#gapzone

Cannindah Resources has commenced drilling at the Cannindah Breccia targeting the high-grade "GAP" zone within its 14.5Mt @ 1.09% CuEq copper-gold resource in central Queensland. The program aims to upsize the resource and improve average grades following strong 2025 results that identified a 275m underexplored zone with significant high-grade potential.

🔑 Key Highlights

Drilling targets potential high-grade GAP zone at Cannindah Breccia

Recent intercepts include 278m @ 1.16% CuEq from surface (north) and 120m @ 1.16% CuEq from 30m including 60m @ 1.94% CuEq (south)

Initial program: 12 holes for ~3,000m of drilling

Resource update planned following program completion

Second rig secured for Southern Porphyry Target drilling

Existing resource: 14.5Mt @ 1.09% CuEq containing 105,000t Cu, 197,000oz Au, 6.4Moz Ag

🔍 Why It Matters?

The GAP zone represents a clear opportunity to increase both grade and tonnage at Cannindah Breccia. Success could materially improve project economics while the Southern Porphyry Target adds discovery upside to an already established copper-gold system.

📊 Market Snapshot

Share Price: $0.051 Market Capitalisation: ~$63.88M

🔗 Read the full article: https://colitco.com/cannindah-targets-high-grade-copper-gold/