10 February, 2020 – Next Small Cap by Meagan Evans “For the best part of 50 years Victoria’s historically rich goldfields have been a basket case, given lack of government support and disastrous big-ticket attempts to revive the underground Bengido and Ballarat mines. Now, the region is in the midst of a latter-day gold rush”,…
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 and high-grade gold in shallow drilling at Langi Logan are a prime focus for the Company. These projects are located 15 kms and 40 kms respectively south of the Stawell Gold Mine, which Arete Capital Partners has recently reopened.
The high-grade Tandarra Gold Project is located in close proximity to Kirkland Lake Gold’s world-class Fosterville Gold Mine, and 40km north of the 22 million-ounce Bendigo Goldfield. Exploration at Tandarra, in Joint Venture partnership with Catalyst Metals Limited (NML 49%), is targeting the next generation of gold deposits under shallow cover in the region.
At the Glenlyle Project the Company has identified an epithermal gold-silver system above a potential porphyry copper-gold target that occurs in the same volcanic package that hosts the nearby Thursday’s Gossan deposit.
The Company is searching for a potential Fosterville-style high-grade gold mineralisation system at the St Arnaud Gold Project. Recent reconnaissance drilling has identified potential ore grade gold mineralisation under shallow cover which the Company believes may be an extension of the historic 0.4Moz St Arnaud Goldfield.