CAY 8.20% 16.5¢ canyon resources limited

From an August Small Caps article...maybe posted before but very...

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    From an August Small Caps article...maybe posted before but very clear about the potential we are sitting on..well "potential" may now be redundant.

    .https://smallcaps.com.au/canyon-resources-go-ahead-cameroon-bauxite-project/



    "In 2009, the previous owner of the project reported a JORC Code (2004) compliant resource of 550 million tonnes at an average grade of
    45.5% total bauxite and total 2.06% silicon dioxide.This consisted of an Indicated resource of 88Mt averaging 41.8%
    bauxite and 1.3% silicon dioxide from the Ngaoundal permit and Inferred resource of 466Mt averaging 46.2% bauxite and 2.2% silicon dioxide from the Minim Martap permits.What is of particular interest is the previous drilling only took place on around 40% of the suitable bauxite plateaux.
    In Canyon’s view, the Minim Martap deposit offers the potential to significantly increase the total tonnage defined and to identify
    substantial very high grade, low impurity zones within the deposit."
 
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