Canyon hits shallow gold at Tonbody
THE DRILL SERGEANT: Burkina Faso-focused gold exploration play Canyon Resources has had more good news from its Tonbody project.
Canyion has received shallow high-grade gold results a 7,005m reverse circulation (RC) drilling program that was completed in July 2011.
Canyon said the most significant aspect of the results is the wide gold intercepts returned from the southern end of the program.
The company considers these to have confirmed continuity of mineralisation over 2.5 kilometres of strike length that remains open to both the north and south, and at depth.
These results included:
– 20 metres at 4.46 grams per tonne gold from 44 metres, including 4 metres at 19.01 grams per tonne gold;
– 8m at 4.00 g/t gold from 44m;
– 8m at 2.42 g/t gold from 108m; and
– 8m at 2.24 g/t gold from 32m.
“To achieve such outstanding results from our maiden RC program at the Tondoby prospect is extremely encouraging, and demonstrates the sound efforts of our exploration team in generating these drill targets,” Canyon resources managing director Phil Gallagher said in the company’s announcement to the Australian Securities Exchange.
“The Board and management are very excited by these initial results at Tondoby, and look forward to commencing the next round of drilling to further define the extent of gold mineralisation at Tondoby.”
With the recent drilling having identified 2.5km of gold mineralisation that is open in all directions, Canyon is now planning substantial follow up drilling programs at Tondoby that will be designed to test the strike and depth extent of the mineralisation.
The company said additional drilling will also be carried out to help delineate the geometry of the mineralisation and for the company to gain a better understanding of the structural controls on the gold lodes.
It is expected that drilling will recommence at Tondoby in the coming months.
The company has been encouraged by mineralisation in the southern drill holes, which it said demonstrates mineralisation extends to surface, covered only by a thin layer of soil and clay.
It appears this cover material was enough to hide the mineralisation from local prospectors as there is no evidence of active or historical gold workings present in this area.
As the structure remains untested by effective modern exploration, Canyon said it will also focus exploration activities on identifying additional gold mineralisation along the length of the structure.