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Carnavale Resources Limited ( (AU:CAV) ) has provided an announcement.
Carnavale Resources Limited has announced significant progress in its Kookynie Gold Project with successful infill and extensional drilling at the Swiftsure, Swiftsure South, and Tiptoe lodes. The drilling results have extended the mineralization and increased resource confidence, prompting updates to the Mineral Resource Estimate and Scoping Study, which are expected to enhance the project’s economics. The company is also in discussions with potential partners to develop a mine plan, contingent on the approval of a submitted mining license, positioning the project for potential near-term production in a favorable gold price environment.
More about Carnavale Resources Limited
Carnavale Resources Limited operates in the mining industry, focusing on the exploration and development of gold projects. The company’s primary project is the Kookynie Gold Project located in Western Australia, which targets high-grade gold lodes.
Current Market Cap: A$16.36M
Learn more about CAV stock on TipRanks’ Stock Analysis page.