Navarre Minerals is upbeat about new diamond drilling results from its ongoing testing program at its wholly-owned Stawell Corridor Gold Project in western Victoria.
The drilling is testing part of an exploration target recently declared at the Adventure prospect with the aim of expanding the existing Mineral Resource.
Two potential gold shoots have been confirmed inside the area of the exploration target , requiring further expansion drilling to delineate.
The best results were from a hole which assayed 2.2m at 3.6g/t gold within a broader zone of 5.4m at 2.1g/t gold.
The assays included Adventure’s first recorded visible gold.
Navarre managing director Ian Holland said the ongoing campaign would add significantly to the company’s resource base as it continued to execute its expansion diamond core drilling programs.
Backed by a recent $14.9m capital raising, Navarre is focused on expanding its gold inventory with infill and step-out drilling on both Resolution and Adventure prospects.
