Cannindah Resources Starts Drilling at Australia Copper-Gold Project

MT Newswires Live10-13

Cannindah Resources (ASX:CAE) said it started drilling at its Mt Cannindah copper gold project in Australia, which holds a mineral resource estimate of 14.5 million tonnes at 1.1% copper equivalent, according to a Monday Australian bourse filing.

The reverse circulation program will consist of an initial 6,000 meters of scout drilling to depths of up to 320 meters at the project, which also has other "significant" targets, primarily the potentially transformational Eastern and southern porphyry targets, the filing said.

The company added that both the southern and eastern target footprint sizes are comparable to many operating porphyry projects, with neither target having been tested appropriately from a recent context.

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