Many thanks for that cJames1, most interesting that they have indicated a few step out holes.I felt that they may have waited for the results on the IP work to the SW before determining the next collar locations.
But NO, Carnaby are in a real hurry, no time wasted here. We have $20M + in the kitty lets go !
But we have company, RIO disclosed their new find at a conference in December
As it is a quiet day on the market, read all about RIO's find and listen to their Principal Exploration Geologist, Joel Blake discussing their discovery, 60 Kms SE of Cloncurry. Yes, its hotting up, and in our hip pocket, not too far away ! Link below to watch ......... it is very technical, but I'm sure many here will appreciate the in depth discussion. As yet not announced on the ASX, but being RIO its probably not Price Sensitive to them.
A Summary of the implications for those that may not wish to watch this 17 minutes in its entirety.
Their discovery is approx half way between our "Duchess" / Nil Desperandum" Project and Cloncurry !
Watch out RIO, We beat you to it ! Happy Days Carnaby !
Ann: Carnaby Successfully Completes A$20M Placement, page-319
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