Business · Energy & Commodities · 3 hrs ago
Cannindah drilling extends copper-gold zone in Queensland
Cannindah Resources extended a copper-gold drill intercept to 135 metres at its Mt Cannindah project in Queensland.
The interval grades 1.12% copper equivalent, a measure combining the value of copper, gold and silver.
A second hole returned an 88-metre interval and extended the interpreted zone about 25 metres east and 50 metres north.
The new mineralisation lies beyond the current resource outline but within the limits of a potential open pit, where it can inform future geological modelling.
The latest Cannindah Breccia resource estimate is 23.2 million tonnes grading 0.93% copper equivalent.
The Southern Shoot remains open to the south and at depth, and the company is drilling to test how far it extends.
Two rigs are drilling, with more assay results pending from holes in the Cannindah Breccia and Southern Porphyry; any resource change would depend on a new estimate.
Cannindah Resources has extended a copper-gold zone at its Mt Cannindah project in central Queensland.
A diamond-drill hole extended a Southern Shoot intercept to 135 metres grading 1.12% copper equivalent.
A second hole returned an 88-metre interval grading 1.06% copper equivalent and extended the interpreted zone north.
The added mineralisation is outside the current resource outline but within the open-pit limits, and could inform future modelling.
More assay results are pending from drilling at the project.
- Who
- Cannindah Resources, which owns the Mt Cannindah project.
- What
- Drilling extended the Southern Shoot copper-gold zone, including a 135-metre intercept grading 1.12% copper equivalent.
- When
- The results were reported on 1 November 2026.
- Where
- The Mt Cannindah project in central Queensland, 90km southwest of Gladstone and 27km northeast of Monto.
- Why
- The drilling is testing extensions to the mineralised system and providing data for future resource modelling.
This story does not have two clearly opposing sides.
Cannindah reported a resource of 23.2 million tonnes at 0.93% copper equivalent for the Cannindah Breccia.
Cannindah reported drilling results extending the Southern Shoot, including a 135-metre intercept grading 1.12% copper equivalent.
- Extended intercept
- 135m at 1.12% CuEq from a downhole depth of 214m
- Higher-grade section
- 44m at 2.78% CuEq from 214m
- Second hole
- 88m at 1.06% CuEq from 200m
- Interpreted zone extension
- About 25m east and 50m north
- Cannindah Breccia resource
- 23.2Mt at 0.93% CuEq, reported on 29 September
- Project location
- 90km southwest of Gladstone and 27km northeast of Monto, Queensland
What people are saying
This diamond extension shows that mineralisation continues beyond the end of the original RC drill hole intersection, extending the Southern Shoot approximately 25m to the east and 50m to the north
This data was previously unavailable for inclusion in the most recent MRE and hence indicates additional growth within the current MRE
The Southern Shoot remains open to the south and at depth. Our drilling is testing these extensions as we speak to establish how far the mineralised system continues