Carnavale Resources Limited announced that it has received partial results from the initial RC drilling program at the McTavish East prospect at the Kookynie Gold project, 160km north of Kalgoorlie in the West Australian Goldfields. The initial program of RC drilling consisted of 21 holes for 2,987m. Partial results have been received for 10 holes with results from the remaining assays expected to be received before the end of January 2022.

The aim of the RC program was to expand the high-grade gold mineralisation encountered in the previous aircore programs into the fresh rock. Initial RC drilling focused on the McTavish East prospect, which hosts the highest gold grades in the project area at present. CAV's McTavish East prospect is situated east of Nex Metals Ltd. and Metalicity Ltd.'s McTavish high-grade gold Project.

The initial RC drilling program targeted the substantial high-grade gold anomaly identified by CAV aircore in the regolith. This regolith gold anomaly stretches over 550m striking NE. The anomaly is underlain by a mineralised structure that dips steeply east and strikes northeast.

The RC drilling is shown on the attached plans and cross sections including holes that are awaiting assays. RC drilling of the steeply dipping mineralised structure has intersected high-grade gold mineralisation in fresh rock that appears to have a southerly plunge. This zone has been defined over 150m down dip on the mineralised structure.

The long section details the morphology of the high- grade gold zone in the plane of the mineralised structure. This mineralisation is not constrained down dip or along strike and remains open in all directions.