Cannindah Resources Limited (ASX:CAE) has extended the known Mt Cannindah mineralisation with the next set of completed assay results from the drilling programme currently underway at Mt Cannindah in central Queensland.
A particular highlight is hole CAE # 13 drilled to the south-west (magnetic azimuth 211 degrees).
Hole CAE # 13 was planned to determine whether continuity existed between the mineralised breccia drilled at the top of CAE hole # 8 and some patchy mineralised intersections located to the south, in scattered, wide spaced historic exploration holes drilling from west to east.
CAE’s drilling is designed to obtain better data on copper, gold and silver grades, while testing the general geometry and extent of geological units such as breccias and mineralised structures. If CAE was able to link known mineralisation with new intercepts from CAE hole 13, the new knowledge gained would create a great opportunity to expand the Mt Cannindah resource and understand the geological units to the south and south-west
CAE holes in the southern zone of the Mt Cannindah breccia (CAE # 7, 8) were drilled from east to west (magnetic azimuth bearing 261 degrees) and returned thick intersections of high-grade copper-gold silver, reported in previous CAE hole 7:
* 75m of copper across two separate zones.
* 20m @ 1.19% Cu, 0.55g/t Au ,46g/t Ag from 95m to 115m, converts to 20m @ 1.89% Cu Eq.
* A lower zone of hydrothermal infill breccia in hole 7: 55m @ 0.77% Cu, 0.21g/t Au ,8.7g/t Ag from 192m to 247m, converts to 55m @ 0.97 % Cu Eq.
* Discovery, well below copper breccia of high-grade gold zone in hole 7 manifested by steep dipping semi-massive sulphide & quartz vein filled structure from 449m-452m in an overall 30m zone of elevated gold from 424m.
* Average of samples from 449m to 452m is 3m @ 28.67 g/t Au
* Most prominent sulphidic 1.0m section in hole 7, 450m to 451m returned 1.0m @ 81.6 g/t Au, 109.2 g/t Ag, 30.5% S.
“Hole 13 set out to explore extensions of copper and gold mineralisation to the south-west at Mt Cannindah,” Tom Pickett, Executive Chairman, said.
“It achieved everything we had hoped to achieve and more with hundreds of metres of high-grade copper intercepts along with an excellent 24m gold hit from surface.
“The veining and alteration seen in the lower sections of the Mt Cannindah breccia to the south- west point to similarities with large scale porphyry systems which we will be further investigating.
“The hole extends the mineralisation to the south-west improving the size of the project and opens up a larger exploration area. It’s clear we have already outlined a significant area of excellent grade copper, gold and silver in the breccia zone.
“Now we can also seek to establish what vectors are present that point, either at depth or peripheral to the Mt Cannindah breccia, towards a major Cu-Au-Ag mineralised porphyry centre having potential for significantly more bulk tonnage.”
For further information please visit: https://cannindah.com.au/