##{"id":97361,"date":"2021-10-20T15:03:00","date_gmt":"2021-10-20T04:03:00","guid":{"rendered":"https:\/\/www.fnarena.com\/index.php\/2021\/10\/20\/outstanding-mt-cannindah-drilling-returns-282m-1-28-copper-equivalent\/"},"modified":"2021-10-20T15:03:00","modified_gmt":"2021-10-20T04:03:00","slug":"outstanding-mt-cannindah-drilling-returns-282m-1-28-copper-equivalent","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2021\/10\/20\/outstanding-mt-cannindah-drilling-returns-282m-1-28-copper-equivalent\/","title":{"rendered":"Outstanding Mt Cannindah Drilling Returns 282m @ 1.28% Copper Equivalent"},"content":{"rendered":"<p><span class=\"xn-location\">GOLD COAST, Australia<\/span>, <span class=\"xn-chron\">Oct. 20, 2021<\/span> \/PRNewswire\/ &#8212; <span class=\"xn-location\">Queensland<\/span> copper-gold explorer Cannindah Resources today announced the first full-hole result from their current Mt Cannindah Copper-Gold Project drilling program. <\/p>\n<p>The hole (21CAEDD002) was drilled to <span class=\"xn-money\">330m<\/span> and encountered thick copper mineralised and sulphidic breccia throughout. The top half of the hole (0-<span class=\"xn-money\">151m<\/span>) assayed <span class=\"xn-money\">117m<\/span> @ 1.08% Cu, 0.38g\/t Au, 28g\/t Ag. Today&#8217;s announcement also reports that the bottom half of the hole assayed <span class=\"xn-money\">92m<\/span> @ 1.2% Cu. Combined, the hole assayed:<\/p>\n<ul type=\"disc\">\n<li><b><span class=\"xn-money\">282m<\/span> @ 1.28% CuEq (0.94% Cu, 0.3g\/t Au, 19 g\/t Ag), including<br \/><\/b><b>&#8211; <span class=\"xn-money\">2m<\/span> @ 6.24% Cu, 0.59g\/t Au, 65g\/t Ag (from <span class=\"xn-money\">23m<\/span>)<br \/><\/b><b>&#8211; <span class=\"xn-money\">4m<\/span> @ 3.12% Cu, 1.08g\/t Au 49g\/t Ag (from <span class=\"xn-money\">30m<\/span>)<br \/><\/b><b>&#8211; <span class=\"xn-money\">117m<\/span> @ 1.08% Cu, 0.38g\/t Au, 28g\/t Ag (from <span class=\"xn-money\">34m<\/span>)<br \/><\/b><b>&#8211; <span class=\"xn-money\">92m<\/span> @ 1.2% Cu, 13.5g\/t Ag, 0.3g\/t Au (from <span class=\"xn-money\">205m<\/span>)<\/b><\/li>\n<\/ul>\n<p>These results are significant not only due to their thick intersection, but also because of the rich copper, gold and silver encountered throughout. This drilling result comes at a time of strong copper market prices, with LME copper trading at <span class=\"xn-money\">~$10,500<\/span> per tonne.<\/p>\n<p>The next hole (21CAEDD003) is shaping up to be even more significant. The hole was drilled to the limit of rig capacity of <span class=\"xn-money\">762.6m<\/span>, well above the <span class=\"xn-money\">250m<\/span> planned due to the extensive copper-gold mineralisation encountered throughout the entire hole length. Assay results are pending and expected in the near term.<\/p>\n<p>These results position Cannindah Resources as the 100% owner of an emerging tier-1 copper-gold resource.<\/p>\n<p><b>Background<\/b><\/p>\n<p>The Mt Cannindah project is located ~100km south of Gladstone. The project itself contains 5.7km2 of granted mining leases surrounded by 71.5km2 of exploration permits. Previous geological interpretation of key targets within this gold-bearing porphyry copper system reveals similarities to the style of mineralisation at Newcrest&#8217;s Cadia and Ridgeway Cu\/Au deposits in NSW. The Mt Cannindah project currently holds a 5.5Mt @ 0.92% Cu, 0.34 g\/t Au, 14.9g\/t Ag JORC-compliant resource. <\/p>\n<p>Previous copper and gold assays include:<\/p>\n<ul type=\"disc\">\n<li><span class=\"xn-money\">82m<\/span> @ 2.32% Cu, 0.88 g\/t Au and 42.1 g\/t Ag (QMCMDD017: From <span class=\"xn-money\">28m<\/span> to <span class=\"xn-money\">110m<\/span>); <\/li>\n<li><span class=\"xn-money\">118.3m<\/span> @ 1.99% Cu, 0.52 g\/t Au and 33.4 g\/t Ag (QMCMDD020: <span class=\"xn-money\">2.39m<\/span> to <span class=\"xn-money\">120.7m<\/span>); <\/li>\n<li><span class=\"xn-money\">36m<\/span> @ 8.65 g\/t Au (CE19: From <span class=\"xn-money\">2m<\/span> to <span class=\"xn-money\">38m<\/span>); and <\/li>\n<li><span class=\"xn-money\">52m<\/span> @ 4.90 g\/t Au (CE01: From <span class=\"xn-money\">0m<\/span> to <span class=\"xn-money\">52m<\/span>)<\/li>\n<\/ul>\n<p>For further information, please contact: <br \/><span class=\"xn-person\">Tom Pickett<\/span> <br \/>Executive Chairman <br \/>Ph: 61 7 3357 3988 <\/p>\n","protected":false},"excerpt":{"rendered":"<p>GOLD COAST, Australia, Oct. 20, 2021 \/PRNewswire\/ &#8212; Queensland copper-gold explorer Cannindah Resources today announced the first full-hole result from&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[105],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/97361"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=97361"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/97361\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=97361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=97361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=97361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}