Carnavale Resources Ltd’s (ASX:CAV) (FRA:YBB) systematic exploration program at Kookynie Gold Project, 60 kilometres south of Leonora in the West Australian Goldfields, is well underway, with priority 1 soil sampling in areas of interest completed.
The samples have been dispatched to the ALS laboratory in Perth for analysis, with results expected in December 2020.
Well-funded to fast-track programs
Carnavale executive chairman Ron Gajewski said: “Carnavale is taking a systematic approach to exploring the ground at Kookynie by applying an integrated program of geochemistry, geophysics, and geology to target high-grade gold.
"Carnavale has wasted no time in in the search for high-grade gold.
“The company is well funded to fast track its exploration programs.”
Priority 1 sampling
The company has taken close-spaced soil samples across the interpreted structures along strike to the north of the McTavish deposit and along strike to the south of the Leipold deposit.
These areas are being successfully explored and targeted for gold mineralisation by Metalicity Ltd (ASX:MCT) (FRA:P8O).
The ground along strike from the high-grade Champion deposit, also owned by Metalicity, has been sampled by close-spaced soil sampling.
Remaining soil sampling
The remaining soil sampling program will be completed in mid-November 2020.
Soil sampling areas have been restricted to areas of the tenements with a residual soil profile and no transported cover.
The program is targeting structural gold anomalies similar to the Leipold, McTavish, Cosmopolitan and Champion deposits owned by Metalicity.
Aeromagnetic survey completed
A detailed aeromagnetic survey by Magspec Ltd has been completed.
This will enable the company’s geologists to target the potentially gold-bearing structures that lie beneath the transported cover.
Planned aircore drilling
Carnavale has booked an aircore rig for a program of 6,000 metres of drilling, scheduled to start at the end of November 2020.
Interpretation of the detailed aeromagnetic survey detailed above, combined with the geochemistry will be used to target the potentially gold-bearing structures that extend undercover at the Kookynie project.
This drilling is expected to be completed by December 2020, with results expected in January-February 2020.
Heritage survey completed
The company has also completed an ethnographic heritage survey of the tenement package, in conjunction with the traditional landowners, to ensure that any potential areas of cultural significance are not disturbed.
The survey has found no areas that will impact its current exploration plans.