Cannindah Resources Limited (ASX: CAE) has reported that high-grade gold mineralization has been intersected by recent drilling at the company’s 100%- owned Mt Cannindah Copper-Gold Project, located in central Queensland.
High-grade gold mineralization has also been intersected at Mt Cannindah, both within the MRE envelope and in the surrounding mineralized system.
Highlights of the intersections include:
- CAE003 11m @ 3.40g/t Au from 567m including 1m @ 8.31g/t Au from 567m and 2m @ 8.48g/t Au from 575m
- CAE004 2m @ 6.81 from 52m
- CAE007 1m @ 96.85g/t Au from 450m
- CAE008 1m @ 13.19g/t Au from 145m and 1m @ 8.18g/t Au from 478m
Cannindah Resources managing director Mr Tom Pickett said “the recognition of the repeated development of high-grade gold results associated with a late stage overprint on the Cu Au Cannindah Breccia system requires further assessment to quantify the gold opportunity. Early indications suggest a possible metal zonation with higher level gold anomalism developed in the south which is encouraging. We have now observed these veins over a 600m strike and a vertical depth of greater than 800m. Future activity where gold is concerned will be aimed at defining the controls, continuity and any additional areas of the high grade gold zones.”
Ongoing activities continue to focus on both the extensions of the Cannindah Breccia MRE and will now incorporate an ongoing assessment of the gold potential adjacent to the MRE.
To find out more, please visit www.cannindah.com.au
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