Tennant Minerals Ltd. announced bonanza gold results from the latest drilling at Bluebird copper-gold discovery, on the Company's 100% owned Barkly Project, 40km east of Tennant Creek in the Northern Territory. The new results include exceptionally high-grade gold with copper intersections in BBDD0021: 24m at 0.66% Cu, 11.8 g/t Au from 161m (downhole), incl. 5.7m at 0.74% Cu, 49.3 g/t Au and from 161m, and, incl.

4.97m at 1.06% Cu, 23.9 g/t Au from 165.66m and 3.94m at 1.37% Cu from 179.3m. The new gold results in BBDD0021 occur at a similar depth to the spectacular intersections in BBDD0018 of 30.5m at 6.2% Cu, 6.8 g/t Au including 17.8m at 5.2% Cu, 11.5 g/t Au1 from 153.6m and BBDD0012, which produced 63.0m at 2.1% Cu, 4.6 g/t Au2 from 153.0m including 27.55m at 3.6% Cu, 10.0 g/t Au2. These thick and high-grade copper-gold intersections are associated with a shallow easterly-plunging dilational zone where the mineralised structure at Bluebird has intersected an anticlinal closure.

The high-grade zone remains completely open to the east and west - where it projects to shallower depth. The previous intersections within this more than 240m strike-length zone include, from west to east: BBDD0018: 30.5m at 6.2% Cu, 6.8 g/t Au from 153.6m incl. 17.8m at 5.2% Cu, 11.5 g/t Au1; BBDD0012: 63m at 2.1% Cu, 4.6 g/t Au from 153m incl.

27.55m at 3.6% Cu, 10.0 g/t Au2; BBDD0013: 40m at 2.6% Cu, 1.3 g/t Au from 131m incl. 3m at 1.8% Cu, 13.2 g/t Au3; BBDD0007: 50m at 2.7% Cu, 0.52 g/t Au from 158m incl. 24m at 5.0% Cu, 1.0 g/t Au4; BBDD-2: 20m at 0.61% Cu 8.17 g/t Au from 157m incl.

4m at 0.66% Cu, 37.9 g/t Au4. The discovery of this high-grade gold with copper zone opens-up potential for new drilling to continue delivering outstanding results at shallower depth to the west, and also to the east. The intersection of high-grade gold in several holes at Bluebird underlines the potential of the Bluebird discovery to rival the Peko deposit, 20km west of Bluebird, which produced 3.7mt at 4% Cu & 3.5 g/t Au5.

Other new results include from two strongly copper mineralised zones in diamond hole BBDD0022, down- plunge from the main or eastern zone at Bluebird, including the following intersections: 8.38m at 1.61% Cu, 0.13 g/t Au from 210.21m (downhole), incl. 2.84m at 3.64% Cu, 0.12 g/t Au from 211.62m, and, 12.8m at 1.24% Cu from 244.2m incl. 4.5m at 3.42% Cu, 0.16 g/t Au.

The results in BBDD0022 indicate continuity of the mineralisation at depth towards the previous intersection in BBDD0015 of 17.8m at 3.7% Cu, 0.34g/t Au from 277m including 9.5m at 6.0% Cu3 which is open below 250m depth from surface. Results are pending from a further four completed holes which tested western extensions of Bluebird, as well as at depth. The results pending include from BBDD0025, drilled below BBDD0021, which intersected a 25m zone of hematite alteration and brecciation from 199m downhole, including 15m of intense copper mineralisation with visible sulphides.

The results of an induced polarisation (IP) program carried out at Bluebird revealed a distinct low-resistivity (high conductivity) response, corresponding with the Bluebird mineralisation on cross section 448,360mE. This confirmed that the mineralised structure at Bluebird can be detected using IP geophysics. This section includes the BBDD0012 intersection of 63m at 2.1% Cu, 4.6g/t Au2 and the IP low-resistivity zone shows potential continuity below 400m depth.

Further dipole-dipole IP traverses, in combination with detailed drone magnetics and detailed gravity modelling, has identified six priority targets for the discovery of buried high-grade copper-gold deposits within the 2.5km Bluebird-Perseverance Corridor. The initial drill testing of these priority targets intersected mineralised and brecciated fault structures in all three target areas8. The potentially mineralised structures are interpreted to lie above iron-stone hosted copper-gold targets previously identified by inversion modelling of gravity and magnetics, as well as associated with IP low resistivity geophysical anomalies.

Results are pending for these recently completed RC and diamond drill holes. Further dipole-dipole IP traverses will now be carried out both east and west of Bluebird and along strike from the other priority targets in the Bluebird-Perseverance Corridor. Following receipt of results from the initial drill testing of the other priority targets, and the results of the follow-up IP program, further drilling will be carried out to test the ironstone hosted copper-gold targets.