Join our daily newsletter At The Bell to receive exclusive market insights
- Carnaby Resources (CNB) intersects an 80-metre downhole zone of copper sulphide mineralisation at the Greater Duchess Copper Gold Project in Queensland
- The first diamond hole of the program also extended the main shoot at the Nil Desperandum Prospect and intersected a semi-massive copper sulphide breccia zone
- Carnaby then drilled 19 reverse circulation holes at the Strelley Gold Project in WA to test three prsospects where previous drilling intersected high-grade gold mineralsiation
- Results are pending and will be reported on once analysed
- Carnaby is up 5.56 per cent on the market with shares trading at 28.5 cents
Carnaby Resources (CNB) has intersected an 80-metre downhole zone of copper sulphide mineralisation at the Greater Duchess Copper Gold Project in Queensland.
The first diamond hole of this drilling program, NLDD042, also extended the main shoot at the Nil Desperandum Prospect and intersected a 0.9-metre wide semi-massive copper sulphide breccia zone.
Additionally, part of the shoot appears to continue at depth and remains open down plunge from NLDD042.
A second diamond hole will be drilled this week to target an untested induced polarisation (IP) anomaly down plunge from NLDD042.
Five reverse circulation (RC) holes were also drilled at the Lady Fanny Prospect, with results pending for all holes.
The first RC holes have intersected strong zones of copper sulphide mineralisation with results expected in due course.
Carnaby then drilled 19 RC holes, for 3150 metres, at the Strelley Gold Project in the Pilbara region of Western Australia.
Drilling tested the Bastion, Alcazar and Stockade prospects where previous RC drilling intersected significant high-grade gold mineralisation.
Results are pending for all holes and will be reported once analysed.
Managing Director Rob Watkins commented on the drilling program.
“Drilling at the Greater Duchess Copper Gold and Strelley Gold projects is progressing apace with both drill rigs double shifting whilst endeavouring to complete the planned programs prior to the end of the year,” Mr Watkins said.
“While we are waiting on results from all drill holes completed so far, we are extremely encouraged by the broad zones of copper sulphide mineralisation we are seeing at Nil Desperandum and Lady Fanny from the first holes drilled in this current program.”
Carnaby was up 5.56 per cent on the market, with shares trading at 28.5 cents at 1:36 pm AEDT.
