The Telstra Hill and Mount Carlton United deposits are continuing to prove their calibre as future feed for the Mount Carlton mill, with recent drilling returning high-grade results.

Highlights at Telstra Hill include 6.2m at 13.5 g/t gold and 1.5 g/t silver from 17.8m; 4m at 2.4 g/t gold and 3.2 g/t silver from 38m; and 1m at 5.2 g/t gold and 16.4 g/t silver from 14m.

Peak results from Mount Carlton United (MCU) include 8.7m at 4.6 g/t gold, 27.7 g/t silver and 0.3 per cent copper from 98.9m; 5.1m at 5.3 g/t gold, 94.9 g/t silver and 0.8 per cent copper from 21.9m; 4m at 2.9 g/t gold, 83.6 g/t silver and 0.4 per cent copper from 31m; and 18m at 1.4 g/t gold and 84.2 g/t silver from 20m.

“These high-grade gold, silver and copper results from Mount Carlton United and Telstra Hill continue to
demonstrate the project development opportunities present on the current Mount Carlton mine lease,
strategically located within 4km of our 960Ktpa processing facility,” Navarre Minerals managing director Ian Holland said.

Related: Navarre invests to secure Mount Carlton future feed

“It is pleasing that our ongoing investment in exploration and resource drilling is delivering on our
strategy of defining new satellite mineral deposits within short trucking distance to the mine to
complement production from the V2 open pit.

“To date, we have delineated four satellite gold-silver-copper deposits at MCU, Telstra Hill, Delta and BV7.

“We can also see significant potential to expand our satellite mineral inventory, with exploration programs testing key targets across the Mount Carlton mining lease, Crush Creek and several of our regional prospects.”

The drilling program 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 systems.

Navarre Minerals took over ownership of the Mount Carlton operation, 150km south of Townsville, from Evolution Mining in December last year.

The company expects to release an updated resource estimate for Telstra Hill and MCU in the second quarter of FY23, along with updated mineral resources for the operation’s V2 pit (currently in production).