Carnavale Resources Advances Gold Exploration

Carnavale Resources Limited (AU:CAV) has released an update.

Carnavale Resources Limited has completed a focused aircore drilling program at the Ghan Dam Prospect within the Ora Banda South Gold Project, achieving target depths in fresh rock and identifying notable gold and pathfinder element anomalies. The results, which include several gold intercepts, suggest potential for a significant gold deposit, with the geological setting and geochemistry likened to the successful Invincible Gold Mine. CEO Humphrey Hale expressed optimism about the project’s prospects for hosting substantial gold deposits beneath cover.

For further insights into AU:CAV stock, check out TipRanks’ Stock Analysis page.