- Carnavale Resources (CAV) identifies a high-grade mineralised zone that extends for over 550 metres at McTavish East
- This prospect is part of the Kookynie Gold Project in Western Australia where Carnavale completed phase three aircore drilling
- McTavish East returned high grades of up to 32.5g/t gold and so did the McTavish North prospect which returned gold grading up to 16.3g/t
- Moving forward, Carnavale plans to conduct deep reverse circulation drilling to unlock the high-grade gold potential at depth
- Company shares were trading steady at 0.8 cents
Carnavale Resources (CAV) has received assays from phase three aircore drilling at the Kookynie Gold Project in Western Australia.
The third round of drilling included 135 holes, for 7432 metres, and aimed to explore potential at the Champion South deposit and follow up on the strong gold anomalies identified in the first two rounds of aircore drilling.
Drilling infilled, extended and expanded the anomalies at the McTavish East and McTavish North prospects.
McTavish East returned the highest grade gold with results including four metres at 31.08 grams of gold per tonne (g/t) from 96 metres, two metres at 32.5g/t gold from 18 metres, and eight metres at 4.06g/t gold from 20 metres including two metres at 15.6g/t gold.
Carnavale identified a high-grade mineralised zone that extends for over 550 metres at McTavish East which remains open to the north.
Chairman Ron Gajewski was pleased with the discovery and the drill results.
“We are very excited to have discovered a new gold zone with bonanza grades under cover at Kookynie,” Mr Gajewski said.
McTavish North returned strong, shallow gold mineralisation and results include two metres at 16.3g/t gold from 10 metres, six metres at 2.53g/t gold from 18 metres including two metres at 6.55g/t gold, and four metres at 2.95g/t gold.
The McTavish North prospect’s mineralised zone strikes for 240 metres and is open to the northeast.
Lastly, drilling at Champion South returned broad shallow intercepts. These include six metres at 1.19g/t gold from 30 metres, 10 metres at 0.93g/t gold from 32 metres and eight metres at 0.65g/t gold from 44 metres.
“From this recent drilling we have grown the mineralised zones and have a greater understanding of the orientation of the gold bearing structures. We are ready to drill deeper with reverse circulation (RC) drilling to unlock the high-grade gold potential at depth.”
Carnavale plans to conduct RC drilling to test the shallow, high-grade gold mineralisation.
Company shares were trading steady at 0.8 cents at 1:15 pm AEST.