Lamboo encounters encouraging flake graphite

/in /by

THE DRILL SERGEANT: Lamboo Resources (ASX: LMB) has received assay results from an initial 12-hole Phase 1 diamond drilling program completed late last year at the company’s Geumam graphite project in South Korea.

Lamboo said the assay results have confirmed broad zones of flake graphite logged in drill holes at Area B as well as confirming Area C, to the northwest of Area B, comprises a number of steep, easterly dipping graphite units within the metasedimentary host rocks.

 

Geumam graphite project tenure map. The granted Mining Rights with
respect to the mapped graphite schist beds and prospect Areas A, B, C,
D, E, F and G are indicated. Applications for Mining Rights are
indicated by the dark red dashed line. Source: Company announcement

 

The initial Phase 1 Resource drilling program encountered thick intersections of high-grade flake graphite mineralisation in Area B with high-grade intercepts also reported at Area C.

Key intercepts at Area B include:

54 metres at 7.24 per cent total graphite carbon (TGC) from 11 metres in hole GM09;

35m at 10.04 per cent TGC from 10m in hole GM10;

43m at 7.69 per cent TGC from 13m in hole GM11; and

13m at 10.55 per cent TGC from 16m in hole GM12.

“These assay results confirm Lamboo’s South Korean flake graphite assets as having the potential to be a world class deposit with high grade, size and high quality,” Lamboo Resources chief executive officer Richard Trevillion said in the company’s announcement to the Australian Securities Exchange.

“We look forward to the results of Phase 2 and expansion of the resource.

“These exciting thick high grade intersections at Geumam add another dimension to Lamboo’s portfolio as it expands its commercial network in the lead up to production and further development of the company’s differentiated technology focused material offering.”

Lamboo indicated a follow-up Phase 2 drilling program is planned to drill test extensions to Area B and Area C identified during the Phase 1 drilling.

The company explained the focus of this program will be to define the thick high-grade Area B mineralisation to a level of detail whereby an initial Mineral Resource estimate can be supported.

Area C will be the second priority and drill testing of the graphite zone identified at Area E may be undertaken.

Email: info@lambooresources.com.au

Website: www.lambooresources.com.au