Carnaby Resources Limited (ASX: CNB) has identified a number of new potential drill targets withy exploration results at its 100% owned Lady Fanny copper gold discovery within the Greater Duchess Copper Gold Project in Mt Isa, Queensland.
Results from the first three lines of IP at Lady Fanny have outlined several strong inversion chargeability anomalies across all three lines. Data from an additional three infill and extension IP lines have been received and inversion modelling of the data is underway and will be reported shortly. The IP lines were completed over 1.4km long east-west traverses covering the entire Lady Fanny to Burke & Wills lines of workings.
Highlights
• Induced Polarisation (IP) results have been received from the first three lines at Lady Fanny completed on ~200m spaced east-west traverses. Results from a further three IP lines are awaited.
• The IP results have recorded several strong undrilled inversion chargeability anomalies of exceptional potential and completely open at depth and along strike.
• Strong near surface IP chargeability inversion anomalies correlate extremely well with outcropping copper mineralisation confirming that the IP is almost certainly identifying the strong copper sulphide mineralisation at surface and at depth.
• A major RC drilling programme at Lady Fanny is underway to drill out the top 100m depth over a >400m strike and target the new IP anomalies.
• Heritage surveys at the Nil Desperandum Prospect were successfully completed yesterday, clearing the way for follow up drilling of the 400m long IP anomaly southwest of the 41m @ 4.1% copper in
Managing Director, Rob Watkins, said the Lady Fanny IP results are extremely encouraging and are suggestive of a much larger copper sulphide bearing system at depth and along strike.
“The IP at Lady Fanny appears to be working as well as it did at Nil Desperandum which led to the high-grade discovery.
“This bodes well for the follow up drilling at Lady Fanny which is underway. The strength of the Lady Fanny inversion chargeability anomalies is stronger than in the high-grade discovery IP section at Nil Desperandum.
“While the strength of the chargeability inversion anomalies cannot be used as a guide for copper grades or widths, the strength of the Lady Fanny IP chargeability anomalies is certainly a positive sign.
“With this in mind, we are genuinely excited about what lies ahead at Lady Fanny and Nil Desperandum and the broader Greater Duchess Copper Gold Project in the weeks and months ahead.”
For further information please visit: https://carnabyresources.com.au/
