Curated News
By: NewsRamp Editorial Staff
May 20, 2024
Carnavale Resources Discovers New Gold Zone at Kookynie Gold Project
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- Carnavale Resources discovered a new gold zone, Valiant, at Kookynie, providing new targets for further exploration.
- The company drilled 72 holes totalling 4,192 metres, expanding the mineralisation envelope from Valiant to Tiptoe.
- The discovery of a new gold zone and extension of the Tiptoe prospect in Western Australia contributes to the world's gold resources.
- Carnavale Resources' latest aircore drilling program in Western Australia discovered a new gold zone, Valiant, and extended the Tiptoe prospect.
Impact - Why it Matters
The discovery of a new gold zone and the upcoming release of a mineral resource estimate at the Kookynie Gold Project could have significant implications for the company's future operations and the broader mining industry. Investors, stakeholders, and mining enthusiasts should closely follow Carnavale Resources' progress and the potential impact on the gold market.
Summary
Carnavale Resources Ltd (ASX:CAV) CEO Humphrey Hale announces positive results from the latest aircore drilling program at the Kookynie Gold Project in Western Australia. The company discovered a new gold zone, Valiant, over a 250-metre strike length and plans to release a maiden mineral resource estimate (MRE) and associated mining evaluation for the Swiftsure and McTavish East prospects in June.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Carnavale Resources Discovers New Gold Zone at Kookynie Gold Project
