Carnavale Resources Ltd (ASX:CAV) is making substantial progress at its Kookynie Gold Project, with recent exploration yielding high-grade gold findings at the Tiptoe and Champion South prospects. According to CEO Humphrey Hale, the new results from Tiptoe align with the bonanza-style mineralization previously discovered at McTavish East, highlighting the project’s significant potential.
The company’s strategy involves both open-cut and underground mining, leveraging an existing third-party processing facility to streamline operations. With exploration ongoing and targeting high-grade structural gold prospects, anticipation is building around the upcoming maiden resource estimate and mining study evaluation, which are expected to provide further insights into the project’s viability and potential.
Hale emphasized the importance of the results from Champion, stating that they offer upside ahead of the maiden resource estimate. The company is well-positioned for future development, with a focus on unlocking the full potential of the Kookynie Gold Project through systematic exploration and evaluation. Carnavale Resources’ recent successes at Kookynie have garnered attention, and the mining community eagerly awaits the upcoming milestones that could further solidify the project’s prospects.
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