Navarre Minerals operation at Mt. Carlton, Queensland has posted strong gold, silver, and copper results, highlighting strong growth potential.
Exploratory drilling, covering 154 drill holes, located at the Mt. Carlton United (MCU) Prospect has yielded peak intercepts of 67.2g/t gold, 1,954g/t of silver, and 11.9% copper, which confirms potential for a satellite mill to support ongoing operations.
Drilling will continue throughout 2022 as part of an ongoing exploration program. An updated resource estimate for the MCU is expected to be published in March 2022.
Navarre Managing Director Mr. Ian Holland said, “These promising results reinforce our belief that the delineated mineralisation has the potential to significantly extend mine life at Mt Carlton.
“We believe MCU has the potential to become a satellite open pit mining area, just four
kilometres west of the Mt Carlton mill.
Read the full announcement here: Strong Drilling Results Show Growth Potential at Mt Carlton