NML 2.50% 10.3¢ navarre minerals limited

Ann: First High-Grade Gold Drill Hits at Irvine Prospect, page-9

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  1. 26 Posts.
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    Great first rewards for effort & persistance upon the Ararat goldfield & Stawell Corridor. Those silica-sulphide drill chips wouldnt be out of place at the Stawell Gold Mine.

    Obviously this program of drilling needs completion, and should generate additional highlight results & geology to confirm the Stawell style. Importantly that style doesnt need lots of holes to generate a gold resource, unlike other Victorian gold deposit styles where at times the grade is really quite unknown. So this project could go from Zero to 100kmh relatively quickly IM and the penetrative next drilling stages in 2017 would really open everybodies eyes to potentially a new Stawell. Not sure why Rivermore associates the success Navarre has at the northern end of the Ararat field with Stavely's west side of the main basalt trends - just nearism at this time without a defined basalt dome and associated altered sediments + faults.

    We all would have to be now more optomistic that NML stock will fly upwards in 2017. Good Christmas present.
 
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