing at the Meleya Project
  • Diamond hole WARDH75 completed
  • Considerable alteration and minor sulphides intersected
  • RC drilling commenced at Clover
A parallel RC program of up to 4,000m has commenced testing the multi kilometre thickness and structures present within a possibly demagnetised zone.

This program is anticipated to then transition into a regional aircore and RC program of up to 13,000m designed to penetrate zones of cover and laterite weathering across the newly identified belt.

Meleya Project

Background

The Meleya Project is part of Tempest Minerals’ flagship Yalgoo Portfolio that extends over a footprint of more than 900km2. Earlier in 2022 drilled the first two1 holes in conjunction with the state government co-funded (EIS) 2 program in order to establish stratigraphic controls at the Orion Target. Both drill holes, totaling some 1,730.5m, encountered multiple zones of strong alteration and visual mineralisation 3.

This discovery cemented (what Tempest have viewed for some time ) the Meleya Project to be one of the most exciting greenfield projects in the industry and highlight potential for a major discovery across multiple geological settings within Tempest’s projects.

TEM recently announced the first hole drilled at the Master prospect 4 where alteration and mineralisation was also encountered 5. TEM has completed the first hole at the Clover target (WARDH75 and the commencement of a multihole ~4,000m RC program targeting the same geological zone.

Clover Target

Geology

The Clover Target is a magnetic low stratigraphic sequence 2.5km to the south east of the Orion target. TEM consider this to likely represent a previously unrecognised geological sequence within the mineralised Meleya Belt or potentially a strongly altered and ‘demagnetised’ zone such is typical of greenstone hosted hydrothermal gold mineralisation in Western Australia.

WARDH75

WARDH75 was drilled to 637.1m and was designed to intersect the western edge of the above-mentioned multi-km low magnetism zone.

The hole encountered a thick (~68m) laterite zone of weathered intrusives. Underlying the regolith profile was extensive highly sheared intermediate intrusives to 75m.

This is underlain by variably altered and mineralised fine grained mafic to ultramafic sequences to 422m. At least

3 dyke generations (aphanitic, fine grained and a medium grained dolerite with pyroxene phenocrysts) intrude upon the host rocks. These dyke swarms have zones of additional alteration including silicification, calcite veins and trace sulphide species.

At 422m a sharp change to greenstones followed, with significant silica and epidote overprinting until 569m downhole.

Finally a continuation of the dyke swarm continued till the end of hole (637.1m). This interval showed significant skarn-like alteration from 588-593m surrounded by significant silica alteration and trace sulphides (<0.1%).


Click here for the full ASX Release

This article includes content from Tempest Minerals Lmited, 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.

TWM:AU
Tempest Minerals

Tempest Minerals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Tempest Minerals

Tempest Minerals


Keep reading...Show less
Closeup of the end of many copper cylinders of varying sizes.

Top 5 ASX Copper Stocks of 2024

Copper has performed well in recent years, and the price of copper on the COMEX and LME reached record highs in May.

While it has pulled back over the following months, there is plenty of optimism for the red metal over the longer-term.

Many market watchers are forecasting a robust outlook, especially as low supply is coming up against higher usage from sectors such as the renewable energy and electric vehicle industries. Fastmarkets is predicting that copper demand from energy transition sectors should grow at a CAGR of 10.7 percent in the decade to 2034.

Keep reading...Show less

Ero Copper Announces Updated Mineral Reserve and Resource Estimates for the Xavantina Operations

Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the "Company") is pleased to announce an update of its National Instrument 43-101 ("NI 43-101") compliant mineral reserve and resource estimates for its Xavantina Operations, located in Mato Grosso State, Brazil. The updated mineral reserve and mineral resource estimates incorporate drilling activities and mining depletion on the properties through June 30, 2024.

HIGHLIGHTS

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Copper closeup.

Cyprium Metals Releases Nifty Copper Complex PFS, Highlights NPV of US$1.13 Billion

Cyprium Metals (ASX:CYM,OTC Pink:CYPMF) released a prefeasibility study for the Nifty copper complex on November 27, confirming the viability of large-scale copper-in-concentrate output at the site.

The company intends to refurbish and expand a brownfield concentrator and add a new surface mine. Capital costs are set at US$239 million for the refurbishing and expansion, as well as upgrading infrastructure.

The prefeasibility study also confirms the economics of producing copper cathode via the re-treatment of heap-leach pads one to six at Nifty. Capital costs are set at US$30 million, with total project costs of US$46 million.

Keep reading...Show less

Lundin Mining Announces Updated Share Capital and Voting Rights

Lundin Mining logo (CNW Group/Lundin Mining Corporation)

TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act: View PDF Version

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
View of open-pit copper mine in Peru.

In With the Old: Copper Mine Restart Can Bridge Looming Supply Gap

As the world supply of critical minerals increasingly becomes scarce, mining companies are turning to a strategy that combines innovation with resource optimization in a bid to close the supply gap: restarting past-producing assets. This approach not only breathes new life into dormant mines and mills but also offers substantial economic benefits.

This trend is particularly evident in the copper sector, where projections have consistently suggested a looming supply shortage, driven by the large push for electrification and net-zero emission targets.

A report by S&P Global has pegged copper demand growth to about 50 million metric tons (MT) by 2035 and to about 53 million MT by 2050, suggesting a widening supply and demand gap that will begin around 2025.

Keep reading...Show less
Quetzal Copper (TSXV:Q)

Quetzal Copper

Ankh Capital Inc is a capital pool company.

Keep reading...Show less
Tempest Minerals

Tempest Minerals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×