Tambourah Metals strikes high-grade gold at Duke prospect in northern WA
Tambourah Metals’ (ASX:TMB) aggressive exploration campaign in the remote north of Western Australia continues to reap rewards, with the company successfully obtaining high-grade gold samples from its Duke prospect.
Duke is part of the company’s Tambourah gold project, located 100 kilometres south-west of Marble Bar and just 650m from the World’s Fair prospect, where Tambourah undertook new exploration work in September.
In a follow-up to recent exploration successes at the company’s flagship project, the company has collected gold-in-rock chips with assays of up to 26.8 grams per tonne over 260m of strike.
Elevated gold samples
Notably, the first-pass sampling yielded consistently elevated gold over an area with no previous drilling, highlighting the potential to significantly extend the previously mapped and drilled gold mineralisation at Tambourah.
“World’s Fair has gold associated with the granite contact that has not previously been observed at Tambourah [and] this discovery opens up the potential for further mineralisation along the length of the contact zone,” executive chair Rita Brooks said.
“Furthermore, identifying gold to the west and parallel to World’s Fair shows the potential for multiple targets east and west of the main target area drilled in August 2024.”
Parallel workings
The new sampling campaign has confirmed that historic Duke workings extend for 160m in a north-south direction parallel to the dominant trend of mineralisation at Tambourah.
Rock samples were collected from dumps adjacent to the workings, with the latest work returning gold ranging from 3.7g/t to 26.8g/t.
The company is already planning follow-up of the promising early exploration results with a surface electromagnetic survey in the coming quarter to identify potential drill targets.
DD program completed
Meanwhile, Tambourah is now waiting on the results of its maiden 700m diamond drilling (DD) campaign completed in September at the World’s Fair, Tambourah King and Federal gold prospects.
The program was designed to identify different styles of gold mineralisation in the northern section of the Tambourah goldfield, which consists of over 20 individual workings that reported historic high-grade production but have had little systematic drilling.
The company’s current focus is the exploration of high-grade gold along strike and parallel to these workings, using prospecting and recently acquired structural and geological data from completed drilling programs.
New CEO named
In further news, Tambourah has named veteran mining executive Maurice (Nick) Matich as its new chief executive officer.
Mr Matich brings 17 years of executive experience to his new role.
Executive chair Rita Brooks said Mr Matich’s experience in identifying new opportunities will be an asset for the company as it progresses its Pilbara assets.
“Additionally, Nic will work with the exploration team as manager to implement the proposed drill programs. Mr Matich will further assist the company as we develop our other exploration projects in Western Australia.”
At the same time, director Wayne Richards has handed in his resignation.
“I would also like to thank Wayne for his contribution as a non-executive director of the company,” Ms Brooks added.