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Transaction Announcement Reports
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Project: | Stawell Corridor | |
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Deposit: | Irvine | |
Location: | Australia | |
Commodities: | Gold | |
Date: | 1/24/2018 | |
Report Code: | JORC | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 24-1-2018: Navarre Minerals Ltd. announces an Exploration/Drilling Update report for its Irvine deposit at the Stawell Corridor project. Drilling results incl. 3m @ 4.1g/t Au from 27m. Navarre Minerals Limited (Navarre or the Company; ASX: NML) is pleased | |
Resources: | x | |
CP/QP: | [Overall Report]: Shane Mele (Internal) | |
ABSTRACT: | Navarre Minerals Limited (Navarre or the Company; ASX: NML) is pleased to announce further significant shallow gold intersections from its recently completed reconnaissance air-core (AC) drilling program at the highly prospective 100%-owned Irvine Gold Project, located 15 kilometres south of Stawell in western Victoria (Figure 1). Drilling of six priority targets (155 AC drill holes for 8,265m) has resulted in new gold discoveries at Resolution and Adventure Lodes and the advancement of the previously untested Dutton and Napoleon targets to mineralised prospects. The latest, and final, assay results for the remaining 50 holes from Navarre’s 8,265m AC drilling program completed in December 2017 have now been received. They include first-pass results from the previously untested Dutton and Napoleon targets, as well as further infill drilling at the recently discovered Adventure Lode (previously referred to as the Cullings prospect). The results highlight the potential for ore-grade gold mineralisation at Dutton and Napoleon and confirm the continuity of strong gold mineralisation within the near-surface oxide zone of the Adventure Lode, which remains open at depth. Drilling has outlined several zones of shallow primary gold mineralisation along the flanks of the Irvine basalt dome that underlie the historic alluvial workings of the million-ounce Ararat Goldfield. Details of the final assay results from this phase of drilling are provided in this announcement | |
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