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Navarre Minerals Ltd.
Summary
| Project: | Stawell Corridor | |
|---|---|---|
| Deposit: | Langi Logan | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 1/30/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-1-2019: Navarre Minerals Ltd. announces an Exploration/Drilling Update report for its Langi Logan deposit at the Stawell Corridor project. Drilling results incl. 33m @ 2.9g/t Au from 66m. 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 high-grade gold intersections from a first-pass air-core (AC) drilling program at its 100%-owned Langi Logan Gold Project in western Victoria (Figure 1). The program has delivered Navarre’s highest-grade AC drill intercept to date from its extensive drilling campaigns within the Stawell Gold Corridor and has intersected significant zones of high-grade gold mineralisation, with individual assays up to 15.8 g/t gold within a broader zone of 33m @ 2.9 g/t Au from 66m to end of hole in drill hole LLA014. These highly positive results come from the first 29 AC holes (for approximately 2,600m) of an ongoing first-pass drilling program completed at Langi Logan in 2018. 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 Stawell’s recently reopened 4Moz Magdala Gold Mine. Navarre’s Managing Director, Geoff McDermott commented: “This continues an excellent start to our first-pass air-core drilling program at Langi Logan, approximately 40km south of the Stawell Gold Mine. The results indicate potential for a new gold discovery to follow our maiden discovery at the Irvine Gold Project. Drilling has now recommenced following the Christmas break and we look forward to expanding the mineralised zones as we strive to deliver our second gold find along the proven Stawell Gold Corridor.” | |
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