BlackEarth Minerals (ASX: BEM) has announced that a recently-completed diamond drilling campaign at the Razafy Northwest deposit within its ‘flagship’ Maniry Graphite Project has verified continuity of graphite mineralisation along strike, and successfully explored for depth extensions.
This completed program is expected to provide further medium to high-grade material to the company’s stated Inventory Resource, which will be included in a soon to be released Definitive Feasibility Study.
Speaking on the results, BlackEarth Managing Director Tom Revy said: “We are particularly pleased that the drilling has largely confirmed the continuity of graphite mineralisation along strike and at depth and we look forward to seeing the assay results shortly.
“We are particularly pleased that the drilling has largely confirmed the continuity of graphite mineralisation along strike and at depth”
Every new tonne of high-grade material we add to our Mineral inventory from Razafy NW has the potential to increase Project value for our shareholders and we look forward to informing the market about this in our soon to be published DFS.”
This recently-completed drill campaign, comprising 28 diamond holes, was conducted following delivery of the Rafazy Northwest Mineral Resource Estimate.
The 100%-owned Maniry Graphite Project is located in Southern Madagascar, and includes an Inferred Mineral Resource Estimate of 12.2Mt @ 6.05% Graphitic Carbon.
Moving forward, BlackEarth reports that it will commence surface trenching on the western end of the drill lines while assay results are pending.
Images: BlackEarth Minerals NL
