Carnavale Resources Ltd (ASX:CAV) has completed reverse circulation (RC) and diamond drilling at its Kookynie Gold Project, including a 29-hole, 4,169-metre RC program at the McTavish East Prospect where the company identified high-grade plunging shoots in previous fresh rock drilling.
The company has produced excellent results from McTavish East which CEO Humphrey Hale highlights below:
Carnavale has also completed an extra seven holes with diamond tails, spanning an additional 356.6 metres of NQ2 core. This has yielded valuable data for upcoming structural, geotechnical and metallurgical studies.
CAV is fully focused on Kookynie after entering an option agreement for the sale of 80% of its Grey Dam Nickel-Cobalt Project to Trans Pacific Energy Group Pty Ltd (TPEG).
To enable resource estimation
CAV’s drilling program will help it to calculate a maiden JORC 2012 code mineral resource estimate (MRE) within 250 metres of surface and economic studies to be undertaken.
Drill results are expected in late January 2024.
“The RC and diamond drilling program was successfully completed as planned. It is exciting to be commencing studies to evaluate the mining viability of the McTavish East Project at Kookynie,” CAV CEO Humphrey Hale said.
“This round of drilling targeted the high-grade gold zones that will support mining studies to be completed in the New Year.
"We remain confident this drilling will show increased continuity of the high-grade shoots and add ounces.”
Calculating an MRE
Area A, (below), was drilled at a density conducive to calculating an initial indicated MRE, inclusive of potential oxide resources.
Long section at McTavish East showing location of proposed drilling at McTavish East.
The drilling aimed to delineate high-grade resources within a 250-metre depth from surface. In contrast, Area B, notable for its significant high-grade intercepts, had not been sufficiently drilled previously to effectively model the high-grade lodes.
The drilling in this area was executed to explore structurally controlled high-grade shoots that could potentially enhance the MRE.
To aid in this exploration, CAV executed a total of 356.6 metres of diamond drilling across seven holes. This activity was intended to furnish structural insights for the exploration model and to procure samples for preliminary metallurgical testing and geotechnical evaluations.
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