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Black Canyon (ASX:BCA) confirms significant manganese discovery at KR1, WA

ASX News, Materials
ASX:BCA      MCAP $5.242M
12 September 2023 13:57 (AEDT)

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Black Canyon (BCA) has received additional drilling assay results from its 7000-metre reverse circulation (RC) drilling program, which covered six key targets within the Balfour Manganese Field in Western Australia.

The program’s results confirm the presence of thick manganese-enriched shale mineralisation and underscore the significance of the company’s primary target, KR1.

Noteworthy results include a three-metre interval starting from the surface, containing 19.2 per cent manganese, and a 15-metre interval, starting from two metres depth, with manganese content at 18.6 per cent.

Additional positive results encompass a 23-metre interval starting from 11 metres, containing 12.2 per cent manganese, including a four-metre interval beginning at 12 metres, with manganese content at 18.4 per cent.

Importantly, these results validate the KR1 manganese discovery’s cross-strike width, which spans from 200 to 500 metres, and its strike extent, measuring at least 600 metres.

The northern extension of this target remains unexplored, stretching for an additional 1600 metres.

Further assay results are anticipated, and the company believes that the overall geology, grade, and thickness resemble the Flanagan Bore mineralisation, where Black Canyon’s FB3 and LR1 deposits yielded 171 million tonnes of 10.3 per cent manganese.

“The results are confirming our expectations of the mineralisation model and we are confident that KR1 and other key targets across the Balfour Manganese Field will help to build Mineral Resources, based on previous discoveries we have made in the region,” BCA Executive Director Brendan Cummins said.

Furthermore, leaching test work has successfully extracted 97 per cent manganese from KR1 material, a critical component of BCA’s high-purity manganese sulphate (HPMSM) variability study.

These results offer potential feedstocks for manganese oxide concentrate used in steel industry alloys and downstream HPMSM production.

The company is eagerly awaiting additional results from other Balfour Manganese targets over the next two months.

BCA shares last traded at 14.5 cents.

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