Significant high grade iron enrichment at Parmegiana

01 September 2007 | 11:45 Code : 15139 Geoscience events
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Carnavale Resources Ltd has provided the market with an update on exploration....

    Carnavale Resources Ltd has provided the market with an update on exploration at the Parmegiana Iron Ore Project in Brazil.Assay results from 26 rock chip samples taken across the 32km of strike length have confirmed high grade iron ore units in the northern sector of the company’s tenement package.Assay results are pending from a further 51 samples collected along north-south lines at 1km spacing along the central northern iron ore ridge.A diamond drilling program is planned to commence in the December 2007 quarter to test the initial 32km of strike extent of the Parmegiana Project.Rock chip sampling and mapping continues on the remaining 18km of strike length in the southern sector of the tenement package.Carnavale Resources Ltd is a mineral exploration company listed on the Australian Stock Exchange and on the Frankfurt Stock Exchange with its registered office in Balcatta, Western Australia. The main focus of the company is the acquisition and development of gold and copper projects in Brazil. Brazil is a country that currently yields many resource projects and has a great exploration potential for many more projects. Carnavale Resources Ltd’s goal is to analyze the exploration possibilities for gold and copper within two projects for which it has acquired the rights for exploration.

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