Announcement Date: 2022-05-09
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. 68m @ 2.4% Cu, 0.4g/t Au from 40m
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 new exploration results at the Greater Duchess Copper Gold Project in Mt Isa, Queensland. New Reverse Circulation and Diamond Drilling results and further visual estimations from ongoing drilling at the Lady Fanny and Nil Desperandum copper gold discoveries are presented below and in Tables 1 & 2 of Appendix 1. Drilling continues with two drill rigs, a dedicated RC and a dedicated Diamond Drill rig. A major new program of Induced Polarisation (IP) surveys will commence next week targeting the highly prospective three-kilometre corridor between Nil Desperandum and Lady Fanny and the northern extension of Lady Fanny (Figure 6). Additional IP surveys will also be completed at Duchess and at Mount Hope. LADY FANNY PROSPECT (CNB 100%) Stunning drill results and visual intersections continue to be received from RC drilling at the Lady Fanny discovery as detailed below (Figure 1 & 2). The first diamond drill hole (LFDD126) has been completed at Lady Fanny, intersecting broad zones of copper gold mineralisation and confirming that the mineralisation is hosted concordantly within a large steeply dipping shear zone (Results Pending).
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