CNB 2.44% 40.0¢ carnaby resources limited

Ann: Exceptional Drill Results at Greater Duchess 24m @ 5% Copper, page-161

  1. 199 Posts.
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    Some numbers on the strong mineralization intersected in LFR120 based off visual estimates.

    "One of the first holes drilled from a new central drill pad where RC holes are being fanned out, was LFRC120. This hole has intersected 43m of strong copper sulphide mineralisation from 63m to 106m downhole (RESULTS PENDING) in what appears to the northern continuation of the eastern lode"

    From 63m

    10m @ 2.31% Cu
    20m @ 1.78% Cu
    40m @ 1.4% Cu


    These numbers are based off the Chalcopyrite at 34.5% Cu.

    Looks like possible further great shallow results from 63m . Also like the fact that LFR120 has been drilled between the IP lines L7649560N and L7649450N showing potentially continuation of high grade broad zone of mineralisation between the IP Targets.
    It looks like Lady Fanny could have a lot of copper and will hopefully be developed into an open pit one day.

    With Regards to the new acquisition of Mount Hope Tenements Rob Watkins Said

    "Mount Hope is a highly accretive acquisition and another potential corner stone in the rapidly growing Greater Duchess Copper Gold Project. The similarities to Lady Fanny prior to Carnaby’s first drilling campaign there are striking. It is hard to believe that an exploration opportunity like this still exists in the Mt Isa region today. Ultimately the planned first pass drilling at Mount Hope will tell the story, however the historical production from the shallow pits and the extensive copper mineralisation left in the pit walls and outcropping elsewhere within the mining lease is evidence enough as to its potential.”

    "Major first pass exploration drilling program to be expedited post settlement and expected to commence in Q2/Q3"

    We could possibly start drilling Mount Hope in the next month or two, If we were too get similar results to the Lady Fanny results and find strong copper mineralisation this could be great for the overall resource and potential development of the Greater Duchess Project.

    Very exciting times ahead as we continue to drill out Nil Desperandum, lady Fanny and soon Mount Hope. Also the potential start of drilling at Big Hill for gold and Lithium would be great. Lots to look forward to and should be a nice strong continuation of news flow.

    AIMO , DYOR

    Cheer,
 
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