Tanami Gold is pleased to announce continued exploration success at the 100% owned Central Tanami Project.
Deputy Chairman, Denis Waddell said, ?The results returned from this first phase of reverse circulation (RC) drilling at the Ripcord Prospect are extremely pleasing given this is the first regional prospect drilled since Tanami acquired the Central Tanami Project in 2010. The Ripcord drill results highlight the potential for further discoveries within our highly prospective tenement holdings.?
Phase one drilling confirms significant mineralisation at the Ripcord Prospect located 2.5 kilometres south of Groundrush with results including:
? 11 metres @ 3.7g/t Au
? 8 metres @ 4.9g/t Au
? 3 metres @ 10.8g/t Au
? 4 metres @ 6.7g/t Au
Thank you
Jane Bown
Executive Assistant
T: +61 8 9212 5999
F: +61 8 9212 5959
E: jane@tanami.com.au
L4, 50 Colin Street, West Perth, Western Australia 6005
PO Box 1892, West Perth, Western Australia 6872
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Tanami Gold NL
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EXPLORATION STAGE |
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CODE : TAM.AX |
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ISIN : AU000000TAM8 |
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Tanami Gold is a gold producing company based in Australia. Tanami Gold produces gold, tantalum in Australia, develops gold in Australia, and holds various exploration projects in Australia. Its main assets in production are COYOTE GOLD MINE, WESTERN TANAMI and BALD HILL in Australia, its main asset in development is GROUNDRUSH in Australia and its main exploration properties are AILERON / REYNOLDS RANGE, CENTRAL TANAMI PROJECT, DODGER, KOOKABURRA - SANDPIPER and SABRE - FALCHEON in Australia. Tanami Gold is listed in Australia and in Germany. Its market capitalisation is AU$ 47.0 millions as of today (US$ 33.9 millions, € 29.7 millions). Its stock quote reached its highest recent level on September 23, 2011 at AU$ 0.75, and its lowest recent point on December 19, 2014 at AU$ 0.01. Tanami Gold has 1 175 100 032 shares outstanding. |