Navarre Minerals Limited (ASX: NML) has drilled further high-grade gold intercepts for the 2021 campaign completed on the Crush Creek Gold Project, part of the recently acquired Mt Carlton Operation (Mt Carlton) in north Queensland.
With drill intercepts of up to 211.6 grams per tonne of gold, the results continue to demonstrate the scope to upgrade both the confidence and tenor of the mineral inventory at Crush Creek. The latest results cover the last 13 drill holes completed in the 2021 drilling campaign across the advanced BV7 prospect and the early-stage Gamma target.
This drilling was carried out by Evolution Mining ahead of Navarre assuming formal ownership of the asset and follow on from the previously reported high-grade gold intercepts from Crush Creek announced in December 2021.
Managing Director, Ian Holland, said Navarre anticipates these drilling results will inform an updated resource estimate for Crush Creek which is on-track to be reported in March 2022, along with an updated Mineral Resource and Ore Reserve statement for other Mt Carlton mineral deposits such as V2, A39, Telstra Hill and Mount Carlton United.
“These high-grade gold results continue to highlight the project development opportunities present within the Crush Creek project area as potential satellite operations approximately 30 kilometres from the recently acquired Mt Carlton processing facility,” Mr Holland said.
“The company is pleased with the tenor and width of the gold results returned from the 2021 Crush Creek drilling programme. The latest impressive, shallow, high-grade 655 gram-metre-gold downhole intersection in drill hole B721DD039 reinforces our belief that the delineated mineralisation at BV7 has the potential to significantly extend mine life at Mt Carlton.
“The company looks forward to announcing its updated resource estimate for Crush Creek’s BV7 and Delta deposits, due to be reported in March 2022.”
The 2021 drilling programme has involved two diamond and one reverse circulation (RC) drilling rigs, targeting the shallow resources at the advanced Delta and BV7 prospects as well as testing some regional targets/
n 2021 a total of 111 drill holes for 16,903 metres of drilling were completed, with hole lengths ranging from 40 metres to 347 metres, averaging approximately 150 metres.
The drilling program at Crush Creek has paused for the wet season and is expected to resume in Q2 2022. Planned RC and diamond drilling will test multiple shallow extensional and discovery targets within the Crush Creek tenements with the aim of extending the envelope of known mineralisation.
For further information please visit: https://www.navarre.com.au/mt-carlton/
