Drilling Delivers Bonanza Gold Grades
Carnavale Resources Limited (ASX: CAV) has identified additional shallow, high-grade gold mineralisation under cover including bonanza grade gold mineralisation intersected at McTavish East with the third round of aircore drilling at the Kookynie Gold Project in Western Australia.
The drilling programme was designed to follow up on the strong gold anomalies identified by the first and second round of aircore, as well as explore the potential at Champion South. The anomalies at McTavish East and McTavish North have been infilled, extended, and expanded by this recent drilling programme in preparation for RC drilling.
The Kookynie Gold Project is along strike and adjacent to Nex Metals Ltd (ASX: NME) and Metalicity Ltd’s high-grade Leipold, McTavish, Cosmopolitan and Champion deposits, being successfully explored by MCT.
“The Kookynie district is famous for historic high-grade gold production. We are very excited to have discovered a new gold zone with bonanza grades under cover at Kookynie,” Chairman, Ron Gajewski, said.
“From this recent drilling we have grown the mineralised zones and have a greater understanding of the orientation of the gold bearing structures. We are ready to drill deeper with RC to unlock the high-grade gold potential at depth.”
Bonanza grade gold mineralisation intercepts include:
- Hole KOAC294 4m @ 31.08g/t from 96m (hole ends in mineralisation)
- Hole KOAC324 2m @ 32.5g/t from 18m
- Hole KOAC322 8m @ 4.06g/t from 20m (inc. 2m @ 15.6g/t)
- Hole KOAC290 12m @ 3.37g/t from 50m
- Hole KOAC291 6m @ 2.09g/t from 82m and 8m @ 1.02g/t from 52m (inc. 4m@ 1.76g/t)
- Hole KOAC299 5m @ 1.73g/t from 74m (Inc. 3m @ 2.68g/t)
The Kookynie Gold Project
The Project is in the central portions of the historic Kookynie mining centre and Carnavale’s strategy is to explore and define sufficient high-grade gold resources that can be mined and transported to a processing plant nearby.
The Kookynie Gold Project is adjacent to Nex Metals Ltd (ASX: NME) and Metalicity Ltd.’s (ASX: MCT) high-grade Leipold, McTavish, Cosmopolitan and Champion deposits, being successfully explored by MCT MCT has enjoyed recent exploration success at their McTavish project. MCT’s McTavish prospect is 200m directly along strike from and adjacent to Carnavale’s McTavish East prospect and immediately south along strike from Carnavale’s McTavish North prospects. Recent intercepts recorded by MCT from the McTavish project include 5m @ 25.9g/t in McTRC0049, 6m@ 20.6g/t in McTRC0064 and 3m @ 19.1g/t in McTRC0044 (MCT ASX release 8 July 2021).
Carnavale has identified a mineralised zone that strikes over 550m at McTavish East (Figure 3), open to the north and a mineralised zone that strikes for 240m at McTavish North open to the northeast. Both zones host high-grade gold mineralisation characteristic of the Kookynie mining camp.
Two types of gold mineralisation occur in the Kookynie area, high-grade gold associated with pyritic quartz veins hosted within north to northeast dipping structures crosscutting favourable lithologies and high-grade gold associated in fault zones within magnetic, differentiated fractions of the granite plutons.
Bostech Drilling completed a third programme of 135 holes aircore holes at the Kookynie Gold Project for 7,432m. This programme tested the extents and potential of the multiple gold anomalies and structural
features identified by the first and second round of aircore drilling completed earlier in the year.
The third phase of drilling at the Kookynie Gold Project is part of a systematic exploration approach employed by the company targeting high-grade gold mineralisation associated with structural corridors.
Carnavale was able to define the nature of the high-grade gold mineralisation in detail. Mineralisation found at the Kookynie Gold Project is similar to that hosted by historic mines in the area.
For further information please visit: https://carnavaleresources.com/
