Useful resource drilling at satellite tv for pc deposits inside Navarre Minerals’ (ASX: NML) Mt Carlton mine in Queensland is constant to provide sturdy outcomes of gold, silver and copper — with a peak assay of 77.4 grams per tonne gold.
Final month the corporate acquired final regulatory approval from the Queensland government for open pit mining at a kind of satellite tv for pc deposits, Mt Carlton United (MCU), which is positioned 4km from the processing plant.
Simply over every week later assays have been acquired from useful resource definition drilling at MCU, with highlights of 25m at 6.3g/t gold, 28.8g/t silver and 0.1% copper 3m, together with 5m at 17.1g/t gold.
Different holes from MCU returned 12m at 8.1g/t gold and 41g/t silver from 1m, together with 1m at 77.4g/t gold and 204g/t silver; and 13m at 4.1g/t gold and 63.4g/t silver from 7m, together with 3m at 14.3g/t gold and 184.4g/t silver.
Peak assays from MCU have been 77.4g/t gold, 1,326g/t silver and 4.3% copper.
BV7 and Delta satellite tv for pc targets additionally proving up
Drilling on the Crush Creek BV7 goal returned a number of high-grade intersections – one coming in over 15m at 11.4g/t gold and seven.7g/t silver, whereas one other uncovered 4m at 9.8g/t gold and three.1g/t silver.
In the meantime, a gap on the Delta goal returned 7m at 1.2g/t gold and 4.6g/t silver.
Managing director Ian Holland says the corporate’s work at these satellite tv for pc zones proceed to show the mission improvement alternatives inside the broader Mt Carlton mission space.
“It’s nice to see constantly sturdy outcomes being generated from our funding in drilling at Mt Carlton,” he added.
Satellites will ship supplementary feed for mill
These satellite tv for pc deposits are positioned inside quick trucking distances from the corporate’s 960,000t each year processing plant.
Other than the three deposits talked about above, Navarre plans to develop pits on the BV1 and Telstra Hill targets.
At MCU, the corporate has accomplished 58 useful resource definition, reverse circulation holes for two,361m.
Mt Carlton is positioned 130km south of Townsville.
Navarre purchased Mt Carlton in October 2021 from Evolution Mining (ASX: EVN), the latter firm turning into a big shareholder within the Stawell, Victoria-based explorer.
