- Carnavale Resources (CAV) wraps up the first round of reverse circulation (RC) drilling at the Carnage prospect within its Ora Banda gold project in Western Australia
- Nine wide-spaced drill holes were completed to follow up aircore drilling that returned a peak intersection of four metres at 30.2 grams per tonne gold
- While assays from the RC drilling are expected in January, Carnavale believes the prospect has favourable geology to host a significant gold deposit
- Shares in CAV last traded at 0.5 cents on December 5
Carnavale Resources (CAV) has wrapped up the first round of reverse circulation (RC) drilling at the Carnage prospect within its Ora Banda South gold project in Western Australia.
This round of drilling was completed to follow up aircore drilling that returned high-grade gold results including a four-metre intersection grading 30.2 grams per tonne (g/t) gold.
The most recent work identified major shear structures crosscutting a sedimentary basin with a felsic intrusion that the company said correlates to a “substantial regolith gold anomaly” identified in the aircore program.
Assays are expected in January, but so far CAV said the geology is favourable to host a “significant” gold deposit.
Carnavale CEO Humphrey Hale said the maiden RC program “confirmed the geological interpretation” defined by the aircore and geophysics, and the company looks forward to receiving the results.
Ora Banda South is 65 kilometres northwest of Kalgoorlie in the Yilgarn Craton of WA.
The company’s overall aim of drilling at the project is to discover a large-scale deposit within the sedimentary package on the Carnage shear which is analogous to the St Ives discovery.
Shares in CAV last traded at 0.5 cents on December 5.