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Carnaby Resources Ltd.
Summary
| Project: | Tick Hill | |
|---|---|---|
| Deposit: | Tick Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/29/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-1-2020: Carnaby Resources Ltd. announces a Resource Estimation report for its Tick Hill deposit at the Tick Hill project. Mineral resource update for project. Carnaby Resources Limited (ASX: CNB) (‘Carnaby’ or ‘Company’) is pleased to announce a new hi | |
| Resources: | (Resource, I+I): 0.208Mt @ 6.47g/t Au at Tick Hill excluding Tailings Dam | |
| CP/QP: | [Resources]: Paul Tan (Internal) | |
| ABSTRACT: | Carnaby Resources Limited (ASX: CNB) (‘Carnaby’ or ‘Company’) is pleased to announce a new high grade gold resource at its 100% owned Tick Hill gold deposit. The Company’s Managing Director, Rob Watkins commented: “The release of Carnaby’s maiden in situ Mineral Resource at Tick Hill is a milestone achievement and we look forward to seeing the results of the initiated mining and processing studies in the near term. It’s important to understand that due to the prevailing low gold price environment (~$U350/oz) at the time of historical mining, a majority of the Hangingwall lode and some sections of the Main Lode were not mined, especially the southern strike extent of the Main Lode directly underneath the open pit. We are genuinely excited about the all round potential at Tick Hill at what was historically one of Australia’s highest grade and most profitable gold deposits.” | |
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