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.
Sun Hung Kai Investment increases Tanami Gold stake to over 10%
Significant shareholder Sun Hung Kai Investment Services has increased its stake in Tanami Gold (ASX:TAM) to 10.5647% as at 24 September 2010, from 9.6456% on 3 September.
Sun Hung Kai now holds 27,567,989 shares, up from 25,169,752
Tanami earlier in the month hit some high grade gold intersections at surface at the Central Tanami Project in the Northern Territory.
High grade highlights included:
- 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.



















