- Cannindah Resources Limited (CAE) release assay results for drilling at its fully owned, namesake project in Queensland’s north
- The results include an assay of copper, gold and silver, of which all were identified from the hole three intersection
- Within a larger area between 14 to 177 meters, 163 meters at 1.44 per cent of copper, 0.40g/t of gold, 36g/t of silver
- Cannindah Resources traded at 40.4 per cent lower than its open figure at 34 cents apiece
Cannindah Resources Limited (CAE) has released assay results for drilling at its fully owned, namesake project in Queensland’s north.
The results included an assay of copper, gold and silver, of which all were identified from the hole three intersections.
The first 14 meters were leached with copper but presented with 0.4 grams per tonne (g/t) of gold and 24g/t of silver.
Further down, within the supergene zone at 19 meters at 3.11 per cent of copper, 0.74g/t of gold and 34g/t of silver.
Within a larger area between 14 to 177 meters; 163 meters at 1.44 per cent of copper, 0.40g/t of gold, 36g/t of silver.
The intersection, named 21CAEDD003 was part of a larger prospering assignment where a previous hole was abandoned after it was found to be on the site of old workings.
Cannindah Resources traded at 33.3 per cent lower than its open figure at 38 cents apiece at 12.35 pm AEDT.