- Carnaby Resources (CNB) intersects further broad zones of copper mineralisation at the Greater Duchess Copper Gold Project in Queensland
- Diamond and reverse circulation drilling at the Nil Desperandum Prospect is continuing to intersect a broad zone of copper-gold mineralisation
- All samples are currently being prepared for dispatch to ALS laboratories in Mt Isa and will be reported on in due course
- This mineralisation remains open at depth and additional drilling has been planned to further test it
- Carnaby is up 6.35 per cent on the market with shares trading at 33.5 cents at 12:38 pm AEST
Carnaby Resources (CNB) has intersected further broad zones of copper mineralisation at the Greater Duchess Copper Gold Project in Queensland.
Recently completed reverse circulation (RC) and diamond drilling at the Nil Desperandum Prospect has continued to intersect broad zones of copper-gold mineralisation.
This mineralisation forms a hanging wall and footwall zone that remains completely open at depth.
All samples are currently being prepared for dispatch to ALS laboratories in Mt Isa.
Hole NLRC029 was drilled to target the potential up-plunge position of wide and high grade zones historically intersected.
Drilling also tested the lateral extent of the broad zones of copper mineralisation intersected in hole NLRC002, where up to 2.5 per cent copper was returned.
Carnaby intersected broad zones of shallow copper sulphide mineralisation over a width of 95 metres, confirming a significant up-plunge position of the copper mineralisation.
Additionally, a zone of dispersed quartz copper sulphide mineralisation is present over a length of 46 metres and from a depth of 73 meters.
Further drilling is now underway.
Hole NLDD024 has intersected a 21-metre zone of dispersed quartz copper sulphide mineralisation in the footwall zone.
The zone lies roughly 70 metres down-dip from the footwall zone intersected in NLDD017, which returned a result of 30 metres at 1.8 per cent copper and 0.3 grams of gold per tonne (g/t).
Carnaby Managing Director Rob Watkins is excited to receive the results as they could add significant potential to the Greater Duchess Project.
“Nil Desperandum is rapidly becoming a very significant copper gold deposit with scale and economic potential,” Mr Watkins said.
“We look forward to receiving further results from the ongoing drilling program which has been expanded in line with what we are witnessing.”
Carnaby was up 6.35 per cent on the market with shares trading at 33.5 cents at 12:38 pm AEST.