Tellus Resources (ASX:TLU) has identified a significant surface...

Tellus Resources (ASX:TLU) has identified a significant surface copper anomaly within the Byrnes Creek Prospect in New South Wales from handheld XRF sampling at Rockley project.

Soil copper values are continuous for 110 metres north-south and up to 30 metres wide at an average of 2,000 ppm copper.

The anomaly is truncated to the north and south due to shallow transported soil cover and should continue beneath the cover.

The Byrnes Creek Prospect was first identified by elevated copper lead and zinc in regional stream sediment sampling in the mid-1970’s.

Notably, a section of the NSW Government Statewide magnetic data shows a prominent linear northsouth magnetic anomaly spatially associated with the known soil anomalism.

Correlation between the magnetic susceptibility results from the old drill core and the regional scale magnetic anomaly suggests soil mineralisation may have a strike extent of up to 1.7 kilometres.

The reconnaissance work completed within the tenement has added significant value to the project and application has been made for renewal.

A detailed ground magnetic survey and reverse circulation drill testing of the soil copper anomaly is planned in the near future.

Tellus' core business is now oil exploration in the United States, where it recently spudded the TWP USG #1 well.

The well is the first in a two well farming program in the Covenant Mondo conventional oil play located Utah.

Tellus has funded 30% of the expected costs to earn a 25% participating working interest in the joint venture.