Carnaby Resources Ltd. (AU:CNB) has released an update.
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Carnaby Resources Ltd., known for its strong management and cash position, has initiated a maiden gold exploration drilling program in the Pilbara region, WA, close to the renowned Hemi gold deposit. The five-hole drilling project, partly funded by the Western Australian government, aims to uncover a new gold system under the unexplored greenstone belt at the Mount Grant Prospect. Early drilling results have already encountered favorable geology, raising anticipation for potential discoveries.
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