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Navarre Minerals Ltd.
Summary
| Project: | Stawell Corridor | |
|---|---|---|
| Deposit: | Glenlyle | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 4/14/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-4-2020: Navarre Minerals Ltd. announces an Exploration/Drilling Update report for its Glenlyle deposit at the Stawell Corridor project. Drilling results incl. 5m @ 1g/t Au from 58m. Navarre Minerals Limited (Navarre or the Company) (ASX: NML) is please | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Shane Mele (Internal) | |
| ABSTRACT: | Navarre Minerals Limited (Navarre or the Company) (ASX: NML) is pleased to announce encouraging new reconnaissance air-core (AC) drilling results from its 100%-owned Glenlyle Project (EL 5497) in western Victoria, Australia (Figure 1). The Glenlyle Project is located 25km south-west of Ararat, under 10 – 40m of Newer Volcanics cover, and approximately 25 kilometres north-east, on-strike, of Stavely Minerals Limited’s (ASX: SVY) recent Cayley Lode copper discovery at their Thursdays Gossan project (see Figures 1 & 2). The new results have significantly expanded the mineralised footprint and the potential of the Glenlyle Project and follow two earlier phases of reconnaissance AC drilling (refer NML ASX releases of 23 April 2018 and 21 March 2019) which also demonstrated strong silver-gold mineralisation. Navarre has completed its third phase of AC drilling totalling 2,150 metres across 26 holes at the Glenlyle Project. The drilling program was designed to expand and scope the shallow lateral expanses of the gold and silver mineralisation discovered in 2018 (now referred to as the Morning Bill prospect). Three east-west lines of 80m spaced, angled AC drilling were completed on 200m (north-south) line spacings. The drilling comprised | |
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