High Grade Copper Hits in Hole 12
High Grade Copper Hits in Hole 12

Brisbane, Aug 29, 2022 AEST (ABN Newswire) - Cannindah Resources Ltd (ASX:CAE) is pleased to announce the next set of completed assay results from the drilling program currently underway at the Mt Cannindah copper gold silver project south of Gladstone near Monto in central Queensland (Figs 1 to 3*) pertaining to the top section (0m to 291m) of hole 22CAEDD012.

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.

Drilling of a thick down hole intersection of high-grade copper with gold and silver credits. Hole 12 pushes to the north-east the known extent of the copper rich breccia deeper and further than any previous drilling.

Chalcopyrite rich section of hydrothermal infill breccia. 102m-228m:

- 126m @ 1.01% Cu, 0.31g/t Au, 19.8g/t Ag (1.36% CuEq):
Includes diorite & hornfels infill breccia zone: 158-225m:

- 67m @ 1.34% Cu, 0.36g/t Au, 26.6g/t Ag (1.77% CuEq):
Includes Sheeted quartz sulphide veins 223m-225m

- 2m @ 1.53% Cu, 2.73g/t Au,86.9 g/t Ag.4.95% S, 2315 ppm As, 635 ppm Pb, 1159 ppm Sb, 5272 ppm Zn.

Overall aggregate intersection of mineralised breccia 48-228m.

- 180m @ 1.03% CuEq 0.77% Cu, 0.23g/t Au, 14.9g/t Ag

EXECUTIVE CHAIRMAN COMMENTS

"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.

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 program, 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."

*To view the full release with tables and figures, please visit:
https://abnnewswire.net/lnk/G7U5450I


About Cannindah Resources Limited

Cannindah Resources LimitedCannindah Resources Limited is an ASX-listed (ASX:CAE) Queensland, Australia-based exploration and resource development company. We are focused on copper and gold mineral exploration, evaluation, and progressing various mineral projects.

Cannindah's goal is to preserve shareholder wealth and grow the value of the flagship asset with prudent exploration methods. Our focus is to progress further exploration work at the Piccadilly Project and review the possible strategies for Mount Cannindah Project.

 


Contact

Tom Pickett
Executive Chairman
T: +61-7-5557-8791



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