Navarre Minerals Limited (ASX: NML) – $0.058

20 Feb 2017

Navarre Minerals Limited (ASX: NML) will commence a 3,000 metre diamond drill program in March at its 100% owned Stawell Corridor Gold Project located 15km south of Stawell in western Victoria (Figure 1).


NML Stawell Au

Figure 1. Location of the Stawell Corridor Gold Project



The drilling program comprises up to 18 diamond drillholes totalling approximately 3,000 metres and is designed to test for the depth of continuity of the recently discovered Resolution Lode that is part of the Irvine Gold Prospect.


Gold mineralisation at Resolution Lode dips steeply to the west and has horizontal widths of up to 30 metres at surface. Mineralisation widths reduce to approximately 5-10 metres at the base of oxidation where higher grade unoxidised mineralisation occurs.


The drilling program is expected to commence in early March 2017 following completion of access approvals and will take approximately 3 months to complete.



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