UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
September
7, 2010
Date of
Report
(Date of
Earliest Event Reported)
Tuffnell
Ltd.
(Exact name of registrant as specified in its charter)
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Nevada
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000-53610
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26-2463465
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||
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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81 Oxford
St,
London
W1D 2EU
United
Kingdom
(Address of principal executive offices)
011-44-020-7903-5084
(Registrant's telephone number, including area code)
N/A
(Former name and former address, if changed since last report)
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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On
September 7, 2010, Tuffnell Ltd. Issued a press release which included assay
results from its 2010 exploration program. A copy of the release follows
herein:
Tuffnell
Ltd. Intercepts High-Grade Gold/Copper at Its Little Butte Gold Project in
Arizona
2010-09-07
08:00 ET - News Release
LONDON,
Sept. 7 /PRNewswire/ -- Tuffnell Ltd. (Tuffnell or "the Company") (OTC Bulletin
Board: TUFF) is pleased to announce that Drilling, assaying, check assaying and
interpretation of results is now completed for Phase 1 drilling at the Company's
Little Butte project located in north-western Arizona. Although several holes
contained significant intercepts, Hole LB1010, the northern-most hole drilled to
test an interpreted fault zone, has discovered high-grade gold/copper
mineralization under thin gravel cover. LB1010 contains 15 feet
averaging 0.25 oz/ton gold between 20 and 35 feet and an additional 50 feet
averaging 0.10 oz/ton between 45 and 95 feet. The gold intercepts include 5 feet
averaging 0.59 oz/ton. In addition the hole contains 95 feet averaging 1.13%
copper between 10 and 105 feet depth including 15 feet averaging 4.41%
copper.
The Phase
1 drilling program consisted of 12 reverse circulation (RC) holes totalling
3,979 feet. The primary target of the program was heap-leachable gold and copper
mineralization associated with northerly trending structures interpreted from
historic drilling. Intercepts of greater than or equal to 0.01 oz/ton gold or
greater than or equal to 2,000 ppm Cu are shown in the table below. A plan map
showing drill hole locations and the primary targeted structure as well as an
interpreted cross-section of LB1010 will be posted on the company website www.tuffex.com shortly.
Drill
holes LB1006, 11 and 12 did not reach target depth. As shown on the plan map the
majority of the holes target the interpreted structure that includes the LB1010
intercepts. This fault zone has proven to be real although the exact strike and
dip remain unknown. LB1003 and 1004 targeted another interpreted fault
that goes through the Paradise Shaft near LB1003. Results were disappointing. An
attempt to drill a third fault with holes LB1011 and 12 failed because of gravel
cover and caving.
All gold
assays greater than 1.0 g/t were re-assayed as were all copper values in excess
of 3,000 ppm (0.30%). Silver results were all low and are not shown. The
Company's primary targets are zones of mineralization thick enough and close
enough to surface to allow open-pit heap leach mining. Several drill holes
have encouraging results. However, results from LB1010 indicate there is also
potential for a significant high-grade resource.
The
mineralization in LB1010 appears strong as evidenced by gold values up to 0.59
oz/ton over 5 feet and copper values as high as 7.63% over 5 feet. This new
discovery under gravel cover has only one intercept so true widths of intercepts
cannot yet be established. However, the current interpretation of a vertically
oriented fault zone is shown on the LB1010 cross-section. One other high-grade
gold intercept (5 feet @ 2.98 oz/ton gold) is noted in hole LB1009 to the south
on the same fault zone. Because it is only a single assay interval it is much
less significant than LB1010.
LITTLE
BUTTE RC DRILLING SUMMARY RESULTS PHASE 1
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Hole
#
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From
(ft)
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To
(ft)
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Width
(ft)
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Au
(g/t)
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Au
(oz/ton)
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Cu
(ppm)
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Cu
(%)
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LB-1001
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60
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70
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10
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<0.01
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<0.005
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2148
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0.21
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135
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145
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10
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0.82
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0.02
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71
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||
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150
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155
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5
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0.94
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0.03
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63
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165
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180
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15
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1.17
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0.03
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360
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||
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LB-1002
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65
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120
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55
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2.07
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0.06
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339
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130
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140
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10
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0.66
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0.02
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164
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||
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155
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160
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5
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1.39
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0.04
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209
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LB-1003
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No Significant Au or Cu Values | ||||||
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LB-1004
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55
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60
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5
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0.30
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0.01
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18
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145
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150
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5
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0.32
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0.01
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17
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||
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LB-1005
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265
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270
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5
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1.13
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0.03
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25
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LB-1006
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30
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35
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5
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0.33
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0.01
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1285
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0.13
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70
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95
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25
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0.03
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<0.005
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2221
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0.22
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100
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115
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15
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1.24
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0.04
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1199
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0.12
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145
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150
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5
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0.44
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0.01
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303
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||
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LB-1007
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10
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20
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10
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0.06
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<0.005
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2425
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0.24
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35
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55
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20
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0.17
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<0.005
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2678
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0.27
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50
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55
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5
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0.60
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0.02
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1910
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0.19
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245
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250
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5
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0.40
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0.01
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46
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LB-1008
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165
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180
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15
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0.48
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0.01
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128
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260
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270
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10
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2.54
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0.07
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22
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||
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320
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345
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25
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0.99
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0.03
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13
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||
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LB-1009
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35
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65
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30
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0.08
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<0.005
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2728
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0.27
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55
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60
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5
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0.34
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0.01
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3345
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0.33
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75
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90
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15
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34.45
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1.01
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851
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||
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Including
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75
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80
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5
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102.10
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2.98
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1655
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0.17
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LB-1010
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10
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105
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95
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3.14
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0.09
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11343
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1.13
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20
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35
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15
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8.55
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0.25
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44117
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4.41
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Including
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20
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25
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5
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20.13
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0.59
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2920
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0.29
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45
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95
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50
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3.35
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0.10
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4093
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0.41
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Including
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75
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85
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10
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10.61
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0.31
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2155
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0.22
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|
115
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125
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10
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1.12
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0.03
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1395
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0.14
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215
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235
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20
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1.13
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0.03
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22
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255
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260
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5
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0.30
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0.01
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52
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270
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275
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5
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0.39
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0.01
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138
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290
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295
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5
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0.34
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0.01
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43
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320
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330
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10
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1.53
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0.04
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851
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LB-1011
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DH Abandoned in Gravel | ||||||
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LB-1012
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DH Abandoned in Gravel | ||||||
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LB-1012A
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95
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100
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5
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0.03
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<0.005
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2130
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0.21
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* Results
only shown if Au value is greater than or equal to 0.01 oz/ton or Cu value is
greater than or equal to 2,000 ppm.
** All
widths shown are drilled widths. True widths are unknown until further drilling
is done
Drilling
results indicate there is continuing potential for discovering low-grade
open-pit heap-leachable gold and copper at Little Butte. However, the discovery
of high-grade Cu/Au mineralization in LB1010, which appears similar to the
historic mining at the Little Butte Mine, makes this a priority for further
work. This discovery on the north end of the drilling grid leaves the best
potential to the north of 1010 in an area where Tuffnell controls 100% of the
ground for over 4,500 feet. Tuffnell plans to conduct Phase II exploration in
the fall of 2010. This program is planned to include excavator trenching,
mapping and sampling of the 1010 site and north to help determine attitude of
the mineralization, a geophysical survey to determine if the mineralization and
associated structure in 1010 can be identified, as well as its extent and other
possible targets, core drilling of the 1010 zone to determine grade, widths, and
lateral extent and RC drilling of other targets in the area if budgets
allow.
Mr.
George Dory, Tuffnell's CEO commented, "We are thrilled with the drilling
results to date as they have confirmed our expectations that this is a valuable
property with excellent potential. We intend to start the next phase in
our ambitious exploration program shortly and will keep shareholders advised of
developments in this regard."
Tuffnell
holds a 100% option to 73 unpatented mining claims and 7 patented claims. The
Little Butte Gold Property is located in north-western Arizona in the productive
Walker Lane Gold Trend. The Walker Lane gold belt has historically produced over
50 million ounces of gold and 400 million ounces of silver.
Shareholders
and the public are encouraged to visit www.tuffex.com for more information and to
request an Investor Package.
About The
Company
Tuffnell
Ltd. (OTC BB: TUFF) is a
mineral exploration company focused on maximizing returns for its shareholders
by exploring and developing low-cost gold assets in proven mining districts.
With a focus primarily on the State of Arizona, Tuffnell Exploration has
put together a team of highly qualified, strongly motivated individuals with the
experience required to advance our corporate vision.
Based on
geological potential, infrastructure proximity, and previously undertaken
exploration, Tuffnell Ltd selects properties of merit so as to provide its
shareholders with the highest probability of success. The company's main
property, known as Little Butte, is located in La Paz county Arizona and has
previous exploration history indicating that resources are present and the
prospect for economic recovery of gold support management's decision to proceed
with further exploration. The Little Butte project lies in the historic Plomosa
District, 20 miles north of the town of Quartzite, Arizona and approximately 150
miles southeast of Las Vegas, Nevada. Based solely on historical records and
drilling data from the former claim holder, the Company believes its property
has the potential to host up to 1.0 million oz of gold. Little Butte is located
in the world famous Walker Lane Gold Trend. The Walker Lane gold belt has
historically produced over 50 million ounces of gold and 400 million ounces of
silver.
Safe
Harbour Statement:
This
release contains "forward-looking statements" within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, and such forward-looking statements are made
pursuant to the safe harbour provisions of the Private Securities Litigation
Reform Act of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words such as "may,"
"future," "plan," or "planned," "will" or "should," "expected," "anticipates,"
"draft," "eventually" or "projected." You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those projected in
the forward-looking statements, including the risks that actual results may
differ materially from those projected in the forward-looking
statements.
The
forward-looking statements which involve risks and uncertainties that include,
among others, limited operating history, limited access to operating capital,
factors detailed in the accuracy of geological and geophysical results including
drilling and assay reports; the ability to close the acquisition of mineral
exploration properties, and other factors which may cause the actual results,
performance or achievements of the company to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. More information is included in the company's
filings with the Securities and Exchange Commission, and may be accessed through
the SEC's website at http://www.sec.gov.
CONTACT:
Investor
Relations 1-800-459-0794
www.tuffex.com
SOURCE
Tuffnell Ltd.
Signatures
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Date:
February 7, 2011
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Tuffnell
Ltd.
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/s/ George Dory | |
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George
Dory, Chief Executive Officer and
President
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