Announcement Date: 2022-10-18
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Carnavale Resources Ltd.
Project name: Kookynie
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 2m at 4.32g/t Au from 217m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Carnavale Resources Ltd. (CAV) is pleased to provide an update to the diamond drilling program that was completed in July 2022 at the high-grade Kookynie Gold Project. CAV drilled 3 diamond tails for 490m at McTavish East to test depth extensions of the mineralisation and provide detailed geological information, which is generally not available from RC drilling. The information gathered from the diamond drilling has provided important information on the orientation of the mineralizing structures and their interaction with the host geology in the local area at McTavish East as well as detail on the rock strength and density. The Kookynie Gold Project is located in the central portions of the historic Kookynie mining centre 20km south of Leonora. Carnavale’s strategy is to explore and define sufficient high-grade, high value resources and reserves that can be mined and transported to a processing plant nearby. At McTavish East high-grade gold mineralisation has been confirmed by previous CAV aircore, 2 phases of RC drilling over a strike extent of 700m (Figure 2). The CAV RC and diamond drilling defined a highgrade lode in fresh rock that has a strike
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