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Navarre Minerals Ltd.
Summary
| Project: | Stawell Corridor | |
|---|---|---|
| Deposit: | Stawell Corridor | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-3-2018: Navarre Minerals Ltd. announces an Exploration/Drilling Update report for its Stawell Corridor deposit at the Stawell Corridor project. Drilling results incl. 1m @ 7.3g/t Au from 19m. Navarre Minerals Limited (Navarre or the Company; ASX: NML) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Shane Mele (Internal) | |
| ABSTRACT: | Navarre Minerals Limited (Navarre or the Company; ASX: NML) is pleased to announce the intersection of significant shallow gold mineralisation in its recently completed reconnaissance drilling program on its 100%-owned Stawell Granite Gold Project (EL 6418), adjacent to the Stawell Gold Mine in western Victoria (Figure 1). Navarre completed three traverses of air-core (AC) drilling in a 24 hole, 857 metre program at the Stawell Granite Project last month. All assay results have now been received and the program has resulted in the intersection of multiple zones of gold mineralisation at the base of a broad alluvial channel plus several zones of anomalous gold in the granite requiring further follow up. Drilling encountered gold grading up to 7 grams per tonne at the base of an alluvial channel and gold up to 0.5 grams per tonne within decomposed granite which may be a potential primary source of the alluvial gold at the Stawell Granite. The results of the reconnaissance drilling program are encouraging as the Company searches for the potential primary source to the alluvial gold mined in the historic Great Western Diggings located on the Stawell Granite. | |
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