Tambourah Metals Ltd (ASX: TMB) is about to kick off a program of aircore drilling at its Cheela gold project in Western Australia, which has lain untouched since 2011, despite a history of high-grade results under exploration by Newcrest Mining and Northern Star.
Located 70 kilometres northwest of Paraburdoo in the state’s Ashburton region, Cheela sits along the Nanjilgardy Fault, a system which is believed to provide a structural conduit for the Paulsens and Mt Olympus gold deposits (holding more than one million ounces of gold), as well as the Electric Dingo deposit (which holds 22,000 ounces of gold).
The latter is also five kilometres southeast along strike from Cheela.
However, it is the historic results picked up by former owners Newcrest and Northern Star which provide the most exciting guidance for upcoming drilling work, with these including 16 metres at 4.75 grams per tonne from 88 metres, including 8 metres at 8.59 grams per tonne from 88 metres (reported by Newcrest); and 11 metres at 4.17 grams per tonne from 34 metres, including 4 metres at 8.42 grams per tonne from 36m (reported by Northern Star).
Tambourah will seek to confirm and extend the intersections through its aircore work, which should take up to two weeks for completion.
The drilling program is designed to confirm and extend these historic drill intersections and is expected to begin on April 21, and run for two weeks.
Tambourah has been trading at 6.7c.