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Cannindah Resources Limited ( (AU:CAE) ) has issued an update.
Cannindah Resources Limited has announced significant trenching results from its Mt Cannindah project, revealing high-grade copper-gold-molybdenum mineralization within the Southern Target Zone. The results, which include a new potential Pencil Porphyry-hosted mineralization, suggest the presence of economically viable deposits and have identified targets that have not been previously drill tested. These findings, supported by geophysical data, indicate the potential for further exploration and development, potentially enhancing the company’s position in the mining sector.
More about Cannindah Resources Limited
Cannindah Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company primarily deals with copper, gold, and molybdenum, with a market focus on identifying and developing mineral deposits that have economic potential.
Average Trading Volume: 935,396
Technical Sentiment Signal: Sell
Current Market Cap: A$43.32M
See more insights into CAE stock on TipRanks’ Stock Analysis page.
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