Canyon Resources samples high grade bauxite; set for drilling at Birsok, Cameroon
Canyon Resources (ASX:CAY) should trade higher after additional rock chip sampling
yielded high grade aluminium oxide bauxite from its 75% owned Birsok
Project in Cameroon.
Around 90% of the 84 rock chip samples returned greater than 50% aluminium oxide, with an average of 2.2% silicon oxide and low levels of other impurities such as iron oxide.
The new rock chips at the Djombe prospect supplement a large, high grade database and add further credence to the potential to establish a direct shipping bauxite mining operation.
Djombe is one of several targets within the Birsok Project, located immediately to the north of and adjoining the world-class Minim Martap bauxite deposit owned by Cameroon Alumina.
In addition to the sampling, detailed prospect mapping is underway to more accurately define the drill target areas; clearing is underway for the start of first phase drilling; and a drilling contractor has been appointed.
Sampling has now extended the strike of this high grade plateau by 1.9 kilometres to give a total strike of high grade outcropping bauxite of over 4 kilometres.
Detailed mapping of the Djombe prospect has defined an area of over 15 square kilometres of bauxite outcrop, boulder block and float material which will form the main target of upcoming drilling.
The Baoua prospect has also been mapped in detail, and is ready for drilling, and work is ongoing to refine further drill targets at the Fedal and Beka prospects.
In addition, Canyon is drilling at the Karga Prospect on its Taparko North base metals project in Burkina Faso.
This is to follow up coincident multi-element soil and ground Electro Magnetic targets that suggest the potential for Volcanogenic Massive Sulphide style of copper-zinc mineralisation.
Capitalised at under $5 million, Canyon is well leveraged to further exploration success.
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