DiscovEx Resources and Carnaby Resources have turned up a trio of new exploration targets at their Greater Duchess copper-gold project near Mt Isa in Queensland. First phase RC drilling at the duo’s Mount Hope prospect visually defined a 75m copper sulphide vein whilst geophysical programs at its nearby Lady Fanny North and Lady Don prospects turned up a pair of compelling induced polarised, or “IP” anomalies.
Carnaby says its new geophysical targets were selected after it completed four IP lines across two previously generated targets — Lady Fanny and Lady Vampire.
The program led to the discovery of a suite of strong inversion anomalies and the identification of a highly prospective and undrilled 1.2km-long corridor north of the Lady Fanny discovery – coined the Lady Fanny North anomaly.
Another line completed between Carnaby’s Nil Desperandum and Shamrock prospects generated a robust anomaly named Lady Don. The company says it was named after historical shallow pit workings that are scattered around the IP target.
According to the company, Lady Don projected a chargeability response that was significantly stronger than the original IP anomaly at Nil Desperandum.
The finding is encouraging given work at Nil Desperandum has delivered a wealth of rich copper hits in recent times, including a solid 41m intercept running 4.1 per cent copper with 0.5 grams per tonne gold from 274m.
At its nearby Mount Hope prospect, Carnaby could be closing in on another swag of robust copper results after a first pass drilling program unveiled a 75m package of visual copper sulphides. Assay results from the program are now pending.
Carnaby Resources’ Managing Director, Robert Watkins said:“Mount Hope is rapidly becoming a very significant addition to the growing pipeline of exceptional targets being generated and drilled at the Greater Duchess Project, which now also includes the exceptional new IP anomalies announced today at Lady Fanny North and Lady Don Prospects.”
DiscovEx divested an 82.5 per cent stake in its Southern Hub exploration tenements that includes the Lady Fanny and Nil Desperandum prospects to Carnaby about two years ago in exchange for a free carried interest.
The deal allows DiscovEx to double down on the discovery of significant gold deposits whilst potentially banking a considerable slice of the pie from Carnaby’s ongoing copper hunt in Queensland.
DiscovEx Resources is currently running a 6000m air-core program at its Sylvania project, 15km south-west of Newman in WA and in the midst of a gravity survey at its Edjudina project, about 250km north-east of Kalgoorlie.
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By Matt Birney
