Join our daily newsletter At The Bell to receive exclusive market insights
- Carnaby Resources (CNB) continues to grow its Lady Fanny prospect within the Greater Duchess Copper Gold Project in Mt Isa, Queensland
- The company dubbed its latest drill results from Lady Fanny as “exceptional,” returning assays including 32 metres at 2.6 per cent copper and 0.6 g/t gold from 69 metres
- Carnaby says the shallow, wide and high-grade drill results from Lady Fanny have continued to define the robust potential for a large open pitable resource
- Extensional drilling is ongoing at at Nil Desperandum, with two step-out diamond holes in progress
- Carnaby Resources is up 1.42 per cent, trading at $1.07 at 11:17 am AEST
Carnaby Resources (CNB) has continued to grow its Lady Fanny prospect within the Greater Duchess Copper Gold Project in Mt Isa, Queensland.
The company dubbed its latest drill results from Lady Fanny as “exceptional,” returning assays including 32 metres at 2.6 per cent copper and 0.6 grams of gold per tonne (g/t) from 69 metres, including 17 metres at 3.7 per cent copper and 1.1 g/t gold from 79 metres.
Carnaby’s Managing Director, Rob Watkins said the shallow, wide and high-grade drill results from Lady Fanny have continued to define the robust potential for a large open pitable resource.
“The copper gold mineralisation at Lady Fanny has been defined over a core strike length of 400 metres and remains strongly open to the north and at depth,” Mr Watkins said.
“We look forward to receiving more results shortly and continuing to expand the footprint.”
Meanwhile, the company said it’s excited about ongoing extensional drilling at Nil Desperandum, along with starting IP targeting of the five-kilometre iron oxide copper gold corridor along strike from Nil Desperandum and Lady Fanny.
Diamond drilling of the extension to the high grade breccia shoot has been ongoing, with pre-collars for both holes complete.
Two step-out diamond holes are currently in progress, while numerous results are pending.
Carnaby Resources was up 1.42 per cent, trading at $1.07 at 11:17 am AEST.
