Navarre’s Morning Bill is looking like a tasty silver-gold system
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Navarre’s Morning Bill prospect is looking increasingly tempting with drilling returning shallow intercepts of up to 71.8 grams per tonne (g/t) silver.
Strongly anomalous gold, silver, lead and zinc grades from the recently completed expansion aircore drilling program has only expanded the mineralised footprint of the prospect within its Glenlyle project in Victoria to over 1,000m by 400m.
This can grow further as it remains open along strike and at depth.
Navarre Minerals (ASX:NML) says the results are further evidence that Morning Bill is a large, concealed gold-silver system.
And that’s not all, regional aircore drilling has also intersected two new areas of anomalous silver about 3km from Morning Bill that will require further exploration.
“It is still early days in the exploration of this mineral system, but we are already of the belief that this prospect could emerge as one of our best mineral discoveries in Victoria, alongside our other discoveries at Resolution, Adventure and Tandarra,” managing director Ian Holland said.
“The latest results provide further evidence that Morning Bill is a 500 million year old, large gold and silver system that is concealed beneath a veneer of unmineralised cover – detecting it has entailed many technical challenges.”
He added that diamond core drilling below the best aircore holes at Morning Bill is progressing well.
Notable results from the latest batch of results received from the 8,400m expansion aircore drilling program include:
Navarre says the broad silver and gold zone intersected in drilling at Morning Bill coincides with a magnetic low zone.
Additionally, the broad gold zone detected in GAC156 is located close to a modelled magnetic “pipe-like” feature with controls to mineralisation unknown at this early stage.
The company adds that while mineralisation and the controlling structures are poorly understood at this stage of early exploration, the current diamond drilling program is expected to provide a better understanding of the geometry of the mineralised system.
This article was developed in collaboration with Navarre Minerals, 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.