Carnaby Resources Limited (ASX: CNB) has unveiled a major extension drill hole intersection from the Greater Duchess Copper-Gold Project in Mt Isa, Queensland.
Highlights
Mount Hope Central Prospect – MHDD083:
• MHDD083 pXRF readings: 73m @1.3% Cu from 537m including 36m @2.2% Cu from 545m
• The mineralisation in MHDD083 is a 270m down plunge intersection from the previous deepest drill hole MHDD060 which intersected 32m @2.3% Cu, 0.8g/t Au including 11m @5.1% Cu, 1.9g/t Au
• Results pending from several holes including exceptional pXRF readings from large step out hole MHRC077 of 73m @1.1% Cu including 30m @2.2% Cu
• Mount Hope Central is strongly open in all directions.
• An accelerated drilling programme is underway with 40,000m of drilling in progress to define a Maiden Mineral Resource Estimate at the Greater Duchess Project.
“This fantastic high grade 270m down plunge extension in MHDD083 highlights the rapidly growing size of the Mount Hope Central discovery,” Managing Director, Rob Watkins, said.
“Combined with the exceptional pXRF results from a large step out hole MHDD077 announced on 2 March 2023, this has completely opened up the Mount Hope Central discovery size potential. We are at the start of a transformational 40,000m drilling program and eagerly await assay results for the pXRF readings we have reported.”
In consideration of the late wet season flood event that has affected several mining operations and communities in NW Queensland, there has been minimal impact on Carnaby’s exploration programs.
The company has continued drilling throughout the rain period with a universal RC and Diamond drill rig. Full access has been restored and dry conditions now prevail. A second RC drill rig support truck has been delayed in reaching the site, however it is expected to arrive this Sunday enabling drilling activities to accelerate further.
