| Announcement Date: | 2022-02-22 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Navarre Minerals Ltd. |
| Project name: | Mt Carlton |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 21.0m @ 3.0g/t Au, 7.1g/t Ag from 0.0m |
| 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 broad zones of highgrade gold in drilling at its Telstra Hill prospect, part of the recently acquired and wholly owned Mt Carlton Operation (Mt Carlton) in North Queensland, Australia (Figures 1 & 2). The identification of satellite deposits with the potential to provide open pit mill feed and cash flow are an important element of Navarre’s proposed mining strategy for Mt Carlton, acquired in December 2021 (see ASX announcement on 15 December 2021). The latest drilling results from Telstra Hill, including a highlight intercept of 5 metres at 10.2 g/t gold from within a broader interval of 13 metres at 4.4 g/t gold, indicate the potential for another supplemental ore source, additional to the satellite deposits defined at Mt Carlton United, Delta and BV7 (see ASX announcements on 20 December 2021, 17 January 2022 and 17 February 2022). The results from Telstra Hill further reinforce the outstanding prospectivity of the Mt Carlton project area and support Navarre’s strategic objective of growing the mineral inventory and extending mine life. The results disclosed in this announcement have not been previously reported and cover 36 RC drill holes for 2,335 metres of drilling completed during 2021 across Telstra Hill. This drilling was carried out by Evolution Mining Limited (ASX:EVN) ahead of Navarre assuming formal ownership of the asset. |
| Read More |
Pricing Plans
We are a SaaS business and access to announcements and data is by subscription. We offer monthly subscriptions and discounts for annual payments.
Standard
$
10
Per Month
Stay up to date with the global mining industry.
- The Opaxe Review
- Search using Explore
- 60,000 company announcements
- Access announcements older than 7 days only
Essential
$
50
Per Month
Our most popular plan, great for: Small Investors, and Mining Suppliers
- All Standard plan features; plus
- New business opportunities every day
- Customizable filters and search results
- The Opaxe Index
- Export search results to your own system
- Announcement Alerts and Notifications
- Company pages & other announcements
Premium
$
100
Per Month
Comes with Alerts and lots of data, perfect for: Mining Companies, Consultants, and Share Traders
- All Essential plan features; plus
- Drilling result comparisons
- Downloadable intercept data
- Resources and reserves data