“Hemi” Style Targets Identified In Pilbara
Carnaby Resources Limited (ASX: CNB) has identified several new “Hemi style” intrusion targets from two new aeromagnetic surveys completed at the Strelley and Mount Grant Projects and from additional land tenure secured at Pardoo in Western Australia.
Managing Director, Rob Watkins, said Carnaby’s landholding in the Mallina Basin has increased by 47% to 394 sq. km with the addition of two new exploration license applications at Pardoo and Goldsworthy.
The new Pilbara region projects are located to the north of De Grey Mining’s exciting Hemi gold discovery.
Mr Watkins said the additional ground secured at Pardoo hosts several discrete magnetic anomalies also considered to be potential “Hemi style” intrusion targets
Results from the recently flown high resolution aeromagnetic surveys has also highlighted wide zones of alteration along major structural corridors at the confluence of the Tabba Tabba and Berghaus Shear Zones which are considered to be prospective for gold mineralisation.
“As we look forward to receiving initial drill results from the recently commenced first phase of aircore drilling at Strelley, it is encouraging to have generated a pipeline of new targets from the recently completed aeromagnetic surveys and the additional ground that has been secured,” MrWatkins said.
“The Mallina Basin is in its infancy in terms of understanding the wider exploration potential outside of De Grey’s Hemi gold discovery. “We believe the land package that we have built up, covering approximately 70 km strike of key regional structures within the Mallina Basin is highly prospective and underexplored.”