13 March, 2019 – Small Caps by Lauren Barrett
Navarre Minerals (ASX: NML)
Navarre Minerals is another explorer heavily invested in Victoria. It owns the Tandarra, Stawell Corridor and St Arnaud gold project in western Victoria in addition to a cooper asset.
Recent aircore drilling undertaken at its St Arnaud gold project in Victoria has identified a zone of mineralisation with similar structural characteristics to the Fosterville underground mine located 130km to the east.
The best gold result came from the South Reef, returning 6m at 2.5g/t gold from 80m, including 1m at 5.4g/t gold within a broader interval of 25m at 0.9g/t gold starting from 63m.
Navarre said drilling in the area had delivered compelling new exploration targets, which it will assess in coming months.
(Extract from article)
To read the story in full: Victorian goldfields stage resurgence as explorers flock on Fosterville nearology