Tanami Gold NL announced significant results from the recent drilling at the Central Tanami Project in its JV with Northern Star Resources (Northern Star). RC Drilling at both Ripcord and Supplejack (Crusade) returned numerous significant intersections. Further assay results are still pending.

Ripcord: RIRC0005 - 2m @ 1.64 g/t Au from 135m, and 4m @ 2.54 g/t Au from 150m. RIRC0013 - 3m @ 1.50 g/t Au from 89m, and 5m @ 18.53 g/t Au from 143m. Supplejack (Crusade): SJRC0002 - 4m @ 3.03 g/t Au from 24m, 4m @ 1.72 g/t Au from 32m.

SJRC0004 - 7m @ 1.82 g/t Au from 183m, and 22m @ 1.07 g/t Au from 194m. SJRC0005 - 47m @ 3.66 g/t Au from 82m. SJRC0006 - 20m @ 1.92 g/t Au from 62m, 18m @ 2.76 g/t Au from 86m, 12m @ 4.15 g/t Au from 109m, and 17m @ 3.63 g/t Au from 124m.

The Central Tanami Project is part of an ongoing JV with Northern Star (Tanami 60%; Northern Star 40%) in which Northern Star can earn a 75% interest by bringing the Central Tanami Project into commercial production. The exact terms and conditions of the JV Agreement have previously been announced. Reverse Circulation Drilling at Ripcord; At Ripcord, gold mineralisation is interpreted to be hosted within the Ripcord Dolerite, which is interpreted as either the southern extension, or coeval intrusion, of the Groundrush Dolerite.

Gold mineralisation is hosted within stacked quartz vein arrays, similar to that of the Groundrush deposit. The existing Ripcord resource has a significant component of supergene mineralisation, with most of the primary mineralisation intersections being too widely spaced for inclusion in the current resource model. An RC drilling program was undertaken at Ripcord to test both the mineralisation potential at depth and possible extensions along strike.

A total of 12 RC drill holes for 3,887m were completed. Geological logging revealed zones of quartz veining with associated sulphides, notably pyrite and trace arsenopyrite, within both the Ripcord Dolerite and adjacent hanging wall sediments. Partial assay results received show most significant intersections are focussed in the northern extension of the deposit contrary to the current model of mineralisation plunging to the south.

Significant intersections received to date include 5m at 18.53g/t Au from 143m in RIRC0013 and 4m at 2.54g/t Au from 150m in RIRC0005. The intersection in RIRC0013 represents an extension of approximately 220m along strike to the northwest from the current resource envelope. The intersections in both RIRC0013 and RIRC0005 are of interest as both are hosted within greywacke sediments in the hanging wall to the Ripcord Dolerite.

Whilst high grade gold mineralisation has been noted in hanging wall sediments at Groundrush previously, this is the first indication of similar mineralisation at Ripcord. It's likely a flexure in the Ripcord dolerite has generated greater compressional force in the sediments in this area, resulting in ramping against the dolerite hanging wall contact creating zones of dilation along bedding horizons. Reverse Circulation Drilling at Suplejack (Crusade); The Suplejack area is located approximately 120 kilometres north of the Central Tanami mill site and is host to the Crusade deposit.

The Crusade deposit is hosted along the north-south oriented contact between basalt and dacite sequences within the area of the Suplejack Fault corridor. Gold mineralisation is hosted specifically within stacked quartz vein arrays, like that of the Groundrush deposit, however some disseminated sulphide mineralisation has been observed within the eastern basalt unit. The Crusade deposit has a current resource of 1,414,709 tonnes at 2.6 g/t Au for 119,114oz with no additional work completed since the previous Tanami Mineral Resource estimation in 2011.

Recent surface geological mapping and geochemical sampling confirmed the existing extent of the Crusade mineralisation and an RC drill program to test the down-dip and along strike mineralisation potential of the deposit was completed during the quarter. A total of 16 RC holes for 3,239m was completed at the Crusade deposit targeting extensions of the current resource envelope and validation of historic drilling by twinning a hole containing significant mineralisation. Single metre re-splits of composite mineralised samples have been submitted for re-assay and a full review of the Crusade mineralisation will be undertaken once all results have been received.

Several petrology samples have also been collected and metallurgical samples will be collected for recovery testing.