Diamond drilling is one of the most precise and reliable methods used in mineral exploration. In the case of Cannindah Resources Fires Up Diamond Drilling at Southern Porphyry Copper-Gold Target in a Potentially Transformational Move, this technique plays a critical role in evaluating subsurface geology.

Through diamond drilling, geologists can obtain continuous core samples, offering detailed insights into rock composition and mineralization patterns. This level of accuracy is essential when targeting porphyry systems known for hosting significant copper and gold deposits.

The southern porphyry target represents a highly prospective zone with strong geological indicators. By deploying advanced drilling methods, Cannindah Resources is increasing the likelihood of identifying economically viable mineral deposits.

These deposits are typically formed through magmatic processes, resulting in extensive mineralisation zones. The Southern Porphyry area has shown promising signs through previous geological surveys, making it a prime candidate for further exploration.

By initiating diamond drilling, Cannindah Resources aims to validate historical data and uncover new mineralisation zones. This step is critical in determining the economic viability of the project and estimating resource potential.

Cannindah Resources has commenced a major 10,000m diamond drilling program at the Southern Porphyry Target within its Mt Cannindah Project in Queensland, targeting the deeper potential of a large-scale copper-gold system that could be transformational for the Company.

The first diamond hole is extending *RC hole 25CRC016, which previously intersected *28m @ 1.15% CuEq, providing strong evidence of a potentially significant porphyry mineralised system at depth.

🔎 Key Highlights

10,000m Phase 1 diamond drilling program underway

Targeting extensions of high-grade copper-gold mineralisation

Previous standout intercept: 28m @ 1.15% CuEq

Southern Target spans ~2,000m strike with strong geophysical indicators

Exploration Target estimated at 64Kt to 114Kt CuEq (near-surface skarn zone)

Existing MRE: 14.5Mt @ 1.09% CuEq at Cannindah Breccia

Strong financial position supports aggressive exploration program

🗣️ Management Commentary

Managing Director Cameron Switzer highlighted that current exploration data supports the presence of a significant copper-gold porphyry system, with drilling designed to test mineralisation at depths exceeding 1,200m.

📍 Why It Matters

Porphyry systems are known for hosting large, long-life copper-gold deposits. Confirmation of scale at depth could significantly enhance the resource potential at Mt Cannindah.

📊 Market Snapshot

Share Price: $0.037 Market Cap: $47.05M

📈 Investor Outlook

With strong funding, ongoing drilling and compelling geological indicators, Cannindah is advancing a high-impact exploration program with potential for meaningful resource growth.

🔗 Read more: https://colitco.com/cannindah-resources-fires-up-diamond-drilling/

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/

Cannindah Resources has reported significant drilling results confirming the scale of a potential pencil porphyry copper–gold system at the Southern Target within its Mt Cannindah Project in Queensland.

Recent reconnaissance drilling has delivered broad zones of copper and gold mineralisation, reinforcing the presence of a large-scale porphyry system and highlighting strong potential for further resource growth.

🔎 Key Highlights

148m @ 0.27% CuEq from 112m

172m @ 0.18% CuEq from 118m

High-grade intercept of 28m @ 1.15% CuEq ending in mineralisation

Mineralisation now defined across ~700m strike length

Southern Porphyry system footprint exceeds 2,000m x 800m and remains open

🗣️ CEO Commentary

Managing Director & CEO Cameron Switzer said the growing results continue to strengthen the Southern Porphyry opportunity.

“Broad mineralised intervals like these are strong indicators in porphyry systems and suggest we may be approaching a fertile intrusive centre. With aggressive drilling planned, 2026 is shaping up to be a very exciting year for Cannindah’s stakeholders.”

💰 Market Snapshot Share Price: $0.049 Market Cap: $62.61M

📈 Investor Outlook

Cannindah continues to strengthen its exploration story with a growing copper–gold system at Mt Cannindah. With approximately $17M in cash to fund aggressive drilling and exploration programs, the company is well positioned to advance resource expansion and test deeper porphyry targets through 2026.

🔗 Read more: https://colitco.com/cannindah-expands-mt-cannindah-porphyry-colitco/

Copper demand is projected to grow substantially due to global electrification trends. Renewable energy systems, battery storage, and electric vehicles require large amounts of copper wiring and components. This structural demand supports long-term price fundamentals.