TNT Mines gears up for Pelley Ridge exploration
TNT Mines (ASX: TIN) is taking no time to start exploring its recently acquired Pelley Ridge Zinc Project in Montana, USA, with an aggressive program already underway.
Only last week, TNT wrapped up its purchase of Metals of Americas, LLC (MOA), which holds the rights to the Pelley Ridge project.
The project hosts a drill-ready, high-grade zinc target which has only had limited work conducted by previous owners, including most recently Chinese mining group MMG, despite some highly significant historical intercepts including 10.8m at 7.2% zinc from 71m.
Now, the company is moving ahead with its next phase exploration program including refining drill targets using Surface Induced Polarisation (IP) geophysical survey conducted over Gossan Knob and surrounding prospective areas.
This will be followed up in June by a ~1000 metre drilling program of targets identified from IP survey and anticipated to take approximately 1 month to complete.
The exploration operations will be run by highly experienced mining executive and mine finder Cherie Leeden who was the former Managing Director and founder of Battery Minerals (ASX: BAT).
SJ Geophysics has been secured for the current IP geophysical survey, which is now underway and expected to take approximately two to three weeks to complete. The Company is currently tendering for the drilling phase and has received several competitive quotations from reputable drilling companies.
Shares in TNT were trading at 11.5c on Monday.