Carnaby Cu Au project Qld

Carnaby intersects copper sulphides at Mount Hope and Lady Fanny South IP targets

Carnaby Resources (ASX:CNB) reports it has intersected copper sulphides at Mount Hope and Lady Fanny South IP targets at the Greater Duchess Copper Gold Project in Mt Isa, Queensland.

At the Mount Hope prospect, Carnaby reports that the first reverse circulation (RC) drillhole intersected a 12m copper sulphide quartz vein (results pending) targeting a strong induced polarisation (IP) chargeability anomaly.

This bodes well for the numerous other untested IP targets within the Mount Hope mining lease.

Results from the Lady Fanny South prospect revealed 110m of halo style copper sulphide mineralisation has been intersected in LFDD142 associated with the IP anomaly.

Carnaby reports that follow up drilling to target the core of the IP anomaly is imminent.

Commenting on the results, Carnaby Managing Director Rob Watkins commented: “The outstanding success rate of IP to act as a strong vector to copper sulphide mineralisation at Greater Duchess has proven itself yet again at Mount Hope and Lady Fanny South.

“The outstanding success rate of IP to act as a strong vector to copper sulphide mineralisation at Greater Duchess has proven itself yet again”

We now have a procession of outstanding IP drill targets including Shamrock and Duchess with more IP and drill results imminent.”

Carnaby is an Australian exploration and development company focused on copper and gold projects in the Mount Isa Inlier of Queensland and the Pilbara’s Mallina Basin and Yilgarn Margin of Western Australia.

The Greater Duchess Copper Gold Project, located about 70km southeast of Mount Isa in Queensland and centred around the historical Duchess copper mining district, encompasses 1,022km-square of Iron Oxide Copper-Gold (IOCG) prospective tenure, including Carnaby’s recent Nil Desperandum and Lady Fanny discoveries.

The region is host to numerous significant IOCG deposits, including Ernest Henry, Osborne and Eloise.

The Queensland tenement package also contains the company’s 100% owned Tick Hill gold project, which was one of Australia’s ‘highest grade’ and most profitable gold deposits ever mined, producing 511,000 ounces at 22.5 grams per tonne between 1991 and 1995 before faulting off at 235m below the surface.

Carnaby holds a highly prospective land package in the Pilbara’s Mallina Basin, northeast of De Grey Mining’s (ASX:DEG) Hemi gold deposit, which is Australia’s newest major and under explored gold district.

Images: Carnaby Resources Ltd
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Written By Adam Orlando
Mining.com.au Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.