Carnavale Resources' Kookynie Gold Project Update

Carnavale Resources Ltd (CAV) has reported successful results from the recent aircore drilling program at the Kookynie Gold Project. The program, consisting of 72 holes for 4,192m, has led to the discovery of new gold zones and the extension of structural targets. The company is now focusing on further exploration and upcoming mineral resource estimates and mining studies for specific areas within the project.

Executive Commentary on Kookynie Gold Project

This aircore exploration program has successfully extended the mineralisation envelope from the new zone Valiant, south of McTavish East, to the northwest of Tiptoe, providing further targets for RC drilling and the potential to increase overall resources at Kookynie. Numerous first-class anomalies remain to be tested at Kookynie, which will be followed up in further programs. We look forward to presenting the maiden MRE and associated mining evaluation for Swiftsure and McTavish East shortly.

Summary of Kookynie Gold Project Update

Carnavale Resources' recent aircore drilling program at the Kookynie Gold Project has yielded significant results, including the discovery of new gold zones and the extension of structural targets. The company is now planning to conduct further exploration and follow-up programs to capitalize on the identified anomalies. Additionally, the upcoming maiden Mineral Resource Estimate (MRE) and mining study for Swiftsure and McTavish East in June 2024 are expected to provide valuable insights into the project's potential. The successful expansion of the Valiant zone and the Tiptoe prospect, along with the identification of viable exploration targets at Kookynie, indicate promising opportunities for Carnavale Resources' future endeavors in the gold mining sector.