TAM 3.45% 3.0¢ tanami gold nl

This wont hurt the cause, 9 page doco but key points:8 June...

  1. Zia
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    This wont hurt the cause, 9 page doco but key points:

    8 June 2011

    TANAMI LIFTS GOLD RESOURCES TO 2.3Moz AND UNVEILS A 400,000oz ORE RESERVE

    17% JUMP IN GOLD RESOURCES AT CENTRAL TANAMI PROJECT AND KEY EXECUTIVE APPOINTMENT PAVES THE WAY FOR INCREASED PRODUCTION

    Key Points:

    *Company-wide Measured, Indicated and Inferred Mineral Resources increase further to 24.0Mt @ 3.0g/t Au for 2.30Moz of contained gold, a 12% increase.

    *New 402,200oz Mineral Reserve completed for the Company's Western and Central Tanami Operations.

    *17% increase in Mineral Resources for the Central Tanami Project with updated Measured, Indicated and Inferred Mineral Resources totalling 1.75Mozs or 20.9Mt @ 2.6g/t Au of which 1.3Moz, or approximately 75%, classified as Measured or Indicated.

    *Resource upgrade and maiden Mineral Reserve for the Central Tanami Project will underpin the Feasibility Study aimed at commencing gold production by mid-2012.

    *The flagship Groundrush deposit at Central Tanami delivers a Mineral Resource of 203,000oz and a Mineral Reserve of 48,400oz. The Groundrush mineralisation remains open at depth and in both directions along strike.

    *Significant potential for additional Reserves and Resources growth, especially at Groundrush, with only 2 of 13 holes drilled to date included within the latest Reserves and Resources.

    *Experienced mining engineer, Mr Don Harper, appointed as Tanami Gold's new Chief Operating Officer, to oversee the Company's target to lift production from Western Tanami and commence production at the Central Tanami Project by mid-2012.
 
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