Carnavale Resources Ltd (ASX:CAV) has completed a substantial and aggressive drilling campaign at McTavish East Prospect of the Kookynie Gold Project, Western Australia, designed to extend mineralisation and infill previous results that returned high grades, including some bonanza-grade hits.
The 29-hole, 5,364-metre reverse circulation (RC) program targeted high-grade plunge shoots at McTavish East, with additional holes added as promising geology and structures were intersected.
The prospect has previously produced results up to 6 metres at 79.21 g/t gold from 97 metres of depth, with a higher-grade section of 3 metres at 152 g/t gold.
Awaiting assays before next steps
“We are very excited to have completed a substantial RC program at Kookynie, infilling and extending the outstanding high-grade gold zone identified in July,” Carnavale Resources CEO Humphrey Hale said.
“The samples have been dispatched to the lab and we expect to see results from this campaign to be reported in October.
“The geology and structure intersected in this RC drilling campaign was encouraging, the next steps will be determined once the assays have been received and interpreted.”
The drilling was completed over a 20-metre by 20-metre grid to offer better resource definition, focusing on previous higher-grade intercepts over a strike length of 250 metres, down to depths of 200 metres below surface.
The company says McTavish East is showing growing similarities in mineralisation style, grade and scale with the previously mined nearby Cosmopolitan Gold Mine, which ranked as one of the largest and most profitable gold mines in WA in the early part of the last century.
Cosmopolitan produced more than 331,000 ounces at 15 g/t gold.
At Kookynie, Carnavale intends to establish a “quality, high-grade gold resource, of a similar size to the historic Cosmopolitan Mine, that can be trucked and processed at a nearby processing plant.”