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Tanami Gold NL
Summary
| Project: | Central Tanami | |
|---|---|---|
| Deposit: | Central Tanami | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-8-2018: Tanami Gold NL announces an Exploration/Drilling Update report for its Central Tanami deposit at the Central Tanami project. Drilling results incl. 17.0m @ 6.03g/t Au from 17m. In accordance with the joint venture agreement (“JV”), Northern Sta | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Micheal Mulroney (Northern Star Resources Ltd.) | |
| ABSTRACT: | In accordance with the joint venture agreement (“JV”), Northern Star Resources Limited (“NST”) is required to sole fund all JV related expenditure until Commercial Production has been achieved, which is defined as the date on which the process plant at the Central Tanami Project (“CTP”) has been refurbished to operating condition and has operated for a continuous 30-day period or has produced 5,000 ounces of gold ore (whichever occurs first). NST has informed the Company of the following results from NST’s recently completed RC and diamond drilling programs within the CTP mill site area. A total of 23 holes were drilled for 3,196 meters targeting the down-plunge extensions to the southern end of the existing Hurricane-Repulse system, with extensive zones of alteration and sulphide mineralisation noted in the chips and core samples during logging. | |
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