Carnaby Resources Limited Announces Mount Hope Drill Results and Strong IP Anomaly at Gap
Carnaby Resources Limited
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Carnaby Resources Limited Announces Mount Hope Drill Results and Strong IP Anomaly at Gap

Carnaby Resources Limited (ASX: CNB), a leading mining company, is delighted to share the remarkable assay results, pXRF readings, and IP anomalies discovered at the Greater Duchess Copper Gold Project in Mt Isa, Queensland.

Exceptional Results Unveiled

Mount Hope Gap Prospect at Greater Duchess, Carnaby Resources has found the strongest IP chargeability anomaly to date. This anomaly boasts a maximum chargeability of 75 m/sec and is modeled to be approximately 100 meters below the surface. Notably, the IP anomaly is situated in the Gap between the two Mount Hope discoveries.

Mount Hope Central Prospect

Several significant assay results have been obtained from drilling activities at Mount Hope Central:

MHDD147 Assays: Boomerang intersected a 72-meter mineralised zone, with a copper grade of 4. 0% and an accompanying gold grade of 0. 4g/t.

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MHDD112 Assays: Chalcus revealed a 46-meter mineralised zone, with a copper grade of 3. 2% and an accompanying gold grade of 0. 5g/t.

MHRC152 Assays: Binna Burra displayed a 117-meter mineralised zone, with a copper grade of 1. 7% and an accompanying gold grade of 0. 1g/t.

MHDD133W8 pXRF readings: Chalcus exhibited a 61-meter mineralised zone, with a copper grade of 2. 3%.

Company's Comment

Rob Watkins, the Managing Director of Carnaby Resources, expressed his excitement about the recent findings. "The broad high-grade results continue to rapidly expand the Mount Hope Central discovery, with exceptional assay and pXRF intersections from the Boomerang and Chalcus Lodes," Watkins declared. "However, we are most excited about the booming IP anomaly that has just been revealed at the GAP target. By far the strongest chargeability anomaly yet seen in any of our surveys, it has just been delineated in three new IP lines. This IP anomaly is undrilled and modeled at only 100 meters below the surface. "

About Carnaby Resources Limited

Carnaby Resources Limited is a well-established mining company, known for its proven and highly credentialed management team. The company maintains a tight capital structure and boasts a strong cash position, ensuring stability and growth. With notable discoveries at Mount Hope, Nil Desperandum, and Lady Fany Iron Oxide Copper Gold within the Greater Duchess Copper Gold Project, Mt Isa inlier, Queensland, Carnaby Resources has established a significant presence in the region. Additionally, the company holds 100% ownership of the Tick Hill Gold Project, historically one of Australia's highest-grade and most profitable gold mines.

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