www.tanami.com.au
Tanami Gold NL is an Australia-based company engaged in gold mining and mineral exploration. Tanami Gold NL's gold operations are located approximately 30 kilometres west of the Western Australia-Northern Territory border. The Coyote mine once seen as a "narrow vein gold deposit" is proving to be anything but that with mining revealing mineralised zones up to 5 metres wide and in deeper diamond drill holes, widths to 10 metres. Grades over these widths have averaged around 7-12 grams per tonne Au. The Company is currently in the early stages of developing the main Gonzales lode underground and the P2 ore-body in the open pit is planning to initially target 50-70,000 ounces per annum.
Tanami Gold drilling to increase resource base at Central Tanami project
Western Australia based Tanami Gold's (ASX:TAM) in-fill and extension drilling continues to return high grade gold results from the Central Tanami Project in the Northern Territory.
Significant results from Legs and Lynx include:
- 4 metres @ 11.1g/t from 165 metres in LERC2;
- 13 metres @ 3.6g/t from 62 metres in LXRC8;
- 2 metres @ 10.2g/t from 110 metres in LXRC13;
- 9 metres @ 6.3g/t from 39 metres in LXRC16; and
- 4 metres @ 18.9g/t from 78 metres in LXRC17.
Significant results from Miracle include:
- 3.4 metres @ 3.5g/t from 152.1 metres in TODD11; and
- 3 metres @ 3.4g/t from 140.5 metres in TODD12.
The Central Tanami Project encompasses over 2,100 square kilometres of highly prospective rock sequences that have yielded in excess of two million ounces of gold from historic open pit mining.
Tanami is aiming to substantially increase the current 1.061 million ounce mineral resource inventory ahead of the planned re-commencement of mining operations next year.
Tanami also announced a recent Liaison Committee meeting between the Central Tanami Project area Traditional Owners, the Central Land Council and Tanami Gold representatives, the Traditional Owners have provided Sacred Site Clearance for five of the Project’s Mineral Leases; MLS153, 167, 168, 180 and ML22934.
These tenements contain over 90% of the project’s current 1.061 million ounce Mineral Resource and the granting of whole of tenement clearances enables Tanami to progress exploration and resource development programs as priorities dictate.
Graeme Sloan, managing director and chief executive officer, said: “The granting of the Sacred Site Clearance is an extremely important milestone for Tanami Gold and reinforces the excellent relationship we have developed with the Traditional Owners over many years."
"This will enable us to better plan and conduct our drill programs and build on what is already an impressive range of results achieved from the initial drilling completed so far this year.”
Tanami’s current JORC compliant measured, indicated and inferred resource base totals 14.795 million tonnes grading 3.4g/t Au for 1.616 million contained ounces, across the Western Tanami and Central Tanami operations.
Of which, approximately 77% are in the measured and indicated categories.
