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    • Delayed Prices (USD) - Last Updated 29-06-2022
    • Gold $1,819.40
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    • Dalian Iron Ore i2209 $121.88
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    Cannindah Resources announces ‘huge’ 92m copper hit at Mt Cannindah

    Cannindah Resources (ASX: CAE) has reported a ‘huge’ 92m @ 1.2% Cu intersection from the lower half of hole 21CAEDD002 at its Mt Cannindah copper-gold-silver project in central Queensland. The result comes in addition to the previously reported intercept of 117m @1.01% Cu from the same hole, combining to form 282m @ 0.94% Cu, 0.3 g/t Au and 19 g/t Ag.

    The company reports that within the surface-to-34m portion of hole 21CAEDD002 it encountered a partially mined-out, high grade supergene intercept, where unmined sections returned high-grade copper. Key hits from this section include 2m @ 6.24% Cu from 23m, and 2m @ 3.42% Cu from 30m with significant Au and Ag grades.

    These intervals are described as highlighting the success of hole 21CAEDD002, confirming continuity of higher-grade copper zones within the project area, and providing potential for growth in the current JORC resource.

    Cross section from Mt Cannindah displaying hole 21CAEDD002
    Cross section from Mt Cannindah displaying hole 21CAEDD002

    The ongoing drill program was tasked with extending the current JORC resource as well as testing continuity of higher-grade copper zones within the project area, and locating new areas of interest for follow up and potential in-fill drilling. Cannindah notes that it has intersected copper mineralisation over hundreds of metres from the first 4 completed holes.

    Whilst the first hole of the program was abandoned after hitting old workings and mining voids at 6m, the third hole (21CAEDD003) is testing the deep plunge of the copper mineralised zone, nearly at a right angle to the direction drilled by hole 21CAEDD002. Assays from 21CAEDD003 are pending, with the hole ending at 762.6m, well past its originally-planned 250m depth.

    Images: Cannindah Resources Limited
    Jonathan Norris
    Jonathan is a founder of Mining.com.au and has been covering the resources industry since 2018. With over 17 years experience in print, broadcast and online media, Jonathan has seen first hand the transformative effect of online niche media.

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    • Delayed Prices (USD) - Last Updated 29-06-2022
    • Gold $1,819.40
    • Silver $20.79
    • Platinum $909.00
    • Palladium $1,802.00
    • Dalian Iron Ore i2209 $121.88
    • Aluminium $2,495.50
    • Cobalt $72,400.00
    • Copper $8,417.50
    • Lead $2,003.50
    • Nickel $22,882.00
    • Tin $26,991.00
    • Zinc $3,318.00