Ann: High Grade Resource at Minim Martap, page-32

Canyon Resources identifies high-grade bauxite trend at Minim Martap project

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16:52 16 Nov 2018
Upcoming drilling at the high-grade targets will aim to define a resource of more than 200 million tonnes at over 50% bauxite.
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Minim Martap is in the Central African nation of Cameroon
Canyon Resources Ltd (ASX:CAY) has identified a cluster of high-grade, low-contaminant bauxite within the existing resource at its Minim Martap Project in Cameroon.Previous drilling across the high-grade bauxite trend’s three identified plateaux defined a resource of 145.1 million tonnes at 49.09% bauxite and 2.35% silica.
Canyon plans to begin drilling this month along the discovered trend, targeting high-grade ore with low-total silica.
READ: Canyon Resources upgrades Minim Martap bauxite resource to JORC 2012 classification

Canyon chief geologist Alexander Shaw said the company had identified the exciting high-grade bauxite trend through detailed analysis of remote sensing imagery and previous drilling and field mapping.
He said: “We have identified three high-grade bauxite plateaux within the corridor and there is significant potential to identify additional high-grade plateaux along this highly-prospective trend.
“We are planning to commence drilling with Canyon’s own drilling rig to test this as soon as possible.
“Drilling will be ongoing for the remainder of the dry season, which in this part of Cameroon, is expected to end in July 2019.”
READ: Canyon Resources upgrades half a billion tonnes of high-grade bauxite resource

The trend is along a northeast to southwest-orientated corridor in the northwestern quadrant of Minim Martap’s licence area.
Canyon believes there is potential for a substantial upgrade to the high-grade portion of Minim Martap’s resource as less than 30% of the bauxite plateaux within the corridor have been tested.
The company is planning a drilling campaign that is designed to produce a bauxite resource of more than 200 million tonnes at greater than 50% bauxite and with very low silica content.
Local community engagement and stakeholder consultation is ongoing, and Canyon is completing an assessment of the project’s infrastructure options and an initial on-ground environmental survey.


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