| Announcement Date: | 2022-11-16 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Carnaby Resources Ltd. |
| Project name: | Greater Duchess |
| Location: | Australia |
| Commodities: | Copper |
| Highlight: | Drilling results incl. 37m at 5% Cu from 158m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Carnaby Resources Limited (ASX: CNB) (Carnaby or the Company) is delighted to announce further exceptional drill results from the Mount Hope Prospect at the Greater Duchess Copper Gold Project in Mt Isa, Queensland. Exploration drilling at the Greater Duchess Copper Gold Project is focussed on the Mount Hope Prospect, where new results announced today continue to define a very material discovery which is detailed below. Mount Hope Central continues to grow in size and grade with ongoing drilling. The copper gold mineralisation is focussed on a core zone which appears to be the confluence of two major mineralised structures as shown in Figure 2. Continuous wide and high-grade drill results have been defined over a combined strike length of approximately 200m (Figure 2). Portable XRF readings are reported where indicated and in Appendix 1, Table 2. It should be noted that pXRF readings are spot readings and are only a guide to actual results. Portable XRF readings of 1m intervals in RC holes are taken through the calico sample bag or through the green plastic residue sample bag. Comparison of previous pXRF readings against laboratory assay results from Mount Hope indicate that the pXRF readings under-report the actual assay copper grades by an average of 30% |
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