THE DRILL SERGEANT: BlackEarth Minerals (ASX: BEM) reported new assay results for the company’s Maniry graphite project in southern Madagascar.
BlackEarth Minerals said high-grade assay results have extended on recently announced high-grade intersections at Razafy Northwest area within the project.
The previously reported intersections have now been extended and include:
32.7 metres at 16.3 per cent total graphitic carbon (TGC) (from 5m), including 15.3m at 25.2 per cent TGC;
39.9m at 9.4 per cent TGC (from 3m) including 16m at 14.12 per cent TGC;
38.2m at 11.9 per cent TGC (from surface); and
25.8m at 12.9 per cent TGC (from 17m).
BlackEarth indicated that final results from the Razafy Northwest drilling campaign are expected to be announced early October.
The results will be used to update the company’s Resource inventory, which is anticipated to be released to the market in Q4, 2021.
“These latest results demonstrate the enormous potential value that exists in the northwest area,” BlackEarth Minerals managing director Tom Revy said in the company’s ASX announcement.
“The increased widths, continuity of high grade and metallurgical results show that the Maniry deposit (which includes the Razafy and Razafy NW areas) is comparable to the best projects in the world.
“Given the project’s sensitivity to feed grade, the results attained to date from the Razafy Northwest area, have the potential to significantly enhance our total project economics.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE