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Cannindah Resources Limited ( (AU:CAE) ) has provided an announcement.
Cannindah Resources has reported strong extensional reverse circulation drilling results from the high-grade Southern Shoot at its Cannindah Breccia copper-gold deposit, with standout intercepts including 44 metres at 2.78% copper equivalent and broader zones exceeding 100 metres in width. The Southern Shoot is now defined over more than 100 metres of strike and 200 metres of vertical extent, remains open to the south, and shows grades and widths above those in the current mineral resource estimate.
The company has confirmed the presence of two distinct high-grade ore shoots, the previously recognised Northern Shoot and the newly defined Southern Shoot, within a mineralised system already hosting a 14.5 million tonne resource at 1.09% copper equivalent. With the breccia system open along strike and at depth, low-grade halos providing vectors to further mineralisation, and funding in place to continue aggressive drilling, Cannindah sees significant potential to expand resources and enhance the project’s scale and strategic value for stakeholders.
More about Cannindah Resources Limited
Cannindah Resources Ltd is an ASX-listed exploration company focused on the Cannindah Breccia copper-gold deposit in Queensland. The company targets breccia and porphyry-style mineralisation, aiming to grow its existing copper-equivalent mineral resource through ongoing reverse circulation and diamond drilling along an extensive mineralised corridor.
Average Trading Volume: 1,891,807
Technical Sentiment Signal: Buy
Current Market Cap: A$68.72M
For an in-depth examination of CAE stock, go to TipRanks’ Overview page.

