Trek 1 Footwall Lode Discovery Continues To Grow
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| Stock | Carnaby Resources Ltd (CNB.ASX) |
|---|---|
| Release Time | 21 May 2026, 8:55 a.m. |
| Price Sensitive | Yes |
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Carnaby Resources Announces High-Grade Results at Trek 1 Footwall Lode
Key Points
- Trek 1 Footwall Lode discovery extends with 38m @ 1.9% CuEq
- High-grade mineralization remains open in multiple directions
- Additional drill results pending, drilling continues
- Company on track for mid-year Feasibility Study completion
Full Summary
Carnaby Resources Ltd. is pleased to announce further high-grade exploration drill results from the Greater Duchess Project in Mt Isa, Queensland. The latest results from the Trek 1 Footwall Lode discovery show 38m @ 1.9% CuEq from 290m, including 15m @ 3.2% CuEq from 295m. The new result extends the high-grade mineralization down plunge of previously announced results. The Footwall Lode shows excellent continuity and remains completely open down plunge and along strike to the north. Further drill results are pending, and drilling is ongoing. The company is on track to complete the Feasibility Study mid-year prior to FID and targeted first ore production in H2 2026 from the Greater Duchess Project.
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