- Carnaby Resources (CNB) has identified two new “very significant” anomalies at the Greater Duchess copper-gold project in Queensland
- The anomalies, named the Lady Fanny South and Shamrock prospects, are situated between the Nil Desperandum and Lady Fanny corridor spanning three kilometres
- Carnaby says the anomalies represent “excellent deposit-scale” drill targets which are being fast-tracked for drill testing
- Company shares are up 15 per cent to trade at 80.5 cents at 11:17 am AEST
Carnaby Resources (CNB) has identified new anomalies at the Greater Duchess copper-gold project in Mt Isa, Queensland.
The company has received and processed results for the first nine survey lines from a high-priority area between the Nil Desperandum and Lady Fanny prospects.
The three-kilometre corridor between the two areas is characterised by mostly shallow alluvial cover with occasional isolated hills of outcropping basement rocks.
Positively for the company, the results from the first nine of 24 separate lines have uncovered two “very significant” induced polarisation (IP) chargeability anomalies named the Lady Fanny South and Shamrock prospects.
The IP chargeability anomaly at Lady Fanny South can be traced for over 600 metres south of the Lady Fanny prospect and is located under shallow alluvial cover where no previous drilling has been completed.
This anomaly forms a continuous chargeability anomaly with the Lady Fanny main lode copper-gold mineralisation over 1.4 kilometres of strike.
Carnaby completed five IP lines at the Shamrock prospect which targeted shallow historical workings around 1.4 kilometres northeast of the Nil Desperandum prospect.
The new chargeability anomaly at Shamrock is continuous across at least four IP sections over a strike length of 800 metres with the two central IP section lines showing the strongest inversion anomalies.
“The undrilled three-kilometre corridor between Nil Desperandum and Lady Fanny now has two excellent deposit scale drill targets following the identification of these highly significant IP anomalies,” Managing Director Rob Watkins said.
“These new IP anomalies are both of similar strength and magnitude and are being fast tracked to first pass drill testing.”
Company shares were up 15 per cent to trade at 80.5 cents at 11:17 am AEST.