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Market: ASX
Sector: Gold Mining
Epic: TAM
News: Latest news
Web Site: Tanami Gold
Other Articles: 25-08-201017-08-201004-08-2010

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Thursday September 02, 08:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Friday September 03, 01:02TD Bank posts 29% increase in Q3 profits on strong retail earnings growth

"Our third quarter results really tell the growth story of our retail businesses on both sides of the border, with our total adjusted retail earnings hitting a new high of $1.3 billion, up 21% from last year," said president and CEO Ed Clark.

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Wednesday September 01, 10:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Tanami Gold

Tanami Gold

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.

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Friday, March 12, 2010

Tanami Gold encouraged by high grade gold potential at Sandpiper, WA

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Australian gold producer Tanami Gold (ASX: TAM) has reported further encouraging assay results from surface exploration and resource drilling at its Bald Hill Operations, the satellite mining centre located 35km north of its Coyote Gold Operations in Western Australia.

The new results have reinforced the potential to define significant additional gold resources beneath the operating Sandpiper open pit.

As announced in the Company’s December 2009 Quarterly Report, diamond core hole SPDD2 at Sandpiper intersected a 22 metre down-hole zone of stock work quartz veining and quartz lode hosted within a folded mafic volcanic and sedimentary sequence.

Independent analysis of core samples from this interval has returned a significant result of 15.1 metres grading 6.1g/t from 202 metres with a true width of 11 metres. This mineralisation occurs 130 metres up-dip of a previously announced 21 metre interval grading 3.7g/t in diamond hole BLRCD1.

Both intervals contain a high grade core – 8.8 metres grading 9.6g/t in SPDD2 and 5.6 metres grading 8.6g/t in BLRCD1. Mineralisation associated with this latest intersection includes disseminated arsenopyrite, pyrite, sphalerite and galena together with a significant interval of silver grading 33.5g/t from 209.4 to 210.1 metres.

Graeme Sloan, Managing Director, said, “we are very pleased with these results from Sandpiper, which continues to improve at depth. Given these latest intersections and the consistency of the mineralisation evident from the drilling to date – coupled with the positive reconciliation we are achieving from the open pit – I am confident that we are well down the track towards delineating a significant deposit at Sandpiper which will contribute significantly to gold production at Coyote well into the future.”

A further nine diamond holes have been completed at Sandpiper to test the extent of the mineralised system. Of these holes, six contain intervals exhibiting similar mineralogy and occurring in a consistent position within the sequence to the interval in SPDD2, suggesting that the mineralised zone is continuous.

Down hole lengths of the quartz-arsenopyrite rich intervals include:

- 11.8m from 258.4m in SPDD5

- 4.0m from 230.0m in SPDD6

- 9.0m from 316.0m in SPDD7

- 4.5m from 275.6m in SPDD9

- 5.7m from 292.4m in SPDD10

Coarse gold has also been logged within a quartz vein interval from 179 metres in current hole SPDD11 through a previously interpreted parallel zone. Assay results are pending.

The main zone is interpreted to extend for over 400 metres down plunge from the base of the open pit. The system remains open along strike, down plunge and down dip with additional holes planned pending assay results from the outstanding intervals.

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