Navarre Minerals starts summer series

THE DRILL SERGEANT: Navarre Minerals (ASX: NML) has kicked off its 2013 summer field season with an Induced Polarisation geophysics (IP) survey to be carried out over the Eclipse copper-gold porphyry prospect, located in the Miga Arc region in western Victoria.

According to Navarre the aim of the survey is to delineate copper and gold mineralisation associated with a predicted porphyry occurrence beneath a surface footprint measuring 1,000 metres by 500 metres.

The IP survey follows up alterations Navarre intersected whilst conducting its initial drilling program at Eclipse.

 

Location of Navarre’s Victorian mineral projects. Source: Company announcement

 

“Assay results from our initial drill hole on the Eclipse prospect in 2010 were highly encouraging,” Navarre Minerals managing director Geoff McDermott said in the company’s announcement to the Australian Securities Exchange.

“Diamond drill hole DD10BR001 encountered significant hydrothermal alteration assaying 276.1 metres at 0.3 per cent zinc and 0.1 grams per tonne gold from 1.3 metres to end of hole, which we interpret as an outer halo to a potential porphyry copper and gold deposit.”

The Eclipse prospect is one of four porphyry targets Navarre has identified within its 100 per cent-owned Western Victoria copper project.

Navarre explained the IP survey is expected to help determine the extent, geometry and trend of the sub-surface mineralisation.

The results of the IP survey will inform target selection for the company’s next phase of drilling, which it has planned to commence in the first quarter of 2014.

Email:
info@navarre.com.au

Website:
www.navarre.com.au