"The current drilling program at Tennant Creek has 5 key objectives:
1. Infill drilling of our shallow resources around Nobles Nob, particularly Rising Sun and Weaber’s Find to
increase confidence in our resource position prior to engineering design and pre-feasibility work.
2. The testing of key prospective shallow anomalies not included in our current resources portfolio,
particularly the NM4 prospect.
3. Diamond drilling of Juno to test the open areas up dip and to the east.
4. Diamond drilling of Juno within the current Juno Resource envelope to provide structural, metallurgical,
geotechnical and specific gravity information for engineering design and pre-feasibility work.
5. To conduct a preliminary test of the remnant tailings at Nobles Nob.
In summary: the RC portion of the program has now been completed and totalled 118 holes for 6,673m.
Preliminary testing of the Nobles Nob tailings has also been completed, and diamond drilling is continuing
at Juno."
Ive always been curious how much gold could be JORC'd out of the tailings
"(D) Nobles Nob Tailings
Highlight - 2m @ 5.69g/t Au from 12m
A total of 527,680 tonnes were mined and milled at Nobles Nob from 1948 to June 1968 at a recovered grade of 48.8g/t Au. These tailings remain on site. It is believed that these tailings dumps have never been retreated.
Excalibur has completed a first round of aircore drillholes at the Nobles Nob tailings dumps.
These holes were very broad spaced with holes up to 120m apart. The holes were designed to
test the thickness and variability of the historic tailings, and also to determine any remnant
grades. A total of 12 holes for 122m were completed.
Seven out of the 12 holes drilled returned values greater than 1g/t Au over at least one meter
intervals. Results to date have ranged up to 10.30g/t Au. This drilling is encouraging and
further, more detailed, drilling has commenced."
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