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Navigator Resources Limited Announce Spectacular Shallow Drill Results At Eagle Prospect

Monday, November 8th, 2010

Initial assay results have been received for first pass aircore drill hole samples from the Eagle prospect located approximately 10km southeast of the Bronzewing processing plant site. The Eagle prospect is characterised by a 5km-long gold-in-soil anomaly where BLEG soil sampling by Navigator Resources Limited has returned values up to 1,954ppb (1.95g/t Au).
One hole in particular, NEAC019, has produced a very high grade intersection of 4m @ 66.58g/t Au, from 28-32m, including 1m @ 257.94g/t Au from 29-30m. These results are based on final assays of 1m split samples from the relevant 4m interval.
The original 4m composite sample from NEAC019 assayed 40.79g/t Au. Given the significance of this result, the laboratory was requested to re-assay the original pulp sample and also to assay a second sample from the supplied original composite material. The results produced assays ranging from 41.95g/t Au to 97.34g/t Au with an average of 64.19g/t Au.
The four 1m split samples from the 28-32m interval in NEAC019 were then delivered to the laboratory and yielded individual assays for each 1m interval of 3.04g/t Au (28-29m), 257.94g/t Au (29-30m), 4.52g/t Au (30-31m) and 0.83g/t Au (31-32m), giving an average for the 4m interval of 66.58g/t Au. The laboratory then re-assayed the 1m split samples again and obtained separate individual results respectively of 3.00g/t Au, 237.04g/t Au, 3.76g/t Au and 1.29g/t Au giving a 4m average of 61.27g/t Au.
This high grade gold intersection in NEAC019 is located within strongly weathered ultramafic rocks immediately adjacent to a 2m “downhole width” quartz vein which itself contains an average grade of 0.51g/t Au. The mineralisation is open in all directions and will be followed up in the near future with RC drilling. NEAC019 is located 100m north of the previously reported very high value BLEG soil sample of 1,954ppb Au (1.95g/t Au) and further drilling is required around this sample site to better test for the presence of further mineralisation. The forthcoming RC program will also follow-up upon RAB drilling at the northern end of the Eagle prospect where a previous explorer intersected 9m @ 4.8g/t Au from 78m.
Other drill holes have intersected some lower order anomalous values which also will be followed up in due course.
(Ref 2043)

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