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Canyon Resources Ltd.
Summary
| Project: | Minim Martap | |
|---|---|---|
| Deposit: | Makan | |
| Location: | Cameroon | |
| Commodities: | Aluminium-Silica | |
| Date: | 8/6/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-8-2019: Canyon Resources Ltd. announces an Exploration/Drilling Update report for its Makan deposit at the Minim Martap project. Drilling results incl. 12m @ 50.1% Al2O3, 1.1% SiO2 from surface. Canyon Resources Limited (ASX: CAY) (Canyon) is pleased to | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alexander Shaw (Internal) | |
| ABSTRACT: | Canyon Resources Limited (ASX: CAY) (Canyon) is pleased to report high-grade results from an initial exploration drilling program conducted on the Sophia Plateau on the Makan Licence, at Canyon’s flagship Minim Martap Bauxite Project in Cameroon (Project). Significant intervals of over 50% Al2O3 were identified in 23 of the initial 27- hole program completed in July 2019. These results delineate high-grade, low contaminant bauxite from surface in a new exploration area. The initial success of drilling in Makan outlines the potential for further highgrade bauxite plateaux in addition to those already identified within the Project area. None of the plateaux within the Makan tenement have been drilled or included in bauxite resource estimates previously. The Makan permit includes the second largest bauxite plateau at the Project which presents a priority target for future drilling. Canyon’s Chief Geologist Dr Alexander Shaw said, “The drilling results from the previously untested Makan licence are very pleasing and confirm Canyon’s regional geological model for extensive and new high-grade bauxite resource potential. These results further confirm the global Tier 1 status of the Project.” Some holes from the recently completed drilling were terminated within highgrade mineralisation due to wet drilling conditions preventing further penetration using the air-core rig. | |
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