Cannindah (ASX:CAE) welcomes high-grade Cu-Au-Ag drill intercepts from Mt Cannindah

February 14, 2023 11:31 AM AEDT | By Team Kalkine Media

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Cannindah (ASX:CAE) welcomes high-grade Cu-Au-Ag drill intercepts from Mt Cannindah — Image source: company update

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Highlights

Cannindah Resources (ASX:CAE) has reported encouraging assay results from holes 16 and 15 drilled at its Mt Cannindah project.

The most significant of the results included 155m @ 1.12% CuEq including 74m @ 2.04% CuEq from hole 16.

The company has also completed hole 17 and is awaiting results.

Cannindah has planned further holes as part of the ongoing drilling at the Queensland-based project.

Cannindah Resources (ASX:CAE) has reported another set of highly encouraging assay results from the ongoing drilling program at its Mt Cannindah project. The results highlighted excellent grade over a significant intercept.

Few of the most significant results included:

BRECCIA ZONE 155m @ 1.12 % CuEq (0.81%Cu, 0.29 g/t Au, 16.5 g/t Ag) 128m-283m including high-grade section of 74m @ 2.04% CuEq (1.52%Cu, 0.48g/t Au, 28.9 g/t Ag) 158m-232m
INFILL CHALCOPYRITE RICH BRECCIA: 41m @ 2.73% CuEq (2.13% Cu, 0.46 g/t Au, 40.2 g/t Ag. 6.37% S) 175m-213m)

Commenting on the development, CAE Executive Chairman Tom Picket said, among other things:

CAE shares were trading at AU$0.230 midday on 14 February 2023.

More to come…

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