- Black Canyon Resources (BCA) identifies intervals of manganese mineralisation at the Flanagan Bore project in the Pilbara region of Western Australia
- As part of a farm-in and joint venture with Carawine Resources (CWA), BCA is undertaking $4 million worth of exploration to earn a 75 per cent interest in the wider project area
- The company completed a reverse circulation program prior to Christmas, and while assays are pending, it reported intersecting extensions to existing mineralisation
- Data from the core is set to be used for beneficiation metallurgical test work to feed into a Scoping Study in early 2022
- Shares were trading 4.2 per cent higher at 25 cents
Black Canyon Resources (BCA) has identified intervals of manganese mineralisation at the Flanagan Bore project in the Pilbara region of Western Australia.
The Australian manganese explorer entered into a farm-in and joint venture with Carawine Resources (CWA) over eight granted tenements in the Oakover project which hosts Flanagan Bore. As part of the requirement to earn up to a 75 per cent interest, BCA needs to spend $4 million on exploration.
Prior to the Christmas break, the company completed a reverse circulation drill program across four targets named LR1, FB3, FB4 and FB1.
While assays are pending, Black Canyon said drilling intersected extensions to the LR1 mineral resource and also uncovered significant intervals of manganese mineralisation at FB3.
Moreover, the company identified intervals it considers...
Read Full Story: https://themarketherald.com.au/black-canyon-resources-asxbca-completes-rc-program-at-jv-flanagan-bore-project-2022-01-04/
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