Cannindah Resources Limited announced the next set of completed assay results from the drilling program currently underway at Mt Cannindah, copper gold silver project south of Gladstone near Monto in central Queensland pertaining to the middle section (481m to 856m) of hole 22CAEDD011. Hole CAE #11 is the northern most hole that CAE have drilled to date at Mt Cannindah . At a final depth of over 1099.4m, it is also the deepest, drilling east to west down the axis of a major tabular breccia body.

The results reported here further expand the depth extent of sulphidic, copper-gold -silver bearing breccia and altered porphyry zones. CAE hole #11 was collared in unaltered diorite, targeting blind breccia mineralisation. CAE holes in this northern zone (CAE # 9,10,11) have all returned thick intersections of high grade copper-gold silver, reported in previous CAE ASX announcements CAE hole 9:ASX announcement dated 4 - 5/4/2022: 341m of 1.03% CuEq (0.75%Cu, 0.26g/tAu, 14.6g/tAg), CAE hole 10 -ASX announcement dated 12/5/2022: 271m @1.41% CuEq (0.98% Cu, 0.44 g/t Au, 20.3 g/t Ag).

These CAE holes have drilled down the long axis and demonstrably across the layering of the Mt Cannindah breccia body. CAE hole # 11 is collared 40m north of CAE hole # 9, similarly drilling east to west, down the axis of the breccia body at the northern extremity of drilling at Mt Cannindah. The trace of CAE hole # 11 crosses over the paths of CAE holes # 9,10 and drills towards CAE hole # 3 during its 1km journey into the depths of the Cannindah breccia system.