To bring in some friendly aspects to this small cap :Drilling...

To bring in some friendly aspects to this small cap :

Drilling aimed to expand the known limits of mineralisation at Navarre's V2 and A39 orebodies
and the satellite Mt Carlton United target.

Ongoing resource definition and exploration drilling within the Mt Carlton mining leases in
North Queensland continues to deliver strong gold-silver-copper assays for Navarre
Minerals (ASX: NML).

Drilling involved up to three rigs and aimed to expand the known limits of mineralisation at
the V2 and A39 orebodies and the satellite Mt Carlton United (MCU) target.

At MCU, Navarre has completed 58 reverse circulation holes and three diamond core
holes for 4,088 metres since November.

Best results to date are: 4m at 5.8 grams per tonne gold and 5.1g/t silver from 14m;
6m at 4.2g/t gold, 104.2g/t silver and 0.7% copper from 17m; 8m at 3.8g/t gold,
17.5g/t silver and 0.3% copper from 87m; 6m at 1.6g/t gold and 148.7g/t silver
from 25m; and 11m at 1.3g/t gold and 73.3g/t silver from 18m including 4m at 2.8g/t gold
and 91.5g/t silver from 25m.

MCU open pit

Ongoing exploration will support an open pit operation at MCU approved by the Queens-
land Government in October to supplement production from the V2 open pit mine.

Resource drilling in the first six months of 2022 increased the resource at MCU to
1.1 million tonnes grading at 3.41g/t gold equivalent for a contained 121,000 ounces
of gold equivalent.


V2 and A39 results

At V2 and A39, results from 84 reverse circulation holes for 9,355m represented the
final assays for drilling completed during the 2022 field season.

Best intercepts at these targets were 12m at 1.2g/t gold, 22g/t silver and 0.6% copper
from 52m, and 12m at 2.6g/t gold, 17.8g/t silver and 0.6% copper from 100m (from V2
extension); and 29m at 99.3g/t silver and 0.2g/t gold from 124m, and 26m at 149.7g/t silver
and 0.1g/t gold from 130m (from V2 to A39 copper zone).

The assays are believed to demonstrate the shallow, high-grade nature of the Mt Carlton
deposits.They will be incorporated into a resource update scheduled for release next month.

Prospectivity of Mt Carlton

Navarre managing director Ian Holland said drilling to date had highlighted the prospectivity
of the broader Mt Carlton project area.

“The continued success of our exploration aimed atextending the V2, A39 and MCU
orebodies has been very pleasing,” he said.

“These latest results reinforce the potential to substantially grow our existing mineral
inventory and extend the mine life at Mt Carlton with additional gold, silver and copper ore.”


Believe this will bring some better views to us shareholders, including the request to the
company for a better, further communications between the company and the shareholders
which also brings a stronger confidence in our hard earning invest in this company.

the actual shareprice , which resulted in a less shareholder friendly communication up to
date is more than sad and is not reflecting the actual situation.


elsolivars