Navarre Minerals has struck more gold, this time during its diamond drilling campaign, part of the Irvine Gold Project near Great Western.
A “stand-out hit” of 18.7 metres at over seven grams of gold per tonne was intercepted at a depth of 196m.
Navarre Minerals managing director Geoff McDermott said the results were impressive.
“This new set of assays is outstanding, particularly the intercept in the deepest hole, RD006,” he said.
“This suggests the Resolution Lode extends strongly from surface to a vertical depth of more than 170m.
“These mineralised intercepts resemble a lode or shoot type geometry typical of a Stawell-style gold system.”
Mr McDermott said the diamond core results provided new confidence in their geological theories.
“This is reassuring as we embark on a program of shallow air-core drilling testing similar type targets along both flanks of the Irvine basalt dome,” he said.
Navarre Minerals also struck gold last year, discovering 42 grams of gold per tonne from the surface, six grams of gold per tonne from 66 metres and one gram of gold per tonne from 18 metres.
“Last year we made a shallow ground dig, it was one of the many zones Navarre Minerals are looking at,” Mr McDermott said.
“The second stage, diamond drilling, is now at the depth extension.
“It takes core samples and sees what mineral species are present and what their orientations are.”
Mr McDermott said the current results were from four of the six holes Navarre Minerals had drilled.
“It takes approximately eight days to drill and then up to four weeks to get the results,” he said.
“So it is a long process, so far we have dug six holes and got results for four of them.”
Mr McDermott was hoping to discover signs of an “ore-body” in the near future of the drilling campaign.
“An ore-body can be measured, it has width, length, height and density,” he said.
“We are hoping to achieve this in the fullness of time, but for now we need to keep putting holes in the right spots to be able to connect the drilling intercepts geometrically.”