Fourth annual report for EL 23655 Lander Reynolds Range Project for year ending 11 June 2007

Abstract

Tanami Gold NL identified the potential for quartz-vein-hosted gold mineralisation in the Proterozoic basement rocks of the Reynolds Range area. EL 23655 was granted to Select Resources Pty Ltd (Select) on 12 June 2003 and is being explored by Tanami Exploration NL (TENL), a wholly owned subsidiary of Tanami Gold NL (TGNL), a publicly listed company as part of their Reynolds Range Project under a Joint Venture Agreement with Select. The tenements of the Reynolds Range Project lie in Central Australia centred approximately 225 kilometres north-northwest of Alice Springs. They are situated in the central part of the Aileron Province of the Arunta Region and are covered by the Mount Peake, Napperby, Mount Doreen and Mount Theo 1:250,000 Geological Sheets. Exploration continued in the fourth year of tenure from the previous year with RAB / aircore drilling west of Bowness, slimline RC drilling at Bowness, lag sampling at the Red Hackle Dam anomaly and resampling and petrography from the Black Knight diamond hole BKD003.