26/10/2020 – Stockhead
Special Report: Navarre has completed the acquisition of a high-grade gold mine in central Victoria that had been left almost untouched since production stopped more than a century ago.
The historical Jubilee Mine within the 122sqkm Jubilee project produced 130,000oz of gold at an average grade of 12 grams per tonne (g/t) from a single east-west trending quartz reef between 1887 and 1913. Importantly, this reef is discordant to the north-south ‘grain’ of the host rocks and has a structural setting almost identical to the high-grade Swan – Eagle zone at the Fosterville Gold Mine.
To read the story in full: Navarre poised to drill historical gold mine in Victoria