- The Canadian Manganese Company Inc. (CDMN) provided the final drilling results from the recent core drilling program at its Plymouth manganese-iron deposit
- All Plymouth Deposit holes returned long mineralized intervals (94.7 metres to 240 metres) that exceed the current average mineral resource grade of 10.1 per cent manganese
- This grade distribution trend is consistent with results received for adjacent drill holes and increases the Toronto-based company’s confidence in the current Plymouth Deposit geological model
- Canadian Manganese (CDMN) is trading steady at $0.17 a share as of 2:30 pm ET
The Canadian Manganese Company (CDMN) provided final drilling results from its Plymouth manganese-iron deposit’s recent core drilling program.
All Plymouth Deposit holes returned long mineralized intervals (94.7 metres to 240 metres) that exceed the current average mineral resource grade of 10.1 per cent manganese (Mn). Three of the holes (PL22-032, PL22-038 and PL22-040) include substantial sub-intervals (12 metres to 23 metres) of high-grade mineralization ranging between 14.09 per cent Mn and 14.72 per cent Mn.
This grade distribution trend is consistent with results received for adjacent drill holes and increases the Toronto-based company’s confidence in the current Plymouth Deposit geological model.
The company’s President and CEO, Matthew Allas commented that though these results confirm the grades, widths, and near-surface positioning of the mineralization, they also demonstrate resource size, continuity, and growth potential.
“We are currently incorporating these results into an updated Mineral Resource estimate and expect a material positive impact, which will highlight the superior fundamentals of the Plymouth Deposit. Our initial drilling at Hartford shows that manganese-iron mineralization similar to that present in the Plymouth Deposit is well developed in this area and that spatial aspects of mineralization correlate well with corresponding historical records. We at CDMN are excited about the potential for defining new Mineral Resources at Hartford that will expand upon our substantial current inventory at Plymouth. Based on results to date, we believe that the large Woodstock Project land package held by the Company covers a manganese district that is clearly significant on a global scale.”
The Plymouth Deposit is located near the town of Woodstock, in New Brunswick, Canada.
This deposit, the adjacent Hartford exploration area to the northeast, and company exploration holdings to the southwest comprise the “Woodstock Project.”
The Canadian Manganese Company (CDMN) is in the business of mineral development, aiming to become a supplier of high-purity manganese metal products for the rechargeable battery industry.
Canadian Manganese (CDMN) is trading steady at $0.17 a share as of 2:30 pm ET.
