Cannindah Resources (ASX:CAE) has opened up the Southern Extension at Mt Cannindah in Queensland, Australia, with a high-grade gold discovery with latest drilling.
The overall interval within polymetallic sulphidic breccia still open at depth with further results pending.
Highlights include:
- 67m @1.96g/t Au (195m-262m) , which includes :
- 41m @3.07g/t Au, 0.34%Cu,14,4g/t Ag (2.32%CuEq) (221m-262m), with high grade zone
- 18m @6.34g/t Au, 0.18%Cu, 17.2g/t Ag (4.18%CuEq) (244m-262m) includes grades up to 23.93g/t Au, 61g/t Ag.
- Significant intercept length of 171m @0.89 Au, 0.31% Cu, 8.1g/t Ag, (0.91% CuEq) 103m-274m
- Strong copper zone 138m – 159m:
- 21m @0.98%CuEq, 0.75% Cu, 0.22g/t Au,11.0g/t Ag
“The gold numbers in Hole 18 are extremely impressive with a high grade hit of 41m at 3.07g/t Au including 18m at 6.3g/t Au. We started hole 18 with a strategy to link up some areas of interest from hole 13 and make an impact on the resource size. Hole 18 definitely accomplished everything we could ask for so far and we have more results to come. We have now delivered new intersections of gold, copper, silver and associated discoveries of mineralized breccia and high-grade gold bearing structures in the south-west extension of Mt Cannindah,” Executive Chairman, Tom Picket, said.
Hole 23CAEDD018 was collared to the south of the main drilled section of the Mt Cannindah mine area, targeting the extent and continuity of copper-gold -silver breccia and intrusive hosted mineralization that sub-parallel CAE hole #13 intersected across section some 60m to the north-west
For further information please visit: https://cannindah.com.au/
