26 October, 2017 – The Next Small Cap Since the 19th century, there have been many cries of ‘Eureka’ in the Australian state of Victoria. From the historic gold mining towns of Ballarat and Bendigo, through to the so-called ‘Golden Triangle’, it is a state well known for its extraordinary gold deposits. In fact, the ‘Golden…
Navarre Minerals Limited (ASX: NML) is an Australian-based resources company that is creating value from a portfolio of early to advanced stage gold projects in Victoria, Australia.
Navarre is searching for gold deposits in a corridor of rocks that host the Stawell (~5 million ounce) and Ararat (~1 million ounce) Goldfields. The discovery of outcropping gold mineralisation at the Irvine Gold Project is a prime focus for the Company. This project is located 15 kms south of the Stawell Gold Mine, currently on care and maintenance, which is owned by Navarre’s largest shareholder and leading Victorian gold producer, Kirkland Lake Gold Ltd.
At the high-grade Tandarra Gold Project in central Victoria, exploration work is targeting the next generation of gold deposits under shallow cover 60 kms northwest of Kirkland Lake’s Fosterville Gold Mine. Under a farm-out agreement, Catalyst Metals Limited is earning a 51% equity interest in Tandarra by spending $3 million over four years by advancing the project towards mineral resource status.