| Announcement Date: | 2022-10-25 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Black Canyon Ltd. |
| Project name: | Flanagan Bore |
| Location: | Australia |
| Commodities: | Manganese |
| Highlight: | Drilling results incl. 42m at 11.9% Mn from 1m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Australian manganese explorer, Black Canyon Limited (Black Canyon or the Company) (ASX:BCA), is pleased to announce the results from the recent reverse circulation (RC) drill program at the Flanagan Bore Manganese Project. Systematic drilling along a 2,000m long target located between the FB3 and LR1 deposits discovered significant zones of manganese mineralisation. The higher-grade manganese enriched shale mineralisation shows similar key characteristics to the FB3 and LR1 deposits with strong grade and geological continuity (Figure 1). With receipt of these latest drill results, there is high potential to expand the global Mineral Resource Estimate (MRE) at Flanagan Bore beyond the current 104Mt @ 10.5% Mn (Indicated) containing 11Mt of manganese (refer to ASX Announcement 13 April 2022 for further details). Located 120km north-east of Newman, Flanagan Bore is part of the Company’s Carawine JV and is subject to a farm-in and joint venture agreement with Carawine Resources Ltd (ASX:CWX). Having earned a 51% interest, Black Canyon is now earning up to 75% in the Carawine Project tenements by sole-funding an additional $2.5m of exploration expenditure. |
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