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Navarre Minerals Ltd.
Summary
| Project: | St Arnaud | |
|---|---|---|
| Deposit: | St Arnaud | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 6/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-6-2018: Navarre Minerals Ltd. announces an Exploration/Drilling Update report for its St Arnaud deposit at the St Arnaud project. Drilling results incl. 4.0m @ 6.6g/t Au from 48.0m. 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 assay results for the first two of four lines of a recently completed 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 has completed four lines (T1 – T4) of reconnaissance air core (AC) drilling totalling 6,512 metres across 80 holes in its maiden drill program at the St Arnaud Gold Project (Figure 2). Drilling was designed to test for a potential high-grade gold system of similar style to the 6 million-ounce Fosterville Gold Project, located 130km to the east. The drill targets are situated to the northwest of the historic 0.4Moz St Arnaud Goldfield and are interpreted to be the northward projection of the St Arnaud Goldfield where it occurs beneath shallow Murray Basin cover (of 2 to 25 metres) (Figure 3). The Company has now received assay results for the first two lines (T1 and T2) of drilling which have returned multiple significant intersections of gold and silver mineralisation, successfully demonstrating the Project’s potential to host economic gold mineralisation. | |
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