Tambourah Metals Ltd (ASX: TMB) plans to list on the ASX have been well received. TMB is raising up to $8m and it has a portfolio of Ni-PGE & Gold exploration projects in Julimar Nth and the Pilbara regions in WA.
In the Pilbara, where the historical old Goldfields have rewarded Pilbara gold explorers and miners recently including Calidus Resources at the Warrawoona Goldfield, Novo Resources at Nullagine and De Grey Mining at Malina/Hemi Gold Projects. The first program planned to develop will be the Tambourah Gold Project, which was first mined in the 1890’s.
The Chalice Mining Julimar story has attracted several Ni-PGE and Au-Cu explorers who have applied the same geophysical expertise to determine drill targets and locate the deeper Ni-PGEs at depth.
Tambourah Metals has a large land holding within the Julimar/Jimperding region and they have a full program of exploration and development as outlined in the Prospectus.
In the Pilbara, the search for gold has ramped up industry activities over the last 12 months. With news of 9 million ounce gold resource at Hemi and Mallina by De Grey Mining. The drill results at historic Tambourah Gold Field (located 70 km SE of Marble Bar) will be the focus of the first drilling campaign for TMB in the next quarter.
Executive Chairperson Rita Brooks said “With an experienced Board the company has a strong management team to deliver the Gold & Ni-PGE exploration in WA. We will now have the resources to take the next step to evaluate the gold and Ni-PGE projects in WA."
Tambourah Gold Project
Several gold mines within the historic goldfield area, which have not been explored for over 30 years. Historical and recent exploration confirms gold mineralisation at Tambourah.
Drilling highlights include:
▪ 2m @ 5.10g/t Au from 22m, Incl 1m @ 9.95g/t Au from 22 m
▪ 5m @ 3.80g/t Au from 15m, Incl 1m @ 17.00g/t Au from 15 m
▪ 2m @ 5.20g/t Au from 27m
▪ 3m @ 9.10g/t Au Incl. 1m @ 26.3g/t Au
▪ 10m @ 10.80g/t Au Incl. 8m @ 13.0g/t Au
▪ 10m @ 5.15g/t Au from 37m, Incl. 3m @ 5.00g/t Au from 39m
*drilling information from WAMEX annual reports.
Cheela Gold Project
Cheela is located in the same region as the +1.6Moz Mt Olympus and the +0.9Moz Paulsen's Gold Projects, which is on the major structural corridor of the Nanjilgardy fault system.
Significant gold mineralisation identified from previous exploration. Results include:
▪ 16m @ 4.75g/t Au from 88m Incl. 8m @ 8.60g/t Au from 88m.
▪ 12m @ 3.85g/t Au from 34m Incl 6m @ 6.4g/t Au from 35m.
▪ Multiple drilling targets have been identified.
▪ Shallow gold targets are open all directions within this major
structural corridor.
*drilling information from WAMEX annual reports.
A highlight of the Offer is the large land holding in the Julimar Nth Region, where Chalice has identified a Tier 1 Ni-PGE deposit.
Tambourah have acquired exploration areas in order to search for Nickel and Platinum group metals in the regional area which hosts a number of newly identified projects consolidated by:
- Caspin Resources
- Mandrake Resources
- Pursuit Minerals
- Chalice Gold Mines
- Liontown Ltd
Tambourah have acquired a large exploration portfolio in the region to search for Ni-PGE using the same exploration program including acquisition of geophysical data, RC sampling & EM surveys drill program.
Julimar North Ni-PGE Project
▪ Exploration will commence shortly after listing.
▪ Ni-PGE projects at Julimar North and Achilles.
▪ The Julimar North Project is located approximately 20km south of New Norcia, 75km Northeast of Perth, WA.
▪ Bolgart East is adjacent to Pursuit Warrior project (PUR).
▪ Recent announcements by Caspin Resource Ltd (CPN) at Yarawindah Brook have confirmed that the Julimar complex is a new Ni-PGE, Au-Cu Tier-1 discovery.
▪ TMB projects are located north of Chalice’s Julimar discovery approx. and 6km NW from Caspin Resource Ltd (CPN).
▪ Tolarno is located east of Mandrake resource Jimperding Project.
Details of the company offer are on the website and to keep up to date with the latest news on TMB subscribe to the newsletter.
