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- Carnavale Resources (CAV) finishes aircore drilling at its Kookynie gold project in Western Australia
- A total of 104 drill holes were completed to test a prospective corridor that hosts the high-grade McTavish East prospect and the Champion South project
- CEO Humphrey Hale said the most recent work went smoothly and was completed early, with results expected by August
- It follows the company’s second reverse circulation drilling campaign which wrapped up at the end of April with results anticipated in the coming weeks
- Carnavale shares are trading grey at 0.9 cents at 10:02 am AEST
Carnavale Resources (CAV) has finished aircore drilling at its Kookynie gold project in Western Australia.
The 5109-metre program comprised 104 holes to test a prospective corridor that hosts the high-grade McTavish East prospect to the southwest and the Champion South project
to the northeast.
Previous aircore drilling in this area, although limited, outlined a 0.1 grams per tonne gold anomaly that was hosted within the transported cover along the main structure that hosts McTavish East.
According to the company, previous exploration was hindered by surficial transported cover and a depleted weathered rock profile which dominates the target area.
Despite this, CEO Humphrey Hale said the most recent work went smoothly and was completed early, with results expected by August.
“We are very excited to be exploring the highly prospective corridor between the newly discovered high-grade McTavish East prospect and the Champion South prospect,” Mr Hale said.
“CAV has gained a better understanding of the complex regolith profile in the target zone from earlier aircore and RC drilling programs completed by CAV at the Kookynie gold project, as a result we can see strong potential in areas that were previously overlooked.”
This round of aircore drilling follows the company’s second reverse circulation drilling campaign which wrapped up at the end of April.
Assay results were expected by mid-June, however are outstanding with the company anticipating it should have the results in the coming weeks.
Carnavale shares were trading grey at 0.9 cents at 10:02 am AEST.
