#explorationsuccess

Cannindah Resources has delivered a major exploration breakthrough at its flagship Mt Cannindah Project in central Queensland, intersecting high-grade gold–copper mineralisation from the first deep RC drilling at the Southern Porphyry Target.

The results provide strong technical confirmation of a large-scale copper–gold porphyry system at depth, marking a pivotal step in the Company’s growth story.

🔧 Key Developments

First deep RC drilling completed at the Southern Porphyry Target

High-grade gold–copper mineralisation intersected at depth

Drill hole ended in mineralisation, indicating the system remains open

Results validate Cannindah’s porphyry exploration model

⛏️ Standout Drill Results

28m @ 1.15% CuEq from 298m to EOH (25CRC016)

Including 1.25 g/t Au and 0.11% Cu

Increasing gold values downhole suggest gold-rich porphyry phases

Additional holes define grade shells and metal vectors trending south and at depth

📈 Why It Matters

Confirms porphyry-style mineralisation within a large intrusive system

Southern Target footprint exceeds 2,000m x 800m

Geological indicators align with major global porphyry discoveries

Enhances exposure to two structurally strong commodities – copper and gold

💬 Cameron Switzer, Managing Director & CEO: “To deliver clear evidence of high-grade mineralisation at depth sends a strong message that our exploration strategy is working.”

🔄 What’s Next

Assays pending from 5 additional deep RC holes

Further deep drilling planned to test scale and grade at depth

Continued advancement of Mt Cannindah’s Southern and Breccia targets

📊 Investor Outlook

Cannindah Resources last traded at $0.057, valuing the Company at approximately $58.8M. The stock surged 26.67% on the day following the announcement, reflecting strong investor response to the confirmation of high-grade porphyry mineralisation. With multiple assays pending, a growing copper–gold system, and exposure to commodities critical to electrification, AI infrastructure and the energy transition, Cannindah is positioning itself as a high-impact Australian copper–gold explorer.

🔗 Read more: https://colitco.com/cannindah-resources-mt-cannindah-gold-copper/

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