Cannindah Resources has completed 36 reverse circulation percussion holes for a total of 2,437m of drilling at the Piccadilly lease 60 km north of Charters Towers.

More than 2,540 samples have been (including QA-QC) sent to the lab for assaying. 

Consulting geologists at Townsville-based Terra Search would be compiling these results as they are available, to complete a report for the board and subsequent release to the ASX, Executive Chairman Mr Tom Pickett.

“The program was designed to test areas of mineralisation identified by the trenching which included the area known as the ‘the bend’ along with other areas of interest within the project”, Mr Pickett said. 

“Concurrently with this drill program finishing at the Piccadilly project Cannindah Resources has had a secondary team completing drill pads at the significant Mt Cannindah copper/gold project south of Gladstone. 

“Drilling is due to start at Mt Cannindah within a fortnight, with an initial 1,450m program planned to test significant areas of interest at the Mt Cannindah Breccia and Mt Cannindah East copper/gold project.”

These will be diamond holes to compliment the already significant amount of diamond core in existence, said Mr Pickett. 

“The program will identify areas which may extend the current JORC resource, determine the continuity of higher-grade copper and gold zones, and possibly locate new zones for follow up and potential in-fill,” he said.

“Cannindah Resources Limited has definitely been busy this year re-positioning the company and its finances, along with planning and executing these exploration programs. 

“Now with Piccadilly drilling completed on time and under budget, and drilling at Mt Cannindah on track to be completed in the coming weeks we look forward to exciting news flow for shareholders and continuing to do our best to increase shareholder value over the coming weeks and months ahead.”