Navarre Minerals Announces Drilling Commences at Irvine Gold Project

Navarre Minerals Limited (ASX Code: NML) has announced that the next phase of drilling has commenced at its 100%-owned Irvine Gold Project in Victoria.

The drilling at the Irvine Project is an important, targeted air-core (AC) program comprising up to 7,000 metres in multiple traverses of angled AC holes across six targets, with drill depths of up to 100 metres.

The program is expected to be completed in approximately eight weeks with the first assay results expected to be available in November. Results will be progressively released as they become available.

The program will test three potential new gold zones and expand three confirmed gold prospects within the Project’s known strike length of over eight kilometres. The Irvine Project is situated 15 kilometres south of the four million ounce Magdala gold deposit in Stawell (Figures 1 & 2), and Navarre is seeking to discover and develop a similar large scale, high grade gold project at Irvine.

The program will target the basement gold source to approximately one million ounces of alluvial gold production mined during the 19th century. Navarre has identified several potential shallow gold zones beneath these alluvial workings in its recent field programs, which may form part of the potential source of the Ararat Goldfields alluvial gold production.

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s