A gold in soil anomaly has been identified, which has a minimum strike length of 2km and lies along trend of the former Pennants gold deposit.
"The MR area continues to impress, with our ground validation mapping and sampling confirming the prospectivity of this new gold discovery," said Stephen Hughes, the CEO of Carube.
Significant gold mineralized quartz vein structures
"We have identified at least three potentially significant gold mineralized quartz vein structures at MR and the company's geologists continue to identify outcropping quartz and adularia veining along the more than 2km gold in soil anomaly.
"As the mapping program progresses our understanding of the geological and structural controls continues to grow."
The firm said highlights of the recent work have been:
Three mineralized zones were identified at the Donkey Hill, Mango Valley and Silver Fish prospects.
Meanwhile, gold mineralization was concentrated along dilatational jogs, with recent grab samples assaying up to 19.3g/t (grams per ton) gold at Mango Valley.
Summing up, Carube said the identification of recent geology "continued to support the potential for a southeast-northwest trending zone that was contiguous with the structure that is host to the Pennants gold deposit".
The company said its exploration team would continue the mapping and sampling campaign west of the former Pennants mine and initiate detailed mapping and sampling to the southeast within Carube's Main Ridge Special Exclusive Prospecting License (SEPL) tenement.
The fast tracking of detailed exploration activities should enable Carube to prioritize targets for drill testing, it added.