Cannindah Resources (ASX:CAE) cracks another set of impressive results at Mt Cannindah

Highlights

• Cannindah Resources (ASX:CAE) has delivered huge copper results from drilling at hole 12 of the Mt Cannindah project.
• The current results include the overall aggregate intersection of 180m @ 1.03% CuEq 0.77% Cu, 0.23g/t Au, 14.9g/t Ag mineralised breccia 48-228m.
• CAE has mapped several further hole locations to expand the Mt Cannindah project area and looks to complete these drill holes soon.

Cannindah Resources Limited (ASX:CAE) has yet again delivered a huge copper result from the ongoing drilling program at its flagship Mt Cannindah copper-gold-silver project. This time the impressive results are from CAE hole # 12, which has been drilled to the north.

Drilling to the north at right angles to earlier hits in holes 9 and 11 has delivered high-grade copper hit 126m @ 1.36% CuEq in hole 12.

CAE receives impressive assays

CAE has received the latest set of completed assay results from hole 12. The company has plans to drill through the high-grade copper zones intersected at the top of holes 9, 10 and 11. All these holes have previously delivered thick intersections of high-grade copper gold silver.

The current hole 12 is collared around 50m west of hole 9 and around 75m south-west of hole 11. The hole is targeting east-west striking sulphidic structures intersected in hole 11 at around 190m depth.

Source: CAE Announcement 29/08/2022

Hole 12 crosses the path of holes 9, 10 and 11 at a downhole depth between 126m and 165m, 125m and 163m, and 113m and 142 in each hole, respectively.

Key highlights for the geology for the section of hole 22CAEDD012 assayed to date are as follows:

Source: © 2022 Kalkine Media® Data Source: CAE | Image Source: CAE

The assays from the top section drill hole 22CAEDD012 indicate Copper, gold and silver intersections in CAE hole 12 for the top 291m. These results can further be classified based on geological parameters like lithology, alteration mineralogy and vein breccia style, including the following:

Source: © 2022 Kalkine Media® Data Source: CAE | Image Source: CAE

The complete aggregate zone including these intervals is 228m @ 0.63% Cu, 0.19g/t Au, 12.0g/t Ag (0.84% CuEq): 0m-228m. This comprises:

• a wider vein fracture network, hydrothermal infill breccia intersection of 180m @ 0.77% Cu, 0.23g/t Au, 14.9g/t Ag (1.03% CuEq): 48-228m, along with
• a higher-grade chalcopyrite rich section with hydrothermal infill breccia of: 126m @ 1.01% Cu, 0.31g/t Au, 19.8g/t Ag (1.36% CuEq) :102-228m

Near term plan for CAE

Through the ongoing program, CAE has been actively seeking to substantially boost the size of the project and has been successfully achieving this through continued progress across each hole.

Furthermore, the company has recently mapped numerous additional hole locations to make progress on its strategy to increase the Mt Cannindah project area. CAE looks forward to concluding these drill holes soon with a focus on generating more substantial copper and gold results.

CAE stock was noted at AU$0.255 on 30 August 2022.