
Cannindah continues Queensland drill push
Cannindah Resources has kicked off a 1450m diamond drilling program at the Mount Cannindah copper-gold project near Monto in Central Queensland.
The company reported that the program was proceeding well, averaging close to 30m per shift.
It is designed to potentially extend the current JORC resource, as well as test the continuity of higher-grade copper zones within the project area and possibly locate new areas of interest.
It comes as the company reports success from a recent 31-hole reverse circulation percussion drilling program at the Piccadilly gold project in North Queensland.
All 31 holes testing vein structures over a 1.7km strike length showed elevated gold levels, Cannindah said.
Notable results included 3m grading at 3.04g/t gold, including 1m at 14.56 g/t, and 4m at 4.657 g/t gold, which included 1m at 15.02 g/t from 60m.
The company said its focus now was on delineating high‐grade shoots.
Mined‐out stopes that were encountered in some of the holes would make an important contribution to the 3‐D picture with future drill targeting, it said.
“The board is very happy with the results from the recent drilling, which indicate potential for wider gold intercepts and structural thickening,” executive chairman Tom Pickett said.
“What we have now demonstrated is the potential for a longer strike length and a much wider area which we can follow up with a greater level of certainty.
“The grades achieved in some areas of over 15g/t gold are very encouraging.
“It is also worth noting that the Piccadilly Mining district operated in the period from 1898 to 1916 with recovered grades in the order of 30 g/t gold to 46 g/t gold historically ( ie. 1 ounce gold to the tonne gold or above).
“Having regard to what we now know, there is much more to this project to be explored and we look forward to what the future holds.”











