- Carnavale Resources (CAV) completes a second reverse circulation drilling program at the Kookynie Gold project in Western Australia
- Work was undertaken at the McTavish East and North prospects to test extensions to previously identified shallow, high-grade gold lodes
- Carnavale says the program was managed closely with drill targets updated as new information was received
- As such, the company extended two previous RC holes and completed three pre-collars for diamond drilling, which is planned and pending rig availability
- CAV ends the day in the grey with shares trading at 1.1 cents
Carnavale Resources (CAV) has completed a second reverse circulation (RC) drilling program at the Kookynie Gold project in Western Australia.
The company is working to acquire an 80 per cent interest in the project through an agreement with private company, Western Resources.
Drilling recommenced last month and covered the newly discovered McTavish East prospect as well as the McTavish North prospect.
At Kookynie East, 30 drill holes for 5210 metres were completed, testing extensions to previously identified shallow, high-grade gold lodes.
At McTavish East, 16 holes were completed as well as three pre-collars for diamond drilling.
Carnavale managed the program closely and updated drill targets as information from logging geology and alteration was received. This resulted in the extension of two previous RC holes at McTavish East.
The strike extent of the mineralised zone has now increased to beyond 320 metres and remains open along strike and at depth.
“The field team has reacted quickly to the geology and alteration encountered in the RC chips,” CEO Humphrey Hale said.
“As a result, we have been able to optimise the drilling program to intersect the mineralised structures efficiently and extend the structures down dip and along strike.”
Results from this program are anticipated to be received by mid-June.
Moving forward, the company plans to mobilise a diamond drilling rig, pending availability, to complete the three pre-collars which will target depth extensions to the mineralised structures.
A seperate aircore drilling program is also planned during the second quarter of this year to expand the McTavish East discovery.
CAV has ended the day in the grey with shares trading at 1.1 cents.