Slide 1: Diamond Drilling Programme Commences at Red Hills Project, Nevada
CARNAVALE RESOURCES LIMITED 27 July 2015 CARNAVALE RESOURCES Diamond Drilling Programme Commences A.C.N 119 450 243 at Red Hills Project, Nevada For personal use only Shares: 256.7M Carnavale Resources (CAV, the Company) is pleased to announce Options: 186.2M that preparations for the Phase 1 diamon
Slide 2: Further information and Competent Person statement
CARNAVALE RESOURCES LIMITED 27 July 2015 For further information contact: Andrew Beckwith Peter Taylor For personal use only Managing Director Investor Relations Carnavale Resources Ltd NWR Communications P: 08 9380 9098 P: +61 (0)412 036 231 The information in this report that relates to exploratio
Slide 3: Diamond Drilling Programme, Red Hills Project, Nevada
For personal use only CARNAVALE RESOURCES ASX:CAV Exploring: the art of finding Exploring: …and creating wealth through discovery Diamond Drilling Programme Red Hills Project, Nevada July 2015 Managing Director – Andrew Beckwith www.carnavaleresources.com
Slide 4: Competent Persons Statement and Forward Looking Statement
CARNAVALE RESOURCES For personal use only ASX:CAV Competent Persons Statement The information in this report that relates to exploration results and exploration targets is based on, and fairly represents information and supporting documentation prepared by Mr Andrew Beckwith, a Competent Person who
Slide 5: Summary
CARNAVALE RESOURCES Summary For personal use only ASX:CAV Diamond Drill testing Two High Grade Au Au‐‐Ag Ag‐‐Cu Cu‐‐Pb Pb‐‐Zn Polymetallic Polymetallic Targets Programme of 5 holes for 1,200m commenced Proven High Grade Au‐ Au‐Ag Ag‐‐Cu Cu‐‐Pb Pb‐‐Zn from surface and in historic mines Right me
Slide 6: Drill Programme
CARNAVALE RESOURCES Drill Programme For personal use only ASX:CAV Rig on site and drilling Aims Define true width of mineralisation mineralisation, beneath historic mines Define grade potential of Au‐Ag‐Cu‐Pb‐Zn mineralisation Provide continuityy of mineralisation at depth p Provide metallur
Slide 7: Cobra: Drilling immediately under high grade stopes
CARNAVALE RESOURCES Cobra For personal use only ASX:CAV “Drilling Drilling immediately under high grade stopes stopes” Average grade ~12g/t AuEq Breccia zone ~ 17g/t AuEq >9m width 5
Slide 8: Cobra: High grade historic stope sampling
CARNAVALE RESOURCES Cobra For personal use only ASX:CAV High grade historic stope sampling Breccia Zone Assay Results Au g/t Ag g/t Cu % Pb % Zn % AuEq g/t2 0.68 265 0.6 4.4 13.1 14.96 0.21 180 2.2 3.9 4.1 9.98 1.42 379 2.7 3.0 1.3 12.43 0.10 550 1.8 0.7 1.8 11.30 1.79 850 1.5 4.8 4.0 19.77 1.61 213
Slide 9: Cobra – Drill Section
CARNAVALE RESOURCES Cobra – Drill Section For personal use only ASX:CAV Proposed drill Anomalous soil sampling 2200m holes Channel sampling p g of outcropping pp g sheared margin g 3m+ @ 0.6g/t Au, 317g/t Ag, 1.5% Cu, 4.0% Pb, 9.9% Zn 2100m Outcropping bedding parallel mineralisation 2000m 0.7g/t Au
Slide 10: Cobra: Breccia mineralisation
CARNAVALE RESOURCES Cobra For personal use only ASX:CAV Breccia mineralisation Breccia zone ~ 17g/t AuEq 8
Slide 11: Cobra: Shear mineralisation
CARNAVALE RESOURCES Cobra For personal use only ASX:CAV Shear mineralisation 9
Slide 12: Rattler – Drill Section
CARNAVALE RESOURCES Rattler‐ Drill Section For personal use only ASX:CAV Anomalous soil sampling Anomalous l soill sampling l Channel sampling of outcropping shear zone +7 8m @ 0.5g/t +7.8m 0 5g/t Au, 2200m Au 105g/t Ag, Ag 2.8% 2 8% 2.8 8% Pb, Pb 2.6% 2 6% Zn including +3.5m @ 1.1g/t Au, 205g/t Ag,
Slide 13: Rattler: Au-Ag-Cu-Pb-Zn breccia
CARNAVALE RESOURCES Rattler For personal use only ASX:CAV “A Ag C Pb Zn breccia” “Au‐Ag‐Cu‐Pb‐Zn 11
Slide 14: Red Hills – Grade Potential
CARNAVALE RESOURCES Red Hills – Grade Potential For personal use only ASX:CAV Targeting similar sized and high grade orebodies Deposit Status Tonnes Au g/t Ag g/t Zn % Pb % Cu % Calculated (Mt) *AuEq g/t Red Hills (CAV earning up to Drilling now ?? 0.67 494 3.4 3.6 1.1 12 75%) Century (MMG) Producti
Slide 15: News flow
CARNAVALE RESOURCES News flow For personal use only ASX:CAV Progressive drilling results June July Aug Sept Oct Drilling fully funded Raised Corporate $0.65M Drilling approvals Drilling g underwayy Diamond drill test Met test work Red Hills and site prep Rattler and Cobra Progressive drilling re
Slide 16: Corporate Snapshot
CARNAVALE RESOURCES Corporate Snapshot For personal use only ASX:CAV CARNAVALE RESOURCES LIMITED Chairman ‐ Ron Gajewski ASX Code: CAV Mr Gajewski is an accountant by profession, with many years of experience as a director of public listed companies and as a corporate advisor to public Sh Shares: 25
Slide 17: Red Hills Terms
CARNAVALE RESOURCES Red Hills Terms For personal use only ASX:CAV Tojo has right to earn 75% in Joint Venture with Columbus Gold Corp (TSX‐V: CGT) $2M to earn initial 51% within 3yrs (decision point) Additional $7M to increase to 75% within further 4 yrs At 75%, Columbus has right to fund pro