CNB 14.8% 81.5¢ carnaby resources limited

Ann: Mount Hope Drill Results 72m @ 4% Cu, page-56

  1. 568 Posts.
    lightbulb Created with Sketch. 24
    I'd be cautious with this inversion - the measured peak values are around 28ms against a background of 10-14, so only 2x background in the raw data as shown in the pseudosections in the back of the report. Granted, pole-dipole pseudosections are notoriously difficult to read compared to dipole-dipole pseudosections, and the inversion process does a lot more heavy lifting, but as an exploration geo who has been burnt by overly optimistic IP results many times, I wouldn't have much confidence in that peak chargeability value.
    I'm also pretty critical of their reporting on the IP results near Chalcus, saying it could represent a new lode. The IP line is only 70m away from, and sub-parallel to Chalcus - it is an offline effect from that sulphide body, not a new lode or "sulphide halo". The survey was a 50m dipole spacing, so at n=4 (i.e. where the anomaly appears to kick in) you are already sampling rock ~100m offline from the survey line.

    The target is worth drilling again for sure - the general character of this deposit seems to be steeply dipping shoots developed on fault intersections, rather than extensive planar lodes, and these are notoriously difficult to hit. I just don't like the way that geophysics has been processed, it could lead to wasting money chasing a bunch of overstated anomalies.
    Last edited by PupTentacle: 09/08/23
 
watchlist Created with Sketch. Add CNB (ASX) to my watchlist
(20min delay)
Last
81.5¢
Change
0.105(14.8%)
Mkt cap ! $127.0M
Open High Low Value Volume
70.0¢ 81.5¢ 70.0¢ $642.7K 852.3K

Buyers (Bids)

No. Vol. Price($)
3 8030 80.0¢
 

Sellers (Offers)

Price($) Vol. No.
81.5¢ 7685 2
View Market Depth
Last trade - 14.58pm 17/05/2024 (20 minute delay) ?
Last
79.0¢
  Change
0.105 ( 12.9 %)
Open High Low Volume
70.0¢ 81.5¢ 70.0¢ 204679
Last updated 15.24pm 17/05/2024 ?
CNB (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.