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TANAMI GOLD NL — Regulatory Filings 2013
Mar 21, 2013
65894_rns_2013-03-21_aa320b4c-ef0a-48c7-a39d-4d432ca83962.pdf
Regulatory Filings
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22 MARCH 2013
Jon Latto COMPANY SECRETARY Jane Bown EXECUTIVE ASSISTANT
DRILLING CONTINUES TO DEFINE HIGH GRADE MINERALISATION WITHIN THE KAVANAGH TARGET AREA
HIGHLIGHTS
Infill drilling continues to return high grade mineralisation including:
2.4m @ 216.9g/t Au 1.8m @ 124.0g/t Au 0.3m @ 178.0g/t Au 4.2m @ 8.0g/t Au 0.3m @ 75.0g/t Au 0.5m @ 33.6g/t Au 0.5m @ 26.5g/t Au
Note: Details of all holes drilled are shown at the end of this report.
Australian gold producer Tanami Gold NL (ASX: TAM – ‘Tanami’ or ‘the Company’) is pleased to announce ongoing exploration success at its 100% owned Coyote Gold Mine. Further results have been received from drilling within the Kavanagh Target Area (‘Kavanagh’) and are to be incorporated into the Maiden Resource scheduled to be completed by early April 2013.
Acting CEO, Peter Cordin said, “These results represent some of the highest grades intersected to date from within Kavanagh. Of significance, CYUG362 (2.4m @ 216.9g/t Au) has extended the mineralisation to the west, closer to the active Coyote mine area. The Company’s geologists have been pleased at the high success rate of the drilling. Their geological understanding has grown and the mine sequence and the mineral occurrence are now well understood.”
To date, drilling has identified two main ore horizons within Kavanagh that are defined on both the northern and southern limbs. They are continuous over a strike length of 250 metres and remain open in all directions. These mineralised surfaces are referred to as the K1 and K2 lodes and have an average true width of 1 metre with an average grade to date of 16.7g/t Au and 32.4g/t Au respectively. The exploration potential of these lodes remains extremely high with both CYUG362 (2.4m @ 216.9g/t Au) and CYUG646 (0.3m @ 178g/t Au) remaining open down plunge and along strike.
The exploration effort remains ongoing, with three Company owned underground diamond rigs drilling continuously on Kavanagh.
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22 March 2013
Kavanagh Target
The majority of drill results have now been returned from the assay laboratories and the Company’s technical team are on track to deliver the Maiden Resource in early April 2013.
Kavanagh is situated approximately 150 metres north and east of the main Coyote Gold Mine (See Figure 2) and is interpreted to be a folded repeat of the geological sequence (or similar) that hosts the Coyote Gold Mine. It is considered highly prospective with the potential to host a repeat of the Coyote mineralised system.
Kavanagh is based on the Coyote Mine Mineralisation Model and as such has the potential to host between 700,000 and 800,000 tonnes at a grade range of between 10-15g/t Au[1] .
Significant results:
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CYUG362 - 2.4m @ 216.9g/t Au
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• CYUG373 - 1.8m @ 124.0g/t Au • CYUG373 - 0.5m@ 26.5g/t Au • CYUG646 - 0.3m @ 178.0g/t Au • CYUG646 - 0.5m @ 33.6g/t Au • CYUG361 - 4.2m @ 8.0g/t Au • CYUG361 - 0.3m @ 75.0g/t Au
Visible Gold logged in - CYUG1020 and CYUG1021
(Results Pending)
Previously announced significant results include:
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CYUG645 - 2.5m @ 45.5 g/t Au including 0.5m @ 184.5g/t Au
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• CYUG359 - 0.8m @ 154.9 g/t Au
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CYDD211B - 6.1m @ 87.4g/t Au including 2.5m @ 175.1g/t Au
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CYDD211B - 0.3m @ 367.6g/t Au
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CYDD208 - 2.0m @ 81.7g/t Au
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CYDD206 - 2.2m @ 22.7g/t Au
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4.2m @ 9.8g/t Au including 1.5m @ 23.7g/t Au
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CYDD206
Reported 11 March 2013 Reported 19 February 2013 Reported 17 January 2013 Reported 17 January 2013 Reported 17 January 2013 Reported 3 December 2012 Reported 3 December 2012
Peter Cordin
Acting Chief Executive Officer
Competent Person’s Statement
The information in this report that relates to Mineral Resource Estimation, Geological Data and Exploration Results is based on information compiled by Mr Michael Thomson, a full time employee and Principal Geologist of Tanami Gold NL. Mr Thomson is a member of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined in the December 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr Thomson consents to the inclusion in this report of the matters based on his information in the form and context in which they appear.
This announcement contains certain statements which constitute “forward looking statements”. Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance achievements to differ materially from those expressed, implied or projected in any forwardlooking statement. No representation or warranty, expressed or implied, is made by Tanami Gold NL that material contained in this announcement will be achieved or proved correct.
1 The potential quantity and grade of the exploration targets outlined are conceptual in nature. There has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.
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22 March 2013
Figure 1: Kavanagh 74875E Oblique Schematic Cross Section
==> picture [505 x 338] intentionally omitted <==
Figure 2: Coyote Schematic Geology Plan
==> picture [543 x 291] intentionally omitted <==
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22 March 2013
Table 1: Significant Intersections from Kavanagh Exploration Target Area Drilling at Coyote Gold Mine
| Collar Easting |
Collar Northing |
Collar RL |
Collar Dip |
Collar Azimuth |
Max Depth |
Metres From |
Metres To |
Interval Width |
Gram Metre |
|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Target | Hole ID | Grade | ||||||||||
| Kavanagh | CYUG356 | 482127 | 7799758 | 3099 | -39 | 13 | 231 | 166.1 | 167.4 | 1.3 | 38.4 | 50 |
| 297.4 | 298.1 | 0.7 | 21.2 | 15 | ||||||||
| 377.9 | 380.1 | 2.2 | 22.7 | 49 | ||||||||
| 403 | 407.2 | 4.2 | 9.8 | 41 | ||||||||
| Inc 405.7 |
||||||||||||
| 407.2 | 1.5 | 23.7 | 36 | |||||||||
| Kavanagh | CYDD206 | 482601 | 7799667 | 3392 | -50.5 | 360 | 475 | |||||
| 411 | 413 | 2 | 5.6 | 11 | ||||||||
| 426 | 426.3 | 0.3 | 10.9 | 3 | ||||||||
| 438.9 | 439.9 | 1 | 4 | 4 | ||||||||
| 467.3 | 467.6 | 0.3 | 1.8 | 1 | ||||||||
| Kavanagh | CYDD208 | 482467 | 7799501 | 3392 | -58 | 360 | 568 | 516 | 518 | 2 | 81.7 | 164 |
| 403.3 | 409.4 | 6.1 | 87.4 | 533 | ||||||||
| inc 403.3 |
||||||||||||
| 405.8 | 2.5 | 175.1 | 438 | |||||||||
| inc 406.8 |
||||||||||||
| 409.4 | 2.6 | 36.6 | 95 | |||||||||
| Kavanagh | CYDD211B | 482469 | 7800017 | 3392 | -51 | 176 | 538 | |||||
| 415.3 | 418.3 | 3 | 3.9 | 12 | ||||||||
| 423.5 | 423.8 | 0.3 | 367.6 | 117 | ||||||||
| 443.5 | 444 | 0.5 | 16.5 | 8 | ||||||||
| Kavanagh | CYDD211C | 482603 | 7800180 | 3411 | -50 | 164 | 514 | 415 | 418 | 3 | 15.4 | 46 |
| 217.6 | 218.6 | 1 | 33.1 | 33 | ||||||||
| Kavanagh | CYUG359 | 482363 | 7799751 | 3164 | -22.5 | 43.5 | 300 | 249.3 | 252.8 | 3.5 | 6.4 | 22 |
| 277.5 | 278.3 | 0.8 | 154.9 | 124 | ||||||||
| Kavanah | CYUG0645 | 482492 | 7799743 | 3212 | -40 | 25 | 300 | 244.0 | 248.2 | 2.5 | 45.5 | 114 |
| g | inc 244 | 244.5 | 0.5 | 184.5 | 92 | |||||||
| Kavanah | CYUG1016 | 482392 | 7799738 | 3263 | -57 | 45 | 378 | 248.2 | 248.7 | 0.5 | 27.6 | 14 |
| g | 263.5 | 268.3 | 4.8 | 6.8 | 32.6* | |||||||
| Kavanagh | CYUG0646 | 482358 | 7799577 | 212 | -45 | 25.5 | 323.9 | 271.0 | 271.4 | 0.3 | 178.0 | 53 |
| 275.0 | 275.5 | 0.5 | 33.6 | 17 | ||||||||
| Kavanagh | CYUG373 | 482299 | 7799552 | 166 | -30 | 16 | 239 | 197.9 | 199.7 | 1.8 | 124.0 | 223 |
| 208.0 | 208.5 | 0.5 | 26.5 | 13 | ||||||||
| Kavanagh | CYUG361 | 482230 | 7799585 | 164 | -26 | 25 | 217 | 174.4 | 174.7 | 0.3 | 75.0 | 23 |
| 186.9 | 191.1 | 4.2 | 8.0 | 34 | ||||||||
| Kavanagh | CYUG362 | 482258 | 7799572 | 263 | -52 | 3 | 321 | 247.0 | 249.5 | 2.4 | 216.9 | 521 |
Notes to accompany Table 1
-
Collar Northing, Easting and Azimuth are all in MGA Grid coordinates. Collar RL is relative to AHD. Collar coordinates may vary upon final survey.
-
Analyses by 50g fire assay with AAS finish of half diamond core samples.
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No cutting of grades has been applied. Assays are rounded to nearest 0.1g/t.
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Significant intersections are greater than 1.0g/t with maximum 2 metres internal dilution.
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Intervals are all down hole length.
-
Shaded drillholes have been previously reported
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- This intercept was previously reported as 2 separate intercepts on the 11 March 2013 but have now been grouped into the one with an update of the mineralisation interpretation
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