Ann: Talisman Acquires 80% of Rahu from Newcrest, page-2

I was reading some old Rahu announcements from NSX:HDG:

The Rahu permit extends north of Talisman and has a 2km long zone of coincident geochemical, resistivity and ground magnetic anomalies.

Previous reverse circulation drilling by Heritage in the this area encountered anomalous gold values inall holes of an 8 hole programme, and included assays of up to 1.0m at 7.80g/t gold and 198.0g/t silver.

The holes were drilled to depths of less than 50m. The results conform to the Company’s geological model for the district, which suggests that gold and silver grades can be expected to improve at depth.The discovery of gold at Rahu strengthens the Company’s interpretation of the area as likely to host significant mineralisation capable of supporting long-term production.

This reminds me of what one of the geos told me about Rahu at the AGM. That is, they know that Rahu is an extension of the Talisman resource but it is at depth. NCM determined a deeper drilling programme than HGD did in the past. NCM also carried out electromagnetic flyovers. I expect we'll be seeing some of that 900,000 ounce Exploration Target converted into JORC in not too much time - they want to get their DRILL ON.

By all means, have a dig through the old announcements for Rahu and Talisman: https://www.nsx.com.au/marketdata/company-directory/announcements/HGD/

There's a lot of interesting old stuff there - really exciting stuff.