NML - Navarre Minerals

[System]

Navarre Minerals Limited (NML) is a junior base and precious metals exploration company with four main prospects including:

• The Black Ranges project west of the Grampians;
• The Bendigo North project;
• The Ballarat South project; and
• The Kingston project, 30km north east of Stawell.

http://www.navarre.com.au

 

[mr. jeff]

Worth mentioning news out today,

serious gold intercepts, vein type systems near Bendigo.

"3 June 2011
ASX Release
High grade gold intersected at Bendigo North Gold Project
Highlights:
• 10m @ 34.4g Au/t from 37m down-hole in ACT015, including 2m @ 161.2g Au/t
• High grade intercepts now identified over 2 km
• Host rocks and mineralisation style considered similar to the 22 million ounce Bendigo Goldfield
• Shallow depth of cover
• Recent greenfields discovery in an under-explored area with no previous mining..."

very impressive. I make out their MC to be 7M after todays jump of 130%.

 

[springhill]

Shares on issue 55.8 million
Options 2.6 million (unlisted)
Share Price 18c
Market Cap $10.6 million (0.19 cents)
Cash $1.1m

Major Shareholders Crocodile Gold Corp 9%
(Owner of Fosterville and Stawell Gold Mines)
Board & Management 25%
Top 20 shareholders 60%

Navarre Board
•Geoff McDermott – Managing Director & CEO
•Kevin Wilson – Chairman
•John Dorward – Non-Executive Director
•Colin Naylor – Non-Executive Director
•Jane Nosworthy – Company Secretary

Bendigo North
•100% ownership of flagship project
•Shallow Murray Basin cover conceals gold-bearing basement rocks from previous discovery
•Whitelaw Fault controls gold mineralisation (22 million ounce Bendigo Goldfield)
•New farm-in area expands Navarre’s footprint along Whitelaw Fault
•Target concept: multiple “Bendigo-style” gold in quartz reefs & secondary gold (“alluvials”)
•Recent near surface broad intercepts of gold mineralisation confirm greenfields gold discovery with potential for open pit mining
•Crocodile Gold Corp. “back-in” option

Tandarra
•Navarre considers that Tandarra is the highest quality new gold discovery in Victoria during the past 100 years
•New geophysical approach followed by scout drilling uncovers multiple lines of quartz reef
•Scale potential from multiple quartz reefs
•Our objective is to advance Tandarra to mineral resource status as efficiently as possible
•Bulk sample of RC drill residue to assist grade estimation
•Drill program recommences in Q3 2012



•Drill results supportive of conceptual open pit:
gold grades range from moderate to high-grade
close to surface (18-100m)
potentially open-pit mineable
near established infrastructure and large workforce
open in all directions
•Gold mineralisation identified over 7 kilometres of strike
•850m strike of moderate to high-grade gold mineralisation on Tomorrow Line
•To date, only 3 of 29 potential quartz reefs have been tested by RC drilling


Kingston
•At-surface, oxide gold mineralisation with shallow high-grade gold intercepts including recent Navarre drilling - 16.9m @ 5.5g Au/t from 66m down-hole in DDK001
•100% owned with dominant position along prospective Landsborough Fault
•Historic mining over 1,000 metres of strike to 75 metres deep - high-grade gold, silver and minor lead mined
•Active mining jurisdiction – Stawell Gold Mines operation 30 kilometres away

Black Range
•NML believe that the Black Range Volcanic rocks are similar in age and geology to Tasmania’s Mt Read Volcanics - host to large deposits such as Mt Lyell, Rosebery, Henty & Hellyer
•Under-explored due to poor outcrop and shallow cover
•100% owned
•Large copper-zinc-gold mineralisation of potential volcanic massive sulfide (VMS) system identified at Eclipse
•Experts on Tasmanian VMS rocks and VMS geophysics assisting exploration targeting



They will have to rattle the tin soon, the drill results from Tandarra are worth looking up looks to be a potentially exciting project.
Will be watching this one closely.

 

[springhill]

Appointment of Exploration Manager


Navarre Minerals Limited announce the appointment of Mr Wessley Edgar as Exploration Manager, effective
13 August 2012. Mr Edgar will be a key member of the executive team and will oversee all aspects of exploration for the Company. Mr Edgar has more than 20 years’ experience in the resources industry, predominantly in gold mining and exploration, and also in base metals exploration. Currently, Mr Edgar is Exploration Manager at Castlemaine Goldfields Limited, with a range of responsibilities including regional exploration management and technical project assessments for business development. Prior to joining Castlemaine, Mr Edgar held geological roles with Placer Dome Asia Pacific, Goldfields Limited and Renison Goldfields Consolidated.

Further info on Edgar here.
http://www.zoominfo.com/#!search/profile/person?personId=1003247406&targetid=profile

 

[springhill]

Navarre moves to full ownership of Tandarra gold prospect

● Navarre and Crocodile Gold Corp. sign a heads of agreement to convert Crocodile’s earn-in right at Tandarra to a 2% net smelter royalty on future gold production
● Conversion ensures that Navarre enjoys full ownership of the prospective Tandarra prospect
● Drill season scheduled to start at Tandarra in October

 

[greggles]

Navarre Minerals has been seeing some nice gains in the last month or so on the back of some good news regarding drilling results at their Irvine gold project and an Earn-In and Joint Venture agreement with Black Range Metals Pty Ltd.

Up from 6c to a high of 15c, this one is worth keeping an eye on.

 

[greggles]

NML moving north over the last week after more encouraging drilling results from the Langi Logan Gold Project in western Victoria.

 

[Buckfont]

Navarre is in the area of the NW Victorian goldfields on the Stawell gold corridor. 60 km of tenements south of Stawell. There is drilling in the Glenlyle area north of Stavely's SVY lastest hits of great copper/gold cores.
Nearology may have a positive impact here.

 

[Dona Ferentes]

.... Nearology may have a positive impact here.

Significance for Navarre Minerals (ASX: NML)
- from their Sept Announcement:
SVY’s discovery is significant for NML for three key reasons:
o The discovery occurs adjacent to NML’s EL5425 (green area in map), where SVY is earning up to an 80% interest via a Joint Venture;
o The discovery sheds new light on NML’s 100%-owned Glenlyle Project, which hosts a recently discovered 150m wide zone of silver-gold-base metal mineralisation under shallow cover, within the same volcanic package that hosts the nearby Thursdays Gossan prospect;
o NML will re-evaluate its targeting at the Glenlyle Project, where massive sulphides in drill chips were returned from shallow drilling in March 2019.

 

[Dona Ferentes]

For the Feb competition:
A convergence of positives...
1. Plenty of cash so no more capital raisings
2. Price of gold going up, AUD dropping
3. The nearology of Stavely SVY will see results coming through this quarter
Stavely Arc Projects:
Glenlyle Gold – Silver Project:
• Complete airborne VTEM survey.
• Commence AC (~6,000m) and diamond drill (~2,000m) testing of geochemical and geophysical targets.
Black Range Project (EL 4590):
• Complete diamond drilling (~1,200m) to test IP chargeability target at Eclipse.
Stavely Project (EL 5425):
• Conduct a DHEM survey on the recently drilled holes at the Yarram Gap Prospect to detect if there are any off-hole conductors within a radius of ~200m of the drill hole.
• Conduct selective sampling and assaying on diamond holes

 

[Miner]

Put a bid for NML on the competition thread.
Why I tipped:
Not because I like Mr Wilson very much since his REX days but because he is a far sighted enterpreneur and NML has been counting its time since last so many years with lovely exploration success.
But off late they are different game. Read these announcements.
With inviting an ex KLA as a non executive director is highly speculative story.
From March 5 cents in less than 2 months price is 17 cents and the large volume.
private investor is quietly building -
https://www.asx.com.au/asxpdf/20200521/pdf/44j096x75bxr6v.pdf
https://www.asx.com.au/asxpdf/20200427/pdf/44h86vv15kj9cy.pdf - look at the depth. Amazing . What would be AISC from such resources ?
Who will take it over as Mr Wilson believes in developing and selling.
https://www.asx.com.au/asxpdf/20200430/pdf/44hdm1gljx9xb0.pdf
Read the quarterly report - very encouraging. This section is a music on my ears:

 

[Miner]

https://www.asx.com.au/asxpdf/20200618/pdf/44jr79l067l7hz.pdf
I reckon this acquisition will be the Ace for NML going forward.
https://www.asx.com.au/asxpdf/20200609/pdf/44jh0mtbzqnvlp.pdf
NML is just priming to give me another right opportunity for July tip
Anyone else can tip, however. I need my money back from the investment. So make sure your tip wins

 

[Dona Ferentes]

a bit of an upkick, and what do you get. A T/H ... capital raising

Investor Presentation out -> Still putting lots of holes in the ground

 

[Dona Ferentes]

Amid the new Victorian gold rush, Navarre Minerals Limited is pleased to announce it is expanding the scope of its highly prospective St Arnaud Gold Project in Victoria after receiving priority status over a key exploration licence application.

Following a competitive application process, the State’s minerals regulator, Earth Resources Regulation, has deemed Navarre the preferred owner of the main areas of the historical goldfield, which has produced 400,000 ounces in the past. Navarre has also lodged two new exploration licence applications to secure a strategic tenement package located adjacent to its fully-owned St Arnaud Project.

- spend spend spend, says the Government man

 

[Dona Ferentes]

still in the 'proving up' lane

• Resolution Lode continues to deliver strong, consistent grades of gold mineralisation in an ongoing 10,000m diamond core drilling program, targeting a large maiden mineral resource.
• Strong new results (not true widths) include ... (nice numbers; see Ann.)
• Results extend the known limits of the gold lode system by another 200m south-down-plunge and demonstrate the strong potential to define a substantial mineral resource.
• The new results confirm a second mineralised structure 50m west of the main gold zone and suggest the lode channel may be strengthening towards the south.
• The style and geometry of gold mineralisation is similar to the multi-million ounce Magdala gold deposit, on-strike 20km further north, where gold has been mined from surface to 1.6km depth.
• Navarre is fully funded to continue its resource definition drilling at Resolution Lode with a current working capital balance of approximately $12 million.

 

[brerwallabi]

Drilling results to come maybe to early for this month.
Not sure if they have 5million ozs or a 100million ozs only time will tell, definitely drilling in the right areas.
Closed 13.5 cents Friday, last few months movement during the day rarely exceeds one cent with volume drying up this month.
The stock has been ranging, managed a couple of trades buying on lows.
Currently back in at 12 looking for a upward break through resistance at 14 cents to previous high this year 18cents.

 

[Dona Ferentes]

Not sure if they have 5million ozs or a 100million ozs only time will tell, definitely drilling in the right areas.
Closed 13.5 cents Friday, last few months movement during the day rarely exceeds one cent with volume drying up this month.
The stock has been ranging, managed a couple of trades buying on lows.

more reasons to punch holes in the ground:
▪ Navarre and Australia’s national science agency, CSIRO, have completed a collaborative research project at the Stawell Corridor Gold Project in western Victoria.
▪ Prior research on the nearby 4Moz Magdala gold deposit in Stawell has provided a deep understanding of the structural evolution of a multi-million ounce gold system which has been used as a template to predict where gold mineralisation may occur on other basalt domes within the Stawell Corridor.
▪ The research project has used the latest advanced technologies, including supercomputer-based simulations of deformation-fluid flow transport processes involved in the formation of gold deposits, to highlight drill targets on the flanks of the Irvine and Langi Logan basalt domes.
▪ Air-core drill testing of CSIRO’s predicted targets will commence at Langi Logan this week.
▪ Navarre is fully funded to test CSIRO targets with a current cash balance of approximately $12 million.

Created a bit of buying interest today; back up to 16c

 

[Dona Ferentes]

5 year high, on price (dilution along the way?)

 

[brerwallabi]

A lot of drilling to be completed at numerous sites, yes the hand will be out however they had to my recollection about $2.5 million to burn.
The joy of owning mineral exploration companies is called dilution, however with this one I think there is potential especially where they are drilling to push the share price up continually up for a time.
Time to get out, hard to say when the blue sky is there.
Should a 50% gain be enough?

 

[Dona Ferentes]

Navarre Minerals Seals Strategic High-Grade Gold Acquisition

By Gavin Wendt

Navarre Minerals – (ASX: NML) Market Cap: $133m.

Key Catalyst
Completion of acquisition of Jubilee Gold Project in central Victoria, located in world-class gold district, 25km from the LionGold Corp Ballarat gold operations.

We initiated coverage of NML during March 2019 on the basis of its exposure to the burgeoning Victorian exploration scene. NML is focused solely on Victoria, specifically the search for gold deposits within a corridor of rocks that hosts the Stawell (~5 million ounce) and Ararat (~1 million ounce) goldfields. The company aims to discover and develop the next generation of multi-million ounce gold deposits by unlocking the mineral potential of central and western Victoria's emerging and proven mineral corridors. NML has performed solidly in share price terms, benefitting initially from encouraging results being generated from Stavely Minerals' (ASX: SVY) Thursday's Gossan copper deposit, located 30km to the west of NML's Stawell Corridor Gold Project. Another key project is the Tandarra Gold Project, where high-grade gold has been discovered under shallow cover 60km northwest from the Fosterville Gold Mine.

Latest Activity

Jubilee Project Acquisition
NML has provided an update with respect to the status of its Jubilee Project acquisition in Victoria, which has delivered the company full control over a complementary and strategic high-grade gold exploration asset, situated 25km southwest of Ballarat.

Overview
NML has completed the acquisition of the Jubilee Gold Project in central Victoria, following transfer of exploration licence, EL6689 and a final cash payment to the vendor.

The project is situated within a world-class gold district, 25km from LionGold Corp's Ballarat gold operations. Historically, the Jubilee Gold Mine produced approximately 130,000 ounces of gold at a recovered grade of 12 g/t, but area has remained virtually untouched for more than a century.

An initial air core drilling program is scheduled to start in November as a precursor to potential diamond drilling testing of new geophysical anomalies that are thought to represent repetitions and extensions of the Jubilee quartz reefs.

Details
NML has finalised an agreement to acquire 100% of the Jubilee Gold Project following transfer of exploration licence EL6689 and a final cash payment of $20,000 to the vendor. The exploration licence has been purchased on the following basis:

Reduced: 58% of original size [ 1024 x 195 ] - Click to view full image

The exploration potential of the project includes extensions and repetitions of the mineralised envelope and high-grade shoots historically mined throughout the Jubilee Mine underground workings. Although operations ceased during 1913 in mineralised quartz at the bottom level of the Jubilee Mine, no extraction or exploration is known to have occurred since that time.

Recent mapping has identified several other prospect areas on the tenement that will also be targeted during the drilling season. NML is presently preparing for its maiden aircore drilling program, ahead of a later diamond core program.

Figure 1: Location of EL6689 that hosts the Jubilee Gold Project, in proximity to the Ballarat Goldfield, Victoria.

Technical Significance
The 122 sq km Jubilee Project incorporates the historical 619 metre deep Jubilee Gold Mine (mined from 1887 to 1913) that produced approximately 130,000 ounces of gold at a recovered grade of around 12 g/t from a single east west trending (transverse) quartz reef. Since the mine closed, there have been no reported modern attempts at sustained exploration and no drilling. The property occurs within a highly prospective and prolific mining district, in close proximity to a significant operating gold mine and processing facility located nearby within the historical 12 million ounce Ballarat Goldfield.

Since gaining access to the property, NML geologists have uncovered three main target areas thought to be potential repetitions and extensions of the historical Jubilee quartz reefs (Targets A – C). This is a result of compiling historical reports, surface geological mapping and completing a geophysics program using both Gradient Array Induced Polarisation (GAIP) and magnetic methods. An initial air-core drilling program to test these targets is scheduled to commence in November 2020 as a precursor to potential diamond drill testing.

Reduced: 58% of original size [ 1024 x 784 ] - Click to view full image

Figure 2: Jubilee perspective view showing reconstruction of historical mine workings (black), Jubilee Main Lode (red) and interpreted geophysical (GAIP chargeability and resistivity) target areas (yellow & red dash).

Summary
The acquisition of the Jubilee Project is significant, as it delivers the company full control over a complementary and strategic high-grade gold exploration asset, situated 25km southwest of Ballarat.

Meanwhile, NML is involved in an active drilling campaign. It recently welcomed the arrival of a second diamond drill rig at its 100%-owned Irvine Project, 20km of Stawell's operating mine, where NML is conducting an ongoing resource definition and extension drilling program at Resolution Lode, on the Irvine basalt dome. This program has been extended from 10,000 metres to 12,000 metres, with approximately 7,000 metres completed year to date.

The overall drilling will scope out the depth and strike potential of the Resolution Lode discovery on the eastern flank of the Irvine basalt dome, with the aim of delivering a maiden mineral resource by the end of the March quarter 2021.

https://www.sharecafe.com.au/2020/10/30/nav...ld-acquisition/