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Mount Hope Delivers Exceptional Assay Results and Continues High-Grade Copper Gold Discovery — ASX:CNB| ASX Mining News & Discussion
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Lykeshares
2y
Official
$CNB
Mount Hope Delivers Exceptional Assay Results and Continues High-Grade Copper Gold Discovery
Mount Hope, Queensland - Carnaby Resources Limited (ASX: CNB) is pleased to announce outstanding assay results and pXRF readings from the Greater Duchess Copper Gold Project in Mt Isa, Queensland. The company's ongoing exploration efforts have yielded impressive findings, bolstering the potential of the Mount Hope Central Prospect.
These impressive results demonstrate the strong continuity of the Boomerang and Chalcus Lodes and indicate significant potential for a major high-grade copper gold discovery in the Mount Hope area. The mineralization remains open along strike and at depth.
Rob Watkins, the Managing Director of Carnaby Resources, expressed his satisfaction with the ongoing progress. Watkins said, "Mount Hope continues to deliver as we drill around the clock with three drill rigs. These exceptional assay results and pXRF readings confirm the robustness of the copper gold mineralization at Mount Hope Central and Mount Hope North. We are excited about the rapid development of Mount Hope, which
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positions it as a significant high-grade copper gold discovery within Australia's premier copper mining district."
Carnaby Resources boasts a proven and highly credentialed management team, a solid cash position, and a tight capital structure. In addition to the Mount Hope, Nil Desperandum, and Lady Fany Iron Oxide Copper Gold discoveries within the Greater Duchess Copper Gold Project, the company also holds numerous camp-scale IOCG deposits across 1,022 km2 of tenure. Furthermore, the company's projects are strategically located close to the highly prospective tenure of De Grey's Hemi gold discovery.
With 100% ownership of the Tick Hill Gold Project in Queensland, Carnaby Resources adds another feather to its cap. The Tick Hill Gold Project encompasses historically one of Australia's highest-grade and most profitable gold mines, producing 511 koz at 22 g/t gold.
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L
Lykeshares
133d
Official
Berkshire is hoarding so. much. cash.
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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
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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.
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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
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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
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L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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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...
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L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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