Carnavale Resources wraps up Phase 3 aircore drilling on exploration fast-track at Kookynie Gold Project
The program was designed to infill and extend the high-grade anomalies outlined in previous drilling in December 2020 and March 2021. The first assay results will be reported towards the end of June 2021.
Carnavale Resources Ltd (ASX:CAV) (FRA:YBB) has successfully completed its third aircore drilling program of 135 holes for 7,432 metres at the Kookynie Gold Project 60 kilometres south of Leonora in the Western Australian Goldfields.
The program was designed to infill previous high-grade intercepts to provide targets for RC drilling and test the extents and potential of the structural features in the weathered profile identified in earlier drilling completed in December 2020 and March 2021.
Carnavale Resources Ltd s (ASX:CAV) (FRA:YBB) CEO Humphrey Hale tells Proactive s Andrew Scott they ve commenced the third phase of aircore drilling of.
Carnavale Resources completes purchase of Barracuda Platinum-Palladium-Nickel-Copper Project
The company has been granted ministerial consent for the transfer of the licence, which is around 60 kilometres east of Mt Magnet. $2.1 million was raised in a placement to complete the purchase and fund initial exploration.
Carnavale Resources Ltd (ASX:CAV) (FRA:YBB) has been granted ministerial consent for the transfer of 100% of the Barracuda Platinum-Palladium-Nickel-Copper Project near Mt Magnet in Western Australia to the company.
As consideration for the settlement of the acquisition of granted licence E58/551, $40,000 has been paid to the vendors, Corporate & Resource Consultants Pty Ltd and Bruce Legendre, with 29 million CAV shares also issued.