- Tanami Gold (TAM) recommences drilling at the Central Tanami project joint venture near Alice Springs
- The joint venture with Northern Star (NST) will consist of 2560 metres of diamond drilling at the Jims gold deposit
- The drill campaign is aiming to test areas of historical high-grade intercepts, which only tested near surface zones of gold mineralisation
- Shares are trading 5.45 per cent higher at 5.8 cents each
Tanami Gold (TAM) has recommenced drilling at the Central Tanami project joint venture near Alice Springs.
The joint venture with Northern Star (NST) is working on 2560 metres of diamond drilling at the Jims gold deposit.
The deposit is located about 30 kilometres from the Central Tanami Site and is a relatively shallow gold deposit previously mined in 2001.
The drill campaign is aiming to test areas of historical high-grade intercepts, which only tested near surface zones of gold mineralisation.
“The company is looking forward to the outcome of the Jims drilling program that has just commenced now that heavy rains and COVID constraints have passed,” Chairman Arthur Dew said.
“The Joint Venture partners are also finalising plans for the FY23 drill program, which should see drilling activity continuing for the remainder of the 2022 field season.”
Shares were trading 5.45 per cent higher at 5.8 cents each at market close.