Cannindah Resources has confirmed high-grade copper-gold mineralisation in the GAP zone of its Mt Cannindah project, delivering a standout 94m intercept at 1.11% copper equivalent. These results underpin expectations for a significant resource upgrade and set the stage for further exploration.
- 94m @ 1.11% CuEq intersected in GAP zone
- Down dip extensions confirm ore shoot development
- Mineral Resource Estimate expected to grow
- Further drilling planned at depth and along strike
- Diamond drilling to start soon at Southern Porphyry Target
Strong Results from GAP Zone Drilling
Cannindah Resources Ltd has announced compelling assay results from its ongoing 2026 drilling campaign at the Mt Cannindah copper-gold project in Queensland. The highlight is a 94-metre intersection grading 1.11% copper equivalent (CuEq) starting at 178 metres depth, including a higher-grade core of 54 metres at 1.61% CuEq. This intercept was obtained from drillhole 26CRC011 within the so-called GAP zone, a previously underexplored section of the Cannindah Breccia mineralised system.
The GAP zone represents nearly half of the 600-metre strike length of the breccia but had been sparsely drilled due to historical data gaps and suboptimal drill orientations. The new results confirm the presence of robust mineralisation extending down dip, effectively bridging previously reported high-grade zones from 2025 drilling. This continuity is critical as it demonstrates the development of ore shoots; concentrated zones of higher-grade mineralisation; within the breccia, a positive indicator for resource expansion.
Implications for Resource Growth and Exploration
The average grades and thicknesses from the recent drilling exceed those in the existing Mineral Resource Estimate (MRE) announced in July 2024, which reported 14.5 million tonnes at 1.09% CuEq. Cannindah’s Managing Director Cameron Switzer highlighted that these findings validate the company’s investment in targeted infill and expansion drilling, providing a clearer geological understanding of the deposit’s structure and mineralisation controls.
With assays still pending for four additional holes, the company plans to resume drilling within two weeks to test both depth extensions and strike continuity. This aggressive exploration approach is supported by a strong cash position of approximately $17 million, enabling Cannindah to pursue multiple targets simultaneously.
Southern Porphyry Target Drilling on Horizon
Beyond the Cannindah Breccia, Cannindah is preparing to commence diamond drilling at the Southern Copper Gold Porphyry Target within weeks. This large-scale target, characterised by extensive soil anomalies and geophysical signatures, represents a potential new zone of mineralisation that could complement the breccia resource. Although slightly delayed by weather, this drilling campaign is highly anticipated as it could unlock further value in the Mt Cannindah project portfolio.
Geological Context and Historical Significance
The Mt Cannindah project sits within a well-endowed mineral belt southwest of Gladstone, Queensland, with a history of small-scale mining dating back to the late 19th century. The Cannindah Breccia itself is a structurally controlled hydrothermal breccia hosted at the contact between intrusive diorite and hornfelsed sediments. The deposit exhibits classic porphyry-style alteration and mineralisation zonation, with copper dominant in the north and increasing gold grades to the south.
Previous drilling has demonstrated mineralisation extending to over 1,000 metres depth, well beyond the current open pit resource limits. The recent drilling results reinforce the potential for significant resource growth both laterally and at depth, supported by detailed geological logging and metallurgical testwork indicating good recoveries for copper, gold, silver, and molybdenum.
Bottom Line?
Cannindah’s latest drilling success not only bolsters the Mt Cannindah resource but also primes the company for a pivotal exploration phase that could redefine its copper-gold footprint.
Questions in the middle?
- How will the pending assay results from the remaining drill holes impact the resource upgrade timeline?
- What are the geological controls driving the ore shoot development within the Cannindah Breccia?
- Can the Southern Porphyry Target deliver a new, sizeable resource to complement the breccia deposit?