Carnavale Resources (ASX: CAV) is diversifying the company's exploration interests and has acquired an exploration license 25 kilometres south of Laverton in the North Eastern Goldfields province of Western Australia.
The first step for Carnavale will be to review all historical data before completing a geophysical program to determine if a drilling program is warranted.
The tenement is located on the southerly plunging eastern limb of the Margaret anticline in the Mt Margaret Mineralfield, within a regional north- south fault system known as the Laverton Tectonic Zone.
Shallow dipping splay faults branch off the main zone of sub-vertical strike–slip faults and are often associated with gold mineralization. Gold mines and deposits hosted by the Laverton tectonic zone include Granny Smith, Chide Harold, Keringal and Sunrise Dam.