Cannindah Uncovers 120m High-Grade Copper-Gold Zone at Mt Cannindah
Cannindah Resources has reported a standout drill intercept of 120m at 1.16% copper equivalent from near surface at its Mt Cannindah Project, confirming significant resource extensions and high-grade continuity.
- 120m @ 1.16% CuEq including 60m @ 1.94% CuEq from 30m depth
- Down dip extension confirmed beyond current 14.5Mt @ 1.09% CuEq resource
- High-grade mineralisation continuity over 100m vertical interval
- Potential new steep easterly dipping mineralised zone identified
- Ongoing drilling targeting Southern Porphyry and northern extensions
Exceptional Drill Results at Mt Cannindah
Cannindah Resources Ltd has unveiled compelling results from its extensional drilling program at the Mt Cannindah copper-gold project in Queensland. The highlight is a substantial intercept of 120 metres grading 1.16% copper equivalent (CuEq) starting from just 30 metres below surface, including a higher-grade core of 60 metres at 1.94% CuEq. These results not only confirm the down dip extension of mineralisation previously reported but also demonstrate grade continuity over a vertical interval exceeding 100 metres.
Resource Growth and Geological Insights
This new intercept extends the eastern boundary of the Cannindah Breccia mineralisation by an estimated 35 to 40 metres beyond the current Mineral Resource Estimate (MRE) of 14.5 million tonnes at 1.09% CuEq. Notably, the drilling suggests the presence of a steep easterly dipping mineralised zone, a structural orientation not previously recognised. The discovery of multiple parallel structures adds complexity but also potential upside to the deposit’s geometry and resource base.
Strategic Exploration Focus
Interim CEO Cameron Switzer emphasised the significance of these high-grade near-surface zones, highlighting their potential to materially enhance project economics. The company is prioritising further drilling to test the fertile footwall structures to the north, where a 200-metre gap remains untested, and to explore southern extensions. Concurrently, a new phase of scout drilling has commenced at the large-scale Southern Porphyry Target, a geochemical anomaly with a footprint of 1,500 by 700 metres, which has already yielded promising trench results.
Historical Context and Future Outlook
The Mt Cannindah Project, located southwest of Gladstone, has a rich history of copper and gold occurrences, with multiple mineralisation styles including breccias, skarns, and porphyry-related systems. Cannindah’s ongoing exploration builds on decades of data, integrating modern geological modelling and metallurgical testwork that supports excellent recoveries of copper, gold, silver, and molybdenum. The company’s methodical approach and recent drilling success position Mt Cannindah as a compelling copper-gold development opportunity.
Looking Ahead
With a 6,000-metre drill program underway and detailed geological reviews planned, Cannindah is well placed to refine its resource estimates and unlock further value. The evolving understanding of structural controls and mineralisation continuity could pave the way for a significant resource upgrade and improved project economics in the near term.
Bottom Line?
Cannindah’s latest drill results deepen the Mt Cannindah story, setting the stage for a potential resource upgrade and reshaping project economics.
Questions in the middle?
- How will the newly identified steep easterly dipping zone impact overall resource modelling?
- What are the metallurgical recovery rates expected from the high-grade zones, and how might they affect processing costs?
- Can the Southern Porphyry Target deliver a transformational discovery to complement the Cannindah Breccia resource?
