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Posted: 2024-10-15 04:13:00

According to management, the prospect remains completely open to the north and undrilled for 500m before any other known mineralisation is encountered at a patch called Spring Creek. In essence, the entire 1.3km Deejay-to-Spring Creek corridor is now regarded as highly-prospective for large-scale copper and gold mineralisation, with only five RC holes drilled there to date.

Carnaby and Latitude still have a further 3200 samples from across the Greater Duchess area awaiting laboratory analysis, with results pending in the next few months. If the assays match up with the VTEM data and information revealed at San Quentin today, the JV could be looking at multiple new targets to explore.

Carnaby Resources managing director Rob Watkins said: “It is highly exciting to discover a complete new undrilled copper mineralised corridor at San Quentin. This was the first field reconnaissance visit to any of the numerous new VTEM conductors. The first diamond drill core from Burke & Wills is also significant showing high continuity, breccia fault-controlled high-grade copper gold mineralisation.”

The Greater Duchess project covers more than 1900 square kilometres in the southern Mount Isa region – an area renowned for multiple iron oxide-copper-gold (IOCG) deposits. Just 70km south of Mount Isa, the project benefits from its proximity to top-notch infrastructure and a highly-skilled workforce attached to contract mining and haulage operators.

Carnaby is now working on a prefeasibility study (PFS) on the jointly-owned grounds. It is expected to be handed down in the next few months and will be critical to future development plans.

As it stands, Greater Duchess is shaping up to be a serious standalone operation with plenty of exploration upside and already has a global resource of 281,000 tonnes of copper equivalent. And Latitude, as the junior partner, is in the envious position of being able to benefit from Carnaby’s hard work, while it focuses on its own 600,000-tonne northern European gold and copper project in Finland.

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