Cannindah Resources (ASX: CAE), a mineral exploration company based in Australia, has announced the results of an IP survey conducted at the company’s Mt Cannindah Breccia Deposit. The survey has successfully delineated several new drill targets, all of which are of similar or larger magnitude than the IP anomaly at the already drilled portion of the deposit.
The survey has highlighted a number of large-scale chargeability anomalies, which are of similar or greater magnitude and strength than the IP anomaly identified during the initial drilling phases of the deposit. The anomalies are largely coincident with strong surface copper-gold-molybdenum geochemistry. Additionally, the anomalies are in zones where the known geology indicates that IP targets are likely reflecting sulphide accumulations that are associated with intrusive related Cu-Au-Ag-Mo mineralization.
Several areas of these blind, undrilled targets have been delineated and modelled by Cannindah Resources, highlighting the potential for a significant mineral resource on the property that has not yet been explored. The company is confident that these newly identified anomalies will lead to further exploration and drilling soon.
The company is excited about the significant potential of the Mt Cannindah Breccia Deposit and is committed to exploring the full extent of the deposit to better understand the potential of these newly identified targets. The Company will continue with further exploration and drilling at the site and will provide updates on any new developments as they arise.
To read more about this release, please visit www.cannindah.com.au
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