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Navarre Minerals Ltd.
Summary
| Project: | Stawell Corridor | |
|---|---|---|
| Deposit: | Irvine | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-4-2017: Navarre Minerals Ltd. announces an Exploration/Drilling Update report for its Irvine deposit at the Stawell Corridor project. Drilling results incl. 4m @ 9.8g/t Au from 72m. Navarre Minerals Limited (ASX Code: NML) (Navarre) is pleased to annou | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Shane Mele (Internal) | |
| ABSTRACT: | Navarre Minerals Limited (ASX Code: NML) (Navarre) is pleased to announce first results from its maiden DD program at the Irvine Gold Project, which has intersected high-grade primary gold mineralisation below previous shallow air-core (AC) drilling. To date, five DD holes have been completed (for ~ 1,200m) out of a planned total of 3,000m. Assay results have been received from the first two DD holes (RD001 & RD002) into the Resolution Lode, one of several targets within the 100%-owned Irvine Gold Project (Figure 1). DD holes RD003 to 5 have been geologically logged, and are in the process of being sampled and dispatched for assay. The DD program follows recent shallow AC drilling that highlighted the potential for multiple zones of gold along both flanks of the Irvine Basalt, with impressive AC intercepts reported including 6m at 6.3g/t Au and 2m at 41.5g/t Au (see Navarre’s ASX release dated 1 December 2016). The 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 gold mineralisation identified by the AC drilling at the Resolution Lode on the north-eastern flank of the Irvine basalt dome (Figure 2). The DD program is also helping determine the controlling structures of several other gold occurrences and discoveries identified from the AC program and will also test new anomalies identified from geophysical surveys that targeted both flanks of the Irvine basalt dome. | |
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