LykeShares
ASX Mining News
Sign up
Login
Sign Up
(current)
Watchlist
Feedback
Advertise With Us
Profile
Home
Search
Watchlist
Advertise
Feedback
Profile
Carnaby Resources Limited Announces Mount Hope Drill Results and Strong IP Anomaly at Gap — ASX:CNB| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$CNB
Carnaby Resources Limited Announces Mount Hope Drill Results and Strong IP Anomaly at Gap
Carnaby Resources Limited (ASX: CNB), a leading mining company, is delighted to share the remarkable assay results, pXRF readings, and IP anomalies discovered at the Greater Duchess Copper Gold Project in Mt Isa, Queensland.
Exceptional Results Unveiled
Mount Hope Gap Prospect at Greater Duchess, Carnaby Resources has found the strongest IP chargeability anomaly to date. This anomaly boasts a maximum chargeability of 75 m/sec and is modeled to be approximately 100 meters below the surface. Notably, the IP anomaly is situated in the Gap between the two Mount Hope discoveries.
Mount Hope Central Prospect
Several significant assay results have been obtained from drilling activities at Mount Hope Central:
MHDD147 Assays: Boomerang intersected a 72-meter mineralised zone, with a copper grade of 4.0% and an accompanying gold grade of 0.4g/t.
MHDD112 Assays: Chalcus revealed a 46-meter mineralised zone, with a copper grade of 3.2% and an accompanying gold grade of 0.5g/t.
MHRC152 Assays: Binna Burra displayed a 117-meter
...
See More
mineralised zone, with a copper grade of 1.7% and an accompanying gold grade of 0.1g/t.
MHDD133W8 pXRF readings: Chalcus exhibited a 61-meter mineralised zone, with a copper grade of 2.3%.
Company's Comment
Rob Watkins, the Managing Director of Carnaby Resources, expressed his excitement about the recent findings. "The broad high-grade results continue to rapidly expand the Mount Hope Central discovery, with exceptional assay and pXRF intersections from the Boomerang and Chalcus Lodes," Watkins declared. "However, we are most excited about the booming IP anomaly that has just been revealed at the GAP target. By far the strongest chargeability anomaly yet seen in any of our surveys, it has just been delineated in three new IP lines. This IP anomaly is undrilled and modeled at only 100 meters below the surface."
About Carnaby Resources Limited
Carnaby Resources Limited is a well-established mining company, known for its proven and highly credentialed management team. The company maintains a tight capital structure and boasts a strong cash position, ensuring stability and growth. With notable discoveries at Mount Hope, Nil Desperandum, and Lady Fany Iron Oxide Copper Gold within the Greater Duchess Copper Gold Project, Mt Isa inlier, Queensland, Carnaby Resources has established a significant presence in the region. Additionally, the company holds 100% ownership of the Tick Hill Gold Project, historically one of Australia's highest-grade and most profitable gold mines.
... View
0 Likes
0 Reply
?
L
Lykeshares
133d
Official
Berkshire is hoarding so. much. cash.
430 Views
2 Likes
0 Reply
?
L
Lykeshares
133d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
...
See More
rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
415 Views
1 Like
0 Reply
?
L
Lykeshares
164d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
430 Views
2 Likes
0 Reply
?
L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
320 Views
2 Likes
0 Reply
?
L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
306 Views
1 Like
0 Reply
?
L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
295 Views
1 Like
0 Reply
?
L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
1.1k Views
1 Like
0 Reply
?
Loading more...
Popular Stocks 🚀
Megaport Limited
ASX:MP1 | Software & Services
297
Cleantech Lithium
ASX:CTL | Lithium
6.9k
Bass Oil Limited
ASX:BAS | Energy
255
Ilala Metals
ASX:IL1 | Mineral exploration
5.3k
Downer Edi Limited
ASX:DOW | Commercial & Profes…
601
Show more