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Canyon Resources Ltd

Canyon Resources begins drilling to test prospective high-grade bauxite areas at Minim Martap

The company’s chairman David Netherway, managing director Phillip Gallagher and advisor Tolga Kumova recently visited the site to review its exploration strategy.

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Minim Martap is in the Central African nation of Cameroon

Canyon Resources Ltd (ASX:CAY) has begun an initial aircore drilling and exploration campaign at its Minim Martap Bauxite Project in Cameroon.

The drilling will target untested high-grade bauxite plateaux the company identified in previous reconnaissance work.

READ: Canyon Resources identifies high-grade bauxite trend at Minim Martap project

Previous work highlighted the opportunity to substantially increase the size of Minim Martap’s resource beyond its JORC estimate of 550 million tonnes at 45.5% aluminioum oxide and 2.06% silica.

Canyon estimates that drilling completed at the project by previous owners tested less than 30% of the available bauxite plateaux.

Canyon's board and management with the Préfet and Sous-Préfet of the Tibaati region that covers Minim Martap’s project area

 

READ: Canyon Resources upgrades Minim Martap bauxite resource to JORC 2012 classification

Canyon is utilising its own aircore drill rig and a team of experienced personnel to conduct the first phase of drilling in the northwest quadrant of the Minim Martap licence area.

The program will target the previously drilled Beatrice, Agnes and Raymonde plateaux as well as adjacent plateaux within the prospective northeast-southwest-oriented high-grade bauxite plateau corridor.

READ: Canyon Resources upgrades half a billion tonnes of high-grade bauxite resource

Logging of early drill holes on the Beatrice plateau has suggested that the bauxite profile is substantially thicker than previously reported.

Canyon is preparing one-metre composite samples for submission to ALS Laboratories in Ireland for detailed geochemical analysis.

The next phase of exploration drilling will begin in early 2019 and will make use of results from a recently completed high resolution airborne light imaging, detection and ranging (LIDAR) survey.

The LIDAR survey will also be used as part of Canyon’s pre-feasibility and environmental and social impact studies for the project.

Quick facts: Canyon Resources Ltd

Price: $0.16

Market: ASX
Market Cap: $70.92 m
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Canyon Resources confirms existing railway can transport Minim Martap...

Canyon Resources Ltd (ASX:CAY) managing director Philip Gallagher updates Proactive Investors on the bauxite company’s development of its Minim Martap Bauxite Project in Cameroon.   An initial independent assessment of the existing rail network adjacent to the project concluded...

on 26/3/19

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