- Carnaby Resources (CNB) is set to commence drilling next week after identifying four IP conductors at its Greater Duchess Project in Queensland
- The explorer said four strong induced polarisation conductors were identified at the Nil Desperandum Prospect, providing immediate walk-up drill targets
- As a result, CNB has laid plans for a 4000-metre reverse circulation drilling program, set to commence next week targeting Nil Desperandum and other key target areas within the Greater Duchess Copper-Gold project
- IP results from the Mount Birnie and Duchess Prospects are being processed and are set to be announced shortly, according to Carnaby
- Carnaby Resources shares are up 5.56 per cent following the announcement, trading at 38 cents
Carnaby Resources (CNB) is set to to commence drilling next week after identifying four IP conductors at its Greater Duchess Project in Queensland.
The explorer has completed a 15-line kilometre ground induced polarisation (IP) surveys at the Nil Desperandum and Mount Birnie prospects within the project.
As a result, CNB said four strong IP conductors had been generated at the Nil Desperandum Prospect, providing immediate walk-up drill targets.
Further to this, Carnaby has laid plans for a 4000-metre reverse circulation drilling programme set to commence next week, targeting Nil Desperandum and other key target areas within the Greater Duchess Copper-Gold project.
The centre of the conductor is approximately 200 metres below surface, with the closest historical drilling situated 180 metres northeast, which yielded historical results up to 14 metres at 2.4 per cent copper including six metres at 5.2 per cent copper.
Carnaby said the source of the conductor is still unknown but will be tested with drilling as part of the approaching programme.
IP results from the Mount Birnie and Duchess Prospects are being processed and are set to be announced shortly, according to Carnaby.
Carnaby Resources Managing Director Rob Watkins the team was excited to commence drilling.
“Nil Desperandum and our other Greater Duchess Copper Gold prospect
areas are rapidly emerging as an exceptional camp of high-grade copper
gold targets within the Mary Kathleen IOCG belt that also hosts Hammer
Metals (HMX) new Trafalgar copper discovery to the north,” he commented.
Carnaby Resources shares are up 5.56 per cent following the announcement, trading at 38 cents at 11:14 am AEST.