Business · Energy & Commodities · 3 hrs ago
Cannindah drilling extends interpreted high-grade zone by about 50 metres
Cannindah Resources reported a 75-metre drilling interval at its Mt Cannindah Breccia Project in Queensland, Australia.
The interval, measured down the drill hole, returned 1.17% copper equivalent, a measure that combines copper, gold and silver grades.
The result extends the interpreted high-grade Southern Shoot about 50 metres north, according to the company.
The drilling followed poor sample recovery from an earlier hole, and diamond drilling provided clearer information about the mineralised rock and its boundaries.
The latest intersection is within the existing resource area, which the company said could help future resource modelling and assessment of open-pit development.
A September update put the resource at 23.2 million tonnes at 0.93% copper equivalent within an optimised open-pit shell.
Assays from 11 more Breccia holes are pending, while drilling continues to test the deposit in several directions; further drilling and modelling will be needed to determine whether the resource estimate changes.
Cannindah Resources reported a partial 75-metre drilling intersection grading 1.17% copper equivalent at its Cannindah Breccia deposit.
The company said the result extends the interpreted high-grade Southern Shoot about 50 metres north.
The intersection includes 18 metres at 1.53% copper equivalent and 17 metres at 1.35% copper equivalent.
The drilling followed poor sample recovery from an earlier reverse-circulation hole.
Assays are pending from 11 more Cannindah Breccia holes.
- Who
- Cannindah Resources, an Australian-listed company.
- What
- Drilling returned a partial 75-metre intersection grading 1.17% copper equivalent and extended the interpreted high-grade zone about 50 metres north.
- When
- The article was published on 13 October 2026.
- Where
- The Cannindah Breccia deposit at the Mt Cannindah Breccia Project.
- Why
- The company is drilling to extend the Breccia and gather information for resource modelling and assessment of open-pit and underground opportunities.
This story does not have two clearly opposing sides.
An earlier reverse-circulation hole returned 74 metres at 0.49% copper equivalent from 202 metres but had poor sample recovery through the mineralised zone.
Cannindah Resources reported a resource of 23.2 million tonnes at 0.93% copper equivalent within an optimised open-pit shell.
A diamond wedge returned a partial 75-metre intersection at 1.17% copper equivalent from 213 metres.
- Drilling intersection
- 75 metres at 1.17% copper equivalent from 213 metres
- Interpreted zone extension
- About 50 metres north
- Higher-grade interval
- 18 metres at 1.53% copper equivalent from 216 metres
- Other included interval
- 17 metres at 1.35% copper equivalent from 249 metres
- September resource
- 23.2 million tonnes at 0.93% copper equivalent
- Pending assays
- 11 Cannindah Breccia holes and three Southern Porphyry holes
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What people are saying
The decision to undertake diamond drilling following recovery issues with the original RC hole has provided valuable geological information and delivered a substantially higher-grade intersection
The result supports an extension of the interpreted high-grade zone approximately 50 metres to the north
Importantly, this mineralisation sits within our existing resource area and provides valuable additional support for future resource modelling and assessment of the open-pit development opportunity