(MENAFN- ProactiveInvestors)
() has raised $450000 to fund drilling at the Tatyoon’s Grange gold prospect at its Stawell Corridor Gold Project in western Victoria.
It plans to start a reverse circulation and diamond drilling program totalling up to 2000 metres late this month.
The focus of drilling will be potentially mineralised sediments located on the western flank of an interpreted basalt dome structure.
This is believed to be similar to the basalt dome controlling gold mineralisation at Stawell’s Magdala Gold Mine currently being mined by Corp its largest shareholder.
Navarre raised the funds through a $175000 placement priced at $0.03 per share to and a 1 for 4 entitlement offer that raised about $274000.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.