| Announcement Date: | 2022-08-29 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Cannindah Resources Ltd. |
| Project name: | Mt Cannindah |
| Location: | Australia |
| Commodities: | Gold,Silver,Copper |
| Highlight: | Drilling results incl. 126m @ 1.01% Cu, 0.31g/t Au, 19.8g/t Ag from 102m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Cannindah Resources Limited (“Cannindah”, “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. CAE holes in this northern zone (CAE # 9,10, 11) have all returned thick intersections of highgrade copper-gold silver (Fig 4), reported in previous CAE ASX announcements Holes # 9 & 11 have drilled down the long axis and demonstrably across the layering of the Mt Cannindah breccia body (refer CAE ASX Announcements: 19 October 2021, 9 November 2021, 25 January 2022, 22 February 2022 ,4 April,2022, 27 June 2022., 15 August,2022) CAE hole # 12 is collared approximately 50m west of CAE hole # 9, and approximately 75m to south-west of CAE hole # 11. CAE hole # 12 is drilling to the north (i.e., almost right angles to Holes # 9,11) and inclined at a steep angle of 80 degrees. Hole 12 is targeting east west striking sulphidic structures that were intersected in CAE hole |
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