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Tag: Carnaby

Trekelano mine pits

Latest Trek 1 results strengthen open-pit case

The latest drill results from Trek 1 clearly demonstrate the start-up potential for an open-pit development, according to Carnaby Resources managing director Rob Watkins.

Carnaby (ASX:CNB) today reported further high-grade shallow copper and gold intersections from drilling at the deposit, which lies within its Greater Duchess project, about 70km south-east of Mount Isa.

Highlights include:

  • 20m at 1.4 per cent CuEq (0.6 per cent copper, 1.0g/t gold) from 1m downhole (CBRC055) and 7m at 8.9 per cent. . .

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copper element periodic table

‘Outstanding’ copper-gold results for Carnaby

Carnaby Resources has intersected broad zones of copper-gold mineralisation at Nil Desperandum as it continues an exploration campaign at its Greater Duchess project in North-West Queensland.

They extend over 300m and are open at depth, with one drill hole producing a result of of 30m at 1.8 per cent copper within 56m grading at 1.2 per cent copper.

Managing director Rob Watkins said outstanding results from the first three priority RC holes indicated a large mineralised Iron Oxide Copper Gold system, which appeared. . .

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Carnaby ticking the boxes for 2020 gold mine start

Carnaby Resources is on track to complete its Tick Hill gold project pre-feasibility study by the end of May as it targets a late 2020 start to mining.

The company last month released scoping study results based on a 12-month mining and toll treatment operation to process a resource of 348,000 tonnes for about 25,000 ounces of gold.

Carnaby is looking at a cutback at the former Tick Hill open pit mine and re-processing of. . .

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