Cannindah Resources Ltd Drilling Update: Extended High-Grade Copper-Gold Breccia and Significant Upside at Mt Cannindah Project

Monday, June 23, 2025
at
10:52 am
Article header image

Cannindah Resources Ltd has released promising drill results from its Mt Cannindah copper-gold project, revealing extensions to its high-grade breccia resource. Enhanced structural insights indicate significant potential for increased mineralisation, paving the way for future growth and value creation.

Cannindah Resources Ltd has released an update on its Mt Cannindah Copper-Gold Project in central Queensland, highlighting encouraging drill results that reveal significant potential extensions to the Cannindah Breccia mineralisation. Recent drilling has not only confirmed high‐grade shoots within the current Mineral Resource Estimate but also identified along‐strike extensions to the north and south, as well as at depth. Notably, drillhole CAE0242 intersected 71 meters at 0.95% Cu equivalent—including a 22‐meter interval at 1.08% Cu—with additional lengthy intervals returning copper, gold, and silver credits. Similar encouraging results were reported in adjacent step-out holes, demonstrating the continuity of mineralisation and the strong structural controls that appear to govern the high‐grade ore shoots. The announcement details how a refined geological understanding is now driving exploration programs that aim to delineate further extensions of the breccia. The confirmed data indicate that the mineralisation is open along strike in multiple directions, and the newly identified LiƩle Wonder Prospect 700 meters to the south exhibits similar geological characteristics to the main breccia. With an updated Mineral Resource Estimate of approximately 14.5 million tonnes at 1.09% copper equivalent, the project now comprises measured, indicated, and inferred resources that collectively underline the high-grade potential within a robust geological framework. The technical methodology includes detailed diamond core drilling, rigorous quality control protocols, and copper equivalent calculations that factor in current recovery assumptions and metal prices. Beyond the encouraging drill intersections, the release underscores that the higher grade internal zones of the breccia have not been fully tested, leaving substantial upside for future exploration activities. The company plans to target the high-grade ore shoots, the breccia extensions, and additional pencil porphyry targets in subsequent drilling phases. By following a comprehensive approach that combines advanced geophysical interpretation with modern drilling techniques, Cannindah Resources Ltd aims to further refine and expand the resource. In terms of market sentiment, the news is bullish for investors who are encouraged by the potential for significant high-grade extensions and improved resource continuity. The detailed technical results and strategic exploration plans suggest a positive outlook that may stimulate investor confidence in the project’s long-term value. On the bearish side, risks remain associated with the early-stage nature of some identified targets, geological uncertainties, and the need for further drilling to convert inferred resources into measured or indicated classifications. As with many exploration ventures, the success of future drilling campaigns will be crucial in determining the ultimate profitability and development trajectory of the Mt Cannindah project.

Document

Recent Articles