Navarre Minerals has reported further outstanding intercepts at the Mount Carlton United deposit, peaking at 196.1 g/t gold and 125.2 g/t silver.

The deposit is part of the recently acquired Mount Carlton gold operation in North Queensland and lies just 4km from the existing mill.

The company said assays from ongoing resource definition and exploration drilling at MCU confirmed strong grade and geological continuity of the gold-silver-copper rich mineral deposit.

Highlights include a 2m intercept grading at 99.1 g/t gold and 77.5 g/t silver from 43m, including 1m at 196.1 g/t gold and 125.2 g/t silver from 43m depth.

Other intercepts included 29m at 1.9 g/t gold, 95.9 g/t silver and 0.4 per cent copper from 6m and 4m grading at 5.1 g/t gold, 619.7 g/t silver and 0.1 per cent copper from 8m. (See full results HERE).

The latest drilling results from MCU add to the satellite deposits defined at Telstra Hill, Delta and BV7.

“The company is extremely pleased with the latest batch of drilling results returned from Mount Carlton United, a high-grade gold, silver and copper deposit located just 4km from our 960Ktpa processing facility,” Navarre managing director Ian Holland said.

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“The ongoing resource definition drilling program has confirmed the continuity, tenor and width of the gold, silver and copper system of the Mount Carlton United deposit.

“Mount Carlton United is a key component of our satellite open pit mining strategy for the Mount Carlton operation which, to date, includes three other gold deposits delineated at 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.”

Navarre Minerals took ownership of the Mount Carlton gold mine, 150km south of Townsville, from Evolution Mining in a $90 million deal late last year.