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25/11/22

12:22

Post #: 64987042
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Originally posted by Goku69: ↑

CarnabyAGM 2
Best Results Rob has ever seen Mt Hope 37m @5% Cu
IP geophysics has been a game changer, taking us straight to the IOCG
chalcocite = 80% copper best you can get, Mt Hope at this stage is looking like the most quality/promising discoveries at this stage.
Confident we can cut off Mt Hope by Q2 next year and gain a MRE.
Carnaby always being conservative with there reporting, For RC drilling, pXRF readings under report actual copper grades by an average of 30% in calico sample bags and 60% in green plastic sample bags.
Waiting on 1 more Tail, hole number 48.
Carnaby have a good relation Ship with HMX, I believe I heard yesterday they helped HMX with some of there drilling or drill pads placement. (Correct me if I am wrong)
Boundary issue of tenement of Mt Hope should be sorted within a couple of weeks.
Took Carnaby 6 months to attain the pXRF Tester, they are not sharing it with HMX (fyi)
Mt Hope is the biggest, most valuable, and will be underground as well.
3 very good deposits.

Nil Desperandum
Plunges South West
The system is well and truly open South of ND.
Enough drilling, Carnaby can go for Resource estimate with the amount of drilling that has been done.
Lady Fanny

Surface grades
Sub-vertical shears
Happy to get to resource now
Lady fanny still has huge IP Anomaly’s however we can’t ping it yet.
Results Pending still.
Metallurgy can Ruin/stop a resource, caused by a mix of other metals being present such as uranium, zinc, etc. Carnaby don’t have this problem.
Gold receiving is quite good
In Carnaby’s case the gold here reports to copper which is fantastic for the concentrate.
A lot more potential discovery’s soil Sampling being conducted.
Shamrock - 8x holes still pending
St Andrew’s tenement, never been touched- A lot of potential here.
$7-8 million for budget includes mineral resource estimates, drilling, scoping study, IP surgery, aero surveys etc. ( I believe this is costs for Q1 & Q2)

Carnaby still owed $750,000 from Bay Rock who are about to go public soon. Payment of some sort should be coming in by end of year. Bay Rock have been struggling.
Have completed half the soil sampling at Shamrock 700, another 700 to go, have done aero over it, now we can run IP over it.
Drilling can be completed by Q1 2023.
Carnaby is still drilling all throughout December, will stop during Christmas and continue all through January.
Key holes are being Drilled as we speak.
Room for Big Announcements for December and January.
Laboratories are hit and miss, some a slow some have a quick turnover.
BHP approached Carnaby at Diggers and Dealers.
Really good processing costs at Mt Isa

Peter Bowler said that Carnaby are welland truly looking/open to corporate deals, by this time next year this officewe are all in should look very different and much bigger.

We don’t intend on having Rob Watkinsspinning Drill Rigs by this time next year.

There is a huge gap between Sanfire andthe rest of the field. It is an untouched market for copper producers inAustralia and we are the only company at this stage in-line to make that nextjump up.

Enjoy Holders, lost more positiveannouncements to come in the short term.

Expand

Awesome stuff, I’m pumped after reading that.

It sounds like they have a strong vision of where they want to be and how to get there.

Looking fwd to the continuing news flow.
Thanks Goku
CNB Price at posting: 83.5¢ Sentiment: Hold Disclosure: Held
7 Upvote

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