Tanami Gold NL (ASX:TAM) Reports High-Grade Assays from Jims Gold Mine
Tanami Gold NL (ASX:TAM) is pleased to announce the receipt of final assays for its recent drilling program at the historic Jims Gold Mine, part of the Central Tanami Project Joint Venture (CTPJV) with Northern Star Resources Limited (ASX:NST).
Exploration Results
The four-hole, 1,712.50-meter Reverse Circulation Pre-Collar – Diamond Core Tail drilling program successfully identified several significant intercepts, including a notable high-grade intercept of 3.80 meters at 268.34 g/t gold from 317.00 meters in drill hole JPRCD0007. Additional intercepts include 11.96 meters at 2.34 g/t gold and 11.45 meters at 2.24 g/t gold from drill hole JPRCD0004, among others. These results enhance the understanding of the gold mineralisation’s tenor, geometry, and extent within the targeted corridor.
Future Exploration
Final assays are still pending for drilling programs at the Ripcord Gold Deposit, and the Groundrush-Ripcord Link and Black Hill East targets. Tanami Gold NL plans to resume drilling activities on the Central Tanami Project in May, with further exploration programs for the 2025 field season already underway. The promising results justify continued exploration in the targeted areas to advance the project towards development.
Project Overview
The Central Tanami Project Joint Venture encompasses a 2,108 square kilometer tenement area in the Tanami Region of the Northern Territory. The primary objective is to develop and mine the Groundrush Gold Deposit, along with other gold deposits within the tenements. The Jims Gold Mine, located approximately 23 kilometers southwest of the Central Tanami Mill site, has a history of mining activities conducted between 1998 and 2001.
Company Information
Information on Tanami Gold’s projects can be found on the company’s website at [www.tanami.com.au](https://www.tanami.com.au). This announcement has been authorised by the Board of Directors of Tanami Gold NL for release on 4 February 2025.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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