LOL
Market is not aware of NML's monstrous potential. You guy can buy as much as you like as there are still sellers.
Very exciting.
Adventure Lode discovery;
"Results reinforce Navarre’s confidence in its exploration model for Irvine to potentially host a significant gold system similar to the 4Moz Magdala gold deposit (at Stawell mine)"
"The AC drilling has defined a strong zone of shallow gold mineralisation (>1 g/t Au) occurring from surface and extending over 1.2 kilometres in strike. The mineralisation remains open down-dip to the west where the gold tenor is expected to increase below the oxide zone in a pattern similar to that occurring at the Resolution Lode and at the Magdala gold deposit."
And more and deeper drilling at Adventure Lode will commence this month;
"3,000m program of resource definition reverse circulation (RC) drilling is scheduled to commence in late May 2018 to extend the Adventure Lode at depth to approximately 120m below surface"(Figure 4 - see Q2 RC drilling program).
Next Steps (more to come)
"The Company is presently awaiting the remaining Adventure Lode infill AC drill results to assist planning of its upcoming resource definition RC drilling program. All significant intercepts are expected to be followed-up with infill or deeper RC drilling. Subject to results, Navarre believes the resource definition drilling program has the potential to lead to a maiden mineral resource for the Irvine Gold Project.
The Company also plans an infill and expansion AC program for Dutton and its potential extension 1 km further south following positive mapping and rock chip sampling results from earlier in 2018.
Navarre believes the multiple zones of gold mineralisation it has discovered at the Irvine Gold Project have the potential to form part of a multi-million-ounce gold system, similar to the nearby four-million ounce Magdala gold deposit, and its targeted, ongoing exploration programs are focused on achieving this outcome."
NML Price at posting:
7.9¢ Sentiment: Hold Disclosure: Held
