Courtesy STOCKH….CNB rerated heavily in December last year after...

Courtesy STOCKH….

CNB rerated heavily in December last year after hitting a 41m long intercept at 4.1% copper — which included a 9m chunk grading 10.3% — at Nil Desperandum, part of the Greater Duchess project in Queensland.That’s thick and high grade. The company has since added significant discoveries at the nearby Lady Fanny and Mount Hope prospects.Today, it announced a 60m intercept at 3.1% copper from ~100m depth at Mount Hope – “the widest and highest-grade drill result yet recorded throughout the Greater Duchess Project”, says managing director Rob Watkins.It even surpasses the discovery hole a Nil Desperandum.“These exceptional drill results from Mount Hope are pointing towards a very material and growing discovery, regionally significant within the Mount Isa Inlier,” he says.“With numerous IP anomalies, structural targets and obvious direct extension drill targets to the results announced today, we look forward with great anticipation to the unfolding discovery at Mount Hope.”While the open pit at Mount Hope was mined in the late 1960s to early 1970s to a maximum depth of ~35m, there is remarkably no publicly available records of any previous historical drilling.So far, CNB has defined a steeply dipping quartz copper sulphide lode which is open at depth.The $132m market cap stock is up 9% over the past month.