Cannidah Resources (ASX:CAE) obtained Mt Cannindah drill returns in Queensland with significant gold and copper from Breccia Zone in the lower section of hole 11.
Results include: 23m @ 1.8 g/t Au (792m-815m), including 6m @ 2.7g/t Au and high-grade zones of 1m @ 9.6 g/t Au, 60.9 g/t Ag, 1.68% Cu; and 1m @ 7.2 g/t Au, 18.8 g/t Ag.
Also including a deeper level wide copper zone eg. 73m @ 0.17% Cu (615m to 688m).
At a final depth of 1099.4m, Hole 22CAEDD011 is the deepest hole to date at Mt Cannindah.
Drilling under a weakly mineralised diorite cap intersected blind sulphidic mineralised breccia and altered diorite, porphyryries, and hornfels blocks, all the way to the bottom of the hole. In late June 2022 CAE reported the top of the hole (121m to 416m) that aggregates 295m @ 0.84% Cu, 0.33 g/t Au , 13.2 g/t Ag. Translating to 295m @ 1.14% CuEq.
“The continuation of the mineralisation at depth within hole 11 provides an insight into the larger scale of the Mt Canindah breccia than was previously contemplated,” Executive Chairman, Tom Pickett, said.
“Hole 11 already demonstrated excellent grades in the top 400m of the hole with 295m at 1.14% CuEq. Now with the rest of the hole adding to this zone and providing a total 726m at roughly 0.6% copper it is very impressive.
“Importantly within that lower zone below 400m there is 23m of gold at 1.8g/t Au including 6m at 2.7g/t Au. CAE’s drilling programme at Mt Cannindah has already delivered many excellent outcomes for our shareholders and we will continue to do so.
“As various countries push forward with a green energy transition we will need more and more copper, therefore locating more within excellent jurisdictions like Queensland is where the focus needs to be.
“CAE is well placed to take advantage of the looming shortage of supply by continuing these results at Mt Cannindah and being located 100km from Gladstone port within existing mining leases. We look forward to the pending results at holes 12 and 13 and we will be updating the market in due course.”
For further information please visit: https://cannindah.com.au/