Carnaby Resources Limited’s (ASX: CNB) first RC drill hole at Mount Hope North has intersected a 12m copper sulphide quartz vein in exploration at the Greater Duchess Copper Gold Project in Mt Isa, Queensland.
Highlights Mount Hope Prospect:
• The first RC drill hole at Mount Hope North was targeting a strong Induced Polarisation (IP) chargeability anomaly. This bodes well for the numerous other untested IP targets within the Mount Hope mining lease.
• First RC results from two RC holes drilled at Mount Hope Central pit intersected broad zones of shallow copper gold mineralisation; MHRC001 21m @ 1.0% Copper, 0.2 g/t Gold from 51m Lady Fanny South Prospect:
• 110m of halo style copper sulphide mineralisation has been intersected in LFDD142 associated with the IP anomaly. Follow up drilling to target the core of the IP anomaly is imminent.
“The outstanding success rate of IP to act as a strong vector to copper sulphide mineralisation at Greater Duchess has proven itself yet again at Mount Hope and Lady Fanny South. We now have a procession of outstanding IP drill targets including Shamrock and Duchess with more IP and drill results imminent,” Managing Director, Rob Watkins, said.
The first five holes at Mount Hope have all intersected copper sulphide (chalcopyrite) and oxide copper mineralisation with assay results and visual logs.
MHRC023
The first hole drilled into the large Induced Polarisation (IP) chargeability inversion anomaly has intersected a 12m downhole copper sulphide quartz vein from 189m to 201m in MHRC023. The copper sulphide vein mineralisation is almost certainly the source of the large associated IP anomaly Results are pending.
MHRC023 was drilled approximately 20m off section to the southwest of the IP anomaly. Further drilling is planned to test immediately northeast of the IP anomaly which is closer to the main historical open pit workings.
Extensive additional drilling is underway throughout the Mount Hope mining lease to test the other IP anomalies and to define the extents and orientation of the copper mineralisation intersected in drilling to date.
For further information please visit: https://carnabyresources.com.au/
