Perth, Australia - Tanami Gold NL (ASX: TAM) ('Tanami Gold' or the 'Company') is pleased to announce the receipt of the first results from a 17-hole Reverse Circulation Pre Collars/Diamond Core Tail ('RCD') drilling program completed at the historic Jims Gold Mine ('Jims').
Final assays have been received for all pre-collars and two of the diamond core tails.
This program represents the first for the 2025 field season, which will include a series of drilling campaigns across multiple targets on the Central Tanami Project ('CTP'). Since resuming field activities in March, drilling has been undertaken at Jims, the Galifrey Gold Prospect ('Galifrey'), the Western Dolerite Prospect ('Western Dolerite') and the Groundrush Gold Mine ('Groundrush') The Central Tanami Project Joint Venture is operated under 50/50 joint venture between Tanami Gold and ASX listed Northern Star Resources Limited ('Northern Star') ('CTPJV').
The joint venture was established to advance exploration across the 2,108km2 tenement area held by the CTPJV in the Tanami Region of the Northern Territory. The objective of the CTPJV is to develop and mine the Groundrush gold deposit, along with any other gold deposits defined within the CTPJV tenements.
Jims is situated on Mineral Lease (Southern) MLS168, approximately 23 kilometres southwest of the Central Tanami Mill site. Historical open-pit mining was conducted at Jims between 1998 and 2001, targeting the Jims Main and Jims Central deposits. The gold deposits at Jims are associated with an interpreted north-northwest trending regional fault. Mineralisation is hosted within a series of quartz vein and breccia lodes developed along a major structure situated at the contact between basalt, sediment and dolerite units.
Galifrey Gold Prospect
A three-hole, 1,380.7 metre RCD program was completed at Galifrey to test several down-dip positions along strike from the area of highest drill density. It included 468.3 metres of diamond core drilling from surface in drill hole GFDD0002, which was co-funded by the Northern Territory Government through Round 17 of Resourcing the Territory. Galifrey is located 4-kilometres west-southwest of the historic Jims Gold Mine on Exploration Licence EL26926. Gold mineralisation is associated with narrow quartz-carbonate vein arrays developed along a felsic intrusive in conjunction with a northwest striking shear zone within sedimentary units of the Killi Killi Formation. Results have been received for all three holes, returning several narrow, low to moderate grade intercepts based on a 0.50 g/t gold cut-off.
The information in this report that relates to Exploration Results fairly represents information and supporting documentation that was compiled by Mr. Neale Edwards BSc (Hons), a Fellow of the Australian Institute of Geoscientists, who is a Director of the Company and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Persons as defined in the 2012 Edition of the Australasian Code of Reporting for Exploration Results, Mineral Resources and Ore Reserves. Mr. Neale Edwards has provided written consent approving the inclusion of the Exploration Results in the report in the form and context in which they appear.
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