Carnavale Resources back resource drilling at McTavish East
November 24, 2023 at 01:31 am IST
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Carnavale Resources Ltd (ASX:CAV) MD Humphrey Hale tells Proactive the company has started further resource drilling at Kookynie Gold Project’s McTavish East prospect as it targets a shallow, maiden JORC 2012-compliant mineral resource estimate (MRE) early next year. The 36-hole, 4,200-metre reverse circulation (RC) program is following up extensional high-grade gold results from recent RC drilling in fresh rock that identified high-grade gold shoots.
“With this round of drilling, we are targeting the achievement of a maiden resource early in 2024 that will support mining studies," Hale said. "We are confident this drilling will show increased continuity of the high-grade shoots and add ounces.”
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Jonathan Jackson
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Jonathan@proactiveinvestors.com
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Carnavale Resources Limited is a mineral exploration company. It is engaged in acquiring and exploring advanced exploration and development projects. It is focused on exploring and developing high-grade, truckable resources at the Kookynie Gold Project, of a similar size to the historic Cosmopolitan Mine that can be processed at an existing third-party nearby processing plant. The Kookynie Gold Project is located only 60 kilometers (km) south of Leonora in Western Australia. Its Grey Dam Ni-Co Project is located near Kurnalpi approximately 90 km northeast of Kalgoorlie, West Australia. It has 80% ownership in the Ora Banda South Project, which covers an area of approximately 25 square kilometers, located 65km northwest of Kalgoorlie in Yilgarn Craton, Western Australia. It also owns the Barracuda Ni Cu PGE Project. It continues to evaluate new gold exploration opportunities and exploration projects associated with the electric battery sector and other new-age disruptive technologies.