Cannindah Resources (ASX:CAE) reports significant gold potential at Mt Cannindah

3 min read | March 20, 2023 08:41 PM EDT | By Manisha

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Cannindah Resources (ASX:CAE) reports significant gold potential at Mt Cannindah — Image source: Company website

Details of gold and silver intercepts:

Hole 3 - 11m @ 3.4g/t Au from 567m.
Hole 7 (new gold discovery) - 3m @ 28.87g/t Au which included 1m @ 81.6g/t Au and 107g/t Ag from 450m.
Hole 8 - 17m @1.09g/t Au including 1m @ 8.18g/t Au.
Hole 9 - 14m 1.65g/t Au from 287m.
Hole 10 - from surface 12.5m @ 1.04g/t Au and 26.8g/t Ag, from lower gold zone 8m @ 2.25g/t Au from 287m including 3m @ 5.52g/t Au, and 17.4g/t Ag from 292m and aggregate over 295m @ 0.48g/t Au, 0.99% Cu.
Hole 11 - 23m @ 1.8g/t Au from 792m including 6m @ 2.7g/t Au, new lower gold zones 9m @ 1.62g/t Au from 860m, including 1m @7.73g/t Au, 3m @ 3.73g/t Au from 890m, and 1m @ 10.0g/t Au and aggregate of 118m @ 0.7g/t Au from 775m.
Hole 12 - 1m @ 4.44g/tAu from 137m.
Hole 13 - surface gold zone 24m @ 2.11g/t Au from 0m which includes 0.5m 22.7g/t Au from 17m, 3m @ 5.70g/t Au from 14m, 3m @ 5.32g/t Au from 20.5m including 1m @ 9.80g/t Au and deeper gold zone 15m @ 2.78g/t Au from 314m.
Hole 14 was drilling the thickness of the breccia from the west, and whilst getting 132m of copper at 0.98% Cu, 16.1g/t Ag from 147m, it also returned some high silver sections with 47m @ 25.5 g/t Ag (162m-209m), and 5m @47.2g/t Ag including 2m @ 60.5g/t Ag from 268m.
Hole 16 stayed in copper getting 155m @ 1.12%CuEq from 125m including a high-grade section of 8m @ 3.06a% Cu and 0.6g/t Au from 205m. Highest gold was recorded from 161m with 2m @ 4.97 g/t Au.
Hole 17 had an interval with visible gold. Also, a lower zone from 314m returned 10m @3.81g/tAu including 6m @ 6.19g/t Au, with highest grade 1m @ 16 g/t Au.

CAE shares were trading at AU$0.160 midday on 21 March 2023.

More to come…

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