Cannindah Resources Launches Major Drilling at Mt Cannindah Copper-Gold Project
Cannindah Resources has kicked off a 6000-metre drilling campaign at its Mt Cannindah project in Queensland, targeting extensions of a substantial copper-gold resource and two large, underexplored porphyry targets.
- 6000m reverse circulation drilling program commenced
- Targets extensions of 14.5Mt @ 1.09% CuEq Cannindah Breccia resource
- Scout drilling planned for large Eastern and Southern porphyry targets
- Targets located on granted mining leases with significant mineral footprints
- Potentially transformational exploration phase underway
Drilling Begins at Mt Cannindah
Cannindah Resources Limited has initiated a significant reverse circulation drilling program at its 100% owned Mt Cannindah Copper Gold Project in Queensland. The campaign aims to test extensions of the existing mineral resource and explore two major porphyry targets that have not been adequately drilled in recent years.
The Mt Cannindah project already hosts a substantial Mineral Resource Estimate (MRE) of 14.5 million tonnes grading 1.09% copper equivalent, primarily within the Cannindah Breccia deposit. This resource remains open along strike and at depth, presenting promising opportunities for expansion.
Focus on High-Potential Targets
The initial 6000-metre program will be divided into phases, beginning with seven holes targeting strike extensions of the Cannindah Breccia mineralisation. Following this, the rig will move to scout drill the Eastern Porphyry Target, characterised by a large 1700 by 400-metre footprint and strong geophysical anomalies. The final phase will focus on the Southern Porphyry Target, which exhibits a sizeable mineralised surface footprint and geochemical anomalies comparable to many operating porphyry copper-gold mines.
Both porphyry targets remain largely untested in a modern context, despite their scale and geological signatures suggesting potential for significant discoveries. The project’s location on granted mining leases further enhances its development prospects.
Strategic Importance and Next Steps
Chairman Michael Hansel described the drilling program as a potentially transformational phase for the company, highlighting the technical team’s rapid progress in mobilising the rig. The company anticipates a steady flow of updates as drilling advances, with the potential to materially increase the project’s resource base.
Historical data combined with recent geological modelling has improved understanding of mineralisation controls, particularly within the Cannindah Breccia, where high-grade zones remain open. The Eastern and Southern targets are supported by coherent geophysical and geochemical anomalies, including chargeability and magnetic responses, which are classic indicators of porphyry copper-gold systems.
Metallurgical test work conducted in 2023 confirms the amenability of Mt Cannindah ores to processing, reinforcing the project’s commercial potential. With multiple mineralised occurrences across the leases, the drilling program could unlock new zones of copper, gold, and molybdenum mineralisation.
Bottom Line?
As drilling unfolds, investors will watch closely for assay results that could redefine Mt Cannindah’s resource potential and reshape Cannindah Resources’ growth trajectory.
Questions in the middle?
- Will the drilling confirm extensions to the Cannindah Breccia resource and upgrade the MRE?
- Can the Eastern and Southern porphyry targets deliver new, high-grade discoveries?
- What timeline and capital requirements will follow if significant mineralisation is confirmed?
