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Canyon Resources Ltd.
Summary
| Project: | Minim Martap | |
|---|---|---|
| Deposit: | Minim Martap | |
| Location: | Cameroon | |
| Commodities: | Aluminium-Silica | |
| Date: | 3/12/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-3-2019: Canyon Resources Ltd. announces a Resource Estimation report for its Minim Martap deposit at the Minim Martap project. Updated mineral resource estimate by determining high grade resource within the deposit. Canyon Resources Ltd (ASX: CAY) is p | |
| Resources: | (Resource Inf.): 250Mt @ 50.8% Al2O3, 1.9% SiO2 at the High grade resource | |
| CP/QP: | [Resources]: Bruce McConachie (SRK Consulting (Australasia) Pty Ltd.) | |
| ABSTRACT: | Canyon Resources Ltd (ASX: CAY) is pleased to report a detailed review of previous exploration on its Minim Martap Project in Cameroon has identified significant zones of extremely high-grade bauxite with very low contaminants within the existing bauxite resource. The very high-grade resource of 250.9 million tonnes at 50.8% Al2O3 (total) and 1.9% SiO2 (total), part of the previously announced Minim Martap Project resource, validates Canyon’s theory that the project is one of the highest grade very low silica bauxite resources globally, with clear potential to substantially grow the scale of the very high-grade zones. Canyon engaged SRK Consulting to review results from previous drilling campaigns to identify very high-grade areas within the plateaux used to calculate the previously announced 550Mt bauxite resource. The resource previously announced on 9 August 2018 and upgraded to JORC 2012 compliant on 4 September 2012. The cut-off grades and quality parameters for the bauxite review by SRK were based on the total silica being 40%. For high-grade alumina plateaux, total silica 48% The review identified significant areas of very high-grade bauxite within all 11 of the Minim Martap licence plateaux | |
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