For thousands of other reports visit RSC's Mineral Intellingence Map
Carnaby Resources Ltd.
Summary
| Project: | Tick Hill | |
|---|---|---|
| Deposit: | Tick Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/26/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-11-2019: Carnaby Resources Ltd. announces an Exploration/Drilling Update report for its Tick Hill deposit at the Tick Hill project. Drilling results incl. 3m @ 9.78g/t Au from 80m. Carnaby Resources Limited (ASX: CNB) (‘Carnaby’ or ‘Company’) is please | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Watkins (Internal) | |
| ABSTRACT: | Carnaby Resources Limited (ASX: CNB) (‘Carnaby’ or ‘Company’) is pleased to announce further high-grade results from ongoing drilling at Tick Hill. The Company’s Managing Director, Rob Watkins commented: “The continuing shallow high-grade drill results from Tick Hill immediately below the historical open pit are highly encouraging. We believe that the two-pronged approach of drilling for immediate extensions to the Tick Hill orebody in conjunction with the ongoing hunt for the repetition of Tick Hill is a balanced risk approach. The Tick Hill style high-grade gold mineralisation is discrete, often only 1 m in width, with only low levels of halo gold anomalism. We believe the anomalism and alteration we are seeing in recent drilling is consistent with the tenor expected within close proximity of another Tick Hill type lode. In that regard we are highly excited about the Tick Hill North target where drilling has just commenced.” Additional shallow RC drilling has been completed targeting the Main Lode South area below the historical Tick Hill open pit. A new drill result of 1 m @ 25.7 g/t gold within 3 m @ 9.78 g/t gold from 80 m has been intersected in CBC024. These lengths are approximately equal to true widths (Figure 1, 2 & 3). This result is from the southern extent of the Hangingwall lode, where previously reported results of up to 1 m @ 34.5 g/t within 2 m @ 17.9 g/t gold have been intersected (see ASX release 1 October 2019). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report