Navarre Minerals delivers more high-grade gold-silver-copper hits at Mt Carlton
BV1 勘探区的最新钻探从 96m 达到 2270 万，黄金 22.7g/t 和 28.5g/t 白银，其中 4m 黄金 110g/t 和白银 120.1g/t。
Resource drilling at satellite deposits within Navarre Minerals’ (ASX: NML) Mt Carlton mine in Queensland is continuing to produce strong results of gold, silver and copper — with a peak assay of 77.4 grams per tonne gold.
Last month the company received final regulatory approval from the Queensland government for open pit mining at one of those satellite deposits, Mt Carlton United (MCU), which is located 4km from the processing plant.
Just over a week later assays have been received from resource definition drilling at MCU, with highlights of 25m at 6.3g/t gold, 28.8g/t silver and 0.1% copper 3m, including 5m at 17.1g/t gold.
Other holes from MCU returned 12m at 8.1g/t gold and 41g/t silver from 1m, including 1m at 77.4g/t gold and 204g/t silver; and 13m at 4.1g/t gold and 63.4g/t silver from 7m, including 3m at 14.3g/t gold and 184.4g/t silver.
Peak assays from MCU were 77.4g/t gold, 1,326g/t silver and 4.3% copper.
BV7 and Delta satellite targets also proving up
Drilling at the Crush Creek BV7 target returned several high-grade intersections – one coming in over 15m at 11.4g/t gold and 7.7g/t silver, while another uncovered 4m at 9.8g/t gold and 3.1g/t silver.
Meanwhile, a hole at the Delta target returned 7m at 1.2g/t gold and 4.6g/t silver.
Managing director Ian Holland says the company’s work at these satellite zones continue to demonstrate the project development opportunities within the broader Mt Carlton project area.
“It’s great to see consistently strong results being generated from our investment in drilling at Mt Carlton,” he added.
Satellites will deliver supplementary feed for mill
These satellite deposits are located within short trucking distances from the company’s 960,000t per annum processing plant.
Apart from the three deposits mentioned above, Navarre plans to develop pits at the BV1 and Telstra Hill targets.
At MCU, the company has completed 58 resource definition, reverse circulation holes for 2,361m.
Mt Carlton is located 130km south of Townsville.
Navarre bought Mt Carlton in October 2021 from Evolution Mining (ASX: EVN), the latter company becoming a significant shareholder in the Stawell, Victoria-based explorer.