St Arnaud Gold Project

Location

Western Victoria, Australia

Geological Province

Bendigo-Stawell Zone, Lachlan Fold Belt

Commodity

Gold, Silver

Ground holding

Exploration Licence application 006556, (479 km2)

Status

Navarre Minerals 100%

Project Summary

In line with the Company’s strategy of targeting gold mineralisation near multi-million ounce gold mines, the geological team assessed the available data for the historic St Arnaud Goldfield and highlighted considerable potential for a Fosterville-style high-grade gold mineralisation system containing multiple structural targets beneath shallow cover.

Gold was first discovered at St Arnaud in 1855 and was a continuous producer up until 1916 when the mines closed due to the commencement of World War 1. Mining operations during that short period produced more than 360,000oz of gold at a high head grade of 15g/t Au. Approximately 80% of this gold was mined from the Lord Nelson mine, 5% from Wilsons Reef and New Bendigo mines respectively, and the remaining 10% mined from other sub-parallel gold reefs.

The Company’s exploration focus will be on tracing these high grade gold reefs along strike from historic workings and under shallow cover. The company will then utilise modern geophysical techniques, low level soil geochemical sampling (MMI), and aircore drilling to identify shallow zones of high grade gold previously unrecognised by previous explorers and miners.

Click here to download the information required by Part 2 of Schedule 8 of the MRSD Regulations 2013 for ELA 006556