Australia's Carnaby Resources gains on copper find in Queensland project

Carnaby Resources

14/07/2022 02:37

** Shares of gold and copper explorers Carnaby Resources
 CNB.AX  rise as much as 17.3% to A$1.085, eyeing their best
session since June 23
    ** Shares hit their highest levels since May 20
    ** CNB says induced polarisation anomalies and copper
mineralisation found at Greater Duchess Copper Gold project in
Queensland  urn:newsml:reuters.com:*:nASX56rbYh
    ** While strong IP anomalies were identified at Mount Hope
andd Duchess prospects, copper, gold mineralisations were
identified at Shamrock, Lady Fanny South and Nil Desperandum
prospects 
    ** More than 530,000 shares change hands, compared with the
30-day average volume of about 370,000 shares 
    ** Stock has fallen about 31.5% this year, as of last close

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))