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Navarre Minerals Ltd.
Summary
| Project: | Stawell Corridor | |
|---|---|---|
| Deposit: | Adventure Lode | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 1/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-1-2019: Navarre Minerals Ltd. announces an Exploration/Drilling Update report for its Adventure Lode deposit at the Stawell Corridor project. Drilling results incl. 6.0m @ 4.2g/t Au from 67m. Navarre Minerals Limited (ASX: NML) (Navarre or the Company) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Shane Mele (Internal) | |
| ABSTRACT: | Navarre Minerals Limited (ASX: NML) (Navarre or the Company) is pleased to announce significant gold intersections from its recently completed reverse circulation (RC) drilling at the Adventure Lode prospect, within its 100%-owned flagship Irvine Gold Project in western Victoria (Figures 1 & 2). Navarre completed a total of 4,146 metres of drilling across 33 RC drill holes targeting depth extensions to a 1.3-kilometre-long zone of shallow oxide gold at Adventure Lode. This drilling tested the gold potential of a mineralised quartz structure to a vertical depth of approximately 120 metres below surface (refer NML ASX release 15 October 2018 and Figure 3). The drilling has successfully delivered multiple significant intersections of gold contained within four higher grade shoots typical of a shear-hosted gold system targeted by Navarre’s exploration model with strong affinity to the ore distribution patterns observed at the nearby Magdala gold deposit in Stawell (Figure 5). The 1.3km long mineralised Adventure Lode structure remains open at depth and is interpreted to extend to great depths on the eastern flank of the Irvine basalt like the Magdala gold deposit which has been mined to 1.6kms below surface (Figure 4). | |
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