to get more confidence in that what lays under the first meter...

to get more confidence in that what lays under the first meter our small-cap-au- company
gets the following notification :


Navarre Minerals (ASX: NML) has reported further high-grade gold intercepts from eight
diamond core drill holes covering its flagship Stawell Corridor and St Arnaud gold projects
in Victoria.
The 4,455m phase one program covered three previously unreported holes at
Stawell, as well as the final five holes of a 13-hole campaign on the New Bendigo Line
within historic working at St Arnaud.

The Stawell holes were completed for a total 1,242m, with two testing the southern margin
of the Resolution prospect.
The third was drilled in the opposite direction to test the Bennobasalt dome target, identified
to the east of the Irvine basalt from geological mapping and in geophysics.

Anomalous gold was intersected in all three holes with a best result of 1.1m at
14 grams per tonne gold from 369.1m in the main lode and outside of the current inferred
resource estimate, implying potential for mineral inventory growth.

New Bendigo results
Results from drilling at the New Bendigo Line advanced the potential of the newly-defined
No.1 East Reef, located approximately 40m east of historic mining on Main Reef and be-
lieved to contain significant areas of visible gold and strong sulphide mineralisation.

The new quartz reef structure has been confirmed over a 250m strike extent, and remains
open to the north and at depth.Highlights included an intercept of 1.4m at 13.1g/t gold
within a broader interval of 6.2m at 3.7g/t from 114.7m; and 1.9m at 1.5g/t gold from
208.4m.
Previous assays have included up to 38.3g/t gold, irregularly distributed within a broader
mineralised quartz reef of up to 30m true width.

The target area at St Arnaud is close to the old New Bendigo mine, which was the
second largest gold mine within the rich St Arnaud goldfield, producing 400,000 ounces
between 1855 and 1916 at an average grade of 15g/t.

Navarre said the latest results confirm the potential to discover significant economic
gold mineralisation beneath, and adjacent to, the shallow historic gold workings

Nelson Line drilling

Maiden diamond core testing has recently commenced on the nearby Nelson Line, also
within the St Arnaud project, for an expected 4,000m campaign.Resource potential will
be tested beneath and adjacent to the old Comstock open pit which was mined late last
century.
Navarre will also test for economic mineralisation at other targets following encouraging
gold assay results returned from reconnaissance aircore drilling.

Exploration incentive

Earlier this week, Navarre received an allocation of up to $1.25 million in tax credits
under the federal government’s Junior Minerals Exploration Incentive scheme.

The scheme recognises small companies involved with greenfields mineral exploration
in Australia by creating exploration credits using a portion of their tax losses from
eligible expenditure and distributing these to investors to purchase new shares.

Any carry forward losses are reduced proportionately to reflect the amount of explo-
ration credits created.Navarre’s tax credits will be distributed to eligible investors.



at this time we will need a lot of patience. at least it will be in our favour, there are enough
company maker ; .........
...................., but it´s really frustrating seeing they are printing and printing (money),
results of companies-revenue for the first half-year getting an increase of 2-3 % , on the
other hand the S+P 500 in-creased by more than 40% since jan. 2020 ;
but our PM´s de-creasing to low´s .............

What will happens if the chinese Evergrande fail and will be the second Lehman ?

We are living in interesting times !!

elsolivars