Tambourah Metals Reveals Promising Gold Mineralisation Results

Gold Mineralisation Confirmed with High-Grade Results

Tambourah Metals (ASX:TMB) has announced compelling results from its recent RC drilling program at the Tambourah King lode system, confirming significant gold mineralisation that now extends over a strike distance of 200 meters. The drilling successfully intercepted a consistent 10-meter wide structure hosting elevated gold that remains open to the north and south, presenting considerable exploration upside.

The company reported several high-grade intersections, including:

• 3m @ 2.99g/t Au from 36m and 2m @ 3.68g/t Au from 47m in TBRC25013
• 3m @ 2.93g/t Au from 73m in TBRC25006A
• 5m @ 1.35g/t Au from 92m in TBRC25001
• 2m @ 1.25g/t Au from 93m and 5m @ 1.46g/t Au from 100m in TBRC25003

These results build on previous high-grade intercepts at Tambourah King, including 2.65m @ 32.3g/t Au (including 1.05m at 77g/t Au) from earlier drilling campaigns, confirming the potential of this promising gold system.

The Tambourah Gold Project: An Emerging Gold Play

The Tambourah Gold Project, located 85km southwest of Marble Bar in Western Australia, comprises a series of shallow workings developed on north-south oriented quartz lodes extending over 3km of strike. Tambourah King is just one of 20 prospects identified within the historic Tambourah Goldfield.

The recent RC drilling program included 11 holes for a total of 879m, targeting extensions to the gold mineralisation by Tambourah Metals Ltd. All holes successfully intersected the targeted structure, which strikes north-south and dips steeply to the east, with consistently elevated gold associated with sulphides and quartz veining.

Understanding Quartz Lode Gold Systems

Quartz lode gold deposits are a common form of gold mineralisation in Archaean terrains like the Pilbara. These systems typically form when gold-bearing hydrothermal fluids migrate through structural pathways (faults and shear zones) and precipitate gold and associated minerals within quartz veins.

For investors, quartz lode systems are attractive exploration targets because they:

1. Often contain high-grade gold concentrations that can be economically viable even at modest scales
2. Typically have good depth continuity, allowing for potential resource growth beyond initial discoveries
3. Generally have predictable geometry, making them relatively straightforward to model and explore

At Tambourah King, the consistent north-south striking and steeply east-dipping structure hosting gold mineralisation fits the classic model of an Archaean quartz lode system, suggesting potential for both lateral and depth extensions with further drilling. Furthermore, understanding the geology of ore deposits is essential for evaluating the long-term potential of projects like Tambourah.

Next Steps: Exploring Multiple Growth Avenues

Tambourah Metals is advancing its exploration efforts on multiple fronts:

1. Expanding Known Mineralisation: Preparations are underway for additional drilling to extend the Tambourah King gold structure, which remains open to the north and south.

2. Testing New Targets: The company has completed geological mapping and geochemical sampling over multiple gold prospects within the project area. The Alexandria and Young Australian prospects, located 200-350m southeast of Tambourah King, have not been drilled and represent significant exploration upside.

3. Government Co-Funded Drilling: Tambourah has secured up to £180,000 in WA government co-funding under the Round 30 EIS drilling grant to test priority gold targets, with drilling scheduled to commence in Q2.

4. Resource Definition: The company is preparing for the next phase of drilling with the goal of establishing a preliminary inferred gold resource at Tambourah King.

Executive Chairperson Rita Brooks commented, "We're pleased with these results that have continued to identify extensions to the Tambourah King gold mineralisation. We are now preparing the next part of the drill program to confirm and model a preliminary inferred gold resource."

Investment Potential: Why Tambourah Metals Deserves Attention

Tambourah Metals presents a compelling investment case for several reasons:

1. High-Grade Gold Intercepts: The company has consistently demonstrated high-grade gold mineralisation, with intercepts up to 77g/t Au in previous drilling and numerous multi-gram intercepts in the current program.

2. Expanding Footprint: Gold mineralisation by Tambourah Metals Ltd at Tambourah King now extends over 200m of strike and remains open, suggesting significant growth potential.

3. Multiple Exploration Targets: With 20 prospects across the historic Tambourah Goldfield, the company has a pipeline of targets to systematically explore.

4. Government Support: The £180,000 EIS drilling grant validates the project's technical merit and provides non-dilutive funding for upcoming exploration.

5. Clear Path Forward: The company has articulated a plan to establish a preliminary resource, providing investors with a tangible milestone to track.

6. Diversified Portfolio: Beyond the Tambourah Gold Project, the company is exploring for Gold and Critical Minerals at the Shaw River-Haystack Well projects, Gold at the Cheela project in the Pilbara, and has additional critical mineral projects in the Pilbara, gold projects in the Murchison, and an earn-in agreement with major Chilean lithium developer SQM at Julimar Nth.

For investors seeking exposure to high-grade gold exploration in a tier-one jurisdiction, Tambourah Metals offers a compelling opportunity with multiple paths to value creation. In fact, applying timeless investing rules for success can help evaluate the potential of such opportunities in the resources sector.

Key Takeaway

Tambourah Metals has positioned itself as an emerging gold explorer in Western Australia with significant upside potential through its expanding Tambourah King gold discovery and multiple untested targets. Recent trends in the gold market suggest continued strong demand for the precious metal, which could benefit junior explorers with promising assets.

The gold mineralisation by Tambourah Metals Ltd at Tambourah King represents just one of many targets within the company's portfolio, providing multiple opportunities for resource discovery and growth. The consistent structure width of approximately 10 meters and the high-grade nature of the intersections suggest a robust mineralised system with the potential to support future resource development.

Investors should also note that the broader sector has seen increased consolidation activity, as evidenced by the recent significant gold acquisition by Northern Star, highlighting the appetite for quality gold assets in Western Australia. Additionally, while Tambourah's primary focus is gold, the company's diversified portfolio includes exploring key copper mines and other critical minerals that provide additional potential value drivers.

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