Carnaby Resources Limited announced a major extension drill hole intersection from the Greater Duchess Copper Gold Project in Mt Isa, Queensland. Greater Duchess Copper Gold Project: Mount Hope Central Prospect (CNB 100%): MHDD083: A major extension drill hole MHDD083 has intersected a terrific zone of high-grade copper mineralisation in the NW lode, approximately 270m below the previous deepest drill hole MHDD060. Combined with the recent large step out hole MHRC077, which recorded pXRF readings of 71m @ 1.1% Cu including 30m @ 2.2% Cu, the overall length of the Mount Hope Central discovery is estimated to be over 200m strike, open and rapidly growing.

The mineralisation intersected in MHDD083 consists of a core breccia zone within a quartz lode of semi massive chalcopyrite and pyrrhotite to blebby infill and stringer disseminated outer halo zones. Detailed structural readings and logging are in progress however preliminary measurements and interpretation is consistent with the other shallower intersections, indicating a steeply southwest dipping and northwest striking lode. The reported intervals are downhole lengths and further drilling and modelling is required before true width estimations can be confidently stated.

However preliminary structural readings suggest true width of the mineralisation in MHDD083 is approximately one third of downhole length. MHDD083 is interpreted to have intersected the mineralisation approximately orthogonal to the overall strike of the lode and therefore the section does constitute a likely representation of the geometry through the deposit. pXRF readings for MHDD083 are summarised as; MHDD083: 73m @ 1.3% Cu from 537m; Including 36m @ 2.2% Cu from 545m.

The mineralisation intersected in MHDD083 appears to be consistent with the high grade shallower mineralisation indicating that the Mount Hope Central discovery has a very large and down plunge component which remains completely open. The mineralisation is tracking towards the Mount Hope mining lease boundary. Assuming the mineralisation does continue below MHDD083, it is projected to cross the mining lease boundary at approximately 1,000m below surface, however only additional future drilling will determine this.

In consideration of the late wet season flood event that has affected several mining operations and communities in NW Queensland, there has been minimal impact on Carnaby's exploration programs. The Company has continued drilling throughout the rain period with a universal RC and Diamond drill rig. Full access has been restored and dry conditions now prevail. A second RC drill rig support truck has been delayed in reaching the site, however it is expected to arrive this Sunday enabling drilling activities to accelerate further.