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From Stock Head

Has Tasman stumbled onto a monster

TASMAN RESOURCES (ASX:TAS)

In 2019, major miner Fortescue Metals (ASX:FMG) formed an exploration joint venture with Tasman over the Vulcan iron oxide-copper-gold-uranium (“IOCGU”) prospect, only 30km north of BHP’s massive Olympic Dam mine in South Australia.

Iron oxide copper gold ore deposits (IOCG), like Olympic Dam, can be tremendously large, and simple-to-process concentrations of copper, gold and uranium ores.

A recent, deep two-hole drilling program to test the Vulcan North gravity anomaly has intersected “substantial downhole widths of hematite breccia which is often a significant host to mineralisation in IOCG deposits”, Tasman says.

Tasman has been chipping away at this project for over a decade, so a big mineral discovery would be something special.