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The latest update is out from Cannindah Resources Limited ( (AU:CAE) ).
Cannindah Resources Limited has announced significant high-grade gold mineralization at its Mt Cannindah Copper-Gold Project, with recent drilling revealing substantial gold intercepts. This discovery, which includes notable intersections of gold within and around the existing Mineral Resource Estimate envelope, suggests potential for expanding the project’s resource base. The company plans to further assess the gold opportunity, focusing on defining the controls and continuity of these high-grade zones, which could enhance its market position and offer additional value to stakeholders.
More about Cannindah Resources Limited
Cannindah Resources Limited is a copper-focused exploration company, operating primarily in the mining industry. The company is engaged in the exploration and development of copper and gold resources, with a significant focus on its 100%-owned Mt Cannindah Copper-Gold Project located in central Queensland.
YTD Price Performance: 41.03%
Average Trading Volume: 899,901
Technical Sentiment Signal: Buy
Current Market Cap: A$40.04M
See more data about CAE stock on TipRanks’ Stock Analysis page.
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