Navarre hits broad copper gold at Eclipse

/in /by

THE DRILL SERGEANT: Navarre Minerals (ASX: NML) has encountered broad intervals of copper and gold mineralisation while conducting a reverse circulation (RC) drilling program at the company’s 100 per cent-owned Eclipse copper-gold prospect.

The drilling was carried out to test the first of three Induced Polarisation (IP) geophysics targets at Eclipse, which is located in the Miga Arc region in Victoria.

 

Location of Navarre’s Victorian mineral projects relative to the Miga
Arc copper belt shown in green. Source: Company announcement

 

Navarre explained the RC drill program was following up a geophysics survey which detected three target zones, and a shallow RC drill campaign completed in January that resulted in the discovery of near-surface copper and gold mineralisation up to 2.8 per cent copper and 3.6 grams per tonne gold starting at 30m from surface.

Broad zones of gold and copper intersected include:

RCBR0012
136 metres at 0.3g/t gold from 6m to end of hole;

RCBR0012
107m at 0.2 per cent copper from 31m to end of hole;

RCBR0017
95m at 0.1 per cent copper from 25m to end of hole.

“It is pleasing that the initial results from our first RC drill program delivered broad intervals of primary copper and gold mineralisation,” Navarre Minerals managing director Geoff McDermott said in the company’s announcement to the Australian Securities Exchange.

“Our systematic approach of chasing this mineralisation progressively deeper is delivering results, a methodology we believe could offer the best opportunity for a significant discovery.

“The results give us confidence to expand drill testing into the other two undrilled geophysics targets at Eclipse.”

Email: info@navarre.com.au

Website: www.navarre.com.au