Continuity of Shallow, High-Grade Mn and Fe Confirmed 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
- 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.
Sentiment
Positive — The announcement reports progress in confirming and extending high-grade mineralisation.
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: 0.00%
- 5 day: -5.00%
- 30 day: -6.25%
Share price data may be delayed.
Mine Brief summaries are generated from company announcements and are provided for general information only. They are not financial advice.