Highlights
- Reverse Circulation (RC) drill campaign has been concluded at the W2 and KR2 prospects.
- Drilling at the W2 prospect, Wandanya, intersected high-grade manganese, with pXRF analysis indicating grades ranging from 15 to 55% Mn.
- Laboratory-based manganese assays will confirm the pXRF results, with assay results anticipated in mid-October.
- Remaining assays from W2 and KR2 are expected by mid-November.
Black Canyon Limited (ASX:BCA) has completed its W2 and KR2 reverse circulation (RC) drilling campaign. At the W2 prospect, Wandanya, the maiden drilling program identified potential hydrothermal-related stratabound mineralisation, with pXRF analysis revealing high-grade manganese levels ranging from 15% to 55%.
The pXRF samples from W2 are being analysed by Bureau Veritas (using standard fusion XRF methods) to confirm the pXRF results, with findings anticipated by mid-OctoberAdditionally, the remaining RC assays from both W2 and KR2 are expected to be released by mid-November.
BCA shares jump
Following this update, BCA shares jumped 15.52% to trade at AU$0.067 apiece at the time of writing on 27 September 2024.