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Canyon Resources Ltd

Canyon Resources drill results feature 8 metres at 56.7% aluminium oxide

Drilling was at the Agnes Plateau deposit within the Minim Martap project.

drill rig on site in Cameroon
Agnes is 1 of 14 plateaux that forms the JORC resource within the Minim Martap and Ngaoundal permits

Canyon Resources Ltd (ASX:CAY) has received further high-grade, quality results from aircore drilling at its Minim Martap Bauxite Project in Cameroon.

Highlights include 8 metres at 56.76% aluminium oxide and 1.63% silicon dioxide, 10 metres at 53.50% aluminium oxide and 2.08% silicon dioxide, and 8 metres at 53.30% aluminium oxide and 1.50% silicon dioxide, all from surface.

The Agnes Plateau forms part of the high-grade section of the Minim Martap JORC resource and these results continue to support higher grades of aluminium, lower levels of silica and the potential for deeper mineralisation.

READ: Canyon Resources DSO prospects improved by Cameroon port-rail tendering

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.”

Drilling moves to Sophia plateau

Drilling on the Agnes Plateau has been completed but exploration drilling on the Minim Martap Project continues with activity focussed on the Makan permit.

Canyon is now drilling a 27 hole program on the Sophia plateau, located in the south east sector of the permit.

Following completion of Sophia plateau drilling, Canyon plans to drill the Emilie plateau, also on the Makan permit.

READ: Canyon Resources sees rail link advancing for bauxite project

While the 2019 exploration program continues, Canyon also continues to monitor the progress of government upgrades to rail infrastructure connecting its bauxite project to  a deep water port.

The Cameroon government recently called for tenders to manage an upgrade of the existing rail line and the construction of the Kribi Port extension.

Canyon also engaged a highly credentialed and experienced Cameroonian rail engineer to liaise with the government and rail operators.

Quick facts: Canyon Resources Ltd

Price: $0.14

Market: ASX
Market Cap: $62.06 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

2 min read