Overview
The Mount Cannindah Project is a large porphyry-style Cu-Mo-Au system 100km south of Gladstone, Queensland.
Mineralization is hosted within a broad, steeply-dipping breccia body/structural zone with disseminations, blebs and veinlets of pyrite and chalcopyrite as infill, hosted within hornfelsed sediments, altered diorite and intrusive porphyry bodies. Mineralization is also characterized by potassic alteration, the margins of which are gradational.
Current operator Cannindah Resources released an updated Mineral Resource Estimate in July 2024, exhibiting a strike length of 600m and a width of 100-150m, with a current conceptual pit depth of 350m below surface. The mineralization outcrops from surface and is open along strike and at depth, highlighting upside for further resource expansion. Additional intercepts outside of the current resource also demonstrate the deep potential of the Mt Cannindah breccia, with observed copper, silver, and gold mineralization to depths of 1,100m.
Further resource definition drilling is planned at the property, as well as additional exploration activities including IP and soil sampling surveys to further delineate copper, gold and molybdenum occurrences associated with the Monument intrusive and the surrounding alteration zone.
Cornerstone assets
