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latest strike, page-54

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    Hi Koala,
    Hardman & Co is an independent UK research company. TNG pays for these research services a fee but Hardman does not own shares and is not involved in trading or financing. The headline of this update is "One Hole, One Hit and its Lift-Off". They also say two of TNG's exploration targets are areas of previous (shallow) copper mining. A few days before they mentioned TNG too in their regular monthly updates. This was before the NR about the first hole. They write re Mt.Hardy:

    The company's second main thrust is on the exciting Mount Hardy copper exploration program where the Northern
    Territory government has permitted a 2,000m reverse circulation drill program to enable the testing of several mixed
    copper, zinc, lead, silver, gold anomalies located some 100km to the west of the Mount Peake Project Area. The
    spectacular spot sampled grades from surface outcrop and soil geochemistry will now come under the full scrutiny of
    the drill bit. Given that some of these anomalies are at sites of historic copper mining and co-incident with good
    geophysical signals we are looking forward to first results from this program, expected before Christmas. Good
    results from this program would surely attract significant corporate attention given the recent success of Sandfire's
    DeGrussa Project, now Australia's newest producing copper-gold mine.
    The TNG quarterly report is out and provides more detail on the rest of the exploration programs spread across the
    Northern Territory.
    The quick turn-around of drill permits and rapid progress of the Mount Hardy finds demonstrate both the government
    and company's enthusiasm for this prospect, and the ease with which TNG is now operating in the Territory. With
    funds in place to advance both exploration and development programs TNG stands out as an exciting splash of colour against the current grey background for junior mining in general.

    BTW re Mt.Peake they say TNG believes a 25% increase in total resource tonnage with the ongoing drilling would not be an unreasonable expectation.

 
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