Cannindah Resources has pinpointed a promising high-grade copper-gold target in the under-drilled southern section of its Cannindah Breccia resource, with a new drilling campaign set to begin shortly.
- New drilling targets low-density 'Gap Zone' in southern Cannindah Breccia
- Recent assays confirm high-grade copper-gold-silver mineralisation continuity
- Southern portion holds nearly 50% of breccia strike but only 22% of current resource
- 12-hole drill program to commence January 2026 aiming to upgrade resource
- Assays pending for nine holes targeting a potentially transformational Southern Porphyry
A Fresh Look at Cannindah's Southern Potential
Cannindah Resources Ltd (ASX – CAE) has revealed a compelling new opportunity to expand its high-grade copper-gold resource at the Mt Cannindah Project in Western Australia. The focus is on the southern portion of the Cannindah Breccia, a 600-metre-long mineralised zone that has so far seen relatively sparse drilling compared to its northern counterpart.
Recent drilling results have highlighted a "Gap Zone" spanning approximately 270 metres within the southern breccia strike. This area has limited drill data but is flanked by impressive high-grade copper-gold-silver intercepts, including 120 metres at 1.16% copper equivalent (CuEq) and a standout 60 metres at 1.94% CuEq near the southern end. These results suggest the potential to significantly expand the footprint of the mineralisation.
Drilling Density and Resource Upside
The southern section currently accounts for nearly half of the breccia's strike length but only 22% of the total copper equivalent tonnes in the existing mineral resource estimate (MRE). This disparity is largely attributed to lower drill density, which has limited confidence in the continuity of high-grade mineralisation in this zone.
Recognising this, Cannindah plans a targeted 12-hole drilling program commencing in January 2026. The goal is to increase data support and potentially upgrade the southern breccia's contribution to the overall resource. This initiative follows a successful 2025 drilling campaign that refined geological interpretations and delivered encouraging results.
Current Resource and Future Prospects
The current MRE, announced in July 2024, stands at 14.5 million tonnes grading 1.09% CuEq, containing approximately 105,000 tonnes of copper, 197,000 ounces of gold, and 6.4 million ounces of silver. Importantly, mineralisation has been confirmed from near surface down to over 1,000 metres depth, indicating a robust and vertically extensive system.
In addition to the southern breccia drilling, assays are pending from nine holes targeting a potentially transformational Southern Porphyry target. These results are eagerly awaited and could further enhance the project's scale and economic potential.
Strategic Implications
Managing Director Cameron Switzer emphasised the unique opportunity presented by the southern breccia's low drill density and high-grade results. He noted that the upcoming drill program could once again upgrade the Cannindah Project's resource base, reinforcing its status as an exciting copper-gold exploration play.
With metallurgical testwork confirming excellent recoveries of copper, gold, silver, and molybdenum, Cannindah is well positioned to advance its project towards development. The company's methodical approach to drilling and resource definition reflects a disciplined strategy to unlock value for shareholders.
Bottom Line?
Cannindah’s targeted drilling in the southern breccia could redefine the project’s scale and investor appeal in 2026.
Questions in the middle?
- How will pending assays from the Southern Porphyry influence the overall resource estimate?
- What timelines does Cannindah envisage for an updated mineral resource estimate following the new drilling?
- Could the southern breccia expansion materially impact the project's development and financing plans?