Navarre Minerals Limited (“Navarre” or “the Company”) is one of the pioneers of Victoria’s gold renaissance having been an early mover to access quality exploration acreage when the competition for prospective ground was less intense. Within its project portfolio, Navarre is generating considerable exploration success, including discoveries at Irvine and more recently at the Langi Logan gold prospects within the broader Stawell Corridor Gold Project (“SCGP”) as well as at Tandarra, along the Whitelaw Fault Corridor north of Bendigo. Although early days, these discoveries have returned excellent results and have good potential to be converted into gold deposits with ongoing drilling. In addition, Navarre has identified a pipeline of prospects that, with targeted drilling, have the potential to result in further quality discoveries.
Victorian gold is now in focus on the back of the exceptional performance of Kirkland Lake Gold’s (ASX:KLA, TSX:KL), Fosterville Gold Mine (“FGM”, 7 Moz gold endowment) which is on track to produce 550,000 – 600,000 ounces of gold in 2019. Recent drilling at Fosterville has defined the Swan Zone, with Reserves of 588 kt at an exceptionally high 61.2 g/t Au for 1,156,000 oz, highlighting the opportunities that still exist in the Victorian goldfields.
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