Carnaby Resources Limited announced further exceptional drill results from the Mount Hope Prospect at the Greater Duchess Copper Gold Project in Mt Isa, Queensland. Mount Hope Central continues to grow in size and grade with ongoing drilling. The copper gold mineralisation is focussed on a core zone which appears to be the confluence of two major mineralised structures.

Continuous wide and high-grade drill results have been defined over a combined strike length of approximately 200m. Portable XRF readings of 1m intervals in RC holes are taken through the calico sample bag or through the green plastic residue sample bag. Comparison of previous pXRF readings against laboratory assay results from Mount Hope indicate that the pXRF readings under-report the actual assay copper grades by an average of 30% when taken through calico bags and by an average of 60% when taken through green plastic bags.

The mineralisation discovered at Mount Hope to date extends close to the mining lease boundary at several locations. The exact location of the mining lease boundary is currently being evaluated by the Queensland Department of Minerals as part of a normal process and may therefore be subject to small scale boundary changes. Outstanding drill results have been received from MHDD045.

Multiple zones of mineralisation were recorded and represent the widest and highest grades yet intersected throughout the Greater Duchess Copper Gold Project and are completely open at depth. A high-grade core zone of plus 3% copper is characterised by high tenor copper mineral species such as chalcocite and chalcopyrite hosted within an intensely milled quartz breccia (see photos below). The presence of significant breccia and matrix infill chalcocite may represent a newly identified high grade hypogene style mineralisation.

The diamond core tail extending the MHDD045 mineralisation is the first core hole completed at Mount Hope Central. Of note is the quartz breccia lode host, which has previously been thought to be a quartz vein, appears to be a strongly altered and deformed felsic intrusion. Further detailed logging and petrological studies are required to confirm this interpretation.