Lake Roe Gold Project

Western Australia - Lake Roe Project (Au)

Carnavale owns 100% of the Lake Roe Project, comprising two exploration licences (E28/2303 and E28/2304) located 120km ENE of Kalgoorlie (Fig 1). The two tenements cover a sequence of deformed Archean greenstone belt within the Southern Laverton Tectonic Zone (SLTZ) and are considered prospective for gold mineralisation.

The Southern Laverton Tectonic Zone is host to a number of large gold deposits with the Lake Roe Project area centred between Carosue Dam (3.5Moz), located approximately 40km to the north, and Karonie (0.9Moz), approximately 50km to the south. These deposits are associated with the major Keith-Kilkenny and Claypan Shears, which represent two major tectonic shear zones that converge near the Lake Roe region.

CAV‘s Lake Roe Project area lies immediately north and east of ASX Listed Breaker Resources (Breaker) Lake Roe project where Breaker has defined a large gold-arsenic-tellurium-molybdenum anomaly over approximately 3km of strike length at the Bombora Prospect. Recent shallow aircore drilling results announced by Breaker (refer Breaker’s ASX announcement dated 25 July 2016), define a large supergene oxide gold and arsenic anomaly with deeper drilling highlighting high grade bedrock gold mineralisation (>5g/t Au) in shallow aircore and RC drill holes. The gold mineralisation is noted to be associated with fractionated dolerites and banded iron formation within the Claypan Shear Zone and adjacent to a granite contact, similar to many other Yilgarn gold deposits in the region.

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