Announcement Date: 2022-01-10
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Carnaby Resources Ltd.
Project name: Greater Duchess
Location: Australia
Commodities: Gold,Copper
Highlight: Drilling results incl. 60.3m @ 0.9% Cu, 0.1g/t Au from 256m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Carnaby Resources Limited (ASX: CNB) (Carnaby or the Company) is pleased to announce further drill results from the Nil Desperandum Prospect within the Greater Duchess Copper Gold Project in Mt Isa, Queensland. Importantly the result from NLDD042 confirms the excellent continuity of the main high-grade breccia shoot directly down plunge from the previously reported drill hole NLRC017 which intersected 87m @ 0.9 % copper including 30m @ 1.8% copper (see ASX release 5 July 2021). The recently reported spectacular drill result in NLDD044 of 41m @ 4.1% copper, 0.5g/t gold including 9m @ 10.3% copper, drilled subsequent to NLDD042, lies a further 80m south (see ASX release 29 December 2021). Further drilling is required to confirm the continuity between these holes and to test for further extensions of high-grade mineralisation which remains open up and down dip and down plunge. Major new tenement applications targeting the southern continuation of a strong structural corridor south of Nil Desperandum have increased landholdings by 638 km2 at Greater Duchess to 1,022 km
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