Navarre Minerals Limited (ASX: NML) has report “outstanding” high-grade gold, silver and copper drilling intercepts at its Mt Carlton United deposit (MCU), part of the recently acquired Mt Carlton Operation in North Queensland, Australia
With drill intercepts of up to 22.9 grams per tonne (g/t) gold, 1327 g/t silver and 4.2% copper, the results confirm the outstanding grade and continuity of the mineral inventory at MCU, approximately four kilometres southwest of the Mt Carlton processing facility.
The latest results cover 71 holes for a total of 5,451 metres of drilling completed by Navarre during the first quarter of 2022 across MCU.
Highlight results include:
- 2.0 metres at 22.9 g/t gold, 402.2 g/t silver and 0.2% copper from 54 metres (MCURC-129)
- 4.0 metres at 18.7 g/t gold, 162.4 g/t silver and 0.1% copper from 67 metres (MCURC-121)
- 2.0 metres at 14.7 g/t gold and 191.7 g/t silver from 31 metres (MC22DD010)
- 7.0 metres at 14.6 g/t gold, 461.6 g/t silver and 0.1% copper from 29 metres (MCURC-154)
- 2.0 metres at 12.5 g/t gold & 251.0 g/t silver from 15 metres (MC22DD008)
- 2.0 metres at 11.3 g/t gold, 1327.5 g/t silver and 0.3% copper from 74 metres (MCURC-122); and
- 4.0 metres at 9.3 g/t gold, 62.4 g/t silver and 0.9% copper from 59 metres (MCURC-103)
This programme is Navarre’s first drilling completed at Mt Carlton since assuming formal ownership of the asset. While drilling continues in 2022 as part of an ongoing exploration programme, Managing Director Ian Holland said Navarre anticipates the latest drilling results will inform an updated resource estimate for MCU which is expected to be published in September 2022, along with updated mineral resources for other Mt Carlton deposits such as V2, Telstra Hill and Crush Creek.
“These outstanding shallow drilling results, returned from our first drilling campaign under Navarre ownership of the Mt Carlton Operation, are extremely pleasing and represent an important milestone since transitioning to become a gold producer,” Mr Holland said.
“The resource definition drilling programme has confirmed the continuity, tenor and width of the high-grade gold, silver and copper system of the Mt Carlton United prospect.
“Only four kilometres west of the processing facility, the gold-silver-copper mineralisation defined at MCU has the potential to significantly extend mine life at Mt Carlton.”
The drilling programme has involved one reverse circulation (RC) drilling rig and one diamond core drilling rig, with the aim of infilling and extending the known limits of the gold, silver and copper mineralised system as well as providing metallurgical and geotechnical information within the broader envelope of known mineralisation.
For further information please visit: https://www.navarre.com.au/
