ASX-listed graphite production company Sarytogan Graphite (ASX:SGA) reports it has uncovered ‘significant’ extensions to mineralisation following completion of its 2022 diamond drilling (DD) program at its same-name deposit in Central Kazakhstan.
The results, generated by a total of 46 HQ3 diamond drillholes, have intersected thick, ‘high-grade’ graphite mineralisation beyond the defined 209 million tonnes at 28.5% Total Graphitic Carbon (TGC) inferred Mineral Resource Estimate (MRE) at its Sarytogan Graphite Deposit.
‘Significant’ intercepts above 25% TGC include: 22.8m at 26.8% TGC from 2, including 5.3m at 39.2% and 10.1m at 30.6% from 34.3m (ST-84), as well as 47.4m at 33.4% TGC from surface including 14.3m at 37.7% and 21.3m at 31.7% from 57.4m, including 13.7m at 38% (ST-87).
It is reported mineralisation has been extended beyond the existing MRE up to 1,000m southwest of the Northern Graphite Zone (NGZ), 800m southeast of the NGZ, 150m north of the NGZ and 300m north of the Central Graphite Zone (CGZ).
Addressing the extension of mineralisation, Sarytogan Graphite Managing Director Sean Gregory says: “The 2022 drilling program has been completed on schedule and on budget without incident which is testament to the capability of our established in-country team and their long-standing relationships with the local contractors and community. The known thick ‘high-grade’ graphite mineralisation has now been extended up to 1km outside of the existing giant Mineral Resource.
“The known thick ‘high-grade’ graphite mineralisation has now been extended up to 1km outside of the existing giant Mineral Resource”
It truly is an exciting time for the development of Sarytogan with an upgraded Mineral Resource on track for Q1 2023 to inform economic studies.”
The company also notes that 1 final batch of assays are yet to be received from the CGZ, with delivery expected to be in January next year.
In addition, Sarytogan announces that further optimisation of the already ‘exceptional’ early metallurgical results, which returned a purity of 99.87% TGC, is still ongoing at labs in Australia and Germany.
Sarytogan Graphite is a graphite producer that currently owns 100% interest in its same name deposit located in Central Kazakhstan’s Karaganda region. The project is located about 190km from the city of Karaganda and currently boasts an inferred MRE of 209 million tonnes at 28.5% TGC for 60 million tonnes of contained graphite estimated by mining industry consultants CSA Global.
With one final batch of assays from the CGZ yet to be received, Sarytogan Graphite announces that it remains focused on the delivery of a MRE upgrade for Q1 next year.
Images: Sarytogan Graphite Ltd
