Monday, March 29, 2010

Tanami Gold (ASE:TAM) Starting 'Tanami Desert' Project in 2010

Tanami Gold Project to Produce 200,000 ounces a year

Tanami Gold (ASE:TAM) is looking to start its Tanami Desert project it acquired from Newmont Mining sometime in 2011.

Based in Western Australia, Tanami says it is in the last leg of determining whether it will be an underground or open pit mine, or possibly both.

By 2012 Tanami will be producing about 200,000 ounces of gold a year, according to managing director Graeme Sloan.

Sloan added at that time Tanami should be propelled up among the top of the mid-tier gold mining companies in Australia.

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