Announcement Date: 2022-07-25
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Navarre Minerals Ltd.
Project name: Mt Carlton
Location: Australia
Commodities: Gold,Silver
Highlight: Drilling results incl. 2.0m @ 99.1g/t Au, 77.5g/t Ag from 43m
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 further outstanding high-grade gold, silver, and copper drilling intercepts at its Mt Carlton United deposit (MCU), part of the recently acquired and wholly owned Mt Carlton Operation (Mt Carlton) in North Queensland (Figures 1 & 2). The latest drilling results from MCU, including a highlight intercept of 2 metres at 99.1 g/t gold, add to the satellite deposits defined at Telstra Hill, Delta and BV7 (see ASX announcements on 20 December 2021, 17 January 2022, 17 February 2022, 22 April 2022 and 20 June 2022). The results from MCU further reinforce the outstanding prospectivity of the broader 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 an additional 92 reverse circulation (RC) and 14 diamond core drill holes for 8,989 metres of drilling completed across MCU since the previous update announced to the ASX on 22 April 2022. While drilling continues in 2022 as part of an ongoing exploration program, Navarre anticipates the drilling results in this report will inform an updated resource estimate for MCU which is expected to be published in Q4 2022, along with updated mineral resources for other Mt Carlton deposits such as V2, Telstra Hill and Crush Creek’s Delta and BV7 deposits.
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