Cannindah Resources Limited (ASX:CAE) has identified zones of extensive copper, gold, and silver mineralised breccia are present throughout CAE hole # 11 in its drilling programme at Mt Cannindah in central Queensland.
Hole CAE #11 is the northern most hole that CAE have drilled to date at Mt Cannindah. At a final depth of over 1099.4m, it is also the deepest, drilling east to west down the axis of a major tabular breccia body.
The latest results further expand the depth extent of sulphidic , copper-gold -silver bearing breccia and altered porphyry zones.
CAE hole #11 was collared in unaltered diorite, targeting blind breccia mineralisation. CAE holes in this northern zone (CAE # 9 ,10,11) have all returned thick intersections of high grade copper-gold silver (Fig 3), reported in previous CAE ASX announcements.
CAE hole 9 :ASX announcement dated 4 – 5/4/2022: 341m of 1.03%CuEq (0.75%Cu, 0.26g/tAu, 14.6g/tAg),
CAE hole 10 -ASX announcement dated 12/5/2022: 271m @1.41% CuEq (0.98 % Cu, 0.44 g/t Au, 20.3 g/t Ag).
These CAE holes have drilled down the long axis and demonstrably across the layering of the Mt Cannindah breccia body.
CAE hole # 11 is collared 40m north of CAE hole # 9, similarly drilling east to west, down the axis of the breccia body at the northern extremity of drilling at Mt Cannindah.
The trace of CAE hole # 11 crosses over the paths of CAE holes # 9,10 and drills towards CAE hole # 3 during its 1km journey into the depths of the Cannindah breccia system.
“The result of the lower section of hole 11 past 850m confirming the expansion of the depth extent of the Mt Cannindah breccia is very encouraging,” Executive Chairman, Tom Pickett, said.
“This 1100m hole returned a very impressive aggregate of approximately 1022m @ 0.50%CuEq and I could not be happier with the result achieved by our team. The existence of significant copper and gold below 850m further underpins the strategy of creating potential scale at Mt Cannindah.
“As I mentioned in the last release on hole 11, with the push for critical metals used in the green energy transition we will need more and more copper. CAE is well placed to take advantage of the looming shortage of supply which was highlighted in the recent M&A activity in the sector. CAE will continue to explore for these expansive results at Mt Cannindah located 100km from Gladstone port within existing mining leases.”
For further information please visit: https://cannindah.com.au/
