TNG completes initial large tonnage copper targeted exploration at McArthur River

TNG (ASX: TNG) has now completed the initial program of mapping, rock chip sampling and soil sampling at the McArthur River Project, located in the Northern Territory.

TNG is targeting large-tonnage, sedimentary-hosted copper deposits, with the company focus on historic prospects and geophysical targets.

There are currently two major copper targets at the tenement, Kilgour Crossing and Donkey Yard, with both containing historic rock chips of up to 1.9% copper.

In addition to these high priority prospects, the reconnaissance program also covered six previously-identified geophysical targets and two copper occurrences identified by the Northern Territory Geological Survey (NTGS).

This also included numerous other prospective copper targets identified from previous stream sampling results and prospective geology

TNG's exploration program at McArthur River is aimed at discovering large-scale sedimentary-hosted copper deposits similar to Mount Isa and Gunpowder in Queensland, and the large copper deposits of Zambia and the Democratic Republic of Congo.

In other TNG news, negotiations are progressing with traditional owners to commence exploration at the nearby Yah Yah Copper Mine.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/17533/tng-completes-initial-large-tonnage-copper-targeted-exploration-at-mcarthur-river-17533.html