Announcement Date: 2022-09-12
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. 6.2m at 13.5g/t Au, 1.5g/t Ag from 178m
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 both the Mt Carlton United (MCU) and Telstra Hill (TH) deposits, part of the recently acquired and wholly owned Mt Carlton operation (Mt Carlton) in north Queensland (Figures 1 & 2). The results from MCU and TH continue to reinforce the shallow, high-grade nature of these deposits which highlights 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 six reverse circulation (RC) and 20 diamond core drill holes for 2,458 metres of drilling completed across MCU and TH since the previous updates announced to the ASX on 25 July 2022 and 20 June 2022, respectively. Navarre anticipates the drilling results in this report will inform an updated resource estimate for MCU and TH which is expected to be published in Q2 FY23, along with updated mineral resources for V2 (currently in production).
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