Navarre encounters more shallow copper-gold at Eclipse

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THE DRILL SERGEANT:  Navarre Minerals (ASX: NML) has announced further gold and copper results from the final batch of samples it has received from a recent 11 hole Reverse Circulation (RC) drilling program carried out at the company’s 100 per cent‐owned Eclipse copper‐gold prospect, located northwest of Melbourne in the Miga Arc copper belt.

Navarre said the drill results have outlined a broad northeast‐trending gold zone, which averages around 0.4 grams per tonne gold and contains irregular higher gold grades of up to 3.6g/t gold, with silver, zinc and lead.

Best results include:

RCBR0003
45 metres at 0.4g/t gold, including 1m at 3.3g/t gold from surface;

RCBR0006
66m at 0.4g/t gold, including 1m at 1.2g/t gold from surface to end of hole; and

RCBR0011
43m at 0.3g/t gold, including 1m at 3.6g/t gold from 3m.

Navarre said it the drilling has confirmed gold mineralisation over a strike length of about 200m, which is only limited in extent by drill testing completed so far.

The company said a ‘horse‐shoe’ shape gold‐in‐soils anomaly highlights the potential for further gold to be found.

The latest drilling has also intersected copper mineralisation, which Navarre said has extended a previously announced shallow supergene copper blanket.

Notable zones of shallow copper returned from the recent drilling program include:

RCBR0001
5m at 1.8 per cent copper within 23m at 0.7 per cent copper from 30m;

RCBR0002
1m at 1.4 per cent copper and 1m at 1.3 per cent copper within 29m at 0.5 per cent copper from 29m;

RCBR0003
1m at 1.6 per cent copper within 9m at 0.4 per cent copper and 0.8g/t gold from 28m;

RCBR0004
2m at 1.2 per cent copper within 15m at 0.3 per cent copper from 37m;

RCBR0006
2m at 2.7 per cent copper within 32m at 0.5 per cent copper and 0.5g/t gold from 28m;

RCBR0007
1m at 1.3 per cent copper within 11m at 0.3 per cent copper from 32m;

RCBR0009 (new result)
22m at 0.2 per cent copper from 27m; and

RCBR0011 (new result)
10m at 0.3 per cent copper and 0.7g/t gold from 30m.

Navarre believes lateral grade continuity from all RC drill results support a larger exploration target of supergene copper.

The company considers further infill and step‐out RC drilling could readily scope the copper potential and provide data for an initial JORC Mineral Resource estimate with economics potentially enhanced by overlapping gold and silver mineralisation.

“We may have ‘cracked the code’ on what is controlling the shallow mineralisation found to date at Eclipse,” Navarre Minerals managing director Geoff McDermott said in the company’s announcement to the Australian Securities Exchange.

“The IP surveys have provided us with a potential pathway and source for the copper and gold mineralisation intersected in our recent drilling.

“The target looks big.”

Email: info@navarre.com.au

Website: www.navarre.com.au