Highlights
- Induced Polarisation (IP) surveys have been completed at the Fig Tree Project.
- The Dipole-Dipole IP survey (DDIP) survey identified several near-surface targets coincident with outcropping manganese mineralisation, as well as subsurface IP responses interpreted as shallow down dip extensions.
- The Gradient Array IP (GAIP) survey detected multiple chargeability anomalies that require further investigation.
Black Canyon Limited (ASX:BCA) has reported promising results from the IP surveys conducted at the subcropping mineralisation and structural targets at the Fig Tree Project. The surveys focused on hydrothermal manganese mineralisation, which is geologically similar to the nearby Woodie Woodie manganese mine. The Fig Tree Project is part of the Carawine Resources joint venture, in which BCA holds a 75% interest.
A DDIP survey was undertaken to test a 1,400m-long subcropping manganese mineralisation zone along strike from HD1 prospect. Historic RC drilling at the HD1 prospect returned notable results, including 7m at 33.2% Mn from 2m and 3m at 17.0% from surface. This survey identified several near-surface chargeable anomalies that align with outcropping manganese mineralisation, as well as subsurface chargeable anomalies suggesting shallow down-dip extensions.
Additionally, a GAIP survey was conducted along strike of the Woodie Woodie mine to explore potential mineralisation within an interpreted "Woodie" structural corridor. The survey revealed several chargeability anomalies that warrant further investigation.
BCA shares jump
Following the update, BCA’s shares went up by 6.06% to trade at AU$0.070 at the time of writing on 21 August 2024.
