Carnaby identifies outstanding VTEM conductors at Greater Duchess

Carnaby Resources (ASX: CNB) has obtained promising preliminary results from a recently completed VTEM survey at the Greater Duchess Copper-Gold Project in Queensland.

VTEM Survey Preliminary Data Highlights:

• A 194 line km aerial VTEM survey has just been completed over the Mount Hope and Nil Desperandum regions.
• Preliminary line data indicates multiple strong late channel bedrock conductors at numerous new undrilled locations.
• Of the moderate to strong conductors identified, only four

have been drilled (Mount Hope Central, Mount Hope South, Mohawk and Nil Desperandum), revealing that all conductors drilled to date are associated with copper mineralisation.

• This 100% correlation bodes very well for the numerous other undrilled moderate to strong late channel conductors that have so far been identified in this VTEM survey.
• Of greatest interest is the emerging >4km long Mohawk NS corridor which has numerous new strong undrilled conductors identified north of the discovery drill hole which intersected 21m @ 2.0% Cu, 0.6g/t Au (see ASX release 9 September 2024).
• A very strong late time conductor has also been identified at the undrilled Pronuba Prospect.
• A Nil Desperandum look-alike conductor has also been identified 2km to the SE of the deposit, which also has not been drilled or even soil sampled to date.

“Carnaby’s first ever VTEM survey at Greater Duchess has delivered game changing results. The numerous new undrilled strong late time conductors identified are all exceptional walk-up drill targets and provide an immediate focus for ongoing exploration drilling aimed at increasing the open pit mineral resources at the Greater Duchess Project,” Managing Director, Rob Watkins, said.

“The >4km Mohawk corridor is emerging as an exceptional target zone where only a handful of holes have been drilled to date, all at the immediate discovery location and where only two drill hole assay results have been received to date, and include 21m @ 2.0% Cu, 0.6g/t Au. We look forward to receiving the processed VTEM data for all to see the scale and significance of the conductors that have been identified.”

An extensive aerial VTEM survey was completed over the recently consolidated Mount Hope region and the Nil Desperandum region where a total of 194 line km of helicopter VTEM surveying was undertaken at 200m line spacing.

The VTEM survey was completed by UTS Geophysics and supervised by Southern Geoscience. Detailed processing of the VTEM data is underway and is estimated to take approximately one month to receive the final data and images. Due to the requirement to validate and process the data, only preliminary line data observations can be presented below which have been provided by independent consultants Southern Geoscience.