Navarre strikes gold

Photo: the Mt Carlton United (MCU) deposit Navarre Minerals has struck gold in its first drill campaign at the Mount Carlton operation north of Bowen in North Queensland. Exploration was focused at the Mt Carlton United (MCU) deposit which is part of the recent acquisition from Evolution Mining. Related: Navarre completes Mount Carlton acquisition The company is reporting outstanding high-grade gold, silver and copper drilling intercepts to the ASX. ‘With drill intercepts of up to 22.9 grams per tonne (g/t) gold, 1327 g/t silver and 4.2 percent 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 results disclosed in this announcement have not been previously reported and cover 71 holes for a total of 5,451 metres of drilling completed by Navarre during the first quarter of 2022 across MCU. ’ This program is Navarre’s first drilling completed at Mt Carlton since assuming formal ownership of the asset from Evolution Mining last year. Related: Crush Creek delivers golden promise for Navarre The results represented a milestone since Navarre transitioned to become a gold producer said Navarre Managing Director Ian Holland. “The resource definition drilling program has confirmed the continuity, tenor and width of the high-grade gold, silver and copper system of the Mt Carlton United prospect,” Mr Holland said. Navarre MD Ian Holland “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 program 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. It also provides metallurgical and geotechnical information within the broader envelope of known mineralisation. While drilling continues in 2022 as part of an ongoing exploration program, Navarre anticipates the drilling results in this report 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. MCU is interpreted to be an intrusion-related, low sulphidation epithermal gold, silver + copper mineralised system, which has significant potential to provide mine life extensions at Mt Carlton. The drilling has focused on improving the definition of the geology and grade continuity within the shallow Inferred Mineral Resources already defined at MCU, as well as providing initial testing for potential depth extensions. The drill assays are expected to upgrade and expand the existing Mineral Resource at MCU to build critical mass for high-grade new gold developments as potential satellite mill feed to the nearby Mt Carlton Operation.

Navarre strikes gold

Industry Queensland

Related News

Sunshine reports new targets at Ravenswood Consolidated

State backs Isaac Country Universities Centres

HPI animation doing the rounds for safety

Get access to breaking mining news, now.