Carnaby Resources Limited has issued its latest pXRF readings, assay results and downhole EM conductors at the Greater Duchess Copper-Gold Project, highlighting the site’s continuous growth.
According to the company, it discovered a new lode that may likely become a significant new high-grade shoot located in the footwall of the main northwest lode.
The newly named Chalcus lode has now been intersected in three drill holes and remains completely open in all directions.
The intersection of the Chalcus lode in the interpreted position further supports the continuity of the lode and its potential to grow into a significant discovery.
Carnaby also conducted a downhole electromagnetic (DHEM) survey at Mt Hope and included the Chalcus discovery drill hole, which identified strong conductors with up to 10,000 Siemen directly associated with the high-grade mineralisation.
Strong up dip and down dip off-hole conductors up to 5,600 Siemen have also been modelled with the orientation and dip supporting the interpreted geometry of the mineralisation intersected in the three holes to date on the Chalcus lode.
Lateral extents of the lode were not well defined in the survey due to the strong, near-in-hole conductors masking more subtle off-hole responses.
Further DHEM will be completed in other holes to target the lateral extensions.
The company noted that the emerging Chalcus lode does not appear to be new, parallel to the overlying northwest lode, adding that drilling is underway to extend the mineralisation in all directions, including drill testing of the off-hole conductors identified from the DHEM survey.
Managing Director Rob Watkins said the results from Mt Hope Central are significant because they confirm the strong continuity of the main mineralisation in the northeast and northwest lodes.
“Drilling continues apace with numerous assay results awaited and exceptional targets currently being drilled,” he added.
