- Carnaby Resources (CNB) will begin an 8000-metre drilling program at its Strelley Gold Project in the Pilbara
- In late 2020, wide-spaced aircore and shallow reverse cycle drilling at the Stockade Prospect identified up to 3.9 grams per tonne of gold over a one-kilometre strike
- Drilling at the Stockade Prospect has begun, and, for the first time, Carnaby will also begin drilling within the Strelley Special Lease area
- Target areas include the southern extension of the Stockade target, the Gibraltar prospect and the Palisade prospect
- The company says that this second phase of drilling will define the orientation and style of the gold mineralisation to optimise future aircore and RC drilling programs
- Carnaby is trading flat for 24.0 cents per share
Carnaby Resources (CNB) will begin an 8000-metre drilling program at its Strelley Gold Project in WA’s Pilbara region.
Last year, wide-spaced aircore and shallow reverse circulation (RC) drilling at the Stockade Prospect identified up to 3.9 grams per tonne of gold over a one-kilometre strike, as well as a second parallel trend intersecting 0.5g/t of gold at the bottom of the hole.
Consequently, drilling has commenced at the Stockade Prospect, and, for the first time, Carnaby will also begin drilling within the Strelley Special Lease area.
Numerous high priority targets have been defined in the Strelley area, including the southern extension of the Stockade target.
Drilling will also target the broader Tabba Tabba Shear Zone, including the Gibraltar prospect and the Palisade prospect. Up to 0.6g/t gold was intersected at Gibraltar and a four-kilometre long gold anomaly was defined at Palisade in late 2020.
The company says this second stage of drilling will define the orientation and style of the gold mineralisation in order to optimise the drill orientation of future aircore and RC drilling programs.
Managing Director Rob Watkins commented on the second phase of
drilling saying it’s “all about focussing in on these high priority target areas to really probe for high grade lode development potential within the broader
mineralised trends.”
Carnaby is trading flat for 24.0 cents per share at 12:37 pm AEDT.