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Navarre Minerals Ltd.
Summary
| Project: | St Arnaud | |
|---|---|---|
| Deposit: | St Arnaud | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 7/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-7-2018: Navarre Minerals Ltd. announces an Exploration/Drilling Update report for its St Arnaud deposit at the St Arnaud project. Drilling results incl. 1.0m @ 6.3g/t Au from 18.0m. 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 final assay results from its recently completed maiden air-core (AC) drilling program across several previously undrilled targets at its 100%-owned St Arnaud Gold Project, 250km northwest of Melbourne in Victoria (Figure 1). Navarre completed four traverses (T1 – T4) of regional reconnaissance air core (AC) drilling totalling 6,512 metres across 80 holes at the St Arnaud Gold Project (Figure 2). Drilling was designed to test for early indications of a potential high-grade gold system of similar style to the world-class 6 million-ounce Fosterville Gold Project, located 130km to the east. The Company has now received assay results for the remaining two of the four completed traverses of drilling and these results reaffirm the strong potential of the St Arnaud Gold Project to host economic gold and silver deposits. The results from the first two traverses of drilling were released last month (ASX announcement, 6 June 2018). The drilling program has delivered multiple significant intersections of gold and silver mineralisation in all four drill traverses and successfully demonstrates the potential for economic mineralisation to exist under cover more than 5 kilometres beyond the limits of the historic workings of the St Arnaud Goldfield. This mineralisation remains open along strike and at depth and warrants follow-up drilling. The Company considers this an outstanding result given the early stage of greenfields exploration (wide-spaced reconnaissance drilling) and targeting through Murray Basin cover. | |
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