1450m Programme Underway At Mt Cannindah
Cannindah Resources Limited (ASX: CAE) has commenced the planned 1450m diamond drilling programme at the significant Mt Cannindah copper gold project south of Gladstone near Monto in central Queensland, Australia.
The diamond drilling programme is proceeding well, averaging close to 30m per shift. The scheduled program is designed such that it may extend the current JORC resource, as well as test the continuity of higher-grade copper zones within the project area and possibly locate new areas of interest for follow up and potential in-fill drilling.
The first significant hole is on track to be completed this week whereupon the core will be sent for assay as soon as possible.
The company’s Flagship Mount Cannindah Copper-Gold Project is located 100km south of Gladstone.
It features:
• Large gold bearing porphyry copper system with significant depth and regional potential
• Total resources at the Mount Cannindah prospect only of 5.5Mt @ 0.92% Cu, 0.34g/t Au & 14.9g/t Ag
• Future exploration will focus on a potential extension of the known resource at the Mt Cannindah prospect area to the North along with a copper zone in the Southern copper skarn unit, less than 2km from known resource and still within granted mining leases.
A further possible extension of this skarn area into the EPMs to the south has been identified and is also the focus of near term exploration activity.
A previously undetected gold system has been located near the Little Wonder prospect which will also be investigated further to establish whether it extends along a possible strike of up to 1km.
For further information please visit: http://cannindah.com.au/about/
View other recent mining company news here.
