Navarre Minerals sets ambitious 330-day drilling campaign in Victoria

Introduction

This tutorial provides a comprehensive overview of Navarre Minerals' ambitious 330-day drilling campaign in Victoria, outlining the company's strategy for exploring gold resources in the region. With a focus on the Tandarra and St Arnaud prospects, this guide will detail the steps Navarre is taking to enhance its exploration efforts following a successful capital raise.

Step 1: Understand the Capital Raise

• Navarre Minerals successfully raised $6 million, which is fully allocated for exploration activities.
• This funding allows for continuous exploration and development of their gold projects in Victoria.
• Awareness of the capital raise is crucial for understanding the scale and ambition of the drilling campaign.

Step 2: Plan the Drilling Campaign

• The drilling campaign spans 330 days and will include diamond and aircore drilling techniques.

Key project sites include

• Tandarra
• St Arnaud
• Irvine project
• The focus is on extending and defining resources at these significant sites.

Step 3: Leverage Project Location

• Navarre’s projects are closely located, which enhances exploration efficiency.
• This proximity allows for streamlined logistics and resource management during the drilling phase.

Step 4: Execute the Drilling Program

Implement the planned drilling techniques

• Diamond Drilling: Provides core samples that are crucial for geological analysis.
• Aircore Drilling: Useful for obtaining samples from shallow depths and assessing near-surface gold deposits.
• Regularly monitor progress and analyze samples to inform ongoing exploration decisions.

Step 5: Analyze and Report Findings

• Collect and analyze data from drilling activities to assess resource potential.
• Prepare reports on findings and share insights with stakeholders to maintain transparency and attract further investment.

Conclusion

Navarre Minerals is embarking on an ambitious drilling campaign aimed at revitalizing Victoria's gold mining landscape. By leveraging a successful capital raise and focusing on efficient exploration at strategically located sites, the company is positioned to enhance its resource definition and extend its mining projects. For those interested in the gold exploration sector, keep an eye on Navarre’s progress and consider the implications for future investments in mining.