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Highlights
- Trenching at the Appletree and Dunno prospects within the Southern Target has returned high-order Cu-Au-Mo geochemistry.
- Notable trench result includes 61m at 1.08% CuEq (0.94% Cu, 0.22g/t Au, 141ppm Mo).
- Potential new pencil porphyry-hosted copper-gold mineralisation has been identified within the Southern Target Zone.
- The company plans to commence scout drilling within 2–4 weeks at untested prospects.
Cannindah Resources Limited (ASX:CAE) has reported encouraging trenching results from the Appletree and Dunno prospects within the Southern Target Zone of the Mt Cannindah Project in central Queensland. The program has identified outstanding high-order copper, gold and molybdenum geochemistry, highlighting the potential for multiple pencil porphyry-style mineralised centres.
High-grade trenching results include-
- 61m @ 1.08% CuEq comprising 0.94% Cu, 0.22 gt Au, 141 ppm Mo from 0m to 61m (AT_T01)
- 38m @ 0.30% CuEq comprising 0.24% Cu, 0.08 gt Au, 49 ppm Mo from 90m to 128m (AT_T01)
- 46m @ 0.64% CuEq comprising 0.52% Cu, 0.19 gt Au, 98 ppm Mo from 0m to 46m (AT_T02)
- 51m @ 0.42% CuEq comprising 0.36% Cu, 0.07 gt Au, 41 ppm Mo from 0m to 51m (AT_T03)
- 58m @ 0.35% CuEq comprising 0.29% Cu, 0.08 gt Au, 83 ppm Mo from 0m to 58m (DNO_T01)
- 35m @ 0.22% CuEq comprising 0.19% Cu, 0.04 gt Au, 89 ppm Mo from 25m to 60m (DNO_T02)
Intrusive phases mapped and sampled at the Appletree prospect within the trenches collectively returned average grades of 0.52% Cu, 0.08 g/t Au, and 141 ppm Mo from 28 channel samples.
These intercepts occur over an area of approximately 500m by 100m within the broader Southern Target footprint measuring 1.5m by 100m-500m. The company noted that all trenches ended in mineralisation above 500ppm Cu and remain open for further extension.
Trenching Results and Key Findings
The trenching program has demonstrated levels considered potentially economic. The results indicated the presence of mineralised intrusive phases containing Cu, Au, Ag, and Mo. These mineralised zones are developed over a surface area typical of pencil porphyry deposits observed globally.
Additionally, previously unrecognised high molybdenum values were identified, which may hold commercial importance. The target area outlined by the program has not been drill-tested before and provides evidence of potential for multiple pencil porphyry Cu-Au-Ag-Mo deposits.
Geological interpretation suggests that the mineralised porphyry system in the area remains fully preserved. This provides an opportunity to investigate potential depth extensions through future drilling programs.
Geophysical Anomalies and Upcoming Drilling
An induced polarisation (IP) anomaly coinciding with the trenching results has been identified at a modelled depth of around 200m below surface. This IP feature aligns with a magnetic high geophysical response.
The Appletree Dunno prospect, which has not been previously drilled, will be included in the upcoming scout drilling program. Drill testing is scheduled to commence within the next two weeks, targeting depths of up to 250m below surface.
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