Carnaby Resources Limited (ASX: CNB) has received further positive drill results from the Nil Desperandum Prospect within the Greater Duchess Copper-Gold Project in Mt Isa, Queensland.
Highlights
Assay results have been received for NLDD042 confirming a broad high grade copper gold discovery at Nil Desperandum.
Results are: 60.3m @ 0.9% copper, 0.1g/t gold from 256m; and 3m @ 1.1% copper, 0.2 g/t gold from 238m.
Managing Director, Rob Watkins, said importantly the result from NLDD042 confirms the excellent continuity of the main high-grade breccia shoot directly down plunge from the previously reported drill hole NLRC017 which intersected 87m @ 0.9 % copper including 30m @ 1.8% copper.
Results from numerous other holes drilled at the end of 2021 at Nil Desperandum, Lady Fanny and Burke & Wills prospects are also awaited.
He said the recently reported spectacular drill result in NLDD044 of 41m @ 4.1% copper, 0.5g/t gold including 9m @ 10.3% copper, drilled subsequent to NLDD042, lies a further 80m.
Mr Watkins said further drilling is required to confirm the continuity between these holes and to test for further extensions of high-grade mineralisation which remains open up and down dip and down plunge.
In that regard, follow up exploration is being rapidly escalated with extensive IP surveys and multiple drill rigs to commence this month.
Carnarby has also lodged major new tenement applications targeting the southern continuation of a strong structural corridor south of Nil Desperandum have increased landholdings by 638 sq. km at Greater Duchess to 1,022 sq. km.
“NLDD042 has confirmed the strong continuity of the broad high-grade Nil Desperandum breccia which has been traced for over 500m and getting bigger and better at depth,” Mr Watkins said.
“We look forward to receiving more results shortly and the imminent start of 2022 exploration. We are also highly excited about the regional upside potential of the extensive new land tenure announced today.”
For further information please visit: https://carnabyresources.com.au/
