Cannindah Resources (ASX:CAE) delivers continued exploration success at its flagship Project - Kalkine Media

Highlights

• Cannindah Resources (ASX:CAE) has been expanding exploration activities at its Mt Cannindah Project and has reported back-to-back successes across multiple drill holes that offer further encouragement for the company.
• Results from hole 13 have revealed high-grade copper intercepts, extending the mineralisation to the south-west.
• CAE intends to complete various identified drill holes in the coming months and deliver significant copper and gold results.

Cannindah Resources Limited (ASX:CAE) is engaged in mineral exploration and evaluation, developing its mineral projects, and enhancing the scale and value of its flagship Mt Cannindah Project through prudent exploration methods.

CAE has recently expanded exploration activities at Mt Cannindah through drill testing areas determined by earlier reviews. The company  has obtained encouraging results from various drill holes – the latest being drill holes 13 and 12.

Encouraging results from recent drill holes at Mt Cannindah

CAE has discovered wide copper-gold intervals in hole 13 at Mt Cannindah. This hole has extended the present resource area and delivered a significant level of exploration upside for the Mt Cannindah Project in the south-west.

© 2022 Kalkine Media® | Data source: CAE update

CAE’s exploration of extensions of copperu and gold mineralisation to the south-west at the project revealed hundreds of metres of high-grade Copper intercepts and an exceptional 24 m gold hit from the surface.

Previously, hole 12 had delivered high-grade copper hits, such as 4.52% Cu and 3.10% Cu in the 126 m intercept. The success at hole 12 reinforced  the drilling program and expanded the size of the project.

Extension of mineralisation at Mt Cannindah

Hole 13 extends the mineralisation at Mt Cannindah to the south-west, enhancing the size of the project and opening a bigger exploration area with excellent-grade copper, gold, and silver.

At hole 13, the company will investigate the veining and alteration observed in the lower sections of the Mt Cannindah breccia to the south-west, which indicate similarities with big-scale porphyry systems. CAE intends to establish the vectors that occur there, either at depth or peripheral to the Mt Cannindah breccia, towards a significant Cu-Au-Ag mineralised porphyry centre to explore the potential for significantly more bulk tonnage.

Source: CAE

Progressing the strategy

CAE believes the latest thick Cu-Au intercepts at hole 13 offer a significant exploration upside for its flagship project.

To progress its strategy of increasing the project area and generating significant copper and gold results, the company has mapped out numerous additional hole locations, which it intends to complete as soon as possible.

CAE stock was noted at AU$0.215 on 13 October 2022.