#resourceexpansion

[colitco]

Cannindah Resources Ltd (ASX: CAE): Resource Expansion Drilling Underway at High-Grade GAP Zone 🟡⛏️

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/

⚠️ Disclaimer: This is not investment advice. Please conduct your own research for any investment decisions.

[colitcomediasblog]

Technical Expertise and Leadership Behind the Campaign

Behind every successful exploration project is a team of dedicated professionals, and St George Mining is no exception. The company’s leadership comprises a blend of geological expertise, financial acumen, and project management experience. This team has a proven track record of delivering exploration success, making the most of every dollar invested in the field.

The CEO of St George Mining has consistently emphasized the importance of transparency, data integrity, and stakeholder engagement. This philosophy is reflected in the meticulous planning and execution of the Araxá project. Weekly updates, field reports, and community consultation meetings are all part of the company’s commitment to responsible resource development.

In addition to its in-house team, St George Mining partners with highly qualified contractors and service providers who bring specialized skills to the table. Whether it’s geophysical interpretation, core sampling, or environmental monitoring, every aspect of the drill campaign is supported by industry best practices and state-of-the-art technology.

The company’s board of directors includes individuals with deep roots in Australia’s mining landscape, lending valuable strategic oversight to the campaign. This strong leadership structure ensures that the $5 million placement is not just spent, but invested wisely—with measurable milestones and clear deliverables guiding every phase of the exploration journey.

[colitcomediasblog]

Pacgold Reports Strong Exploration Progress at Alice River Gold Project

Pacgold advances the Alice River Gold Project with high-grade bulk tonnage discoveries, aggressive drilling, and strategic corporate moves a

In the heart of Northern Queensland lies one of Australia's most compelling gold exploration frontiers — the Alice River Gold Project, Pacgold Limited’s flagship asset. With global gold prices soaring to historic highs, the project is perfectly positioned to benefit from both geological potential and market momentum.

Spanning a vast 377 km² of granted exploration permits and eight mining leases, the Alice River Gold Project is located within a 30-kilometre-long gold-bearing shear zone—a structural corridor known to host significant mineralisation. The region’s rich history of gold production and its geological similarities to major deposits mark it as an exceptional location for discovery.