Drilling Uncovers 60m at 1.94% CuEq in Cannindah’s Resource Expansion
Cannindah Resources has launched a focused drilling campaign at its Cannindah Breccia deposit, aiming to unlock a high-grade ‘GAP’ zone within its existing copper-gold resource. Early results hint at significant grade improvements that could reshape the project’s economic outlook.
- Resource expansion drilling underway targeting high-grade ‘GAP’ zone
- Initial drill intercepts include 278m at 1.16% CuEq and 60m at 1.94% CuEq
- 12-hole, 3,000m program planned with Mineral Resource update pending
- Second rig to start drilling Southern Porphyry Copper Gold Target soon
- Mt Cannindah hosts multiple mineralised zones within a Triassic porphyry system
A Strategic Step to Unlock Hidden Value
Cannindah Resources Ltd has initiated a targeted drilling program at its flagship Cannindah Breccia copper-gold deposit in Queensland, aiming to expand and upgrade its existing Mineral Resource Estimate (MRE) of 14.5 million tonnes at 1.09% copper equivalent. The focus is on a newly identified high-grade ‘GAP’ zone, a 275-metre stretch within the breccia where previous drilling was sparse or suboptimal, potentially masking richer mineralisation.
Managing Director Cameron Switzer emphasised the significance of this opportunity, noting that the 2025 drill results revealed not only the potential to increase the total metal inventory but also to enhance the average grade of the deposit; a critical factor for future project economics.
Promising Early Drill Results
Initial drilling at the northern end of the ‘GAP’ zone returned an impressive 278 metres grading 1.16% copper equivalent from surface, while the southern end yielded 120 metres at 1.16% CuEq, including a standout 60 metres at 1.94% CuEq. These intercepts suggest continuity of high-grade mineralisation that was previously underrepresented due to historic drilling limitations and assay cut-offs.
The current program plans 12 holes totalling approximately 3,000 metres, with results to inform an updated MRE. The company has also secured a second rig to commence drilling at the Southern Porphyry Copper Gold Target within weeks, where recent assays indicate a substantial copper-gold system with mineralisation still open at depth.
Geological Context and Project Potential
The Mt Cannindah project, situated 90 kilometres southwest of Gladstone, Queensland, is a well-endowed copper-gold-silver system hosted within a Triassic-age porphyry complex. The Cannindah Breccia itself is a structurally controlled zone of brecciated rock along a major fault contact, with mineralisation extending over 600 metres in strike and down to more than 1,000 metres depth.
Since 2021, Cannindah has steadily advanced exploration, defining multiple mineralised zones with a combined resource containing over 100,000 tonnes of copper and nearly 200,000 ounces of gold. The recent drilling success and reinterpretation of geological data highlight the potential to both expand and upgrade this resource, which could materially improve the project’s valuation and development prospects.
Looking Ahead
With metallurgical test work confirming good recoveries of copper, gold, silver, and molybdenum, the company’s strategy to focus on higher-grade zones could significantly enhance the project’s financial metrics. The upcoming resource update will be closely watched by investors and analysts eager to see how much the ‘GAP’ zone contributes to the overall resource quality and size.
Bottom Line?
Cannindah’s drilling campaign could redefine the Cannindah Breccia’s value, setting the stage for a resource upgrade that investors will watch closely.
Questions in the middle?
- How will the updated Mineral Resource Estimate quantify the ‘GAP’ zone’s impact on grade and tonnage?
- What are the implications of the Southern Porphyry Target drilling results for the broader Mt Cannindah project?
- Could further metallurgical test work reveal additional recoveries or processing efficiencies?
