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Navarre Minerals Ltd.
Summary
| Project: | Stawell Corridor | |
|---|---|---|
| Deposit: | Irvine | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/16/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-1-2017: Navarre Minerals Ltd. announces an Exploration/Drilling Update report for its Irvine deposit at the Stawell Corridor project. Drilling results incl. 18m @ 1.6g/t Au from 5m. Navarre Minerals Limited (Navarre or the Company) is pleased to announ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Shane Mele (Not stated) | |
| ABSTRACT: | Navarre Minerals Limited (Navarre or the Company) is pleased to announce further results from its maiden AC drilling program recently completed at its 100%-owned Stawell Corridor Gold Project, located 15km south of Stawell in western Victoria (Figure 1). Significant new results have been received from a further 48 AC holes testing for near-surface oxide gold zones across several targets located adjacent to the flanks of the Irvine basalt dome (see Table 1 and Figure 2). On the East Flank, new results from an area known as Target 3 continue to show broad zones of shallow gold mineralisation extending to the north. The highlight result was from drill hole IAC058 that returned 6m at 4.2 g/t gold from within a broader zone of 18m at 1.6 g/t gold from 5m down hole. Target 3, considered to be a new discovery, has grown to over 800m long and remains open along strike and at depth. Two new gold surfaces have been discovered adjacent to the West Flank of the Irvine basalt dome. Wide-spaced scout drilling has confirmed known styles of gold mineralisation typically occurring at Stawell. The highlight result is 9m at 1.3 g/t gold on the basalt contact in drill hole IAC077. | |
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