Mt Cannindah delivers another massive copper hit from surface with hole 9 providing
400m @ 0.91% Cu Eq along with a significant gold zone of 14m @ 1.65g/tAu from 287m
HIGHLIGHTS
ď‚· Hole 9 set out to extend the mineralisation at Mt Cannindah to the north and at depth,
drilling for blind, copper bearing breccia. It has done exactly that, as well as outline many
other positive outcomes geologically for the Mt Cannindah project.
ď‚· The high grade copper zones in hole 9 are skirting the northern boundary of the previously
interpreted mineralised envelope and as such largely haven’t been included in the ore
blocks used in any resource calculation to date. The zones project down plunge in a
direction well outside this envelope.
ď‚· From 58m there is 341m of 1.03%CuEq (0.75% Cu, 0.26g/t Au, 14.6g/t Ag).
ď‚· Long intervals of spectacular infill breccia, containing high grade copper are present down
to a depth of 400m.
ď‚· Copper with associated gold and silver mineralisation is intermittently developed in the
rest of the hole from 400m to 877.6m. As a guage to the extent of mineralisation present,
the entire hole would aggregate to 877.6m at 0.48%CuEq.
ď‚· Previous interpretations have suggested that brecciation of the diorite was not conducive
to high grade mineralisation compared to the splintery, flinty attributes of the hornfels.
Hole 9 shows abundant evidence that diorite breccia can indeed contain high grade
copper at Mt Cannindah (see photos below for examples).
ď‚· Hole 9 is the longest hole ever drilled at the Mt Cannindah project
Executive Chairman Tom Pickett commented “To once again have a massive copper hit from
near surface at Mt Cannindah is a testament to the hard work our team has put into the planning
of this drilling program. Hole 9 extends mineralisation to the north and shows that there is far
more copper than previously recognised in the system. Having more good hits outside the
previous resource block model calculation is exactly what we were after. We look forward to
exploration heading south and to the east after more investigation in this northern zone has
been concluded.”
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- Ann: Hole 9 Assay Results 400m @ 0.91% CuEq
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