- Carnavale Resources (CAV) has completed a second aircore drilling program at the Ora Banda South Gold Project in the West Australian Goldfields
- A total of 176 holes were drilled at the project to follow up on the strong gold mineralisation identified by the phase one aircore program
- While Carnavale is yet to receive the results, it has gained an improved understanding of the geology and structure, and the depth of weathering within the regolith profile
- Samples have been sent to the laboratory where they are currently undergoing analysis with results expected in late April
- Shares in Carnavale are steady on the market and are trading at 1.1 cents
Carnavale Resources (CAV) has completed a second aircore drilling program at the Ora Banda South Gold Project in the West Australian Goldfields.
A total of 176 holes, totalling 12,894 metres, were drilled at Ora Banda to follow up on the strong gold mineralisation identified by the phase one aircore program.
This phase one program tested targets, aircore gold anomalies and structural targets under alluvial cover.
The program confirmed the prospective Carnage Shear occurs along the 15 kilometre-long tenement and shows anomalous gold, arsenic, lead and bismuth.
Additionally, it returned significant results of four metres at 8.82 grams per tonne (g/t) gold from 40 metres and eight metres at 2.74g/t gold from 48 metres including four metres at 5.1g/t gold from 52 metres.
While Carnavale is yet to receive the results, it has gained an improved understanding of the geology and structure, and the depth of weathering within the regolith profile.
Samples have been sent to the laboratory where they are currently undergoing analysis with results expected in late April.
“We are excited to have completed another substantial aircore program at Ora Banda to test the high-grade gold zones that were identified in the initial scout drilling,” CEO Humphrey Hale said.
“This program was designed to provide definition to the gold anomalies in the regolith along section and improve confidence along strike.
“So far, we have confirmed that the Carnage shear system is fertile for gold mineralisation along a 15 kilometre strike, the results of this program will start to define the scale and extents of this mineralised system.”
Shares in Carnavale were steady on the market and were trading at 1.1 cents at 2:22 pm AEDT.