Canyon Resources encouraged by first round of Mandoum drilling

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THE DRILL SERGEANT: Canyon Resources (ASX: CAY) has drilled 75 holes to complete the first phase of a drilling program at the Mandoum permit on the company’s Birsok bauxite project in Cameroon.

Assays for the first 10 holes have been returned, with half of them producing results the company described as being significant and highly encouraging.

Samples were analysed for available alumina (AvAl %) and reactive silica (Rx.SiO2%).

Results include:

MBRC005
6 metres at 34.4 per cent AvAl and 6.42 per cent RxSiO2 from surface;

MBRC004
3m at 33.8 per cent AvAl and 8.2 per cent RxSiO2 from 2m;

MBRC006
3m at 32.1 per cent AvAl and 7.6 per cent RxSiO2 from surface;

MBRC010
2m at 34 per cent AvAl and 5.2 per cent RxSiO2 from surface; and

MBRC003
2m at 30 per cent AvAl and 8.5 per cent RxSiO2 from 1m.

“We are very pleased to report that the recently purchased drilling rig performed as hoped and we have successfully completed the planned initial Mbon drilling program at Mandoum,” Canyon Resources managing director Phillip Gallagher said in the company’s announcement to the Australian Securities Exchange.

“The wet season and subsequent access conditions has forced a temporary halt to the drilling.

“We are also encouraged by early signs with half of the first batch of 10 holes returning significant available alumina assays.

“The rest of the assay results are expected over the next four to six weeks.

“We are confident that the results will be encouraging, showing significant tonnage potential on the Mandoum permit, which when added to the successfully defined bauxite plateaux from the first round of drilling on the Birsok permits; will continue us on our pathway to a sizeable quality bauxite resource and advance the objective of developing a two to three million tonne per annum DSO mining operation utilising the existing rail and port infrastructure.”

Website: www.canyonresources.com.au