Annual report for MLS 153 Tanami Gold Mine

Abstract

Drilling at the Southern Prospect defined low grade gold mineralisation below the current pit floor. Several sub parallel easterly dipping lodes were delineated, extending to at least 90m depth. A resource estimate for Southern is calculated at 346000t at 1.9 g-t Au. Work at the Miracle Prospect defined a resource of some 454000t at 1.7 g-t Au. Hurricane South is a strike extension to the Hurricane Repulse Pit. Lodes are generally narrow and low grade and an estimate of 113000t at 2.2 g-t Au was determined. RAB drilling in the south of the lease returned a number of highly anomalous gold values at a shallow depth.