Highlights
- Cannindah Resources Ltd (ASX:CAE) has announced assays from an ongoing drill campaign at its Mt Cannindah Project, pertaining to the top of Hole 23CAEDD018.
- The assays reflect new intersections of Au-Cu-Ag breccia, and high-grade gold bearing structures.
- According to the company, ‘the gold numbers in Hole 18 are extremely impressive with a high grade hit of 41m at 3.07g/t Au including 18m at 6.3g/t Au’.
Cannindah Resources Limited (ASX:CAE) has received further assay results from the ongoing drill campaign at its Mt Cannindah Project in Queensland, pertaining to the top of Hole 23CAEDD018. The assays have confirmed new intersections of silver, gold, copper, associated breccia discoveries and high-grade gold bearing structures.
During the program, the Hole 23CAEDD018 was collared to the south of the main drilled section of the project mine area. The extent and continuity of Cu-Au-Ag breccia and intrusive hosted mineralisation that sub-parallel CAE Hole #13 intersected across section some 60m to the north-west, was targeted during the program.
Shares gain over 6%
Most likely, propelled by the ASX announcement, the company shares climbed 6.250% today. The stock was spotted trading at AU$$0.170 on Thursday, 23 March 2023.
More to come…