- Carnaby Resources (CNB) flags a new round of “exceptional” assay results from drilling across its Greater Duchess copper-gold project in Queensland
- The results come from the Mt Hope Central and Burke & Wills prospects and include a 39-metre hit at 5.2 per cent copper and 0.5 g/t gold from 158 metres
- Carnaby Managing Director Rob Watkins says the Mount Hope results reveal a “significant” copper-gold discovery that remains open at depth
- The company is now mobilising drill rigs to the site ahead of a planned 40,000-metre drilling program at Greater Duchess
- Shares in Carnaby Resources are up 12.9 per cent to $1.23 at 11:23 am AEDT
Junior explorer Carnaby Resources (CNB) has flagged a new round of “exceptional” assay results from drilling across its Greater Duchess copper-gold project in Queensland.
The results come from the Mount Hope Central and Burke & Wills prospects of the Mt Isa-based project.
At Mt Hope Central, some of the top assay results include a 39-metre hit at 5.2 per cent copper and 0.5 grams per tonne (g/t) gold from 158 metres and a 32-metre hit at 2.3 per cent copper and 0.8 g/t gold from 306 metres.
Meanwhile, at Burke & Wills, Carnaby struck a six-metre intersection at 6.7 per cent copper and 1.2 g/t gold from 77 metres and a five-metre intersection at 3.7 per cent copper and 0.5 g/t gold from 80 metres.
Carnaby Managing Director Rob Watkins said the Mount Hope results continued to reveal a “significant new high-grade copper-gold discovery” in the area that remained open at depth and was growing rapidly.
“We are also delighted by the emerging Burke & Wills discovery where approximate true width results of up to six metres at 6.7 per cent copper, 1.2 g/t gold have been intersected in the latest drilling and remain open,” Mr Watkins said.
“We look forward to restarting a major exploration and resource delineation drilling program this week at the Greater Duchess copper-gold project, where more than 40,000 metres of drilling is planned in what promises to be a transformative year for Carnaby Resources.”
The company said it would take on “extensive” geophysical survey work to aid in targeting for its planned reverse circulation (RC) and diamond drilling work.
Drill rigs are busy mobilising to site to recommence exploration work at the Greater Duchess project.
Shares in Carnaby Resources were up 12.9 per cent to $1.23 at 11:23 am AEDT.