Earnings release
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27 July 2021 TNT MINES LTD JUNE 2021 QUARTERLY ACTIVITIES REPORT TNT Mines Ltd ( ASX : TIN , ' TNT Mines ' or ' the Company ' ) , is pleased to present its Quarterly Activities Report for the period ended 30 June 2021. Activities were focussed mainly on the Western Australian assets of the Company . HIGHLIGHTS : EUREKA GOLD PROJECT , BROADARROW WA • • • • • . An Independent JORC 2012 resource at Eureka of 112,000 oz @ 1.42 g / t gold reported at cut- off of 0.5g / t gold , representing an increase of 68,900oz on the historically reported resource TNT Mines drilling at Eureka has delivered the resource increase of 68,900oz at an exploration cost of $ 21 per ounce Second round of Drilling at Eureka was recently completed with 3,769m drilled along the mine corridor with assays currently pending review Geochemical auger program delineated a large 1.2km by 800m gold anomaly delineated approximately 1.2km south of Eureka Pit , untested by exploration drilling Auger results up to 29.9g / t gold with multiple hits exceeding 100ppb gold orientated within a north / south trending envelope Geochemical anomaly coincident with structural setting similar to nearby Zoroastrian ( 530koz ) and Excelsior ( 354koz ) deposits owned by Bardoc Gold Ltd Company fast - tracked a 5,000m air - core programme commenced last week of June with assays pending WARRIEDAR GOLD PROJECT , PAYNES FIND WA • Virgin drill target 2km north of historical Reids Ridge mine yielded strong gold results in the Company's maiden RC drill program • • • Significant assays returned from drill hole RRRC0011 include : 20m @ 2.12 g / t gold from 88m to 108m within 44m @ 1.12g / t gold from 68m о also within a broader interval of 86m @ 0.71g / t gold from 26m RRRC0011 is anomalous for gold from surface to 116m within a previously untested granodiorite intrusive Mineralisation intersected is at the eastern border of the Reids Ridge intrusive granodiorite with a conceptual target length of > 2km in strike Follow up work including geophysics , petrology and drilling to be fast - tracked LOCKERIDGE FAULT LEAD / ZINC PROJECT , EARAHEEDY WA ● • The Company has lodged an exploration licence application for a greenfields Lead - Zinc project in the Earaheedy Basin covering 235km² Application located directly north of the recent Pb - Zn discovery by Rumble Resources Limited ( " Rumble " ) ( ASX : RTR ) on the regionally significant Lockeridge Fault CORPORATE • • Placement announced 30 June 2021 for a A $ 5.25m placement at $ 0.15 per share , with strong support from existing and new institutional and sophisticated investors Placement proceeds to be used primarily for drilling at the new Reids North prospect , follow up RC drilling at Eureka South and for general working capital