Canyon Resources Scores Additional High-Grades at Minim Martap Bauxite Project

THE DRILL SERGEANT: Canyon Resources (ASX: CAY) reported further positive results from an ongoing air core drilling campaign on the Beatrice Plateau at the company’s Minim Martap bauxite project in Cameroon.

Canyon Resources claimed the results demonstrate the project’s thick, high-grade, low contaminant bauxite from surface.

The company’s recent air core drilling completed on the Beatrice plateau recorded substantial high-grade mineralised holes which are much deeper than the current resource, sometimes up to twice the depth.

The Beatrice plateau has previously reported an inferred (JORC 2012) resource of 38.5 million tonnes at 50.76 per cent aluminium oxide (Al2O3) and 2.69 per cent silicon dioxide (SiO2).

The company said the assay results received from the current drill program have generally achieved higher grades, lower silica and deeper mineralised profiles than this previous resource.

Drilling intersections include:

6m at 58.19 per cent Al2O3 and 0.92 per cent SiO2 (total) from surface;

9m at 55.95 per cent Al2O3 and 2.76 per cent SiO2 (total) from surface;

9m at 54.81 per cent Al2O3 and 1.87 per cent SiO2 (total) from surface; and

10m at 54.57 per cent Al2O3 and 3.33 per cent SiO2 (total) from surface.

“The remainder of the assays from the 250 metres by 250 metres grid drilled on the Beatrice plateau have continued the very high-grade assay results and broad bauxite intersections that were recorded in the first batch of assay results,” Canyon Resources chief geologist Alexander Shaw said in the company’s announcement to the Australian Securities Exchange.

“We are also seeing significant increases in the depths of the mineralisation.

“Our drilling has increased the depth of the mineralisation to an average of 12 metres and a maximum of 17 metres.

“In some cases, this is double the previous results.”