The latest announcement is out from Cannindah Resources Limited ( (AU:CAE) ).
Cannindah Resources Limited announced a significant assay result from its Mt Cannindah Copper Gold Project, with a notable intersection of 71m at 0.95% CuEq, within a larger mineralized zone of 274m at 0.49% CuEq. This result extends the mineralization beyond the existing resource and highlights the continuity of the copper mineralization at the deposit. The drilling program aims to test extensions to the existing mineral resource and significant IP anomalies, with future work focusing on the high-grade gold zones and the potential upside of the Cannindah Mineral System.
More about Cannindah Resources Limited
Cannindah Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources, particularly copper and gold. The company is engaged in projects that aim to expand and enhance its mineral resource base, with a significant focus on the Mt Cannindah Copper Gold Project.
YTD Price Performance: 132.50%
Average Trading Volume: 728,957
Technical Sentiment Signal: Sell
Current Market Cap: A$69.17M
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