CAV has completed further resource drilling at McTavish East following up on excellent, extensional high-grade gold results from recent RC drilling in fresh rock that identified high-grade gold shoots.
29 hole, 4,169m RC drilling program completed, targeting infill and extensions of the high-grade plunging shoots at the McTavish East Prospect identified by previous RC drilling in fresh rock. Additional 7 holes with diamond tails for a further 356.6m of NQ2 core that has provided data for future structural, geotechnical, and metallurgical studies. Drilling designed to allow calculation of a maiden JORC 2012 code mineral resource estimate (MRE) within 250m of surface and economic studies to be undertaken. Drill results expected in late
CEO
Area B has had substantial high-grade intercepts but had not been previously drilled in sufficient density to model the high-grade lodes. This area was drilled to test for structurally controlled high grade shoots that can potentially add ounces to the MRE. CAV completed 356.6m of diamond drilling in 7 holes to provide structural information to the exploration model and provide material for early metallurgical testwork and geotechnical assessment.
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Competent Persons Statement
The information that relates to Exploration Results for the projects discussed in this announcement represents a fair and accurate representation of the available data and studies and is based on, and fairly represents information and supporting documentation reviewed by Mr.
Forward Looking Statements
Statements regarding Carnavale's plans with respect to the mineral properties, resource reviews, programs, economic studies and future development are forward-looking statements. There can be no assurance that Carnavale's plans for development of its mineral properties will proceed any time in the future. There can also be no assurance that Carnavale will be able to confirm the presence of additional mineral resources/reserves, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of Carnavale's mineral properties
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