Announcement Date: 2021-12-20
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Navarre Minerals Ltd.
Project name: Mt Carlton
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 25.0m @ 21.4g/t Au from 75m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Navarre Minerals Limited (ASX: NML) (Navarre or the Company) is pleased to report high-grade gold intercepts at the Crush Creek Gold Project, part of the recently acquired Mt Carlton Operation (Mt Carlton) in north Queensland (Figures 1 & 2). With drill intercepts of up to 47.2 grams per tonne, the results demonstrate the considerable scope to upgrade both the confidence and tenor of the mineral inventory at Crush Creek. The results disclosed in this announcement have not been previously reported and cover 111 drill holes completed during 2021 across the Delta and BV7 prospects as well as some regional targets. This drilling was carried out by Evolution Mining ahead of Navarre assuming formal ownership of the asset (refer ASX announcement on 15 December 2021). Assay results are outstanding for a further 12 drill holes completed at BV7. These holes targeted high-grade mineralisation adjacent to the existing resource. While drilling will continue into 2022 as part of the ongoing exploration program, Navarre anticipates these drilling results will inform an updated resource estimate for Crush Creek which is expected to be published in March 2022, along with an updated Mineral Resource and Ore Reserve statement for other Mt Carlton mineral deposits such as V2, A39, Telstra Hill and Mount Carlton United.
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