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Carnavale Resources expands gold in soil anomalies at Ora Banda South

The company is encouraged with recent soil sampling results along the southern portion of Carnage Shear Zone, an area of limited historic drilling, which supports the potential to host a gold deposit.

Carnavale Resources Limited - Carnavale Resources expands gold in soil anomalies at Ora Banda South
Ora Banda South Project covers about 25 square kilometres within the highly endowed Yilgarn Craton.

Carnavale Resources Limited (ASX:CAV) has expanded gold in soil anomalies after completing a soil sampling program and gathering 1,100 samples across the Ora Banda South Project in the Yilgarn Craton of Western Australia.

The sampling has confirmed historic anomalies and identified multiple coherent plus-50 parts per billion (ppb) anomalies within broader plus-20 ppb anomalous zones.

There were also additional gold anomalies identified in the northern tenement areas.

In addition to the extensive gold anomalism, CAV has also identified abundant associated arsenic anomalism that is commonly identified with gold-bearing mineralising fluids.

Positive shallow bedrock results

Carnavale chairman Ron Gajewski said: “Exploration is underway in earnest with an aircore rig scheduled to drill in a few weeks.

“The recent soil sampling by CAV and the existing positive shallow bedrock gold results in the limited historic drilling along the southern portion of the Carnage Shear Zone provides support to our view that this area has the potential to host a significant gold deposit.

“The project is very under-explored with a geological setting analogous to more than 2.5 million ounces at 4 g/t Invincible deposit at St Ives.

“These new and historic gold anomalies including the presence of the historic pits have confirmed the fertility of the geological setting and has encouraged CAV to further progress exploration at OBSP.”

Ora Banda South Project

Ora Banda South Project covers around 25 square kilometres area and is 65 kilometres northwest of Kalgoorlie in the Yilgarn Craton of Western Australia.

The Ora Banda region is well endowed with gold, with numerous mines to be found in the area. The historic mines of Ora Banda, Siberia, Bullant, Mt Pleasant, Cashmans and Lady Bountiful are within 15 kilometres of the project.

CAV plans to systematically explore analogous geological settings to the 2.5 million ounces at 4 g/t Invincible Gold Mine, discovered by Goldfields Ltd near Kambalda in 2012.

Soil sampling

The company has gathered 1,100 soil samples on a nominal 50 metres x 200 metres grid covering the residual soil profile along the Carnage Shear Zone as defined by Sentinel and aeromagnetic imagery.

This program has the objective of identifying drill targets and defining the scale of the anomalism present within the tenement package.

Program going forward

Looking forward, CAV is planning an aircore drilling program to target regolith gold anomalism and this is expected to start in August 2021.

Subject to additional results, the company is planning to undertake reverse circulation (RC) and diamond drill for testing the primary source of the regolith gold anomalies.

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Carnavale Resources kicks off its first aircore drilling at Ora Banda

Carnavale Resources Ltd (ASX:CAV)'s Humphrey Hale tells Proactive they've started its initial aircore drilling program at the Ora Banda South Project near Kalgoorlie in WA targeting gold mineralisation. Ora Banda’s geological setting is analogous to the +2.5 million ounces at +4g/t Invincible...

2 weeks, 5 days ago

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