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.
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We are excited about the rapid development of Mount Hope, which 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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