Navarre intersects Tandarra mineralisation

THE DRILL SERGEANT: RC drilling being conducted by Stawell-based gold exploration company Navarre Minerals has hit 24 metres at 2.5 grams per tonne gold from a depth of 35 metres, including 3 metres at 10.9 grams per tonne gold and 1 metre at 15.3 grams per tonne gold.

The drilling is part of a program currently underway at the company’s Tandarra prospect.

 

Bendigo North project and Tandarra prospect location map. Source: Company announcement

 

This result is from the first drill traverse undertaken across the Tomorrow Anticline as part of a 25,000 metre resource definition drill program at the Tandarra prospect, part of the company’s Bendigo North project, 40 kilometres north of Bendigo in Victoria.

Navarre said the data obtained from this RC program will be used to calculate the estimation of a maiden mineral resource at Tandarra by the end of 2012.

“We are particularly pleased with the width of gold mineralisation intersected in (drillhole) RCT006 and its relatively shallow depth from 35 metres down-hole as it aligns with our concept target of a mineral resource that may be suitable to potential open pit mining”, Navarre Minerals managing director Geoff McDermott said in the company’s announcement to the Australian Securities Exchange.

Navarre is targeting gold mineralisation at Tandarra below a thin veneer of sand and clay cover ranging in thickness from 20 to 50 metres.

The current drilling activity is set to be heightened by the addition of a second drill rig in February.

“While we experienced some delays associated with contractor’s equipment, we are now in full swing at Tandarra and we are looking forward to a busy program over the next few months,” McDermott said.

Navarre Minerals expects to release more drill results in the coming weeks from two further diamond holes at the Kingston gold project and from the ongoing RC resource definition drilling at Tandarra.