Truscott Mining Corporation Ltd · ASX:TRM
Truscott Mining — AUSIMM Kalgoorlie (May 2010)
41 slides from Truscott Mining's conference presentation, May 25, 2010
Slide 1: Westminster Project, Tennant Creek, Northern Territory
TRUSCOTT MINING CORPORATION LIMITED ASX Listed Company (Code :TRM) For personal use only WESTMINSTER PROJECT Tennant Creek Northern Territory AUSIMM Kalgoorlie 6.00pm Ivan Henderson 25 May 2010 th Office: 13 Colin Street WEST PERTH WA 6872 Telephone: +61 8 9327 7300 Web: www.truscottmining.com.au E-
Slide 2: Company Focus
COMPANY FOCUS For personal use only Junior Exploration Company Become a Poly-Metallic producer within the Northern Territory. Focused within 25km of the Tennant Creek Target High Grade Iron Oxide Copper Gold Systems
Slide 3: Company Information
COMPANY INFORMATION For personal use only Truscott Mining Corporation Listed on ASX in April 2007 ASX code: TRM Address: 13 Colin Street, West Perth, WA 6005 Website: www.truscottmining.com.au
Slide 4: Westminster Project Summary
WESTMINSTER PROJECT SUMMARY For personal use only •A poly-metallic system •High aggregate values of differing mineral assemblages have been identified •Mineralisation is associated with a Iron Oxide Gold Copper System •At Least Six Mineralised Shoots Identified •Down Plunge Continuity exceeds 200m •
Slide 5: Where Is Tennant Creek?
WHERE IS TENNANT CREEK? For personal use only 510Km North of Alice Springs along Stuart Highway
Slide 6: Why Look in Tennant Creek?
WHY LOOK IN TENNANT CREEK? For personal use only Since 1932 the field has produced: 130.2 t Au, 345 000 t Cu, 14 000 t Bi, 220 t Se and 56 t Ag 5.5 million ounces of gold at an average recovered grade of 19g/t Au.
Slide 7: Why Is Tennant Creek There?
WHY IS TENNANT CREEK THERE? For personal use only Tennant Creek Named in 1860 after John Tennant, Pastoralist from Port Lincoln, SA by John McDougall Stuart, for financial help for Stuart's expeditions across Australia. Myth – Horse Cart bogged in creek
Slide 8: Tennant Creek Geology - Stratigraphy
TENNANT CREEK GEOLOGY -STRATIGRAPHY For personal use only •Warramunga Formation - greywacke, siltstone, shale & felsic volcanic rocks deposited 1862 Ma.
Slide 9: Tennant Creek Geology - Deformation
TENNANT CREEK GEOLOGY - DEFORMATION For personal use only • Tight upright folds • Subvertical, east – west slaty cleavage • Lower greenschist-facies metamorphism. • Progressive dextral Shearing • Large-scale, east-trending open folds • Granites & Lamprophyre dykes and sills.
Slide 10: Tennant Creek Geology - Ironstones
TENNANT CREEK GEOLOGY - IRONSTONES For personal use only Irregular, flattened, ellipsoidal and pipe shaped From a few tonnes to over 15 Mt Discordant to bedding, with only a few being near-concordant Lines of lodes’ can be traced discontinuously along east-trending orientations . Relationship betwee
Slide 11: Tennant Creek Geology - Ironstones
TENNANT CREEK GEOLOGY - IRONSTONES For personal use only
Slide 12: Tennant Creek Geology - Mineralisation
TENNANT CREEK GEOLOGY - MINERALISATION For personal use only • Deposits located in east-trending, brittle-ductile shear zones and faults. • Au±Cu±Bi mineralisation in discordant ironstone pods & hydrothermally altered metasedimentary rocks, adjacent to and below the ironstones. • Of the 17 mined gol
Slide 13: Tennant Creek Geology - Alteration
TENNANT CREEK GEOLOGY - ALTERATION For personal use only • Primary gold is concentrated towards the base, or in the footwall of the ironstones. • Many of the subsurface Au-Cu-Bi deposits are characterised by intensive chlorite and dolomite-talc alteration and sericitisation.
Slide 14: Tennant Creek - Historical Exploration
TENNANT CREEK – HISTORICAL EXPLORATION For personal use only Prospecting • Traces of gold found near Tennant Creek in 1874, • No significant mining or prospecting took place until 1932 • Lack of gold in quartz veins and absence of alluvial gold discouraged early prospectors. • Later, it was realised
Slide 15: Tennant Creek - Historical Exploration
TENNANT CREEK – HISTORICAL EXPLORATION For personal use only Magnetic Surveys • Exploration relied on the magnetic signatures of the Ironstones hosts. • Airbornemagnetic surveys, flown by BMR in 1956 and 1960 discovered significant orebodies. • Further airborne surveys in the 1970s and generated ove
Slide 16: Tennant Creek - Success Stories
TENNANT CREEK – SUCCESS STORIES For personal use only Warrego - 45 km NW of Tennant Creek -38 t Au, 91 500 t Cu, ca 12 000 t Bi and ca 5.5 t Ag from 4.95 Mt of ore. (8g/tAu) - 2200 nT magnetic anomaly from BMR airborne magnetic survey in 1956. Nobles Nob - 13 km SE of Tennant Creek -1933, payable go
Slide 17: Tennant Creek - Success Stories
TENNANT CREEK – SUCCESS STORIES For personal use only White Devil -35 km northwest of Tennant Creek. -1937 – 1941, 4.2 kg Au from 379 t of ore. - Later 19.84 t from 1.3 Mt of ore (15.2g/tAu) TC8 - 4.5 km W of Tennant Creek - identified in 1970 by a low-level aeromagnetic survey - 1986 – 1988 1420 kg
Slide 18: Tennant Creek - Success Stories
TENNANT CREEK – SUCCESS STORIES For personal use only Company Makers • Normandy Poseidon Gold Ltd • Peko-Wallsend Ltd • North Flinders Mines NL
Slide 19: Tennant Creek - Success Stories
TENNANT CREEK – SUCCESS STORIES For personal use only Short comings • Magnetic Anomaly often masked by disseminated magnetite. • Not all Ironstones are gold bearing. • Outcropping Ironstones may not extend at depth and have little magnetic expression. • Economic gold mineralisation occurs in small p
Slide 20: Tennant Creek - Potential
TENNANT CREEK – POTENTIAL For personal use only • For three decades to 1980, the major gold producer in the Northern Territory • By 1990, known gold reserves had largely been depleted, •The gold potential of this province is still considered high and the area continues to attract exploration interes
Slide 21: Leases
TRUSCOTT MINING WESTMINSTER PROJECT - LEASES For personal use only
Slide 22: Leases
TRUSCOTT MINING WESTMINSTER PROJECT - LEASES For personal use only
Slide 23: Data Compilation
TRUSCOTT MINING WESTMINSTER PROJECT - DATA COMPILATION For personal use only Data Compilation High grade gold intercepts of: 5m at 10.94g/t Au, 2m at 8.27g/t Au, 1.8m at 11.3g/t Au 5.0m at 39.42g/t Au 3.0m at 10.50g/t Au, including 1m at 26.3g/t Au from historical drill holes
Slide 24: Old Core
TRUSCOTT MINING WESTMINSTER PROJECT - OLD CORE For personal use only
Slide 25: Outcrop Mapping
TRUSCOTT MINING WESTMINSTER PROJECT - OUTCROP MAPPING For personal use only
Slide 26: Outcrop Mapping
TRUSCOTT MINING WESTMINSTER PROJECT - OUTCROP MAPPING For personal use only
Slide 27: Mapping
TRUSCOTT MINING WESTMINSTER PROJECT - MAPPING For personal use only
Slide 28: Auger Geochemistry
TRUSCOTT MINING WESTMINSTER PROJECT - AUGER GEOCHEMISTRY For personal use only Au, Cu, Bi, Pb, Zn Anomalism Coincident with Alteration - Shear Zone
Slide 29: Magnetic Survey
TRUSCOTT MINING WESTMINSTER PROJECT - MAGNETIC SURVEY For personal use only
Slide 30: Gravity Survey
TRUSCOTT MINING WESTMINSTER PROJECT - GRAVITY SURVEY For personal use only
Slide 31: Gravity Survey
TRUSCOTT MINING WESTMINSTER PROJECT - GRAVITY SURVEY For personal use only
Slide 32: Core Drilling
TRUSCOTT MINING WESTMINSTER PROJECT – CORE DRILLING For personal use only
Slide 33: Drilling - Initial Drilling Results
TRUSCOTT MINING WESTMINSTER PROJECT - DRILLING For personal use only Initial Drilling Results A poly-metallic system has been defined for a diverse mineral assemblage. Precious Metals Gold – 4.95g/t Silver 685g/t Speciality Metals Molybdenum 6110g/t Bismuth 2830g/t Base Metals Copper 5.4% Lead 13.7%
Slide 34: Long Section
TRUSCOTT MINING WESTMINSTER PROJECT - LONG SECTION For personal use only
Slide 35: 3D Modelling
TRUSCOTT MINING WESTMINSTER PROJECT - 3D MODELLING For personal use only
Slide 36: Interpretation
TRUSCOTT MINING WESTMINSTER PROJECT - INTERPRETATION For personal use only
Slide 37: Drill Results
TRUSCOTT MINING WESTMINSTER PROJECT - DRILL RESULTS For personal use only 09WMRC041 - 5m @ 23.53g/t Au from 83m - 1m @ 13.05g/t Au from 105m 09WMRC031 - 2m @ 26.28g/t Au from 46m - 2m @ 4.04g/t Au from 56m 09WMRC036 - 3m @ 1.78g/t Au from 15m, - 3m @ 1.46g/t Au from 33m 09WMRC029 - 1.0m @ 2.58% Cu,
Slide 38: Transform Section
TRUSCOTT MINING WESTMINSTER PROJECT - TRANSFORM SECTION For personal use only
Slide 39: Interpreted Lodes
TRUSCOTT MINING WESTMINSTER PROJECT - INTERPRETED LODES For personal use only
Slide 40: Potential
TRUSCOTT MINING WESTMINSTER PROJECT – POTENTIAL For personal use only
Slide 41: Disclaimer
For personal use only DISCLAIMER This presentation has been prepared by Truscott Mining Corporation Limited (“Truscott” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase of any securities in the Company or as an inducement to make an offer or invit