Announcement Date: 2022-04-04
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. 24m @ 5.0% Cu, 1.3g/t Au from 313m
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 exceptional exploration results at the Greater Duchess Copper Gold Project in Mt Isa, Queensland. New RC and diamond drilling results and further visual copper sulphide estimations from ongoing drilling at the Nil Desperandum and Lady Fanny copper gold discoveries are presented below and in Appendix 1 & 2. Drilling continues with two drill rigs, a dedicated RC and a dedicated diamond drill rig. NIL DESPERANDUM PROSPECT (CNB 82.5%, DCX 17.5%) Carnaby continues to extend the Nil Desperandum high-grade discovery to the southwest targeting extensions of the high-grade breccia shoot and drill testing Induced Polarisation (IP) chargeability anomalies that have been shown to correlate exceptionally well with copper sulphide mineralisation. It is becoming clear that the high-grade breccia shoot intersected in NLDD044 and NLDD084 is a new high-grade plunging pipe-like breccia shoot separate from the shallower, previously defined breccia shoot. Both shoots appear to have similar plunges to the SSW and remain completely open at depth (Figure 1). The breccia shoots appear to have formed within a broader SW trending mineralised corridor which is also completely open.
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