Carnavale Resources Ltd. provided an update to its exploration activities at the Ora Banda South Gold Project. CAV completed the first program of RC drilling at the Carnage Prospect following up on excellent high-grade gold results from CAV aircore drilling in the regolith. Completed 9 holes of wide-spaced reconnaissance RC drilling for 1,841m program targeting the 2.1km strike extent of the Carnage Prospect.

Significant results from RC drilling at the Carnage Prospect include: 1m @ 9.49g/t from 137m in OBRC007; 3m @ 0.45g/t from 72m in OBRC004; 2m @ 0.65g/t from 49m in OBRC007; 5m @ 0.26g/t from 69m in OBRC002; 8m @ 0.15g/t from 63m in OBRC007. Previous significant results from CAV aircore drilling at the Carnage Prospect include: 4m @ 30.20g/t from 44m in OBAC413; 7m @ 5.95g/t from 80m in OBAC379 (ends in mineralisation); 8m @ 2.74g/t from 48m in OBAC089; 4m @ 2.69g/t from 36m in OBAC306. Extensive gold anomalism confirmed by RC in the saprock profile at the Carnage Prospect with high-grade intersection in fresh rock.

Favourable geology with the potential to host a significant gold deposit, with major shear structures crosscutting a sedimentary basin with a substantial regolith gold anomaly identified by CAV in aircore. Prospective geochemistry in arsenic, tin, tungsten and bismuth that correlates with the best gold anomalism suggesting an intrusion related source for the gold system. Analogous geological setting target to the +2.5Moz @ +4g/t Invincible Gold Mine1, discovered by Gold Fields Limited near Kambalda in 2012.