Black Canyon (ASX:BCA) reports promising manganese assays from Wandanya; shares jump

October 08, 2024 01:29 PM AEDT | By Sonal Goyal

Black Canyon (ASX:BCA) reports promising manganese assays from Wandanya; shares jump — Image source: Company update

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Highlights

Promising assays from the W2 prospect confirmed high-grade manganese mineralisation.

The stratabound mineralisation indicated significant thickness and grade consistency over 240 metre of drilled strike.

The remaining assay results are expected in mid-November.

Benchtop test planned to beneficiate lower-grade manganese, targeting a productwith 35-40% Mn content.

BCA shares jumped over 14% to AU$0.065 following the positive update.

Black Canyon Limited (ASX:BCA), a manganese exploration and development company, has received promising laboratory results from the reverse circulation (RC) drill program at the W2 prospect, Wandanya.

The maiden drilling campaign has uncovered potential hydrothermal-related stratabound mineralisation, with high-grade manganese assay results confirming the preliminary pXRF results released in September 2024.

Significant results include-

Data source: Company update

The stratabound mineralisation shows impressive thickness and grade consistency across 240 metres of drilled strike and remains open to the north and east, where BCA mapped 1.75km of intermittent high-grade outcropping manganese.

BCA shares jump

Following the update, BCA shares surged over 14% to trade at AU$0.065 apiece at the time of writing on 8 October 2024.

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