Undiscovered Alpha

Tarrina Resources (ASX: TR8)

TR8 is gearing up to test major extensions at its flagship Christmas Gift Project, a high-grade gold mine which has historically produced 30koz at an incredible grade of 18 g/t Au and contains assays such as 8m at 17.23 g/t Au from 12m and 13m at 13.20 g/t Au from 68m. 

The most exciting parts of the project could be yet to be drilled, with a largely untested 1,500m gold in soil anomaly above 200ppb Au coinciding with geophysical anomaly that is understood to correlate with mineralisation, data from a total of 592 drill holes, and the structural controlled nature of the low sulphide, quartz veining mineralisation – 

Leading the company is Dr Greg Partington, previously managed the acquisition of the Bullabulling deposit at 410koz and turning it into a 3.7Moz monster at a discovery cost of just $5/oz. A 2.3Moz section of this asset is now being developed by $660 million market cap Minerals 260 (ASX: MI6), which counts Tim Goyder as a substantial shareholder. Greg also led the growth of the Tampia Gold Mine from 310koz to 695koz before it was taken over by Ramelius Resources (ASX: RMS).

TR8 also has another extremely exciting project – Walparuta in SA – where $7 billion market cap Sandfire Resources (ASX: SFR) has just entered into a $330 million joint venture with Haivanah Resources (ASX: HAV) to develop a monster deposit that contains 1.1Mt Cu, 3.1Moz Au and 23.2Kt of Co. The region is being touted as an incredibly prosperous district for these commodities – with SFR committing $30 million in regional exploration expenditure to find lookalikes – and TR8’s project has a very high priority geophysical anomaly to drill test immediately.

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