TRUSCOTT MINING CORPORATION LIMITED TRUSCOTT MINING CORPORATION LIMITED ASX Listed Company (Code :TRM) ASX Listed Company (Code :TRM) WESTMINSTER WESTMINSTER PROJECT PROJECT Tennant Creek Tennant Creek Northern Territory Northern Territory AUSIMM Kalgoorlie AUSIMM Kalgoorlie 6.00pm 6.00pm Ivan Henderson th May 2010 Ivan Henderson 25 th May 2010 25 Office: 13 Colin Street WEST PERTH WA 6872 Telephone: +61 8 932 7 7300 7 7300 Office: 13 Colin Street WEST PERTH WA 6872 Telephone: +61 8 932 Web: w w w .truscottmining.com.au E- -mail: admin@ mail: admin@ truscottmining.com.au Web: w w w .truscottmining.com.au E truscottmining.com.au ACN: 116 420 378 ACN: 116 420 378
COMPANY FOCUS COMPANY FOCUS Junior Exploration Company Junior Exploration Company Junior Exploration Company Become a Poly - Metallic producer within the Northern Territory. Become a Poly- -Metallic producer within the Northern Territory. Metallic producer within the Northern Territory. Become a Poly Focused within 25km of the Tennant Creek Focused within 25km of the Tennant Creek Focused within 25km of the Tennant Creek Target High Grade Iron Oxide Copper Gold Systems Target High Grade Iron Oxide Copper Gold Systems Target High Grade Iron Oxide Copper Gold Systems
COMPANY INFORMATION COMPANY INFORMATION Truscott Mining Corporation Truscott Mining Corporation Truscott Mining Corporation Listed on ASX in April 2007 Listed on ASX in April 2007 Listed on ASX in April 2007 ASX code: TRM ASX code: TRM ASX code: TRM Address: 13 Colin Street, West Perth, WA 6005 Address: 13 Colin Street, West Perth, WA 6005 Address: 13 Colin Street, West Perth, WA 6005 Website: www.truscottmining.com.au Website: www.truscottmining.com.au Website: www.truscottmining.com.au
WESTMINSTER PROJECT SUMMARY WESTMINSTER PROJECT SUMMARY A poly - metallic system A poly- -metallic system metallic system • A poly • • High aggregate values of differing mineral assemblages have been High aggregate values of differing mineral assemblages have been • High aggregate values of differing mineral assemblages have been • • identified identified identified Mineralisation is associated with a Iron Oxide Gold Copper Syst em Mineralisation is associated with a Iron Oxide Gold Copper System em • Mineralisation is associated with a Iron Oxide Gold Copper Syst • • At Least Six Mineralised Shoots Identified At Least Six Mineralised Shoots Identified • At Least Six Mineralised Shoots Identified • • Down Plunge Continuity exceeds 200m Down Plunge Continuity exceeds 200m • Down Plunge Continuity exceeds 200m • • Remains Open at Depth. Remains Open at Depth. • Remains Open at Depth. • •
WHERE IS TENNANT CREEK? WHERE IS TENNANT CREEK? 510Km North of Alice Springs along Stuart Highway 510Km North of Alice Springs along Stuart Highway 510Km North of Alice Springs along Stuart Highway
WHY LOOK IN TENNANT CREEK? WHY LOOK IN TENNANT CREEK? Since 1932 the field has produced: Since 1932 the field has produced: Since 1932 the field has produced: 130.2 t Au, 130.2 t Au, 130.2 t Au, 345 000 t Cu, 345 000 t Cu, 345 000 t Cu, 14 000 t Bi, 14 000 t Bi, 14 000 t Bi, 220 t Se and 220 t Se and 220 t Se and 56 t Ag 56 t Ag 56 t Ag 5.5 million ounces of gold at an average 5.5 million ounces of gold at an average 5.5 million ounces of gold at an average recovered grade of 19g/t Au. recovered grade of 19g/t Au. recovered grade of 19g/t Au.
WHY IS TENNANT CREEK THERE? WHY IS TENNANT CREEK THERE? Tennant Creek Tennant Creek Tennant Creek Named in 1860 after John Tennant, Named in 1860 after John Tennant, Named in 1860 after John Tennant, Pastoralist from Port Lincoln, SA Pastoralist from Port Lincoln, SA Pastoralist from Port Lincoln, SA by John McDougall Stuart, for financial help for by John McDougall Stuart, for financial help for by John McDougall Stuart, for financial help for Stuart's expeditions across Australia. Stuart's expeditions across Australia. Stuart's expeditions across Australia. Myth – Horse Cart bogged in creek Myth – – Horse Cart bogged in creek Horse Cart bogged in creek Myth
TENNANT CREEK GEOLOGY - -STRATIGRAPHY STRATIGRAPHY TENNANT CREEK GEOLOGY Warramunga Formation - greywacke, siltstone, shale & felsic volcanic rocks Warramunga Formation - - greywacke, siltstone, shale & felsic volcanic rocks greywacke, siltstone, shale & felsic volcanic rocks • Warramunga Formation • • deposited 1862 Ma. deposited 1862 Ma. deposited 1862 Ma.
TENNANT CREEK GEOLOGY - - DEFORMATION DEFORMATION TENNANT CREEK GEOLOGY Tight upright folds • Tight upright folds Tight upright folds • • Subvertical, east – west slaty cleavage • Subvertical, east Subvertical, east – – west slaty cleavage west slaty cleavage • • Lower greenschist - facies metamorphism. • Lower greenschist Lower greenschist- -facies metamorphism. facies metamorphism. • • Progressive dextral Shearing • Progressive dextral Shearing Progressive dextral Shearing • • Large - scale, east - trending open folds • Large Large- -scale, east scale, east- -trending open folds trending open folds • • Granites & Lamprophyre dykes and sills. • Granites & Lamprophyre dykes and sills. Granites & Lamprophyre dykes and sills. • •
TENNANT CREEK GEOLOGY - - IRONSTONES IRONSTONES TENNANT CREEK GEOLOGY Irregular, flattened, ellipsoidal and pipe shaped Irregular, flattened, ellipsoidal and pipe shaped Irregular, flattened, ellipsoidal and pipe shaped From a few tonnes to over 15 Mt From a few tonnes to over 15 Mt From a few tonnes to over 15 Mt Discordant to bedding, with only a few being near - concordant Discordant to bedding, with only a few being near- -concordant concordant Discordant to bedding, with only a few being near Lines of lodes ’’ can be traced discontinuously along east can be traced discontinuously along east - trending Lines of lodes’ can be traced discontinuously along east- -trending trending Lines of lodes orientations . orientations . orientations . Relationship between mineralised ironstone and ‘‘haematite shale haematite shale ’’ beds. beds. Relationship between mineralised ironstone and ‘ haematite shale’ beds. Relationship between mineralised ironstone and
TENNANT CREEK GEOLOGY - - IRONSTONES IRONSTONES TENNANT CREEK GEOLOGY
TENNANT CREEK GEOLOGY - - MINERALISATION MINERALISATION TENNANT CREEK GEOLOGY Deposits located in east - trending, brittle - ductile shear zones and faults. • Deposits located in east Deposits located in east- -trending, brittle trending, brittle- -ductile shear zones and faults. ductile shear zones and faults. • • Au Cu Bi mineralisation in discordant ironstone pods & hydrothermally Au ± Cu ± Bi mineralisation in discordant ironstone pods & hydrothermally • • Au ± ± Cu ± Bi mineralisation in discordant ironstone pods & hydrothermally ± • altered metasedimentary rocks, adjacent to and below the ironsto nes. altered metasedimentary rocks, adjacent to and below the ironstones. nes. altered metasedimentary rocks, adjacent to and below the ironsto Of the 17 mined gold deposits, six have significant copper and bismuth Of the 17 mined gold deposits, six have significant copper and bismuth bismuth • Of the 17 mined gold deposits, six have significant copper and • • contents. contents. contents. Deposits also produced silver, and minor selenium • Deposits also produced silver, and minor selenium Deposits also produced silver, and minor selenium • •
TENNANT CREEK GEOLOGY - - ALTERATION ALTERATION TENNANT CREEK GEOLOGY Primary gold is concentrated towards the base, or in the footwa ll of the Primary gold is concentrated towards the base, or in the footwall of the ll of the • Primary gold is concentrated towards the base, or in the footwa • • ironstones. ironstones. ironstones. Many of the subsurface Au - Cu - Bi deposits are characterised by Many of the subsurface Au- -Cu Cu- -Bi deposits are characterised by Bi deposits are characterised by • Many of the subsurface Au • • intensive chlorite and dolomite - talc alteration and sericitisation. intensive chlorite and dolomite- -talc alteration and sericitisation. talc alteration and sericitisation. intensive chlorite and dolomite
TENNANT CREEK – – HISTORICAL EXPLORATION HISTORICAL EXPLORATION TENNANT CREEK Prospecting Prospecting Prospecting Traces of gold found near Tennant Creek in 1874, • Traces of gold found near Tennant Creek in 1874, Traces of gold found near Tennant Creek in 1874, • • No significant mining or prospecting took place until 1932 • No significant mining or prospecting took place until 1932 No significant mining or prospecting took place until 1932 • • Lack of gold in quartz veins and absence of alluvial gold disco uraged Lack of gold in quartz veins and absence of alluvial gold discouraged uraged • Lack of gold in quartz veins and absence of alluvial gold disco • • early prospectors. early prospectors. early prospectors. Later, it was realised that gold is associated with ironstone b odies and not Later, it was realised that gold is associated with ironstone bodies and not odies and not • Later, it was realised that gold is associated with ironstone b • • quartz veins. quartz veins. quartz veins.
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