- Carnaby Resources (CNB) intersects copper sulphides at the Mount Hope and Lady Fanny South prospects at the Greater Duchess copper-gold project in Queensland
- Drilling at Mount Hope intersected a 12-metre copper sulphide quartz vein and a 21-metre intersection of strongly oxidised quartz veining
- Further, drilling intersected up to two per cent copper and 0.3g/t gold
- Two holes were drilled at the Lady Fanny South IP chargeability anomaly with 110 metres of halo-style disseminated and stringer copper sulphide veining intersected
- Carnaby is down 10 per cent on the market with shares trading at 99 cents at 11:28 am AEST
Carnaby Resources (CNB) has intersected copper sulphides at the Mount Hope and Lady Fanny South prospects at the Greater Duchess copper-gold project in Queensland.
The first five holes drilled at Mount Hope intersected copper sulphides and oxide copper mineralisation.
While results are pending, the first hole (MHRC023) intersected a 12-metre copper sulphide quartz vein from 189 to 201 metres.
Carnaby believes this first hole is the source of the large associated induced polarisation (IP) anomaly.
Hole MHRC011 intersected a 21-metre intersection of strongly oxidised quartz veining with preserved transitional copper sulphides from 35 to 56 metres.
Holes MHRC001 and MHRC002 intersected broad zones of potentially oxidised quartz veining with copper sulphides.
Results include 21 metres at one per cent copper and 0.2 grams per tonne (g/t) gold from 51 metres including 10 metres at 1.8 per cent copper and 0.3 g/t gold from 51 metres, and 10 metres at 1.2 per cent copper and 0.2 g/t gold from 32 metres including four metres at two per cent copper and 0.2 g/t gold from 37 metres.
Further drilling is now underway at Mount Hope to test other IP anomalies and define the extent and orientation of the copper mineralisation intersected to drilling to date.
Two holes were drilled at the Lady Fanny South IP chargeability anomaly with LFDD142 intersecting 110 metres of halo-style disseminated and stringer copper sulphide veining.
Preliminary measurements indicate strong shear-controlled mineralisation that dips steeply to the west and trends in a north-south direction.
“The outstanding success rate of IP to act as a strong vector to copper sulphide mineralisation at Greater Duchess has proven itself yet again at Mount Hope and Lady Fanny South,” Managing Director Rob Watkins said.
“We now have a procession of outstanding IP drill targets including Shamrock and Duchess with more IP and drill results imminent.”
Carnaby was down 10 per cent on the market with shares trading at 99 cents at 11:28 am AEST.