Samples were taken from Aircore drilling completed in
Conventional leach test work has yielded recoveries of between 97 and 99%. Sixteen 200-250gm ore grade samples were selected and leach tested for 24 hours with outstanding results. Samples were selected from Oxide and fresh rock material. Recoveries in the Oxide were 99% and in the fresh rock between 97% and 99% Further metallurgical testwork planned to be completed by CAV to bolster these results including further leach testwork and gravity separation techniques. Results from the latest 5000m+ RC drilling program chasing high-grade extensions to McTavish East are expected shortly. The McTavish East deposit is a new discovery by CAV and has not been previously exploited. The deposit lies beneath a thin layer of cover consisting of transported material close to surface allowing for easy development. Carnavale's goal at the
CEO
'The initial metallurgical results from McTavish East are outstanding, indicating the potential of excellent gold recoveries from traditional cyanide leaching processes. CAV is excited to continue the test work with further leach testing and the addition of gravity separation techniques to enhance the processing options and potentially reduce operating costs.
Sixteen 200-250g samples were taken from four separate high-grade gold intersections defined by aircore drilling in
Samples were selected as individual metre samples from the drill holes to establish if there was any variance in the leach recoveries across the intercepts downhole or at varying grades. The measured recoveries have very little variance with grade or location within the intercept. The Company is very pleased with these excellent first pass metallurgical recoveries, which give a good indication as to what can be expected from the oxidised and fresh rock areas of the McTavish East Prospect at Kookynie. The Company is looking forward to reporting the important assay results from the recent RC drilling program at McTavish East as these results become available and are assessed
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Competent Persons Statement
The information that relates to Exploration, sampling and test work 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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