Drilling operations have commenced at the Mount Cannindah copper-gold project as Cannindah Resources looks to expand on the site’s mineral resource estimate of 14.5Mt at 1.09 per cent copper equivalent.

“The commencement of drilling operations is a key milestone in the further development of the Mount Cannindah tier one resource asset,” Cannindah Resources managing director Tom Picket said.

“With robust geological data and a strong resource base, we are well positioned to unlock further value for our shareholders.

“The quick delivery of the commencement of this program is a testament to our commitment to delivering on the immense future potential in the scale of the Mount Cannindah project for the benefit of all shareholders.”

The latest program aims to define additional high-grade copper-gold mineralisation within the project’s southern breccia IP anomaly.

The company said the extensional targets had been identified to be a significant and connected system of IP chargeability anomalism associated with the current resource in the main breccia anomaly at Mount Cannindah.

The current program will also test a large-scale IP anomaly which sits about 700m from the existing resource area, offering the potential for a substantial new discovery as this target has never been drill tested.

This will be followed by further exploration and drilling at the Cannindah East area and further exploration work on the eastern IP anomaly (shown in the figure below).