CEO
The initial RC program at McTavish East extended 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
The current 5,000m RC drilling program is designed to expand the substantial high-grade gold mineralisation associated with strong quartz veining in fresh rock, identified by the previous RC drilling.
The main structure at McTavish East is also supported by mineralised splays in the hanging wall and footwall that have similar mineralogy to the highest-grade zones on the main structure. The current RC program is aimed at expanding and targeting the thickest zones high-grade mineralisation within the main structure that appear to have a south easterly plunge. In addition, CAV will explore the shallow high-grade gold identified in earlier CAV aircore at McTavish North The large-scale mineralised structure identified in the RC drilling that hosts McTavish East strikes northeast across CAV's tenement package and intersects the Champion South Prospect (Figure 4).
This represents a 1.1km priority target corridor that is untested by previous drilling due to the presence of the depletion zone in the regolith profile. CAV has an aircore program planned for Q2 2022 to test this highly prospective corridor for repeat high-grade structures
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Competent Persons Statement
The information that relates to Exploration Results for the projects discussed in this announcement represents a fair and accurate representation of the available data and studies; and is based on, and fairly represents information and supporting documentation reviewed by Mr.
Forward Looking Statements
Statements regarding Carnavale's plans with respect to the mineral properties, resource reviews, programs, economic studies and future development are forward-looking statements. There can be no assurance that Carnavale's plans for development of its mineral properties will proceed any time in the future. There can also be no assurance that Carnavale will be able to confirm the presence of additional mineral resources/reserves, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of Carnavale's mineral properties.
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