Trekelano’s Widening Deposit Raises Development Stakes for Carnaby
Carnaby Resources reports robust drill results from its Trekelano Project, revealing a broadening copper-gold mineralised zone with high-grade intervals that suggest significant deposit growth potential.
- 164m @ 0.4% Cu and 0.2 g/t Au intersected at Trekelano
- High-grade zones up to 1.6% Cu and 1.1 g/t Au within broader mineralisation
- Deposit shows south plunge and widening at depth, open for expansion
- Pre-feasibility study progressing for Greater Duchess Copper Gold Project
- Binding tolling and offtake agreements secured with Glencore
Drilling Breakthrough at Trekelano
Carnaby Resources Limited (ASX, CNB) has delivered a compelling update from its Trekelano Project in the Mt Isa region of Queensland, unveiling drill results that point to a significantly larger copper-gold system than previously understood. The standout hole, CBRC012, intersected an impressive 164 metres of mineralisation at 0.4% copper and 0.2 grams per tonne gold, with true width estimated at approximately 115 metres. Within this broad envelope, higher-grade intervals include 26 metres at 1.0% copper and 0.6 g/t gold, and a particularly rich 13 metres at 1.6% copper and 1.1 g/t gold.
Expanding Deposit Geometry and Potential
The drilling confirms a southward plunge of the mineralised zone, which appears to be widening with depth and remains open for further expansion. This geometry suggests the deposit could evolve into a substantial baseload-style resource, complementing Carnaby’s existing high-grade discoveries within the Greater Duchess Copper Gold Project. The company is poised to follow up with downhole electromagnetic surveys on CBRC012 to refine the understanding of the deposit’s extent and structure.
Surface Mineralisation and Historical Constraints Lifted
Additional results from drill hole CBMH002 reveal high-grade mineralisation starting from surface, including 4 metres at 6.1% copper and 0.6 g/t gold. This zone was previously inaccessible due to mining lease boundaries but is now fully available following recent regulatory approvals. Pending diamond core assay results from this hole will provide further insights into the deposit’s metallurgical characteristics, feeding into Carnaby’s ongoing Pre-Feasibility Study (PFS).
Strategic Progress and Market Position
Carnaby’s management team, led by Managing Director Rob Watkins, remains optimistic about the project’s trajectory. The company is advancing its PFS for the Greater Duchess Project, targeting completion in the second half of 2025. Meanwhile, binding tolling and offtake agreements with global commodity giant Glencore International AG underpin the commercial viability of the project’s future production. The Trekelano acquisition itself is nearing completion, pending final environmental bond approvals, which will consolidate Carnaby’s control over this promising asset.
Broader Regional Context
Trekelano sits within the prolific Mt Isa Inlier, a region renowned for iron oxide copper gold (IOCG) deposits. Carnaby’s tenure spans nearly 2,000 square kilometres, including other notable prospects such as Mount Hope, Nil Desperandum, and Lady Fanny. The company’s growing footprint and exploration success position it well to capitalise on the region’s rich mineral endowment, with ongoing drilling and exploration programs expected to further enhance resource estimates.
Bottom Line?
As Carnaby deepens its understanding of Trekelano’s scale and grade, the project’s role as a cornerstone of the Greater Duchess development story is becoming increasingly clear.
Questions in the middle?
- How will pending diamond core assay results influence the overall resource model?
- What impact will the final environmental approvals have on the timing of the Trekelano acquisition?
- Can further drilling confirm the continuity and expansion potential of the south-plunging mineralisation?
