Kibaran receives confidence boost from Epanko drilling

THE DRILL SERGEANT: Kibaran Resources (ASX: KNL) has released assay results from four Reverse Circulation (RC) drill holes recently-completed at the Epanko prospect within the company’s Mahenge graphite project in Tanzania.

The company said the assay results have confirmed all four holes intercepted additional high-grade graphite intersections.

Noteworthy intersections include:

–    14 metres at 10.2 per cent Total Graphitic Carbon (TGC) from 1 metre within 189 metre at 5.1 per cent TGC from surface (note: 15m to 20m Pending);

–    9m at 10.0 per cent TGC from 11m within 156m at 4.8 per cent TGC from 3m;

–    17m at 7.3 per cent TGC from 81m and 8m at 11.6 per cent TGC from 103m within 144m at 5.1 per cent TGC from 39m; and

–    37m at 7.2 per cent TGC from 107m and 33m at 8.0 per cent TGC from 135m within 164m at 5.1 per cent TGC from 61m.

Kibaran said the new assay results complement data the company has previously reported for the Epanko project area.

 

Epanko prospect – Geological interpretation showing high-grade graphite intersections at surface. Source: Company announcement

 

“The consistency of high-grade assay results confirms the continuity and extent of high-grade graphite mineralisation in the Epanko project area,” Kibaran Resources said in its ASX announcement.

“The mineralisation remains open in all directions.”

Kibaran has commenced a further six hole diamond drilling program , which includes Epanko and the Ndololo prospect.

Three of these holes planned for Epanko have already been completed and assay results are pending.

Kibaran indicated graphite mineralisation has been encountered in all three holes.