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Navarre Minerals Ltd.
Summary
| Project: | St Arnaud | |
|---|---|---|
| Deposit: | St Arnaud | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 7/30/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-7-2019: Navarre Minerals Ltd. announces an Exploration/Drilling Update report for its St Arnaud deposit at the St Arnaud project. Drilling results incl. 34m @ 0.9g/t Au from 45m. Navarre Minerals Limited (Navarre or the Company; ASX: NML) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Shane Mele (Internal) | |
| ABSTRACT: | Navarre Minerals Limited (Navarre or the Company; ASX: NML) is pleased to announce significant gold and silver intersections from its recently completed air-core (AC) drilling program at its 100%-owned St Arnaud Gold Project, 250km northwest of Melbourne in Victoria (Figure 1). Navarre is searching for a potential “Fosterville-style” high-grade gold mineralisation system at the St Arnaud Gold Project and has identified mineralised structures that have similar geometric patterns to Fosterville’s Swan and Eagle zones (refer to ASX release 5 February 2019). The initial stage of the Company’s discovery strategy is to undertake AC drilling to rapidly and cost effectively identify the shallow footprint of basement gold mineralisation from which deeper targeted drilling programs can deployed with the aim of defining the extents of potential economic mineralisation. The recent 11 AC hole drill program totalling 975m was completed at the South Reef area of the St Arnaud East prospect located within the St Arnaud Gold Project (see Figure 2). Previous first-pass drilling of four AC holes all intersected elevated gold (refer to ASX release 5 February 2019) below an extensive outcropping quartz reef. | |
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