Assay TV is joined by Tom Pickett, executive chairman of Cannindah Resources (ASX: CAE), an Australia-based exploration and resource development company focused advancing its flagship Mt Cannindah project, located in Queensland.
Tom updates us on the company’s recent activity at Mt Cannindah, where a drilling campaign is currently underway. Cannindah has just completed drilling its most recent hole, referred to as ‘Hole 13,’ which Tom explains is in close proximity to the previously drilled Holes 7 and 8, located in the Mt Cannindah Breccia Zone. The purpose of Hole 13 was to drill in a south-west direction to open up the southern section of the Breccia Zone and to look for other porphyry systems. Assay results from Hole 13 intersected grades of 104m @ 1.0% CuEq*. Including high grade 16m zone @ 2.32% CuEq.
Primary ticker: ASX:CAE
Stages of development: Exploration, Development
Commodities: Copper, Gold
Project to promote: Mt Cannindah
Project Location: Australia