Carnavale Resources Ltd. provided an update to its exploration activities. CAV has commenced a third aircore program at Ora Banda South Gold Project following up on high grade gold in the regolith at the Carnage and Highlander Prospects. At Kookynie CAV has completed a program of aircore between McTavish East and Champion South targeting concealed repeats of the high-grade intercepts discovered at McTavish East and McTavish North, assays expected in third quarter of 2022. In addition, CAV completed 3 diamond tails for 490m at McTavish East with results pending. Results have been received from the MLEM survey at the Grey Dam Nickel project. The results are being evaluated in conjunction with the UFF soil data, aeromagnetics and passive seismic data captured by CAV to establish the significance of the conductors outlined by the MLEM survey Aircore program commenced at Ora Banda South Gold Project: CAV has commenced a third program of approximately 6,500m of aircore following up strong gold grades
intercepted at the Highlander and Carnage prospects in the previous aircore programs conducted by CAV. The previous aircore had significant shallow bedrock gold results that confirmed a gold bearing system with a strike length of 15km. The previous aircore drilling at Ora Banda South Gold Project tested targets identified by CAV's soil sampling program, previous aircore gold anomalies and structural targets under alluvial cover. CAV's aircore drilling program confirmed the prospective Carnage Shear occurs along the 15km long tenement package and shows anomalous gold, arsenic, bismuth and lead. Three new gold prospects have been identified in CAV's aircore drilling that contain high-grade gold intercepts.