Cannindah Resources Limited announced some tremendous drill results demonstrating high grades over considerable down hole depths. Hole # 11 key results are: A high grade zone of 217m @ 1.08% CU, 0.41 g/t Au, 17.0 g/t Ag (150m To 367m). Translating to 217m @ 1.47% CuEQ, occurring within a broader mineralised zone from 121m to 416m that aggregates 295m @ 0.84% Cu, 0.33 g/t Au, 13.2 g/t Ag.

Translating to 295m @ 1.14% CuEq. Significant high grade zones of Cu, Au, Ag are present, associated with highly sulphidic sections of infill breccia or possible sulphidic feeder veins (note all results reported as downhole depths): 126m-127m: 1m @ 2.5%Cu, 3.73 g/t Au, 66.9 g/t Ag, 10.82% . (1m @ 5.3% CuEq); 165m-169m: 4m @ 1.60%Cu, 1.09 g/t Au, 31.9 g/t Ag, 15.81% S. (4m @ 2.52% CuEq); 183m-194m: 11m @ 3.00%Cu, 1.73 g/t Au, 55.0 g/t Ag, 9.82% S. (11m @ 4.49% CuEq); Includes higher grade zone 190m-194m: 4m @ 4.52%Cu, 4.07 g/t Au, 97.8 g/t Ag, 14.07% S, (4m @ 7.78% CuEq); Another wide zone 226m-364m: 138m @ 1.26%Cu, 0.44 g/t Au, 18.6 g/t Ag,4.88% S. (138m @ 1.68% CuEq).

Which includes: 226m-234m: 8m @ 2.25%Cu, 0.32 g/t Au, 29.8 g/t Ag, 4.88% S. (8m @ 2.68% CuEq); 249m-258m: 9m @ 1.42%Cu, 1.34 g/t Au, 23.8 g/t Ag,6.30% S. (9m @ 2.48% CuEq); 275m-360m: 85m @ 1.51%Cu, 0.51 g/t Au, 21.6 g/t Ag,5.2% S. (85m @ 1.95 CuEq); Includes 309m-311m: 2m @ 1.71%Cu, 9.92 g/t Au, 40.8 g/t Ag,7.22% S. (2m @ 8.07 CuEq). CAE hole 11 follows up the previously successful drillholes in the north targeting copper bearing breccia, as it disappeared under outcropping weakly mineralised diorite. The results reported here are the successful outcome of the initial priority of CAE hole 11 which was to prove up high grades and continuous mineralisation sitting below the diorite at the northern end of the Mt Cannindah Breccia as currently drilled.

Hole 11 has then continued probing to the west down the throat of the breccia, intersecting mineralised sulphidic sections particularly between 600m and 825m and then continuing sporadically to depths in excess of 1km. Assay results are awaited of these lower zones. At this stage CAE can confidently say that the company are still to establish the size of this large mineralized system.

Hole 22CAEDD011is the northern most hole CAE have drilled to date at Mt Cannindah. It is also the deepest, at a depth in the order of 1100m, drilling east to west down the axis of a major breccia body. The company announced completed assay results for the top approximately 500m of hole 22CAEDD011 (hole #11) of the drilling program currently underway at the Mt Cannindah copper gold silver project south of Gladstone near Monto in central Queensland.

CAE hole #11 is the deepest hole drilled to date at Mt Cannindah. It was stopped at 1100m, still in mineralised and altered breccia and strongly altered diorite and porphyries.