Carnaby Resources' Exploration Update

Carnaby Resources (ASX: CNB) has kicked off a drilling program at the Pronuba Prospect within their Greater Duchess Copper Gold Project in Mt Isa, Queensland. This marks a significant step in their exploration activities. The company also shared encouraging assay results from the nearby Mohawk Prospect, highlighting strong copper and gold mineralization.

Summary of Carnaby Resources' Exploration Efforts

Carnaby Resources is advancing their exploration efforts with a new drilling program at Pronuba Prospect, part of the Greater Duchess Copper Gold Project. The initial phase includes 8 reverse circulation holes covering 1,000 meters, aiming to assess the copper-gold potential identified through preliminary field exploration. Concurrently, the Mohawk Prospect has yielded promising assay results, with notable copper and gold grades, suggesting open mineralization and the need for further drilling. The project spans 1,946 km² and is strategically positioned near De Grey Mining’s Hemi Gold discovery, potentially enhancing its appeal. With a solid financial standing, Carnaby Resources plans to extend drilling at Mohawk and initiate exploration at Mohawk 3, targeting unexplored corridors. These activities underscore the company's commitment to unlocking value within the Australian mining sector.

Executive Commentary on Drilling Initiatives

The commencement of drilling at Pronuba Prospect marks a pivotal moment in our exploration strategy. With promising results from Mohawk Prospect, we are optimistic about uncovering significant mineralization in the Greater Duchess Copper Gold Project.