Tanami Gold (ASX:TAM) has announced analytical results have been received for all 15 reverse circulation drill holes completed at the Ripcord gold deposit, during the 2022 field season on the central Tanami project joint venture.
Tanami Gold says results from Ripcord have returned a series of significant intercepts above 0.5 g/t gold, including 7m @ 3.21 g/t gold, 14m @ 1.81 g/t gold and 4m @ 3.79 g/t gold, confirming the presence of gold mineralisation.
It also says final results remain pending for 12 holes drilled at Jims and Groundrush during the 2022 field season, and drilling is scheduled to resume in the 2023 field season at Ripcord and Groundrush immediately after the wet season.
Following the announcement, shares of Tanami Gold were up 10%.