Cannindah Resources (ASX:CAE) started expansionary drilling targeting the potential high-grade GAP zone at the Cannindah Breccia copper gold deposit in Queensland, according to a Tuesday Australian bourse filing.
The company will pursue an initial program consisting of a planned 12 drill holes for around 3,000 meters of drilling, the filing said.
A second rig will start drilling at the Southern Porphyry copper gold target within the next four weeks.
Cannindah Resources' shares rose 2% in recent trading on Tuesday.