Navaho Gold is an Australian-based exploration company focused on the discovery of world-class gold deposits in Nevada, USA and Queensland, Australia.
Navaho Gold is clearly focused on 'Carlin style' gold mineralisation, and has identified three (3) main project areas in Queensland and has assembled six (6) projects in Nevada within the areas associated with the Carlin and Battle Mountain - Eureka Trends.
Exploration for Gold in 10 projects on two continents. More
- Initial internal gas resource assessments over South Australian Project completed
- Independent expert prospective resource assessment commissione
- Drill hole has been completed at a depth of 1,070 meters or 3,510’
- Drilling intersected the prospective Lower Plate sequence at approximately 975 metres (3,200’)
- Results for the lower 100 metres (300’) of the hole, including the prospective Lower Plate sequence submitted for analysis
In response to the substantial levels of interest shown by the market last week in relation to the South Australian shale oil and gas potential in general, and the Company’s NavGas project in particular, the Directors of Navaho Gold Limited (Navaho Gold, ASX: NVG) wish to reiterate the following information in respect of the shale gas project held within its subsidiary NavGas Pty Ltd (NavGas) in the Flinders Ranges in South Australia covering 50,000km2 of petroleum exploration licence applications.
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