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- Black Canyon’s (BCA) latest drill results from its Flanagan Bore project in Western Australia indicate an extension to its recent manganese discovery
- Earlier this month, the company announced it had discovered thick, shallow manganese-enriched shales at its FB3 prospect
- Now, assays from drilling completed at the FB5 prospect confirm the mineralisation is likely to extend along strike for several kilometres to the south-west of this discovery
- Mineral resource estimates are said to be progressing well, with a maiden estimate for the FB3 discovery and an expanded estimate for LR1 on track for delivery early next month
- Company shares were trading 6.9 per cent higher at 31 cents
Black Canyon’s (BCA) latest drill results from its Flanagan Bore project in Western Australia’s Pilbara region indicate an extension to its recent manganese discovery.
The company completed its reverse circulation drilling program at the end of last year and has now received all assay results.
A total of 168 reverse circulation drill holes were completed for 5,569 metres, and 13 diamond drill core holes were completed for 477m.
Earlier this month, the company announced it had discovered thick, shallow manganese-enriched shales at its FB3 prospect.
Now, drilling completed at the FB5 prospect has confirmed the manganese enriched shales are likely to extend along strike for several kilometres to the south-west of this discovery.
Results from FB1 encountered significant shallow high grade manganese intervals, including 15m at 11.1 per cent manganese from 15m, and 11m at 10.2 per cent manganese from surface.
Following compilation of all the results, Black Canyon Executive Director Brendan Cummins said the regional drill targets outside of the growing LR1 and emerging FB3 deposits provide further upside to the Flanagan Bore project.
“The company’s first drilling program has been very successful in discovering more manganese with the potential to deliver additional mineral resources at Flanagan Bore,” Mr Cummins said.
“We believe this is just the beginning, with several kilometres of mapped but untested manganese enriched shale providing targets for future exploration drill programs.”
The company said mineral resource estimates are progressing well, with a maiden estimate for the FB3 discovery and an expanded estimate for LR1 on track for delivery early next month.
Metallurgical test work is also continuing, with the preparation of drill core composites for ore sorting trials underway, and completion expected in May.
Located 120km north-east of Newman, Flanagan Bore holds tenements owned 100 per cent by Black Canyon as well as tenements that are part of the company’s Carawine project, which are subject to a farm-in and joint venture agreement with Carawine Resources (CWX).
Black Canyon shares were trading 6.9 per cent higher at 31 cents at 3:32pm AEDT.
