CAY 3.33% 15.5¢ canyon resources limited

Ann: LIDAR Survey Identifies New Bauxite Targets, page-19

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  1. 1,598 Posts.
    lightbulb Created with Sketch. 347
    In two years on the ground, their material output has been:

    - three resource announcements based on the 2009 resource estimated by SRK
    - the drilling of Beatrice, Agnes and Raymonde for the third time not counting the pits excavated in 58-61.
    - a Lidar survey and a new relationship which will allow them to estimate bauxite grades from home by phone

    It's bauxite, not a porphyry copper or huge, disseminated gold deposit. Measured resources at 250m x 250m drilling, not 25 x 25.

    Did those who came before the current team know nothing of bauxite? The 35-year old study considered those plateaux which form the current resource. In that study they drilled more holes and more metres than in 2009 and came up with an estimate which is effectively the same as that of 2009.

    It's grade you want, not tonnes.



 
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