Home Search Top 10 Trends Watchlist Advertise Feedback Profile



Carnaby Resources Limited Announces Mount Hope Drill Results and Strong IP Anomaly at Gap Carnaby Resources Limited

Carnaby Resources Limited Announces Mount Hope Drill Results and Strong IP Anomaly at Gap

Post image

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.

Story Continues.. after this ad because we need some dollarydoos





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 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.

Promote your business on our growing investor platform: Advertise With Us
Reply ... Share

S
Shortnsalty @LykeShares
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
Reply
M
Mining_Mate @LykeShares
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 ...
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 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.
Reply
G
Goldrush_Greg @LykeShares
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Reply
S
Stonksurfer42 @LykeShares
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Reply
M
Moonbagjack @LykeShares
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Reply
C
Chartwizard_Au @LykeShares
🔺 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...
🔺 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...
Reply
T
Tendies_Inbound @LykeShares
#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Reply
📈 Top 10 Stock Lists
Join the conversation
📈 Top Daily Gainers
📈 YTD Gainers
📉 Top Daily Losers
💰 High Dividend Yields
📅 Best Performers – November
✅ Seasonal Standouts – November
🔮 Seasonal Standouts – December