Tambourah chases gold veins and mineralisation extension with drilling

The Market Herald
25 Nov 2024

Tambourah Metals Ltd (ASX:TMB) has intersepted two strongly mineralised quartz-sulphide veins hosting high-grade gold in just one hole of its maiden diamond drilling program at its namesake project in Western Australia’s Pilbara region.

The high-grade veins – which are set around a continuous low-grade zone at the Tambourah King prospect – were intercepted at depths of 58.35 metres and 69.64 metres respectively.

From the one hole (TBDD001), results included 2.65 metres at 32.4 grams per tonne (g/t) of gold from 58.35 metres, including 1 metre at 77.4g/t from 59.05 metres; and 2.26 metres at 7.94 g/t from 70.65 metres.

Particularly pleasing for the company is the fact that TBDD001 is twinned with TBRC026, a historic hole which yielded intercepts such as 2 metres at 18g/t of gold from 55 metres; and 5 metres at 6.1 g/t of gold from 69 metres.

Last year, Tambourah conducted a reverse circulation (RC) drilling campaign at Tambourah King, and the recent diamond drilling is targeting extensions to the high-grade mineralisation intersected during this program.

The 2023 drilling discovered a mineralised lode over a strike of around 150 metres.

Tambourah shares have been higher today, and at 16:48 AEDT, they were trading at 3 cents – a rise of 3.45% since the market opened.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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