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Canyon Resources Ltd.
Summary
| Project: | Minim Martap | |
|---|---|---|
| Deposit: | Minim Martap | |
| Location: | Cameroon | |
| Commodities: | Aluminium-Silica | |
| Date: | 7/12/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-7-2019: Canyon Resources Ltd. announces an Exploration/Drilling Update report for its Minim Martap deposit at the Minim Martap project. Drilling results incl. 10m @ 53.50% Al2O3, 2.08% SiO2 (total) from surface. Canyon Resources Limited (ASX: CAY) (Can | |
| Resources: | (Resource, Inf.): 33.46Mt @ 46.99% Al2O3, 2.50% SiO2 at Agnes plateau | |
| CP/QP: | [Overall Report]: Alexander Shaw (Internal) | |
| ABSTRACT: | Canyon Resources Limited (ASX: CAY) (Canyon) is pleased to report further positive results from the air-core drilling campaign conducted on the Agnes Plateau at its Minim Martap Bauxite Project in Cameroon. These results demonstrate the project’s thick, high-grade, low contaminant bauxite from surface. The Agnes plateau has previously reported an inferred (JORC 2012) resource of 33.46 Mt at 46.99% Al2O3 and 2.50% SiO2 (total)1 . The project’s total resource which incorporates 14 plateaux from the Minim Martap and Ngaoundal permits is 550 Mt at 45.50% Al2O3 and 2.06% SiO2, including a high-grade resource of 250.90 Mt at 50.08% Al2O3 and 1.90% SiO2. 2 Assay results from Canyon’s current drill program have generally achieved higher grades, lower silica and deeper mineralised results than the previous Agnes Resource, similar to Canyon’s drilling results at the Beatrice plateau completed earlier in the year3 . Canyon’s Chief Geologist Dr Alexander Shaw said, “The most recent drilling results from the Agnes plateau are very pleasing and confirm that Canyon’s drilling may be contributing to the improvement of the scale and grade of the Minim Martap resource. A number of holes were stopped in high grade material due to wet drilling conditions which prevented further penetration using the air-core rig. An assessment will be made, in the future, as to whether additional drilling will be required on the Agnes plateau in order to better define the base of mineralisation” | |
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