Announcement Date: 2022-11-07
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. 132m at 0.98% Cu, 0.24g/t Au, 16.1g/t Ag from 147m
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 Mt Cannindah, copper gold silver project south of Gladstone near Monto in central Queensland (Figs 1 to 3) pertaining to hole 22CAEDD014 (final depth 750.2m). CAE hole # 14 drilled to the east (magnetic azimuth 081 degrees). The main objectives were to drill from west to east in a similar fashion to historic holes at Mt Cannindah and establish whether the long intervals of high-grade copper-gold -silver drilled east to west in CAE hole 9 could be replicated when drilled from the opposite direction. Previous CAE holes on this east west section line are: CAE hole #9 (CAE ASX Announcement 4/4/2022) was drilled towards 261 degrees magnetic azimuth, 180 degrees in the opposite direction to CAE Hole # 14. In April 2022 (ASX Announcement 4/4/2022), CAE reported a massive downhole intercept of copper-gold-silver from hole # 9 from surface 399m @ 0.91% CuEq which includes high grade sections
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