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Cannindah Resources Ltd.
Summary
| Project: | Piccadilly | |
|---|---|---|
| Deposit: | Piccadilly | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-10-2018: Cannindah Resources Ltd. announces a Resource Estimation report for its Piccadilly deposit at the Piccadilly project. Exploration target for piccadilly project. Cannindah Resources Limited (Cannindah) recently presented some further informatio | |
| Resources: | Exploration Target: 291.9Kt @ 3.28ppm Au for 31Koz Au contained | |
| CP/QP: | [Overall Report]: Simon Beams (Terra Search Pty Ltd.) | |
| ABSTRACT: | Cannindah Resources Limited (Cannindah) recently presented some further information about the Piccadilly project to Minjar Gold Pty Ltd (Minjar). Minjar’s interest in the project was purely related to rapidly accessible third-party ore sources to feed the Pajingo Mill. As such their initial review of our presentation was restricted to the potential of the narrow vein gold mineralisation historically and currently being developed within the Mining Lease, ML 1442. This mining lease area is quite small relative to the whole Piccadilly project being approximately 64 hectares compared to the more than 200 sq/km of exploration ground which makes up the project area surrounding it. As part of their review Minjar prepared a crude 3D vein model which was developed using Leapfrog® software in an effort to quantify the potential of the known mineralisation within the Mining Lease. No mineral resource estimates for the mining lease at Piccadilly deposit have been previously published. Therefore, the work completed by Minjar should be viewed as a target estimate of the mining lease only and does not in any way take into consideration of what may have been mined historically or the larger potential exploration target to the south within the exploration ground which surrounds it. Cannindah requested geological consultants Terra Search to review the Minjar findings and they concur with the methodology used in coming to the conclusions in the table below. | |
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