- Carnaby Resources (CNB) identifies more anomalies at the Greater Duchess copper-gold project in Mt Isa, QLD
- Induced polarisation (IP) survey work at the Mount Hope prospect uncovered an “extremely strong” chargeability anomaly which will be followed up with drilling
- At the Shamrock prospect, CNB received rock chip and sampling results which it says enhances the prospect’s potential to host copper sulphide mineralisation
- Finally, drilling at the Nil Desperandum and Lady Fanny South has intersected copper sulphide mineralisation with follow-up drilling planned
- Company shares are up 14.6 per cent and trading at $1.06 at 11:04 am AEST
Carnaby Resources (CNB) is continuing exploration activities at the Greater Duchess copper-gold project in Mt Isa, Queensland.
The company has been conducting induced polarisation (IP) survey work across the Mount Hope and Duchess prospects with results received from a further nine IP lines.
The IP surveys at Mount Hope have uncovered a large and “extremely strong” chargeability anomaly.
This anomaly is located in the core zone of the Mount Hope North area and is coincident with small northeast striking workings which targeted an outcropping quartz ironstone ridge.
Carnaby plans to follow up the anomaly with drilling.
IP anomalies were also generated at Duchess including one to the west of the Ivanhoe lode which the company said will be an “excellent” future drill target.
Over at the Shamrock prospect, rock chip and channel sampling results have been received including rock chip values of up to 17.7 per cent copper and four grams per tonne (g/t) gold and channel sample results include two metres at 7.2 per cent copper, 0.5 g/t gold.
These results reportedly enhance the potential to host copper sulphide mineralisation associated with IP chargeability anomalies identified at the end of June.
Carnaby will soon complete heritage surveys at Shamrock before it begins first pass drilling.
The company has also undertaken drilling at the Nil Desperandum and Lady Fanny South prospects.
Two diamond holes extended the main Nil Desperandum breccia shoot a further 150 metres down plunge to the southwest. One of the holes also intersected 19 metres of copper sulphide mineralisation with results pending.
At Lady Fanny South, the company drilled two reverse circulation holes to target a recently identified IP anomaly. Both holes encountered “encouraging” halo style disseminated sulphide mineralisation with one hole intersecting 37 metres of disseminated copper sulphides.
Follow-up drilling at the prospect is planned.
Company shares were up 14.6 per cent and trading at $1.06 at 11:04 at 10:53 am AEST.