Previous aircore drilling has identified high-grade, structurally controlled gold mineralisation in regolith, under cover at McTavish East with a strike length of over 500m that remains open to the northeast and at McTavish North over 160m over 160m of strike and remains open to the North.
The March aircore drilling followed up on the initial programme in December 2020 and expanded two areas of significant high-grade gold anomalism within the weathered rock profile, with evidence of additional mineralisation open along structural corridors.
The current drill programme is following up on these anomalies with close spaced aircore designed to define the anomalies sufficient for RC drilling.
The Kookynie Gold Project is along strike and adjacent to Nex Metals Ltd and Metalicity Ltd.'s high-grade Leipold, McTavish Cosmopolitan and Champion deposits, being successfully explored by MCT under an earn in agreement.
Chairman Ron Gajewski commented: "The company is excited about this round of aircore drilling at the Kookynie Gold Project. The earlier aircore drilling produced some strong high-grade gold anomalies that warrant immediate follow-up. We are targeting these high-grade intercepts with infill and extensional aircore drilling that will provide definition to the gold mineralisation prior to RC drilling into bedrock."
The third phase of aircore has been designed to infill areas of identified gold anomalism and prove the extents and potential of the multiple gold anomalies and structural features identified in the first and second phases of aircore drilling.
The project is in the central portions of the historic Kookynie mining centre, which has produced over 650,000oz from high-grade gold lodes. Carnavale's strategy is to explore and define sufficient high-grade gold resources that can be mined and transported to a processing plant nearby. Two types of gold mineralisation occur in the Kookynie area, high-grade gold associated with pyritic quartz veins hosted within north to northeast dipping structures crosscutting favourable lithologies and high-grade gold associated in fault zones within magnetic, differentiated fractions of the granite plutons.
Bostech Drilling has completed two programmes of aircore drilling at Kookynie consisting of 256 holes for 12,506m. The aircore drilling identified multiple gold anomalies and structural features in the weathered rock profile with prospective gold mineralisation open along structural corridors. The drilling successfully used the strong gold anomalism as a vector to high-grade mineralisation, similar to that hosted by historic mines such as Cosmopolitan, Leipold, and McTavish. The second phase of aircore drilling significantly expanded the footprint of this gold anomalism in the weathered profile.
The third phase of aircore drilling has been designed to infill the areas of known anomalism at McTavish East, McTavish North and Champion South that contain high-grade gold intercepts and explore the limits of this anomalism in the weathered profile.
It is expected that the programme will be completed over a period of three weeks, with the first results expected at the end of June 2021.
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