| Announcement Date: | 2022-02-21 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Black Canyon Ltd. |
| Project name: | Flanagan Bore |
| Location: | Australia |
| Commodities: | Iron,Manganese |
| Highlight: | Drilling results incl. 35m @ 11.7% Mn, 9.4% Fe from 0.0m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Australian manganese explorer, Black Canyon Limited (the Company)(ASX:BCA), is pleased to announce the remaining assay results from RC drilling completed at the LR1 deposit (Appendix 1). Building on the strong initial results reported on February 8, 2022, the additional drill holes continued to encounter thick zones of manganese enriched shale with the potential to significantly expand the LR1 maiden mineral resource estimate released in October 2021. Located 120km north-east of Newman, Black Canyon’s Flanagan Bore tenement is part of the Company’s Carawine Project and is subject to a farm-in and joint venture agreement (the Agreement) with Carawine Resources Ltd (ASX:CWX) whereby Black Canyon can earn up to a 75% interest in the Carawine Project tenements. A total of 168 RC drill holes were completed for 5,569 metres and 13 PQ diamond drill core holes were completed for 477 metres. To date, the Company has received and compiled the assay results from the LR1 deposit area only. A summary of the significant results is provided below and collar details for the drill program completed at LR1 are presented in Appendix 1. |
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