Lamboo drilling extends flake graphite schist horizon

THE DRILL SERGEANT: Recent drilling conducted by Lamboo Resources (ASX:LMB) has extended the flake graphite schist horizon at the company’s 100 per cent-owned McIntosh graphite project north of Halls Creek in the East Kimberley region of Western Australia.

The company has now completed 30 RC drill holes at target 2, which it said has confirmed the consistency of the flake graphite schist horizon.

 

Target 2 RC drilling completed to date. Source: Company announcement

 

“RC drilling has successfully delineated the flake graphitic schist horizon over a strike length of 1200 metres at Target 2,” Lamboo Resources said in its ASX announcement.

“The drill hole depths are consistent with previous guidance and intersect flake graphite.

“The graphitic schist horizon remains open along strike and at depth in all 30 holes.”

Thirty drill holes of the planned program have been completed and samples are currently being analysed.

According to Lamboo all drill holes have intersected flake graphite.

The company will commence drilling Target 1 shortly and has planned at least 60 drill holes over an anticipated three kilometre strike length of this graphite schist horizon representing part of the interpreted 10 km extent of the unit within the tenements.

Additional graphitic schist targets at Targets 5 and 6 have been assessed.

Lamboo has drilling scheduled to be carried out at these targets for this calendar year.

The McIntosh flake graphite tenements cover an area of 330 square kilometres.

Lamboo said the tenements contain significant flake graphite mineralisation.