Cannindah Resources identifies potential resource expansion

Cannindah Resources (ASX:CAE) has announced significant developments at its Mt Cannindah Copper Gold Project in Queensland. The company identified a substantial induced polarization anomaly. This suggests potential extensions of the current resource, which have not yet been effectively tested by drilling. A new drilling program is set to commence, targeting these promising areas.

Cannindah Resources' strategic exploration plans

Cannindah Resources Limited has made a pivotal announcement regarding its Mt Cannindah Copper Gold Project. The identification of a large chargeability anomaly south and west of the current resource area suggests promising extensions. The current resource stands at 14.5Mt @ 1.09% CuEq, with measured, indicated, and inferred categories. The company's strategic plan includes a major drilling program focused on this anomaly, particularly the untested southwest area. This program aims to explore the potential for significant resource growth. Mt Cannindah's advantageous location near Gladstone enhances its exploration prospects. The competent person statement ensures transparency, and the copper equivalent calculation is provided for clarity. The discovery could significantly impact the Mineral Resource Estimate if it yields economic mineralization, aligning with Cannindah's focus on exploration and development in the copper-gold sector.

Executive commentary on resource potential

The exciting potential for resource growth at Mt Cannindah is underscored by this IP anomaly. Our upcoming drilling program is crucial as we explore the high probability targets suggested by these findings.