Cannindah Resources Ltd (ASX: CAE): High-Grade Drilling Expands Cannindah Breccia Potential

Cannindah Resources has reported strong copper-gold drill results from its 2026 resource expansion program at the Mt Cannindah Project in Queensland, reinforcing the potential for resource growth within the Cannindah Breccia system.

The latest drilling in the “GAP” zone has confirmed high-grade mineralisation and continuity, supporting the development of ore shoots and expansion of the existing Mineral Resource.

🔎 Key Highlights

• Significant intercept: 94m @ 1.11% CuEq from 178m • Including high-grade zone: 54m @ 1.61% CuEq from 204m • Strong continuity of mineralisation across upper and lower zones • Results exceed grades and thickness of current Mineral Resource estimates • Cannindah Breccia spans ~600m strike with large-scale system potential • Assays pending for 4 additional drill holes with further drilling planned

Previous standout results further highlight scale:

• 120m @ 1.16% CuEq including 60m @ 1.94% CuEq • 52m @ 1.18% CuEq including 22m @ 2.63% CuEq

🗣️ Management Commentary

Managing Director Cameron Switzer noted that results confirm strongly mineralised zones beneath lower-grade areas, with the identification of ore shoot development enhancing confidence in further resource expansion.

📍 Next Steps

Cannindah is advancing:

• Follow-up drilling at depth and along strike (commencing shortly) • Additional assays from ongoing drill program • Diamond drilling at the Southern Copper-Gold Porphyry Target in coming weeks • Continued aggressive exploration backed by strong funding

📊 Market Snapshot Share Price: $0.034 Market Cap: $45.71M

📈 Investor Outlook

The latest results strengthen Cannindah’s position as a high-impact copper-gold explorer, with increasing evidence of ore shoot development and system scale. With drilling accelerating and multiple targets across the Mt Cannindah project, the company is well positioned for resource growth and potential re-rating as exploration advances.

🔗 Read more: https://colitco.com/cannindah-resources-gap-zone-drilling-colitco/

⚠️ Disclaimer: This is not an investment advise, please do your own research for any investment decisions.

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