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- Navarre Minerals Limited (NML) reports on its completed drilling program at the St Arnaud Gold Project 240 kilometres northwest of Melbourne, Victoria
- The new assay results come from a 17-hole program of 4580 metres of drilling
- Drilling has intersected two main mineralised quartz-sulphide bearing structures containing broad zones of irregularly distributed low to medium grade materials
- Results include one metre at 13.9 grams per tonnes (g/t) gold within a broader zone of 25.3 metres at 1.7 g/t gold from 157.7 meters
- The Nelson Line produced the most gold and was worked over a strike extent of approximately five kilometres to a maximum depth of 685 metres
- Navarre Minerals Limited (NML) closed trading on January 20 at 9.4 cents
Navarre Minerals Limited (NML) reports on its completed drilling program at the St Arnaud Gold Project 240 kilometres northwest of Melbourne, Victoria.
The new assay results come from a 17-hole program consisting of 4580 metres of drilling, which tested the shallow gold potential beneath the old Comstock open pit on the Nelson Line.
The Nelson Line is one of three main lines of reef worked within the historical 400,000-ounce St Arnaud Goldfield.
The drilling has intersected two main mineralized quartz-sulphide bearing structures containing broad zones of irregularly distributed low to medium grade gold, silver and arsenic assays and rare visible gold.
Results include one metre at 13.9 grams per tonnes (g/t) gold within a broader zone of 25.3 metres at 1.7 g/t gold from 157.7 meters.
St Arnaud Goldfield consists of the New Bendigo (Bristol), New Chum and Nelson lines.
The Nelson Line produced the most gold and was worked over a strike extent of approximately five kilometres to a maximum depth of 685 metres in the goldfield’s deepest mine, the Lord Nelson Mine.
The Lord Nelson Mine was the only mine to produce gold from sulphide ores below a depth of 200 metres, with records showing a total of 323,000 recovered ounces.
“The company is pleased with the results from its first round of diamond core drilling on the Nelson line of reef,” Navarre Managing Director Ian Holland said.
“The recognition of a higher-grade gold shoot with similar geometry to those historically mined within the prolific St Arnaud Goldfield gives us the confidence to forge ahead with our methodical evaluation of what is the second-largest hard-rock goldfield in Victoria’s Stawell Geological Zone,” added Mr Holland.
The latest diamond core drilling results follow up on previously reported high-grade gold intercepts recorded in reconnaissance air-core drilling.
Navarre’s next step at St Arnaud is to complete two-kilogram bulk leach extractable gold (BLEG) sampling, to test for the presence of coarse, ‘nuggety’ gold potentially missed by the routine 50-gram fire assays.
Navarre Minerals Limited (NML) closed trading on January 20 at 9.4 cents.
