The latest assays from extensional reverse circulation and diamond core drilling at Telstra Hill, one kilometre from the Mt. Carlton mine has confirmed a strong grade and continuity of the gold-silver-copper deposit.
The assays recorded a peak intercept of 95.2g/t, which indicates outstanding potential for Telstra Hill to become a supplementary ore source for the entire Mt. Carlton operation. These support our key strategic objective of growing the mineral inventory and extending mine life.
The results will form part of the updated Mineral Resource and Ore Reserve estimate due for release in September 2022.
The Telstra Hill results compliment nearby deposits at Mt. Carlton United, Delta, and BV7 which form part of Navarre’s overarching mining strategy. Ore processing facilities lie one kilometre away from the deposits.
Drilling will continue throughout 2022, as Navarre has raised A$4.5m to accelerate the program via placement and share purchase plan.
Navarre acquired the Mt. Carlton mining operation from Evolution Mining in December 2021.
Read the full announcement here: Further high grade gold results from Telstra Hill drilling