Cannindah completes drill programs near Charters Towers and Gladstone
More than 2540 samples have been sent to the lab for assaying.
Consulting geologists at Townsville-based Terra Search would be compiling these results as they were available to complete a report for the board and subsequent release to the ASX, executive chairman Tom Pickett said.
“The program was designed to test areas of mineralisation identified by the trenching which included the area known as the ‘the bend’ along with other areas of interest within the project,” Mr Pickett said.
“Concurrently with this drill program finishing at the Piccadilly project, Cannindah Resources has had a secondary team completing drill pads at the significant Mount Cannindah copper/gold project south of Gladstone.
“Drilling is due to start at Mount Cannindah within a fortnight, with an initial 1450m program planned to test significant areas of interest at the Mount Cannindah Breccia and Mount Cannindah East copper/gold project.”
These will be diamond holes to complement the already significant amount of diamond core in existence.
“The program will identify areas which may extend the current JORC resource, determine the continuity of higher-grade copper and gold zones, and possibly locate new zones for follow up and potential in-fill,” Mr Pickett said.
“Cannindah Resources Limited has definitely been busy this year re-positioning the company and its finances, along with planning and executing these exploration programs.
“Now with Piccadilly drilling completed on time and under budget, and drilling at Mount Cannindah on track to be completed in the coming weeks we look forward to exciting news flow for shareholders and continuing to do our best to increase shareholder value over the coming weeks and months ahead.”