Canyon Resources Completes Drilling Program at Cameroon Project; Shares Rise to Near Five-Year High

MT Newswires Live

2024/11/20

Canyon Resources (ASX:CAY) completed a reverse circulation and diamond drilling program on the Minim Martap, Makan, and Ngaoundal tenements in Cameroon, according to a Wednesday filing with the Australian bourse.

The company plans to release assay results and complete an updated JORC-compliant mineral resource estimate by the first half of 2025, the filing said.

Shares rose 3% in afternoon trade Wednesday and earlier hit their highest since December 2019.

Price (AUD): $0.17, Change: $+0.01, Percent Change: +3.03%

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