Sign up Australia
Proactive Investors - Run By Investors For Investors

Navarre Minerals starts major drilling program in quest for Victorian gold

The company will carry out up to 25,000 metres of drilling in 2018.
Checking core
The Tandarra project is subject to a farm-out agreement with Catalyst Metals Ltd.

Navarre Minerals Limited (ASX:NML) has started a major drilling program targeting gold at five projects in central and western Victoria.

Up to 25,000 metres of drilling will be carried out over the next six months with the majority at the Irvine and Tandarra projects to further define the extent of mineralisation.

The exploration program represents a major investment and 2018 will be Navarre’s most expansive field season to date.

READ: Navarre Minerals locates new gold structure at the Irvine project

First-pass aircore drilling of circa 1,200 metres has started at the Stawell Granite Gold Project and drilling is expected to start at Irvine Gold Project within two weeks.

There are 8,000 metres of aircore, reverse circulation and diamond drilling planned at Irvine targeting Stawell-style mineralisation.

Drilling resumes at Tandarra

Diamond and reverse circulation drilling recently resumed at the Tandarra Gold Project, which is funded and managed by Catalyst Metals Ltd (ASX:CYL) under a farm-out agreement.

Up to 12,000 metres of drilling will be carried out targeting repetitions and extensions of Bendigo/Fosterville style high-grade gold.

First drilling at St Arnaud and Glenlyle

First-pass programs at the St Arnaud and Glenlyle projects will start progressively in coming months.

The former will comprise 2,500 metres of aircore drilling and the latter 1,800 metres of first-pass and infill aircore AC and RC drilling.

Navarre is searching for gold deposits in the extension of a corridor of rocks that host the Stawell and Ararat goldfields.

View full NML profile View Profile

Navarre Minerals Ltd Timeline

Newswire
October 31 2016
Newswire
August 23 2016

Related Articles

cement mixer
April 27 2018
Pozzolan, and CS in particular, has become the most important area for the group
aerial view of Challenger gold mine
March 27 2018
The company recently accessed a never-before mined area underground, Challenger Deeps.
Picture of gold bar
March 21 2018
Dandoko is in the Kenieba inlier where more than 50-million ounces of gold have been discovered.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use