For your information, we provide the Tanami Gold Quarterly Report for the period ending 31 December 2012 ? Download
Highlights:
Central Tanami Project
? An independently verified Mineral Resource completed for the Groundrush Deposit, with the following key outcomes:
? Increased Mineral Resource to 1,040,000 ounces of gold.
? Measured and Indicated Mineral Resource increased by 60% to 460,000 ounces of gold.
? A significant increase in the Mineral Resource to 4.8g/t Au.
? Groundrush drilling continued to define significant mineralisation including:
? 26.0m @ 4.3g/t Au - Main Sub-Vertical Lodes
? 5.7m @ 12.1g/t Au - Main Sub-Vertical Lodes
? 7.8m @ 5.4g/t Au - Main Sub-Vertical Lodes
? 4.8m @ 5.8g/t Au - Main Sub-Vertical Lodes
? 5.0m @ 16.2g/t Au - Main Sub-Vertical Lodes
? 1.7m @ 32.0g/t Au - Flat High Grade Lodes
? 0.8m @ 53.5g/t Au - Flat High Grade Lodes
? 0.5m @ 27.6g/t Au - Flat High Grade Lodes
COYOTE GOLD MINE
The shift in the exploration focus to the Kavanagh target area, north and east of the current mine workings, has proved successful with significant mineralisation intersected that remains open in multiple directions.
? Kavanagh exploration drilling returned high grade mineralisation including:
? 4.2m @ 9.8g/t Au, including 1.5m @ 23.7g/t Au - Kavanagh Lode
? 2.2m @ 22.7g/t Au - Kavanagh Lode
? 6.2m @ 4.0g/t Au, including 2.4m @ 7.7g/t Au - Kavanagh Lode
? 0.3m @ 42.1g/t Au - Kavanagh Lode
? Visible gold logged in Kavanagh surface exploration drill holes CYDD207, CYDD209 and CYDD211B.
? Near mine drilling continued to successfully extend current Resources:
? 0.7m @ 21.2g/t Au - Speedy Lodes
? 0.3m @ 23.5g/t Au - B16 Lode
? 2.0m @ 12.3g/t Au - Muttley Lodes
? 2.8m @ 11.0g/t Au - Muttley Lodes
Thank you
Jane Bown
Executive Assistant
T: +61 8 9212 5999
F: +61 8 9212 5959
E: jane@tanami.com.au
L2, 56 Ord Street, West Perth, Western Australia 6005
PO Box 1892, West Perth, Western Australia 6872
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