Navarre Minerals Limited reported significant new assay results from air-core (AC) drilling at the Langi Logan gold prospect in western Victoria, Australia, part of its 100% owned Stawell Corridor Gold Project. The assays reported in this announcement are from a 2,323 meter program comprising 24 holes of reconnaissance AC drilling designed to test: new gold targets on the northern end of the Langi Logan No. 3 basalt in areas focused on by CSIRO modelling; and to locate a potential fault offset of known gold mineralization on the eastern flank of the No.2 basalt.

Langi Logan is Navarre's third significant green fields gold discovery within its wholly owned, 70-kilometer-long Stawell Corridor Gold Project, in the historically productive Victorian goldfields. The Langi Logan basalt dome is prospective for Stawell-style gold mineralization and is located 20 kilometers south of Navarre's advanced Irvine basalt dome project, also part of the Stawell Corridor Project and where Navarre has made its two previous gold discoveries at Resolution and Adventure. The Langi Logan prospect comprises a 14.5 kilometer strike length of four, potentially fault-bound, segments of a Cambrian basalt dome structure: the Langi Logan No.1, 2, 3 and 4 basalts.

Approximately 70% of the prospect is covered by post-mineralization Newer Volcanics, ranging from a few meters to approximately 30 meters in thickness. Langi Logan is in an area of significant historical deep lead mining, with 133,000 ounces of gold production recorded. The prospect continues the mineralization style found at both the Resolution and Adventure prospects located on the eastern flank of the Irvine basalt dome, as well as the nearby Magdala dome at the operating 5Moz Stawell Gold Mine.

In May 2022, the Company completed a 2,323 meter program of reconnaissance AC drilling to test the prospectivity of the north-eastern flank of the No.3 basalt, as well as attempting to locate a potential fault offset of strong gold mineralization located on the eastern flank of the No.2 basalt. Langi Logan No.3 Basalt The AC drilling has targeted an area believed to have strong potential for gold mineralization, as suggested by geological modelling in collaboration with CSIRO. Several promising assay results were returned highlighting the potential for two parallel lines of quartz-sulphide mineralization hidden under unmineralised cover rocks around the north-eastern end of the No.3 basalt.

This mineralization remains open and contains anomalous levels of gold, silver, lead, zinc and rare copper. Highlight results from the drilling include: 4 meters at 1.5 g/t gold, 3.2 g/t silver & 0.1% zinc within a broader zone of: 9 meters at 0.8 g/t gold & 1.9 g/t silver from 86 meters (LLA224). 1 meter at 2.4 g/t gold from 76 meters and 1 meter at 0.2% zinc from 101 meters (LLA234) 1 meter at 2.0 g/t gold within a broader zone of 7 meters at 0.4 g/t gold from 56 meters (LLA233) The reconnaissance AC drilling is widely spaced and has confirmed the prospectively of the north-eastern flank of the No.3 basalt, which will be the focus of further reconnaissance drilling.