Bora Bora Resources extends Kahatagaha graphite anomaly
THE DRILL SERGEANT: Bora Bora Resources (ASX: BBR) has received initial results from a recently conducted Airborne VTEM survey over the company’s granted exploration licences in central Sri Lanka.
The survey flew over the company’s Matale graphite project, which is located adjacent to the historic Kahatagaha graphite mine.
The company claims the VTEM results have identified a clear late time electromagnetic anomaly, which correlates with the exact position of the operating Kahatagaha graphite mine.
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Location of anomaly over Kahatagaha graphite mine relative to Matale graphite project tenements. Source: Company announcement
Bora Bora considers an obvious source of the anomaly to be conductive graphite at depth with the company’s initial interpretation and modelling indicating a depth of 50 metres to 150 metres to the top of the conductive body.
The VTEM also shows the anomaly extending onto the company’s granted exploration licences.
Bora Bora said the results have confirmed the VTEM anomaly, most probably caused by extensions of the Kahatagaha Mine’s graphite mineralisation, extends into the company’s Matale graphite project.
The company also believes the results indicate potential for high-grade graphite mineralisation extensions onto the Matale Licenses, similar to that found at Kahatagaha where grades exceed 90 per cent total graphitic carbon (TGC).
“These results suggest a strong potential for the Kahatagaha style, high-grade graphite mineralisation to extend into the company’s Matale tenements,” Bora Bora Resources executive director Chris Cowan said in the company’s announcement to the Australian Securities Exchange.
“It is also pleasing to have confirmed that the VTEM system has been highly successful in isolating the high-grade graphite mineralisation unique to Sri Lanka from its host rock.
“This gives me great confidence that Bora Bora Resources will be able to achieve further exciting results and continue to identify any additional major anomalies to target for on-ground follow up when the remainder of the VTEM datasets has been interpreted.”
Email: info@boraboraresources.com.au
Website: www.boraboraresources.com.au