General Search - Enter what you're looking for...
TASMAN RESOURCES LIMITED - ASX: TAS
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
Tasman Resources is a Perth based Australian exploration company, focussing on exploration projects with potential tohost major mineral deposits in a wide range of precious and base metals including gold, silver, copper, zinc,lead, nickel, and uranium. Tasman Resources is a diversified, multi-commodity explorer with projects covering large tenement holdings in South Australia and Queensland.
Lake Torrens Project: Iron-oxide Copper-Gold-Uranium (IOCGU deposits), 100% Tasman
Tasman has a very large and strategic tenement holding (over 2,000 km2) adjoining BHP Billiton's world class Olympic Dam deposit in central South Australia. The prime target is iron-oxide associated copper-gold-uranium deposits of the Olympic Dam style, although potential for other base metal and diamonds deposits has been recognised.
Hole VUD 007 completed in February 2011 intersected strong chlorite/sericite altered basement volcanics at 847m followed by a thick zone of "classic" IOCGU-style mineralised hematite breccias between 1065m and the bottom of the hole at 1227.8m, (see drill core photo. Mineralisation consists of disseminated pyrite (iron sulphide) and chalcopyrite (copper iron sulphide), hosted within a breccia composed of fine grained black to steely-grey hematite, with lesser carbonate minerals and quartz. Readings from a hand held scintillometer indicate that low grade uranium is also present throughout the interval but diminishes near the bottom of the hole. Assays results are not yet available.
Hole VUD 003 drilled in 2010 included 7.8m down hole at 1.21% Cu, (and 0.35g/t Au). This 7.8m zone is included within a much thicker interval of 56.65m at 0.59% Cu, which also included a number of other higher grade zones such as 0.75m at 4.44% Cu, 1.34g/t Au, 0.58kg/t U3O8 and 0.65m at 7.82% Cu, 2.41g/t Au and 0.03kg/t U3O8.
Hole VUD 002 also intersected anomalous rare earth element concentrations, with one five metre zone (from 947m to 952m down hole) averaging 0.29% Ce and 0.18% La, comparable to levels seen in mineralised hematite-rich breccias at Olympic Dam. VUD 004 intersected a 1.37m thick zone at the basement unconformity averaging 0.91kg/t U3O8.
Parkinson Dam Epithermal Gold-Silver (Lead-Zinc) Project, 100% Tasman
In 2007 an intersection of 21m at 21g/t Au and 83g/t Ag (including 9m at 31g/t Au and 152g/t Ag) was obtained in a vertical diamond drill hole. This encouraging result has been followed up with further drill holes, but unfortunately this high grade mineralisation appears to be fairly limited in extent.Further drilling, designed to follow up encouraging thick zones of associated lead-zinc mineralisation hit in previous drilling is being considered. At least one deep hole may be drilled down dip of holes PD 70 (50m @0.9% Zn, 0.4% Pb) and PD 71 (55m @0.6% Pb and 0.4% Zn).
Tasman has also identified uranium potential within the project area, and this is being evaluated by uranium-focussed explorer Mega Hindmarsh, under joint venture with Fission Energy Ltd. Fission have a uranium only joint venture agreement with Tasman.
Central Gawler Gold Project, 100% Tasman
Central Gawler, which includes the Skye, Birdie and Gof North prospects, is located about 95km southwest of Coober Pedy. Archaean structurally controlled gold targets (including the Challenger-type) have been identified based on regional calcrete sampling and geophysical interpretation. These prospects were originally drilled by previous explorers. Tasman?s objectives are to both explore around mineralisation identified earlier, but poorly tested, and to test new anomalies and zones defined by follow up exploration. Drilling by Tasman at the Skye prospect has located a 15m wide low grade mineralised zone at depth including 6m @ 2.9g/t with potential for narrow high grade plunging shoots.
Southern Gold have reported encouraging results from drilling at the Golf Bore prospect, located several hundred metres southwest of Tasman's Golf North prospect, which was discovered by an earlier explorer.
Mirrica Gold - Base Metal Project, 100% Tasman
The Mirrica project is located at the edge of the Simpson Desert, 150km northwest of Bedourie and 350km south-southwest of Mt Isa, in southwest Queensland. Tasman's exploration targets are basement hosted gold and/or base metal mineralisation under relatively thin cover rocks of the Eromanga Basin and Simpson Desert sands.
Krucible Metals Ltd. have reported very encouraging results from exploration on an adjacent tenement along strike to the north of Tasman's Mirrica tenements. Results from Krucible's initial drilling programme at the Champ Prospect included an intersection of 27m at 0.40% Cu from 9m (including 3m at 2.3% Cu from 12m). The mineralisation may be related to the Toomba fault, which is interpreted to continue within Tasman's tenements.
Garford Project, Columba Oil Shale Prospect, 100% Tasman
The Garford project is located 80km southwest of Coober Pedy and 30km west of the Port Augusta to Darwin railway. Drilling by Tasman to test an interpreted Mesozoic-Permian trough for coal, encountered 7m to 30m thicknesses of strongly carbonaceous black organic rich Tertiary mudstones at various points along its 40km length at shallow depths of around 7m to 15m metres. One 2m composite sample of carbonaceous material from one hole was tested to determine its oil shale potential. After a series of preliminary tests on the sample, a pyrolysis gas chromatography analysis was conducted and indicated extremely good potential for oil generation. Follow up work is required to determine the oil shale potential.
SA Diamond Project, Diamond JV with Flinders Mining Ltd
Diamonds and indicator minerals are known in several areas of South Australia. The central Gawler Craton has an area with thick cool Mesozoic crust considered prospective for diamondiferous kimberlites. Tasman has partnered with Flinders Mining Ltd to assess Tasman's Central Gawler and Lake Torrens licences for diamond deposits. Flinders are undertaking an integrated programme of detailed airborne magnetics over targets selected from regional data; target ranking based on Flinders experience with locating kimberlites; ground magnetic follow-up of selected targets and drilling testing of priority targets.
Mine For
gold, silver, copper, zinc,lead, nickel, uranium, iron ore, diamond, oil shale
Location of operation(s)
South Australia, Queensland
Address
Level 40 , Exchange Plaza , 2 The Esplanade
PERTH, WA, AUSTRALIA
Phone
(08) 9221 5323
Website
http://www.tasmanresources.com.au
Last Updated
12/5/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
