CAY 8.20% 16.5¢ canyon resources limited

Ann: Canyon commences drilling at Minim Martap, page-61

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  1. 7,938 Posts.
    lightbulb Created with Sketch. 1610
    The dot points from the 19th of December 2018 ASX announcement.

    HIGHLIGHTS:
    • Initial drilling and exploration program underway at Minim
    Martap Project, Cameroon

    • Drilling targeting very-high grade plateaux within the
    existing bauxite resource

    • Early drill holes have produced significantly thicker bauxite
    profiles than previous results

    • Canyon has identified new, large and previously untested
    bauxite plateaux for future drilling programs

    Initial reconnaissance on untested plateaux identifies
    significant bauxite profiles containing abundant visible
    gibbsite

    • Airborne LIDAR survey completed to identify additional drill
    targets

    • Canyon Board members & advisor Tolga Kumova visited
    the Project and reviewed 2019 exploration strategy


    So my guess is a further 3 or 4 weeks to allow for Xmas break at the labs then we should start to see a flow of results. I imagine ongoing releases through to the end of quarter and PFS.

    PS Some in here appear not to understand that 'plateaux' is plural of 'plateau'.

    So
    Initial reconnaissance on untested plateaux identifies
    significant bauxite profiles containing abundant visible
    gibbsite

    for me indicates significant upside over this quarter as the "... initial reconnaissance exploration has identified many new zones of bauxite with a high level of visible gibbsite. These new areas will be a high priority for future drilling and exploration."
 
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