Carnavale launches much awaited test of prospective Kookynie corridor
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Carnavale has been chomping at the bit to test an intriguing 1.1km structure at its Kookynie gold project and will finally get to do so with the start of aircrore drilling.
The 5,000m program will seek to expand the high-grade McTavish East discovery, by testing the structure between McTavish East and Champion South.
While previous exploration in the area has been hindered by surficial transported cover and a depleted weathered rock profile, Carnavale Resources’ (ASX:CAV) drilling at McTavish East had identified what appeared to be the key towards finding high-grade gold.
Its work had found that anomalous gold hosted in transported material was directly attributable to primary high-grade gold at depth within bedrock geology, leading to the outlining of the +0.1g/t gold anomaly using the limited amount of previous aircore drilling.
“We are very excited to be exploring the highly prospective corridor between the newly discovered high-grade McTavish East prospect and the Champion South prospect,” chief executive officer Humphrey Hale says.
“CAV has gained a better understanding of the complex regolith profile in the target zone from earlier aircore and RC drilling programs completed by CAV at the Kookynie Gold Project, as a result we can see strong potential in areas that were previously overlooked.”
The Kookynie mining district near Leonora, Western Australia, is famous for hosting high-grade gold deposits such as Cosmopolitan, Altona, Champion, Batavia, Leipold and McTavish.
Most of these deposits were mined at the turn of the 20th century when Kookynie was a substantial mining centre and were all made where there was no transported cover.
Recent activity by fellow ASX companies has proven that there is still plenty of gold to be found in the area with Carnavale’s recent high-grade hits proving that it has made its own mark.
Earlier drill results such as 16m grading 20.92 grams per tonne (g/t) gold from 161m, 4m at 31.1g/t gold from 96m and 4m at 17.82g/t gold from 78m has the company waiting with bated breath for results from its second RC drill program that was completed in late April.
Most of the 30 holes in this program had focused on the McTavish East prospect with 16 holes, two re-entries and three pre-collars drilled to test extensions to the high-grade zone along strike and at depth.
This article was developed in collaboration with Carnarvale Resources, 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.