If we get anything near 1% Cu equivilent across 400-500m on the next hole it’ll be in unchartered territory.
the closest thing to this would be Rio Tinto’s Winu discovery which had results such as 456m at 0.43% copper, 0.6gpt gold and 2.56gpt silver.
$80m was spent on Winu in it’s first year post discovery. Big money at play here.
Winu has a 500Mt resource so way bigger than Mt Cannindah at the moment. But our 700m drill hole finished in mineralisation so this thing could go way deeper. Not unusual for mines to extend 1500m+ underground so heaps of potential here. Also likely that there is some massive underground porphyry that feeds Mt Canniindah, Cannindah East and all the other prospects so this could turn into a monster.
A company making project and drilling campaign here that’s for sure. Next stop $1?
CAE Price at posting:
56.0¢ Sentiment: None Disclosure: Held
