06 MAY 2014www.africanmining.com
Canyon Resources releases quarterly activities report
Edited by : AL CIRCLE
1 min read
Canyon Resources has released an activities report for the quarter ended 31 March 2014.
Clearing work began on the Birsok Bauxite project, in Cameroon, to prepare for the first phase drilling programme. 90% of the rock chip samples taken from the project area have returned over 50% aluminium oxide with an average of 2.2% silicon dioxide.
A reverse circulation drilling programme was initiated on the Karga prospect of the company’s Taparko North project, in Burkina Faso. The programme aimed to test high priority electromagnetic targets for the possibility of volcanic massive sulphide style base metal mineralisation.
During the period, David Netherway was appointed to the Board of Directors. Netherway has over 35 years experience as a mining engineer. He has previously served as the Chief Executive Officer of Shield Mining Limited and as the Chairman of Affero Mining Incorporated.
The company further reports having raised a total of AUD1.15 million, during the period, through an Entitlement Issue and Shortfall Placement.
Canyon Resources is an ASX-listed, exploration and development company with operations in Burkino Faso and Cameroon.
Clearing work began on the Birsok Bauxite project, in Cameroon, to prepare for the first phase drilling programme. 90% of the rock chip samples taken from the project area have returned over 50% aluminium oxide with an average of 2.2% silicon dioxide.
A reverse circulation drilling programme was initiated on the Karga prospect of the company’s Taparko North project, in Burkina Faso. The programme aimed to test high priority electromagnetic targets for the possibility of volcanic massive sulphide style base metal mineralisation.
During the period, David Netherway was appointed to the Board of Directors. Netherway has over 35 years experience as a mining engineer. He has previously served as the Chief Executive Officer of Shield Mining Limited and as the Chairman of Affero Mining Incorporated.
The company further reports having raised a total of AUD1.15 million, during the period, through an Entitlement Issue and Shortfall Placement.
Canyon Resources is an ASX-listed, exploration and development company with operations in Burkino Faso and Cameroon.
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