| Announcement Date: | 2022-03-23 |
|---|---|
| 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. 30.0m @ 9.4% Mn, 7.6% 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 that all assay results have now been received from the RC drill program completed in December 2021. The widespread manganese mineralisation encountered at FB1 and FB5, with several high-grade intersections reported from surface, further reinforce the prospectivity of the manganese enriched shales at Flanagan Bore. These latest drill results confirm the large manganese endowment of the Project with updated Mineral Resource estimates well advanced at LR1 and the recently discovered FB3 deposit. Located 120km north-east of Newman, Black Canyon’s Flanagan Bore Project contains both tenements owned 100% by the Company as well as tenements that are part of the Company’s Carawine Project, which are 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 JV Project tenements. Flanagan Bore Drill Program Summary A total of 168 RC drill holes were completed for 5,569m and 13 PQ diamond drill core holes were completed for 477m during December 2021. |
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