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Navarre Minerals Ltd.
Summary
| Project: | Stawell Corridor | |
|---|---|---|
| Deposit: | Irvine | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-5-2017: Navarre Minerals Ltd. announces an Exploration/Drilling Update report for its Irvine deposit at the Stawell Corridor project. Drilling results incl. 18.7m @ 7.1g/t Au from 196.3m. Navarre Minerals Limited (ASX Code: NML) (Navarre) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Shane Mele (Internal) | |
| ABSTRACT: | Navarre Minerals Limited (ASX Code: NML) (Navarre) is pleased to report further highgrade gold results in its maiden DD program at its Irvine Gold Project (Figure 1). Commenting on the drilling program and the most recent DD assays, Navarre’s Managing Director, Geoff McDermott said: “This new set of assays is outstanding, particularly the intercept in the deepest hole, RD006, which suggests the Resolution Lode extends strongly from surface to a vertical depth of more than 170m. These mineralised intercepts resemble a “lode” or “shoot” type geometry typical of a Stawell-style gold system. The diamond core results are providing new confidence in our geological theories as we embark on a program of shallow air-core drilling testing similar type targets along both flanks of the Irvine basalt dome.” To date, six DD holes have been completed (for ~ 1,300m) out of a planned 3,000m. Results for DD holes RD003 to 4 have been dispatched for assay. Navarre’s DD program follows recent shallow AC drilling that discovered the Resolution Lode and highlighted the potential for multiple zones of gold along both flanks of the Irvine Basalt, with AC intercepts including 6m at 6.3g/t Au and 2m at 41.5g/t Au (see Navarre’s ASX release dated 1 December 2016). This drill program is the first diamond drilling undertaken by Navarre at the Irvine Gold Project and is being carried out to test the greater depth potential below oxide gold mineralisation identified by the AC drilling at the Resolution Lode on the north-eastern flank of the Irvine basalt dome (Figure 2). | |
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