Cannindah Resources (ASX:CAE) has highlighted significant intercepts of copper, with an emphasis on the amount of gold and silver also being encountered, at Mt Cannindah in Queensland, Australia.
Summary of the gold and silver intercepts:
- Hole 3 gold zone 11m @3.4g/t Au from 567m
- Hole 7 new gold discovery 3m @28.87g/t Au which included 1m @81.6g/t Au and 107g/t Ag from 450m
- Hole 8 continued with 17m @1.09g/t Au including 1m @8.18g/t Au
- Hole 9 encountered 14m @1.65g/t Au from 287m
- Hole 10 gold highlights from surface 12.5m @1.04g/t Au and 26.8g/t Ag; lower gold zone 8m @2.25g/t Au from 287m including 3m @5.52g/t Au, and 17.4g/t Ag from 292m, aggregate over 295m @0.48g/t Au , 0.99% Cu
- Hole 11 gold Highlights: 23m @1.8g/t Au from 792m including 6m @2.7g/t Au – new lower gold zones 9m @1.62g/t Au from 860m, including 1m @7.73g/t Au, 3m @3.73g/t Au from 890m , and 1m @10.0g/t Au – Aggregate of 118m @0.7g/t Au from 775m
- Hole 12 gold Highlights 1m @4.44g/t Au from 137m
- Hole 13 gold highlights – Surface gold zone 24m @2.11g/t Au from 0m which includes : 0.5m 22.7g/t Au from 17m, 3m @5.70g/t Au from 14m, 3m @5.32g/t Au from 20.5m including 1m @9.80g/t Au – Deeper gold zone 15m @2.78g/t Au from 314m
- Hole 14 was drilling the thickness of the breccia from the west, and whilst getting 132m of copper at 0.98%Cu, 16.1g/t Ag from 147m, it also returned some high silver sections with 47m @25.5g/t Ag (162m-209m), and 5m @47.2g/t Ag including 2m @60.5g/t Ag from 268m.
- Hole 16 stayed in copper getting 155m @1.12%CuEq from 125m including a high-grade section of 8m @3.06% Cu and 0.6g/t Au from 205m. Highest Au was recorded from 161m with 2m @4.97 g/t Au.
- Hole 17 had an interval with visible gold. Also, a lower zone from 314m returned 10m @3.81g/tAu including 6m @6.19g/t Au, with highest grade 1m @16 g/t Au.
“The Mt Cannindah project has an abundance of copper there is no doubt, and in this current economic climate we should not discount the level of gold and silver contained in the results we have enjoyed in these past months,” Executive Chairman, Tom Pickett, said.
“This summary highlights that there is significant gold potential at the Mt Cannindah project which aligns with the already significant copper results we are encountering. Mt Cannindah has many other target areas for both gold and copper that we intend to pursue over the coming months to augment what we are currently proving with the drilling we have underway. I look forward to more copper and more gold numbers in upcoming drilling results for the benefit of all shareholders.”
For further information please visit: https://cannindah.com.au/
