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Navarre Minerals Ltd.
Summary
| Project: | Stawell Corridor | |
|---|---|---|
| Deposit: | Langi Logan | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 2/12/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-2-2019: Navarre Minerals Ltd. announces an Exploration/Drilling Update report for its Langi Logan deposit at the Stawell Corridor project. Drilling results incl. 2m @ 19.4g/t Au from 43m. Navarre Minerals Limited (ASX: NML) (Navarre or the Company) is | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Shane Mele (Internal) | |
| ABSTRACT: | Navarre Minerals Limited (ASX: NML) (Navarre or the Company) is pleased to announce exceptional high-grade gold intersections from its ongoing first-pass air-core (AC) drilling program at its 100%-owned Langi Logan Gold Project in western Victoria (Figure 1). The latest results from two shallow AC drill holes, LLA030 and LLA031, have delivered Navarre’s highest-grade AC drill assay to date from its extensive drilling campaigns within the Stawell Gold Corridor, with an intercept of 33.6 g/t gold from within an intersection of 2m @ 19.4 g/t Au in drill hole LLA031. Drill holes LLA030 and LLA031 were drilled north of Navarre’s previous best drill intersection at Langi Logan of 33m @ 2.9 g/t Au (including 11m @ 5.1 g/t gold containing individual assays of up to 15.8 g/t gold) in LLA014. The latest results have successfully tested the open flank of the 1.6km long Target A at Langi Logan for the continuity of gold mineralisation (see Figure 2). The outstanding high-grade intercept in drill hole LLA031 is located approximately 200m north of LLA014 (announced last month, ASX announcement, 30 January 2019) (Figure 2). These high-grade results come from the first 31 AC holes (for approximately 2,800m) of an ongoing 6,000m first-pass drilling program at Langi Logan (Figure 2). The results continue to support Navarre’s view that Langi Logan has the potential to be a new large-scale, high quality shear-hosted gold system similar to Stawell’s recently reopened 4Moz Magdala Gold Mine. Langi Logan is the next major basalt dome target south of the Company’s flagship Irvine Gold Project. Navarre has identified three priority targets for drill testing along the margins of the Langi Logan basalt dome - Targets A, B & C in Figure 2. These targets have been identified based on multiple coincident anomalies, including gravity, gradient array induced polarisation (GAIP) plus several significant, historical drill intercepts. | |
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