Turnberry

The Turnberry Prospect in the northern part of the property (Figure 2) is the most advanced gold prospect at Gnaweeda and is defined by an approximately 2.5km-long, 500m-wide north-east-trending RAB drilled gold anomaly. The highest grades intercepted at Gnaweeda both by Newcrest and Teck were within the deeper holes. Newcrest’s best intercepts include 1m @ 21.07 g/t Au from 144m depth, 1m @ 13.22 g/t Au from 294m depth and 2m @ 6.50 g/t from 319m.

Limited deep RC drilling by Teck returned significant gold intersections including 4m @ 17.77g/t including 1m @ 59.27g/t, 5m @ 13.49g/t, 5m @ 11.64g/t, 3m @ 11.87g/t, 3m @ 4.52g/t, 3m @ 4.85g/t and 3m @ 4.39g/t.

Recent diamond drilling by Archean Star intersected 22 m at 2.46 g/t Au, 3.0m at 8.27 g/t Au and 3.0m of 8.06 g/t Au in separate structures in TB003.


While mineralisation is not well understood due to the prospect being under transported cover and that most of the drilling completed to date has been shallow widely-spaced percussion drilling holes, the Company has identified three higher grade zones at Turnberry that it plans on testing by diamond drilling.