Carnavale is closing in on the gold prize at Ora Banda South

Carnavale has wrapped up its third aircore drill program which was aimed at closing up the drill spacing at its Ora Banda South gold project near Kalgoorlie.

The program of 105 holes totalling 8,885m follows on previous wide-spaced drilling which returned significant, shallow bedrock results which confirmed the presence of a gold-bearing systems over a strike length of 15km.

Drilling targeted the Highlander and Carnage prospects which have strike lengths of 2.5km and 2km respectively and widths of up to 500m and 400m.

Carnavale Resources (ASX:CAV) chief executive officer Humphrey Hale said the latest drill program tightened up the line spacing on the substantial anomalies.

“We have demonstrated that the system is gold bearing, now we have to zoom in on the highest grade so that we can target the fresh rock source with RC drilling,” he added.

“We have been able to drill deeper into the sediments with this rig which will help us define the gold anomalies in more detail.”

Gold prospects

The Carnage area is overlain with a layer of transported material that is up to 40m in places, preventing any surface sampling such as soils or auger sampling from being effective at detecting concealed gold anomalism in earlier exploration.

Mineralisation is interpreted to be orientated northeast along the Carnage Shear and is modified to have a more North-South trend by the geology.

This extends over a strike of 2.5km and is open to the northeast and southwest.

Highlander has similar geology to Carnage though the depth of transported cover is not as extensive.

Carnavale’s second aircore program confirmed this anomaly in more detail and has outlined more than 2km of strike extent which remains open to the southwest and northeast.

Adding further interest, gold mineralisation has been associated with the same Carnage Shear and similar North-South modifying influences as the Carnage prospect.

###

This article was developed in collaboration with Carnavale Resources (ASX:CAV), a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.