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- Carnaby Resources (CNB) receives results from drilling at the Nil Desperandum prospect within the Greater Duchess Copper Project in Queensland
- These results include those from partial results received last month and have broadened mineralisation to over 100 metres downhole
- Managing Director, Rob Watkins, says he’s pleased to be seeing a scale of mineralisation that wasn’t previously identified
- Carnaby will soon begin diamond drilling and further reverse circulation drilling under a second phase drilling program at Greater Duchess
- Company shares are up 8.82 per cent and are trading at 37 cents
Carnaby Resources (CNB) has received results from reverse circulation (RC) drilling at the Nil Desperandum prospect.
These prospects are part of the Greater Duchess Copper Project in Mount Isa, Queensland.
Today’s results account for additional RC drilling and remaining downhole intervals of previously reported partial results from the Nil Desperandum prospect.
The remaining results have broadened the mineralisation envelope to over 100 metres downhole. Assays from the Hanging Wall zone include 18 metres at 0.5 per cent copper from 160 metres including four metres at 1.6 per cent copper from 174 metres.
Results from the Footwall zone include 87 metres at 0.9 per cent copper from 190 metres including 56 metres at 1.1 per cent copper from 221 metres including nine metres at 3.1 per cent copper, 0.4g/t gold from 268 metres including three metres at 8.1 per cent copper, 0.9g/t gold from 268 metres.
New results from a step-out hole show that broad copper-gold mineralisation zones are continuous and are getting wider at depth. Assays include 53 metres at 0.5 per cent copper from 236 metres including 18 metres at 0.9 per cent copper from 236 metres including eight metres at 1.3 per cent copper from 246 metres.
Managing Director Rob Watkins was pleased with the latest results.
“The results from Nil Desperandum are getting bigger and better at depth
and we are starting to see a scale of mineralisation not previously identified.”
Later this week, Carnaby will begin diamond drilling and further RC drilling under a second phase drilling program at the emerging Greater Duchess Copper Project.
Company shares were up 8.82 per cent and were trading at 37 cents at 11:16 am AEST.
