Company
Thursday, 10 July 2008
The Tanami region is the most isolated gold province in Australia with a gold endowment of past production and current resources of more than 11 million ounces. It hosts the world class Callie deposit and several smaller 0.5-1.0 million ounce deposits including Tanami Gold's Coyote-Bald Hill operations. Despite the exciting potential of the province to deliver more of these significant stand alone gold deposits, the area remains largely unexplored.
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.
Tanami Gold has a workforce of highly experienced and committed personnel that is well supported by their corporate and technical office in Perth WA. The Company's large tenement landholding which covers some 26,000 square kilometres is seen by many as being one of the most exciting exploration provinces in Australia, protected by its isolation yet with an overall gold endowment supporting the potential for this area to host more +1 million ounce deposits.