Tanami Gold NL announced that following the resumption of drilling on the Central Tanami Project Joint Venture (CTPJV) in May 2022, 43 drill holes have been completed on the project area for an advance of 10,046.10 metres, prior to the cessation of drilling activities for the 2022 field season in early October. Drilling has been undertaken by both diamond core (DDH) and reverse circulation (RC) drilling methods, in a series of campaigns that were directed at the Jims Gold Deposit (Jims), Western Dolerite Prospect (Western Dolerite), Groundrush Gold Deposit (Groundrush) and the Ripcord Gold Deposit (Ripcord). In addition, 12 further RC pre-collars had been completed at Groundrush for 2,708 metres in preparation for completion of the holes by DDH methods.

Results have been received to date for 14 of the 43 holes completed, yielding a series of significant intercepts above 0.5 g/t gold, including the promising 6.00 metres @ 3.31 g/t gold, 8.00 metres @ 2.13 g/t gold and 6.00 metres @ 2.60 g/t gold from the Western Dolerite area. Results from the remaining 29 holes are expected to be received in the coming months. The CTPJV is a 50/50 Joint Venture between Tanami Gold and ASX listed Northern Star Resources Limited (Northern Star), which was established to advance exploration on the 2,211km2 tenement area in the Tanami Region held by the CTPJV.

The tenement area encompasses highly prospective, underexplored geological sequences, in an area that is known to be well endowed with gold mineralisation. The objective of the CTPJV is to develop and mine the Groundrush gold deposit, and any other gold deposits delineated within the CTPJV tenements at the earliest time, commensurate with good mining practice and utilising mining infrastructure already in place on the project area. A campaign of DDH was completed at Jims in June, with 7 DDH holes (NJDD001 to NJDD007) drilled for a total of 2,677.1 metres.

The campaign was designed to follow-up drill results received from a 2018 DDH campaign directed at the Jims Main deposit. The drilling was also designed to provide additional structural and lithological information to allow updating of the working geologic model for the Jims area. Results have been received to date for 2 of the 7 holes completed in this campaign, yielding a series of lower grade intercepts.

Results are pending for 5 holes. Jims is located on Mineral Lease (Southern) MLS168, approximately 23 kilometres southwest of the Central Tanami Mill site. Mining at Jims was previously carried out during the mid-1990's, with open pits established over the Main and Central deposits.

The Jims gold deposits are located mostly on the north-eastern side of an interpreted north-northwest trending regional fault, with mineralisation hosted by pillow and undifferentiated basalt, intercalated with minor sediments. The mineralised trend at Jims Main strikes north-south, dipping moderately to steeply west in the upper extent but changes to a steep to east dipping below the 320m RL. The main ore zone has a true thickness of 15 to 25 metres but has areas up to 60 metres thick.

The strike length of the Jims Main mineralisation is of the order of 300 metres and mineralisation has been interpreted down to 250 metres below the surface. The mineralisation at Jims Central appears to be the northern strike extension of the Jims Main mineralisation. The mineralisation has a strike of about 200 metres and is 2 to several metres thick and has been interpreted to a depth of 150 metres below the surface.

Jims West is adjacent to the current waste dump and occurs close to the north-northwest striking regional fault. Mineralisation is striking about north-south and dips approximately 45 degrees west. The strike length of Jims West is of the order of 150 metres with true thickness between 1 - 7 metres and individual lenses have been interpreted up to 120 metres down dip.

The Jims West area has previously not been mined. A 14 hole campaign of RC drilling was completed at the Western Dolerite in July for a total advance of 2,246.0 metres. The campaign was designed to infill an area of known mineralisation and has successfully confirmed the steeply, southwest dipping geometry of the Western Dolerite unit, intersecting multiple intervals of quartz-sulphide veining.

Results have been received for 12 of the 14 holes drilled, returning a number of promising intercepts including 6.00 metres @ 3.31 g/t gold, 8.00 metres @ 2.13 g/t gold and 6.00 metres @ 2.60 g/t gold. Results are pending for two holes.