Significant AC Programme Underway At Strelley Gold Project
Carnaby Resources Limited (ASX: CNB) has extended the recently discovered Bastion Intrusion hosted gold anomaly of potentially “Hemi style” gold mineralisation, to over 1.4 km strike length by shallow wide spaced aircore drilling at the 100% owned Strelley gold project in the Mallina Basin, in Western Australia’s Pilbara Region.
Aircore drilling has intersected the Bastion intrusion 1km to the NE of the discovery hole PLDD0005, where aircore drill hole PLAC0702 has tagged the intrusion in the last metre of the hole recording 1m @ 0.14 g/t from 26m bottom of hole (BOH).
Managing Director, Rob Watkins, said the discovery of intrusion hosted gold mineralisation at Bastion has resulted in the identification of several new lookalike intrusions within the Strelley Project and has greatly increased the potential of the area.
Preliminary composite aircore drill results have been received for 80% of the recently completed aircore drilling. Significant results include:
5m @ 0.42 g/t gold from 15m; 5m @ 0.39 g/t gold from 5m; and 3m @ 0.37 g/t gold from 20m.
At the Stockade Prospect diamond drill hole PLDD0029 has intersected multiple zones of gold mineralisation which are open: 1m @ 0.8 g/t gold from 22 m and 4.6m @ 0.5 g/t gold from 44m and 2.0m @ 0.5 g/t gold from 61m
“The discovery of intrusion hosted gold mineralisation up to 3.2 g/t gold at the Bastion Prospect and now tagging the mineralised intrusion again 1 km to the northeast as well as the numerous new intrusions identified, reveals the scale of the targets and potential at Strelley,” Mr Watkins said.
“We are now looking forward to the commencement of the RC drilling programme next…”
Bastion Prospect
The Bastion intrusion trend is completely open for another 1 km NE of PLAC0702 to where the projected trend intersects the Gibraltar Prospect.
The Bastion intrusion sits under approximately seven to 10m of cover sequence sands masking the underlying geology / mineralisation and combined with a generally stripped weathering profile in the bedrock, results in the aircore drilling only being able to effectively tag the target horizon at wide spaced intervals.
Carnaby is currently sourcing and negotiating a contract for an RC drill rig to start as soon as possible to commence a minimum 3,000m RC drilling programme.
An additional new NE striking shear target horizon is emerging from the new aircore results approximately 300m southeast of and parallel to the Bastion intrusion and located northwest of the Stockade Prospect. Anomalous gold and arsenic results from this new sparsely drilled corridor include: 5m @ 0.42 g/t gold from 15m; 1m @ 0.66% arsenic, 0.05 g/t gold from 30m to BOH; and 5m @ 0.11 g/t gold from 30m
