Carnaby Resources Expands Lady Fanny Deposit Via New IP Surveys and Drilling

THE DRILL SERGEANT: Carnaby Resources (ASX: CNB) reported results from recent exploration activity at the company’s Greater Duchess copper gold project in Mt Isa, Queensland.

At the Lady Fanny target, Carnaby Resources completed three new lines of Induced Polarisation (IP) that have defined chargeability anomalies.

The mineralised corridor, defined by drilling and IP, is now greater than 600 metres long.

The largest IP chargeability anomaly located on the northern most IP line remains completely open to the north.

At the company’s Nil Desperandum discovery, access tracks have been completed with RC and diamond tail drilling of the IP anomalies southwest of discovery hole NLDD044 about to commence.

Results remain pending from several recent holes.

“The sheer scale of the Lady Fanny discovery is rapidly emerging with every hole we drill and IP line we complete,” Carnaby Resources managing director Rob Watkins said in the company’s ASX announcement.

“The limited drilling and IP to date has defined a continuous mineralised strike length of at least 600 metres which remains completely open.

“The strong copper sulphide zone intersected in LFRC019 is 200 metres north of LFRC013, which intersected 20 metres at 2.3 per cent copper and 0.5 grams per tonne gold and the large new IP anomaly north of LFRC019 is equally as exciting!”