Cannindah Resources Limited (ASX:CAE) has expanded the known extent of the copper rich breccia deeper and further than any previous drilling with new assay results from the drilling programme currently underway at the Mt Cannindah copper gold silver project south of Gladstone near Monto in central Queensland.
“Once again Mt Cannindah has delivered a huge copper result, which pushes the high-grade copper breccia further to the north east and deeper in that area than any previous drilling,” Executive Chairman, Tom Pickett, said.
“Having high-grade copper hits such as 4.52%Cu and 3.10%Cu included in this excellent 126m intercept is fantastic especially when you can include 4.44g/t Au over a metre amongst that. We set out to significantly increase the size of the project with the current programme, and we have been successfully achieving this as we progress each hole.
“CAE has recently mapped out a number of further hole locations to continue our strategy to expand the Mt Cannindah project area. We will be busily completing these drill holes in the coming months with a focus on delivering more significant copper and gold outcomes for our shareholders.”
CAE hole # 12 drilled to north (magnetic azimuth 351 degrees). It was planned to drill through the high-grade copper zones intersected at the top of hole 9,10,11. CAE holes in this northern zone (CAE # 9,10, 11) have all returned thick intersections of high-grade copper-gold silver reported in previous CAE ASX announcements.
Holes # 9 and 11 have drilled down the long axis and demonstrably across the layering of the Mt Cannindah breccia body.
CAE hole # 12 is collared approximately 50m west of CAE hole # 9, and approximately 75m to south-west of CAE hole # 11. CAE hole # 12 is drilling to the north (i.e., almost right angles to Holes # 9,11) and inclined at a steep angle of 80 degrees.
Hole 12 is targeting east west striking sulphidic structures that were intersected in CAE hole # 11 at approximately 190m depth.
The very high-grade copper zone in hole # 11 returned 11m @ 4.49% CuEq% (3% Cu, 1.73 g/t Au, 55 g/t Ag, 9.82 % S. From 183m to 194m) within a broader high-grade zone of 40m @ 2.02% CuEq% (1.40% Cu, 0.67 g/t Au, 25.9 g/t ag, 7.33 %S from 165m to 205m). The trace of CAE hole # 12 is at right angles to the other holes.
CAE Hole # 12 crosses the paths of other CAE holes at the downhole depths indicated below: · Crosses path of CAE hole # 9 at a downhole depth between 126m and 165m in that hole.
· Crosses path of CAE hole # 10 at a downhole depth between 125m and 163m in that hole.
· Crosses path of CAE hole # 11 at a downhole depth between 113m and 142 in that hole.
CAE hole # 12 is a steep hole that pushes to the north-east, the known extent of the copper rich breccia deeper and further than any previous drilling.
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