Carnavale Resources Limited expands gold in soil anomalies at Ora Banda South proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
Carnavale Resources moves to 80% ownership at Kookynie Gold Project
The gold and nickel sulphide explorer has increased its holding in the Kookynie project, a relatively new exploration target in the heart of a gold camp that has historically produced over 650,000 gold ounces. Carnavale Resources has acquired 80% of a key WA gold project.
Carnavale Resources Limited has exercised its option to acquire 80% of the WA-based Kooykynie Gold Project from Western Resources Pty Ltd.
The explorer secured the option back in August 2020, adding the first gold project to its nickel sulphide exploration portfolio.
Last year, Carnavale paid $100,000 and 37.5 million shares to secure the Kookynie option now, it will pay a futher $250,000 and 50 million shares to acquire 80% of three tenements from Western Resources, which will free carry to a bankable feasibility study.
Carnavale Resources Ltd hits bonanza grade gold at Kookynie Project proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
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 gains a strong mix of exploration and corporate skills with appointment of new CEO
Humphrey Hale has already made a strong contribution to the company as a consultant and Carnavale is likely to benefit from his strong mix of exploration and corporate skills. He has over 25 years of experience in the resource industry, exploring and developing assets.
Carnavale Resources Ltd (ASX:CAV) (FRA:YBB) has appointed Humphrey Hale, a resource industry veteran, as chief executive officer (CEO) effective June 1, 2021, a move that will benefit the company as he brings a strong mix of exploration and corporate skills.
Hale has held the role of consulting managing geologist at Carnavale from July 2020 and has successfully managed the acquisition of new opportunities and exploration of the company’s assets.