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Navarre Minerals Ltd.
Summary
| Project: | Stawell Corridor | |
|---|---|---|
| Deposit: | Langi Logan | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 12/11/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-12-2018: Navarre Minerals Ltd. announces an Exploration/Drilling Update report for its Langi Logan deposit at the Stawell Corridor project. Drilling results incl. 11m @ 5.1g/t Au from 75m. Navarre’s Managing Director, Geoff McDermott commented: “This i | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Shane Mele (Internal) | |
| ABSTRACT: | Navarre’s Managing Director, Geoff McDermott commented: “This is an excellent start to our maiden drilling program at Langi Logan, approximately 40kms south of the Stawell Gold Mine. Although the current drilling is a reconnaissance program, the initial results indicate a new gold discovery and our second potential major gold find along the proven Stawell Gold Corridor. The width and grade of the shallow drill hits in hole LLA014 appear to be of ‘ore grade’ and are reminiscent of the ‘sweet spots’ in Stawell’s nearby 4Moz Magdala Gold Mine. We look forward to reporting the next batch of results of this ongoing drilling program.” Navarre Minerals Limited (ASX: NML) (Navarre or the Company) is pleased to announce high-grade gold intersections from the first assays received from the Company’s maiden air-core (AC) drilling program at its 100%- owned Langi Logan Gold Project in western Victoria (Figure 1). Drilling at Langi Logan, the next major Cambrian basalt dome target south of the Company’s flagship Irvine Gold Project, commenced last month (refer NML ASX Announcement dated 20 November 2018) and results have now been received for the first 15 of 22 AC holes drilled to date in a 4,000m reconnaissance AC drilling program. Navarre has identified three priority targets for drill testing along the margins of the Langi Logan basalt dome (Targets A, B & C) based on multiple coincident anomalies, including gravity, gradient array induced polarisation (GAIP) plusseveral significant, historical drill intercepts. The current drilling program will also testseveral structural targets further south on the margins of the basalt dome where there has been no previous drilling as indicated on Figure 2. This announcement reports assays received from initial testing of Targets A and C. Drilling has intersected significant zones of high-grade gold mineralisation with individual assays up to 15.8 g/t gold returned from the open 1.6km basalt flank of Target A. The results support Navarre’s view that Langi Logan has the potential to be a new large-scale, high quality shear-hosted gold system similar to Sawell’s recently reopened 4Moz Magdala Gold Mine. | |
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