Unveiling the Hidden Riches in Queensland - Carnaby Resources Unearths Highly Significant Gold and Copper Deposits

$CNB Unveiling the Hidden Riches in Queensland - Carnaby Resources Unearths Highly Significant Gold and Copper Deposits

Carnaby Resources announces outstanding exploration results at Greater Duchess Copper Gold Project

Carnaby Resources Limited, an Australian mining company, has recently released exceptional exploration results, indicating a significant copper and gold deposit in the Greater Duchess Copper Gold Project in Mt Isa, Queensland. The company's latest report describes the Mount Hope Central Prospect exploration findings, which found an 87m deposit of copper at 2.3%, and 0.5 grams/ton of gold. These results indicate an intensely strong Downhole EM conductor, with the lateral extension and EM plate remaining open and outside of the existing mineral resource limits.

Additional findings at Lady Fanny Prospect and Wimberu Prospect

According to the report, additional post-mineral resource findings were made at Lady Fanny Prospect, with an off-hole conductor modelled approximately 500m north of the nearest drill hole. The prospect revealed a 64m deposit of copper at 1.0% and 0.2g/ton of gold, while the other deposit, LFRC201, discovered a 13m ... deposit of copper at 1.8%, 0.1g/ton of gold, and 52m deposit of copper at 1.5%, and 0.2g/ton of gold. All the results from Lady Fanny Prospect further highlight its remarkable potential for further extensions to the deposit.

At the Wimberu Prospect, the first Carnaby RC drilling program has started, targeting large scale intrusion-hosted IOCG mineralisation. The company's findings show that the Chalcus Lode extension is completely open laterally and at depth below the current resource boundary. The positive results prove promising developments for Carnaby Resources Limited's investors and the surrounding communities.

Carnaby Resources Limited's company highlights

The company, valued at over $100 million, has a strong cash position and a tight capital structure. Its proven and highly credentialed management team is driving the Greater Duchess Copper Gold Project, which covers numerous camp-scale IOCG deposits over 1,921 km2 of tenure. They have also made their Maiden interim Mineral Resource Estimate, revealing 21.8Mt at 1.4% CuEq for 315kt CuEq. Mount Hope, Nil Desperandum, and Lady Fanny Iron Oxide Copper Gold discoveries within the Greater Duchess Copper Gold Project at Mt Isa, Queensland, and projects near De Grey's Hemi gold discovery form a highly prospective tenure, further highlighting the company's strengths.

The district-scale Greater Duchess Copper Gold Project in Mt Isa, Queensland, is showing promising exploration results, as well as having a proven and highly credentialed management team, a tight capital structure, and a strong cash position.

The project's Maiden interim Mineral Resource Estimate and the discoveries at Mount Hope, Nil Desperandum, and Lady Fanny Iron Oxide Copper Gold have further increased the company's strength in the region. The continued exploration and findings at Lady Fanny and Wimberu Prospect attest to the immense potential of the project open laterally and at depth. For investors and the surrounding communities, this could be a significant development as the Greater Duchess project continues to grow.

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