Navarre Minerals is pleased to announce that a 4,000m diamond core drilling project has kicked off at the 1,600km2 St. Arnaud Gold Project in Victoria.

Two drilling rigs have been deployed along the Nelson Line of the historic goldfield, accounting for 80% of the 400,000oz of gold produced in the past.

With a $14.1m cash balance, Navarre is fully funded to continue exploring St. Arnaud, including drilling for shallow, high-grade gold positions beneath air-core drilling intercepts.

Managing Director Ian Holland said, “We look forward to providing regular updates to the market from our ongoing drilling operations, as we continue to unlock the full potential of the St Arnaud Goldfield.”

Read the full announcement here: High-impact diamond drilling commences at St Arnaud