Stawell Corridor Gold Project

Location

Western Victoria, Australia

Geological Province

Cambro-Ordovician Stawell Zone of the Lachlan Fold Belt

Commodity

Gold

Ground holding

Exploration Licences 5480 & 5476 (414 km2) and Exploration Licence Application 006418

Status

Navarre Minerals 100%

Project Summary

Navarre’s Stawell Corridor Gold Project, incorporating the historic Ararat Goldfield and recently discovered Tatyoon under-cover gold occurrence,  is located 35km south-east of the operating Stawell Gold Mine which is owned by Navarre’s largest shareholder and leading Victorian gold producer, Crocodile Gold Corp.

The Stawell Corridor tenements were acquired in order to explore the southern, partially covered extension of a corridor of rocks that host the Stawell (5 million ounce) and Ararat (1 million ounce) gold deposits.  Ninety percent of the corridor is buried beneath shallow cover and it only surfaces at Stawell and Ararat on both sides of the Great Divide (Figure 1). New technology is starting to reveal the gold potential of this prospective corridor under cover.

Gold mineralisation of the Stawell-type is finer grained, more continuous and relatively more predictable than the nuggety quartz reef hosted gold mineralisation typical of the Bendigo and Ballarat goldfields.

A geological model developed from Stawell’s Magdala Gold Mine is the basis for planned exploration to be guided by geophysics and drilling to target gold mineralisation within sulphidic sedimentary rocks on the flanks of large Cambrian basalt domes.

Click here to download the information required by Part 2 of Schedule 8 of the MRSD Regulations 2013 for ELA 006418

Figure 1: Plan of the Stawell Corridor Gold Project tenements and Stawell look-a-like targets.

Figure 2: Aeromagnetic image and geological fault interpretation surrounding the Stawell Granite showing the symmetry of structure and location for the Stawell Gold Mine and Navarre’s new prospects; Benno’s and Irvine’s in the northern Ararat Goldfield. The named Stawell Fault south of Irvine’s is the interpreted equivalent fault to that near Magdala based on structural re-construction of the northern Ararat region.

Figure 3: Gold in Rock Chip assay results from surface sampling and mapping at Irvine’s and Benno’s prospects. Historical drill results and holes are also shown. The underlying image is an airborne magnetic (TMI) image. Gold grades are rounded to 0.1g/t Au.

Figure 4: Stawell’s Magdala Gold Mine geological plan (1000mRL level) with photos of surface rocks collected from Irvine’s gold prospect showing respective similarities to the rocks from the mine (diagram courtesy of Stawell Gold Mines).