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Auravelle Metals (ASX:AUV) has this month expanded the Crown gold project near Kalgoorlie in Western Australia through the addition of nine more prospective tenements covering an area of 20 square kilometres.
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The strategic assets are immediately south of the Crown project, where both the existing and new tenements contain similar geology and structures associated with Black Cat Syndicate’s (ASX: BC8) nearby 500,000-plus-ounce Majestic gold mining centre, part of the 1.29 million ounce Kal East gold project.
The company’s MD, Andrew Muir, noted that Auravelle’s CY25 aircore drilling successfully identified gold anomalism over at least two km north to south.
“This acquisition is a logical and cost-effective bolt-on to our existing Crown gold project. Key structures associated with Black Cat’s nearby Majestic gold centre transect the expanded Crown gold project and will be a focus for future exploration,” Mr Muir told Auravelle shareholders today.
Next up, he explained: “The gold anomalism detected in historical RAB and aircore drill holes requires further investigation and follow-up.
“Initial work will focus on incorporating all historical data into the Auravelle systems to enable target generation for future soil sampling and drill programs across the expanded tenement package.”
The gold anomalism previously identified returned grades of up to 1.78 grams per tonne (g/t) within 35m of surface.
Auravelle is currently compiling all relevant datasets and will include the new tenements in the expanded Crown scheduled workflow, including soil sampling and drilling. Planned work will include first-pass and follow-up aircore drilling, followed by deeper RC drilling.
Auravelle’s 100%-owned Crown sits in one of Australia’s most productive gold belts, within trucking distance of multiple third-party processing plants.
AUV is steady at 1.5¢. Mkt cap $7.968M.
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