- Carnaby Resources (CNB) has identified multiple gold mineralised corridors at its Strelly Project in WA’s Pilbara region
- At the Stockade prospect, broad-spaced drilling identified a corridor more than one kilometre long and remaining open at one end
- Elsewhere at the project, Carnaby mapped out a four-kilometre-long gold anomaly at the Palisade prospect
- Meanwhile, at another of the company’s fully owned assets, the Tick Hill Project in Queensland, drilling confirmed extensions to the main lode
- Shares have been trading 2.9 per cent lower at 34 cents
Carnaby Resources (CNB) has identified multiple gold mineralised corridors at its Strelly Gold Project in WA’s Pilbara region.
Strelly Gold Project
At the Stockade prospect, 200-metre spaced aircore and reverse circulation drilling identified a gold mineralised corridor more than one kilometre long and remaining open to the north.
Best intercepts from the program at Stockade included two metres at 2.15 grams per tonne (g/t) gold.
Elsewhere at Carnaby’s fully owned project, shallow and wide-spaced aircore drilling mapped out a four-kilometre-long gold anomaly at the Palisade prospect.
This corridor is situated along the Berghaus Shear Zone and included an intercept of one metre at 1.08g/t gold.
Carnaby is planning to carry out follow-up drilling at Strelly in February.
Tick Hill Gold Project
Meanwhile, at the Tick Hill Project, near Mount Isa in Queensland, drilling confirmed high-grade extensions to the main lode.
“At Tick Hill, confirmation of the extension of the Main high-grade lode into the north wall of the open pit has further de-risked the open pit cutback, with a decision to mine or divest one step closer,” said Managing Director Rob Watkins.
Here, best intercepts included one metre at 12.45g/t gold from 82 metres.
Shares have been trading 2.9 per cent lower at 34 cents at 10:31 am AEDT.