| Announcement Date: | 2023-02-14 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Cannindah Resources Ltd. |
| Project name: | Mt Cannindah |
| Location: | Australia |
| Commodities: | Gold,Silver,Copper,Sulphur |
| Highlight: | Drilling results incl. 155m at 0.81% Cu, 0.29g/t Au, 16.5g/t Ag, 3.19% S from 128m |
| 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 22CAEDD015 (final depth 486.66m) and hole 22CAEDD016 (final depth 618.57m). The most significant results were obtained in hole 22CAEDD016, see location plan Fig 4. Drilling hole # 16 in a north to south direction (ie. right angles to the majority of the previous drilling), has demonstrated that the mineralized zone at the northern section of the Mt Cannindah deposit is a robust high grade copper (gold, silver) rich breccia body. This is one of the higher grade portions of a larger resource that has significant potential to be expanded. The northern, high grade, diorite dominated, breccia has now been drilled from 4 directions, all of which have returned 100m plus thick, downhole intersections, grading well over 1% CuEq. The highlights and details of CAE hole # 16 are set out below, followed by CAE Hole #15. Table 1 lists the most significant intercepts of Hole 16, Table 2 summarizes the hole geology. A full listing of results of holes 15 & 16 are presented in the Appendix to this report |
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