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Navarre Minerals Ltd.
Summary
| Project: | Stawell Corridor | |
|---|---|---|
| Deposit: | Irvine | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/15/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-12-2016: Navarre Minerals Ltd. announces an Exploration/Drilling Update report for its Irvine deposit at the Stawell Corridor project. Drilling results incl. 36m @ 1.0g/t Au from 2m. Navarre Minerals Limited (ASX Code: NML) (Navarre or the Company) is | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Geoff McDermott (Internal) | |
| ABSTRACT: | Navarre Minerals Limited (ASX Code: NML) (Navarre or the Company) is pleased to announce further assay results from its maiden 4,000m air-core (AC) drilling program underway at its 100%-owned Stawell Corridor Gold Project, located 15 kilometres south of Stawell in western Victoria (Figure 1). The assay results are mainly from testing of the oxide zone in Target 3 (Figure 2). The highlight results are all from Target 3 and include: 7m at 2.7g/t gold from 31m down hole in IAC034 from within a broader zone of 36m at 1.0g/t gold from 2m down hole; 12m at 1.6g/t gold from 48m down hole in IAC027 including 1m at 12.6 g/t gold; 12m at 1.2/t gold from 12m down hole in IAC029 from within a broader zone of 60m at 0.6g/t gold from surface; 14m at 1.4g/t gold from 5m down hole in IAC040 from within a broader zone of 58m at 0.7g/t gold from 1m down hole; and 11m at 1.4g/t gold from 56m down hole in IAC043 from within a broader zone of 30m at 0.7g/t gold from 37m down hole (Table 1, Figures 2 – 8). The remaining results received are from Target 5 which failed to test the target adequately due to the extreme hardness of the ground in this locality. | |
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