Navarre has commenced an extensive geophysical survey of the Morning Bill prospect in Western Victoria to assess the potential of a broader gold-base metals system in the area.
The work is supported by the recent oversubscribed capital raising, which was oversubscribed by $4.9m, totalling $14.9m.
The program will provide a high-quality 3D model, from which Navarre will use to plan an aggressive drilling program, scheduled for the end of 2021.
Geoscience resources will be provided by Khumsup Geophysics, to better understand the “bigger picture” sitting underneath Morning Bill.
The targets believed to be underneath Morning Bill have the potential to, as Managing Director Ian Holland said, “transform Navarre.”
Read the full announcement here: Major geophysics survey commences at Morning Bill