Carnaby Resources (ASX: CNB) has reported a series of ‘stunning’ drill results from the Lady Fanny and Nil Desperandum prospects within its Greater Duchess Copper Gold Project near Mt Isa, Queensland.
At Lady Fanny, hole LFRC120 has achieved the widest ‘high-grade’ intercept to date, with 68m @ 2.4% Cu and 0.4 g/t Au from 40m, including 42m @ 3.6% Cu, 0.5 g/t Au from 63m.
The company reports that wide, shallow, ‘high grade’ copper-gold mineralisation has now been intersected over 300m of strike length, which remains open.
In addition, Lady Fanny delivered a number of other new results and visual intercepts, including 30m of ‘very strong’ copper sulphides from hole LFRC129, with assays pending.
At Nil Desperandum, diamond drilling has confirmed shoot orientation of the high grade breccia, which has been extended 180m down-plunge. Hole NLDD086 intersecting 33m @ 4.0% Cu and 0.5 g/t Au from 264m, including 18m @ 6.7% Cu and 0.8 g/t Au. In addition, hole NLDD080 delivered 26m @ 2.4% Cu and 0.3 g/t Au, with 17m @ 2.2% Cu and 0.4 g/t Au in hole NLDD082.
“We are discovering and building a pipeline of exceptional and highly desirable copper gold deposits whose intrinsic value will only grow over time”
Speaking on the results, Carnaby Resources Managing Director Rob Watkins said: “These stunning drill results clearly demonstrate the resource and development potential of the Greater Duchess Copper Gold Project.
We are discovering and building a pipeline of exceptional and highly desirable copper gold deposits whose intrinsic value will only grow over time as we define and grow the maiden resource and move towards a development timetable.”
The Greater Duchess Copper Gold Project is situated approximately 70km south of Mount Isa in northwest Queensland, and encompasses a 1,022km² footprint prospective for Iron Oxide Copper Gold (IOCG) and epigenetic Tick Hill style gold targets across a 100km corridor.
Drill section displaying Hole LFRC120 at Lady FannyThe project includes the historic Duchess Copper-Gold Mine, which was responsible for around 205,000 tonnes of output @ 12.5% Cu between 1900 to 1940.
Carnaby reports that extensional drilling is ongoing at Nil Desperandum, while a series of IP surveys are expected to commence within the next week, targeting the ‘highly prospective’ 3km corridor between Nil Desperandum and Lady Fanny, along with the northern extension of Lady Fanny, Duchess and Mount Hope.
Images: Carnaby Resources Ltd
