CNB 5.19% 36.5¢ carnaby resources limited

Ann: New Copper Discovery, page-18

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  1. 1,087 Posts.
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    This is a good new copper discovery. No old mines picking the best bits out. Carnaby is not making much of a few rock chips. It is far more excited about the geophysical anomaly which could represent a Nil Desperandum style high grade copper breccia pipe starting 100m below surface. It is 200m x 60m and if it goes down for 400m it could hold more than 10 million tonnes of ore and 100,000 to 200,000 tonnes of copper. Plus whatever can be found in the top 100m where a channel sampling got 10m @ 1.63% this is not a cherry picked rock, it is a channel sample.
    The other local targets such as The Plus are looking like the next discoveries.
    DYOR Not investment advice
 
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