Drilling Confirms High-Grade Manganese and Iron at Wandanya
Summary
Black Canyon Limited has announced the results of resource definition drilling at its Wandanya Project, confirming high-grade manganese and iron mineralisation. The drilling has extended the mineralised footprint 300m north and increased cross-strike widths to 800m. The company continues to explore the potential of the 9km mineralised system.
Investor Highlights
Extracted from the company announcement. This is not financial advice.
- New drill results from Wandanya Project.
- Mineralisation extended 300m north.
- Cross-strike widths increased to 800m.
- 156 holes drilled totalling 3,611m.
- Drill density reduced to 50 x 50m grid pattern.
Key Points
- Drilling confirms high-grade manganese and iron at Wandanya.
- Mineralisation extended 300m north and cross-strike widths increased to 800m.
- Ongoing drilling to explore the 9km mineralised system.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Technical — The announcement includes detailed drilling results and technical mineralisation data.
Share Price Reaction
Following the announcement, the share price moved from $0.4000 to $0.3800 over five trading days, representing a decreased of 5.0%.
- Price at announcement: $0.4000
- 1 day change: 0.00%
- 5 day change: -5.00%
- 30 day change: -6.25%
Share price data may be delayed.
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Mine Brief summaries are generated from company announcements and are provided for general information only. They are not financial advice. Investors should refer to the original announcements and seek professional advice where appropriate.
