StockTake: Cannindah’s drilling campaign targets promising porphyry systems

Tylah Tully unpacks the latest news from Cannindah Resources (ASX:CAE), which has started drilling at its Mt Cannindah copper-gold project in central Queensland, aiming to grow existing resources and test two large porphyry systems.

The company will drill seven holes to test strike extensions of the existing 14.5 million tonne resource grading 1.09% copper equivalent.

Then the rig will move over to the Eastern Porphyry, a big-scale target with three initial holes planned for 1,000m.

But there is more in the cards; watch the video to hear what Cannindah has planned.

This video was developed in collaboration with Cannindah Resources, a Stockhead advertiser at the time of publishing.

This video does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.