Cavalier Resources Limited announced that drilling has commenced on a 5,000m reverse circulation (RC) exploration program at the Crawford Gold Deposit. The program has been planned to further firm up the MRE and explore for extensions to the resource along strike and at depth. Cavalier will update the market once drilling is complete, expected to be early in August 2022.

Leonora Gold Project The Leonora Gold Project comprises two sub-projects, Crawford and Gambier Lass North, consisting of ten exploration licences, a prospecting licence, a miscellaneous licence and a mining lease. The Crawford Gold Deposit, which includes a 101,000oz JORC compliant Mineral Resource estimate, is located on the granted mining lease M37/1202. The Crawford Gold Project Crawford is primarily an oxide hosted supergene style mineralised system which has been privately advanced towards a mining operation.

The Company intends to test the current MRE and then move to extensional drilling along strike and depth to explore if there is any potential to increase the size of the 101,000 oz gold resource. Sections of the previous drilling were completed on 10m spaced sections with 140 RC holes for 13,528m drilled and focussed on infilling the oxide zone with little drilling extending into material deeper than 70m. Thick Zones of mineralisation close to the surface are open along strike and at depth; historical drilling results include: 11m @ 2.17g/t from 16m; 10m @ 3.38g/t (inc. 2m @ 12.4g/t) from 17m; 18m @ 2.77g/t (inc. 3m @ 6.96g/t) from 27m; 19m @ 1.64g/t (inc. 4m @ 3.23g/t) from 30m; 15m @ 2.49g/t (inc. 3m @ 7.87g/t) from 35m; 6m @ 5.55g/t (inc. 1m @ 21.1g/t) from 37m; 22m @ 2.98g/t (inc. 6m @ 5.39g/t) from 38m; 7m @ 5.39g/t, (inc. 2m @ 14.2g/t) from 49m; and 6m @ 2.12g/t, (inc.1m @ 7.20g/t) from 55m.

The Gambier Lass North Project The Gambier Lass North Project is located to the northwest of the Crawford Gold Project and is located mainly within sediments of the Pig Well graben. Previous exploration has focussed on gold mineralisation, although some work has targeted Teutonic Bore style base metal mineralisation within felsic lithologies. Recent drilling has delineated northern extensions to the historic Gambier Lass underground mine with narrow, high grade quartz lodes.

This mineralisation remains open at depth and along strike towards the north-west with historical drilling results include: 5m @ 1.42g/t from 13m; 4m @ 2.77g/t from 31m; 14m @ 1.60g/t (inc. 6m @ 3.29g/t) from 32m;3m @ 1.98g/t from 45m; and 10m @ 1.40g/t from 55m. The Company intends to infill the sparsely drilled sections over the 1km over strike in order to review the potential of creating a new gold resource at the project.