Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Tambourah Metals Ltd ( (AU:TMB) ) just unveiled an announcement.
Tambourah Metals has reported initial aircore drilling results from the T1 gold-in-soil anomaly at its Beatty Park South prospect within the Bryah Gold Project, which returned scattered low-level gold mineralisation across a 330-metre north-west trend. The drilling confirmed altered ultramafic rocks with quartz veining and local sulphide alteration, and one notable intercept of 4 metres at 1.46 grams per tonne gold from 24 metres suggests potential for an underlying gold system.
The company has secured a A$180,000 exploration incentive scheme co-funding grant to support a 1,500-metre reverse circulation and diamond drilling campaign at Beatty Park South. Planning and approvals are underway for this program as well as first-pass drilling at the T2 anomaly and RC drilling at Baxter’s near the 250,000-ounce Harmony mine, marking a significant step in advancing Tambourah’s gold exploration portfolio in the Bryah region.
More about Tambourah Metals Ltd
Tambourah Metals Ltd is an Australian exploration company focused on gold projects in Western Australia. The company’s Bryah Gold Project, covering 467 square kilometres north of Meekatharra, targets gold-in-soil anomalies and prospective ultramafic lithologies within the Narracoota Formation.
Average Trading Volume: 566,244
Technical Sentiment Signal: Sell
Current Market Cap: A$11.83M
Find detailed analytics on TMB stock on TipRanks’ Stock Analysis page.