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Parkinson Dam Project, Epithermal Au-Ag-Pb-Zn-Cu, 100% Tasman
Tasman discovered this new epithermal-style system in mid-2005, following regional targeting of the area and the follow-up of anomalous geochemistry from previous explorers. Tasman conducted further surface soil, calcrete and rock chip sampling, and commenced the initial programme of shallow percussion drilling in November 2005.
The discovery can be described as a low sulphidation epithermal gold-silver system with significant associated lead-zinc and copper mineralisation. Mineralisation is mostly hosted by the Mesoproterozoic-age Corunna Conglomerate and is characterised by quartz veining with sericite and chlorite alteration halos. Mineralisation and alteration occurs over about 4.5km².
Tasman's initial drilling returned intersections up to 3.4g/t Au and 45g/t Ag over 3m, with thick zones of low grade lead and zinc (eg 96m at 0.2% Pb and 27m at 0.4% Zn). The first follow up diamond drill hole returned a 1.66m intersection of 7.6% Pb, 10.5% Zn, 0.4% Cu, 1.2g/t Au and 120g/t Ag.
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 extremely encouraging result is being further evaluated with follow up drilling.
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.
60km west of Port Augusta in central South Australia.
New epithermal discovery - previously unknown mineralised system. Surface sampling, mapping, geophysical surveys and drilling have defined mineralisation over an area of about 4.5km², although there are significant targets outside this area that require further work. The current focus of drilling is on evaluation of the recent high grade intersection and testing for further high grade zones in the immediate vicinity.
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Lake Torrens Project, Cu-Au-U, Zn-Ag-Pb, Unconformity U, Diamonds, 100% Tasman, with joint venturers earning interests
Tasman has a large tenement holding immediately north, west and northeast of Olympic Dam in areas considered highly prospective for iron-oxide style copper-gold-uranium mineralisation. Targets defined to date include Titan (large mineralised iron-oxide system), Marathon South (large iron-altered breccia system) and untested anomalies at Vulcan, Zeus and Billy Barnes.
Within 50km of the Olympic Dam Mine in central South Australia.
Advanced exploration through to grass roots. A number of targets show great potential but require drilling to test them.
Basement rocks within most of this project area are being explored by joint venture partner WCP Resources.
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Central Gawler Gold Project, Au, 100% Tasman
Archaean structurally controlled gold targets (including the Challenger-type) based on regional calcrete sampling and geophysical interpretation. 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 identified from new work completed by Tasman. Recent drilling 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.
Recently, Southern Gold have announced encouraging results from drilling at Golf Bore prospect, located several hundred metres southwest of Tasman's Golf North prospect, which was initially drilled by a previous explorer.
The Skye, Birdie and Golf North Prospects are located about 95km southwest of Coober Pedy.
Grassroots through to prospect testing, ranging from untested gold–in–calcrete anomalies through to under drilled prospects.
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Mirrica Project, Au, base metals, 100% Tasman
Mesoproterozoic gold and/or base metal mineralisation under relatively thin cover rocks of the Eromanga Basin and Simpson Desert sands.
The prospectivity of the region for uranium and diamonds is also open to further investigation. The area is characterised by:
- Relatively shallow cover;
- Virtually untested province;
- Palaeoproterozoic terrane with potential similarities to the Tanami, Tennant Creek or Challenger (South Australia) gold provinces;
- Located near major regional structures and possible extensions of the Mt Isa block;
- Unexplained significant gold anomalism in soils, lag, calcrete and aircore chips;
- Complex structural setting with folding, faulting, interpreted mafic units, demagnetised zones and alteration noted in the limited drilling;
- No Native Title claim over the area; and,
- Regional government airborne magnetic and radiometric survey recently completed.
Located 150km northwest of Bedourie, 350km south-southwest of Mt Isa, in southwest Queensland.
Tasman's first phase of drilling was completed during the first quarter of 2008-09, but unfortunately no significant anomalism was detected.
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Sturt Prospect, Ni-Co-Cu, 100% Tasman
Highly anomalous Ni, Co and Cu results in regional calcrete samples in very poorly mapped area. Part of the Fowler Domain recently recognised for its Ni potential and similarities to the Thompson Ni Belt in Canada. Recent RAB drilling has confirmed the presence of ultramafic rocks with Ni assays up to 1420 ppm. A ground electromagnetic survey has delineated a number of conductors which could be due to disseminated sulphides.
Located just to the north of the Trans-Australia railway on Mulgathing Station in central South Australia.
Grass roots prospect, requiring drill testing. The project has been awarded support funding for drilling through the SA Government's PACE programme.
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Garford Project, Columba Oil Shale Prospect, oil shale, 100% Tasman
Drilling on Tasman's Garford project 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 in progress to determine the areas oil shale potential.
80km southwest of Coober Pedy, 30km west of the Port Augusta to Darwin railway.
Early stage prospect requiring follow up drill testing and analytical work. |
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Julia Creek Project, Queensland, oil shale, 100% Tasman
Tasman has applied for a large area of tenements covering 1,915km2 near Julia Creek in Queensland. The project is targeting the Toolebuc Shale, an extensive unit known to contain significant amounts of oil shale.
600km west of Townsville.
Early stage project requiring first pass drilling to establish the most favourable areas for follow up. |
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SA Diamond Project, Diamonds, 100% Tasman
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 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.
Central South Australia in regions from around Olympic Dam to areas west of Tarcoola.
Flinders recently commenced drill testing of selected targets in the central Gawler Craton. |
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OTHER INTERESTS
Alternative Energy
Through it′s holding in Eden Energy Ltd, Tasman has interests in various alternative energy technologies involving hydrogen, coal seam and abandoned mine methane and geothermal energy
Nickel - Cobalt and Uranium
Through it′s holding in Fission Energy Ltd, Tasman has an interest in the Mt Thirsty Ni-Co-Mn laterite deposit located near Norseman in Western Australia. Indicated and Inferred resources are currently 29 million tonnes grading 0.56% Nickel, 0.12% Cobalt and 0.88% Manganese. The Mt Thirsty Joint Venture is working closely with consultancy firms to define the best development options for the project.
Fission also has a number of promising uranium exploration projects on The Gawler Craton in South Australia.
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Experienced Management Team
Tasman boasts an experienced management team that aims to vigorously pursue the exploration programme on the existing tenements with a view, where it is considered appropriate, to seeking major companies as potential joint venturers on any significant project developments. The directors further intend to consider expanding the tenement portfolio, through direct acquisition or joint venture. The Company will also investigate any investment opportunities in mineral related projects.
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