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Canyon Resources Ltd.
Summary
| Project: | Minim Martap | |
|---|---|---|
| Deposit: | Ngaoundal | |
| Location: | Cameroon | |
| Commodities: | Aluminium-Silica | |
| Date: | 8/12/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-8-2019: Canyon Resources Ltd. announces an Exploration/Drilling Update report for its Ngaoundal deposit at the Minim Martap project. Drilling results incl. 10m @ 50.1% Al2O3, 0.7% SiO2 from surface. Canyon Resources Limited (ASX: CAY) (Canyon) is pleas | |
| Resources: | (Resource, Total): 550Mt @ 45.5% Al2O3, 2.06% SiO2 at project total | |
| 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 program conducted over three plateaux on the Ngaoundal Licence at its Minim Martap Bauxite Project in Cameroon. These results continue to confirm the project’s thick, high-grade, low contaminant bauxite deposit which outcrops from surface. Ngaoundal has previously reported an Indicated bauxite resource of 88Mt at 41.8% Al2O3 and 1.3% SiO2 (total) 2 . The Company’s total resource, incorporating 14 plateaux from the Minim Martap and Ngaoundal permits, is 550Mt at 45.5% Al2O3 and 2.06% SiO2, including a high-grade resource of 250.90Mt at 50.08% Al2O3 and 1.90% SiO2.2 Recent assay results from Canyon’s current drilling program have achieved higher grades, lower silica and deeper mineralised results than the results used for the previous modelling over the two project areas. Canyon’s Chief Geologist Dr Alexander Shaw said, “These drilling results from the Ngaoundal plateaux are very positive as they showed a strong improvement in the grade from the previous resource on the plateau.” Several holes were stopped in high-grade material due to wet drilling conditions which prevented further penetration using the air-core rig. | |
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