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.
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