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news drilling update, page-92

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    This from today's announcement:
    Progress on the current drill campaign at Tennant Creek is a key element of Excalibur’s overall strategy for
    FY2010 to fast-track the clear delineation of the company’s highly prospective gold projects. The drilling
    program was intended to assess the specific assets contained within the Tennant Creek portfolio with a
    view to developing separate business cases to be independently defined and progressed as appropriate.
    The assets include:
    1. Tailings from previous mining at Nobles Nob
    2. Multiple near surface open pit-able resources around Nobles Nob
    3. Juno gold resource and Juno copper resource
    4. M10 gold resource (situated some 200m vertically below Juno)

    The text below is from Announcement of 16th July
    16th July 2009
    Further to our previous announcement, Excalibur Mining Corporation Limited (ASX: EXM) provides
    additional information on the planned drilling to be undertaken on Tennant Creek Project over the next
    2 months.
    The program is comprised of three parts:
    1. Preliminary drilling at Juno to test limits of previous stoping, remnant mineralization and the
    possibility of stope fill material. This should provide additional information prior to commencing
    reserve drilling.
    2. drilling of the shallows resources at Rising Sun, Weaber’s Find, and Nobles Nob with the aim to
    upgrade them from the inferred category to a measured and/or indicated resource; and,
    3. Testing of the tailings from the previous mining at Nobles Nob.
 
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