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Highlights
- Cannindah Resources has received preliminary plots of regional IP lines spanning over an area of 12km2 at its Mt Cannindah Project tenements.
- The company began a major IP survey over the Mt Cannindah project in June 2023 to explore for intrusive related sulphidic targets.
- IP survey has marked out multiple new drill targets at drilled portion of Mt Cannindah breccia deposit.
ASX-listed Cannindah Resources (ASX: CAE) has received preliminary plots of regional IP lines spanning over an area of 12km2 at its Mt Cannindah Project tenements, Central Queensland. The company began a major IP survey over the Mt Cannindah project in June 2023 to explore for intrusive related sulphidic targets. The survey followed on the results delivered from the drilling of 12,000m of diamond core in the past two years.
At Mt Cannindah, the firm has received high-grade copper-gold-silver drill results over major downhole thicknesses of hundreds of metres, particularly related to sulphidic infill breccias and extensive sulphidic vein fracture stockworks. In such a case, IP survey proves to be an effective exploration tool targeting the bodies with disseminated sulphide in intrusive related environments at the project site.
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Cannindah hired the services of professional contractor Geophysical Resources & Services (GRS), which gathered data of the initial 400m line spaced region. The focus was on the Mining Leases at Mt Cannindah and extended into the surrounding EPMs.
Data source: Company update
Further detailed 3D IP survey is in progress. It will cover the main breccia as well as extensions. The final processing and reporting of the regional survey is yet to be conducted. The company is also undertaking geological traversing and surface geochemical sampling on a regional scale at the site.
