Carnavale Resources hits bonanza gold grades at McTavish East
February 20, 2024 at 07:41 pm
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Carnavale Resources Ltd (ASX:CAV) CEO Humphrey Hale joins Jonathan Jackson in the Procative studio to discuss bonanza gold grades up to 84.5 g/t at the McTavish East prospect within the Kookynie Gold Project in Western Australia. The results come from reverse circulation (RC) and diamond drilling completed in December 2023. Drilling confirmed and infilled significant high-grade plunging gold zones at the prospect, which is very close to Genesis Minerals’ Ulysses Project. These results give the company the confidence to commission a maiden resource estimate. Carnavale has also started an aircore and RC drilling program to further explore the area.
“This gives the company confidence to commission a maiden resource estimate and economic studies to evaluate potential mining scenarios," Hale said. "We are very excited about the additional exploration opportunities along strike and have commenced an exploration program to explore this fertile zone for additional high-grade shoots with aircore and RC.”
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Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Carnavale Resources Limited is a mineral exploration company. It is engaged in acquiring and exploring advanced exploration and development projects. It is focused on exploring and developing high-grade, truckable resources at the Kookynie Gold Project, of a similar size to the historic Cosmopolitan Mine that can be processed at an existing third-party nearby processing plant. The Kookynie Gold Project is located only 60 kilometers (km) south of Leonora in Western Australia. Its Grey Dam Ni-Co Project is located near Kurnalpi approximately 90 km northeast of Kalgoorlie, West Australia. It has 80% ownership in the Ora Banda South Project, which covers an area of approximately 25 square kilometers, located 65km northwest of Kalgoorlie in Yilgarn Craton, Western Australia. It also owns the Barracuda Ni Cu PGE Project. It continues to evaluate new gold exploration opportunities and exploration projects associated with the electric battery sector and other new-age disruptive technologies.