Drilling rigs set up at the Nil Desperandum prospect. Source: Carnaby Resources
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  • Carnaby Resources (CNB) unveils a new round of “stunning” results from drilling at key prospects within its Greater Duchess copper-gold project in Mt Isa, Queensland
  • At the Lady Fanny prospect, Carnaby struck its widest high-grade intercept to date with a 68-metre hit at 2.4 per cent copper and 0.4 grams per tonne (g/t) gold
  • Meanwhile, Carnaby says diamond drilling at the Nil Desperandum prospect extends the breccia shoot discovery in the area a further 180 metres down-plunge
  • Managing Director Rob Watkins says the results demonstrate the resource and development potential of the Greater Duchess project
  • Carnaby shares spike 16.9 per cent this morning to $1.32 each

Carnaby Resources (CNB) has unveiled a new round of “stunning” results from drilling at some key prospects within its Greater Duchess copper-gold project in Mt Isa, Queensland.

The junior explorer said the results come primarily from drilling at the Lady Fanny and Nil Desperandum prospects, though Carnaby also struck shallow high-grade copper from the Burke and Wills prospects.

Managing Director Rob Watkins said the results demonstrated the resource and development potential of the Greater Duchess project.

“We are discovering and building a pipeline of exceptional and highly desirable copper-gold deposits whose intrinsic value will only grow over time as we define and grow the maiden resource and move towards a development timetable,” Mr Watkins said.

From Lady Fanny, Carnaby struck its widest high-grade intercept at the project to date, with a 68-metre hit at 2.4 per cent copper and 0.4 grams per tonne (g/t) gold from 40 metres. This intercept included a 42-metre zone at 3.6 per cent copper and 0.5 g/t gold from 63 metres.

The company said it had now intersected wide, high-grade, and very shallow copper-gold mineralisation at Lady Fanny over a core zone of more than 300 metres in strike, which remained “strongly” open.

Other new results from Lady Fanny include a 13-metre hit at 2.4 per cent copper and 0.3 g/t gold from 21 metres and a 53-metre hit at 0.8 per cent copper and 0.1 g/t gold from 36 metres.

Meanwhile, diamond drilling at Nil Desperandum struck a 33-metre intersection at four per cent copper and 0.5 g/t gold from 264 metres.

Carnaby said the recent Nil Desperandum results extended the high-grade breccia shoot discovery in the area a further 180 metres down-plunge, with extensional drilling still ongoing.

As for Burke and Wills, Carnaby said it drilled five reverse circulation holes along historical workings in the area, with all five holes intersecting shallow high-grade copper-gold mineralisation.

The best results from this prospect include a seven-metre intersection at three per cent copper and 0.2 g/t gold from 46 metres.

Carnaby shares spiked 16.9 per cent this morning to $1.32 each at 10:53 am AEST.

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