Search

BlackEarth graphite strike now over 1.2km

ASX listed graphite flake hopeful BlackEarth Minerals has now delineated shallow, thick, high grade mineralisation over at least 1.2km of strike in two separate lenses at its emerging Razafy prospect in southern Madagascar.

Step-out diamond drilling to the southeast of the previous resource drilling produced some serious results including a 35.7 metre intersection grading 7.6% total graphitic carbon from just 10.1 metres down-hole, including 10m at just over 10% TGC from just 20m deep.

Another result 30m down-dip from the first intersection produced 48.35m @ 6.4% TGC from 48.75m down-hole, showing the great consistency in grade and thickness of the mineralisation.

To the northwest of the initial resource drilling, good results were also returned from both subparallel graphite lenses, including 26.95m @ 7.5% TGC from 26.2m down-hole including 9.3m @ 10% TGC from 30m deep and 17.28m @ 6.4% TGC from 17.9m down-hole.

The new assays will no doubt create a sense of anticipation around BlackEarths impending resource announcement, expected in just weeks.

Managing Director, Tom Revy said: “These final results for Razafy re-affirm the Board’s confidence in confirming a sizable, high quality resource to be defined in the Maniry Graphite Project.”

“Our first six months in Madagascar has been extremely positive in terms of work completed and outcomes. While initial exploration and mineralogical results have exceeded our expectations, we also need to remember that we have only scratched the surface of this large graphitic system.”

The company also reported maiden drilling results from its Razafy East prospect this week, which is subparallel and 450m to the northeast of the main Razafy prospect lenses.

Results from Razafy East, whilst narrower, nonetheless produced consistent results of 12.51m @ 7.1% TGC from 40.5m down-hole and 14.23m@ 6.6% TGC from 22.15m down-hole in separate holes that were drilled 100m apart.

BlackEarth also reported that its 2,000m resource definition program at the Haja prospect, 2km to the south of Razafy, was already 80% complete, with results pending and a maiden resource due in the December quarter this year.

Previous drilling at the Haja prospect identified extensive thicknesses of graphite mineralisation up to 70m grading 5.3% TGC.

The results released this week by BlackEarth continue to underwrite the coherent shallow, strike and down-dip regularity of the Razafy graphite lenses, which ticks all the boxes for the potential economic viability of the greater Maniry project area.

Company management and shareholders alike will be very keen to absorb what BlackEarth has managed to achieve in such a short time in Madagascar, when the maiden resource numbers hit the streets shortly.

Add your comment

BNIQ sponsored byLPC cresa

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BNiQ Disclaimer