A recent three-dimensional Induced Polarisation (3DIP) geophysics survey at the Morning Bill prospect in Western Victoria has increased hopes of a major mineralised system.
Based on the results, Navarre believes this newly identified target indicates abundant sulphide mineralisation around a potential porphyry core.
The survey follows up the inaugural diamond drilling campaign earlier this year, confirming large gold, silver, and polymetallic mineralisation.
Navarre Managing Director Ian Holland said, “This is an exciting result, and we have many reasons to be highly optimistic about our planned drilling at Morning Bill.
“The modelled 3DIP data has revealed a large, high-chargeability anomaly which we believe
may represent a porphyry target of approximately 900 metres long by 600 metres wide.”
Further drilling will commence after harvest time. A Gradient Array Induced Polarisation (GAIP) survey is nearing completion to discover further targets.
Read the full announcement here: Compelling IP chargeability target defined at Morning Bill