- Carnaby Resources (CNB) receives the first round of results from ongoing drill efforts at the Mt Birnie prospect within its Greater Duchess Copper-Gold Project in Queensland
- The explorer identified a copper-gold shoot remaining open at depth, which it says could give way to further high-grade shoots along strike
- According to Carnaby, the first drills at Nil Desperandum have also given way to significant zones of semi-massive copper sulphide mineralisation
- Carnaby’s Managing Director says the company is excited by the results, with more still to come
- Carnaby Resources shares are trading in the grey at 36 cents
Carnaby Resources (CNB) has received the first round of results from ongoing drill efforts at the Mt Birnie prospect within its Greater Duchess Copper-Gold Project in Queensland.
The explorer identified a copper-gold shoot plunging steeply west and open at depth, which it said could give way to further high-grade shoots along strike and on untested parallel structures.
Reverse circulation drill results from CNB’s selected intervals include three metres at 8.5 per cent copper, 4.3 g/t gold from 76 metres; four metres at 4.2 per cent copper and 1.6 g/t gold from 116 metres including two metres at 7.5 per cent copper and 2.5 g/t gold from 117 metres.
According to Carnaby, the first drills at Nil Desperandum have given way to significant zones of strongly disseminated and semi-massive copper sulphide mineralisation with the results still to come.
The company noted however that the results received so far represent limited selected intervals from visual logging of drill samples, and there are likely to be lower-grade copper mineralisation results to come.
Carnaby Resources Managing Director Rob Watkins commented on the results.
“We are genuinely excited by what we are seeing at both Mount Birnie and Nil
Desperandum and eagerly await further results from the ongoing RC drilling
program,” he said.
Carnaby Resources shares were trading in the grey at 36 cents at 12:00pm AEST.