Lamboo encounters new graphite zones at McIntosh

THE DRILL SERGEANT: Lamboo Resources (ASX: LMB) recently completed RC drilling on Targets 5 and 6 at the company’s McIntosh graphite project in Western Australia, which intersected new wide zones of flake graphite mineralisation.

Lamboo has received assay results for Target 6 (T6) intersections returning an average of 10 per cent Total Carbon (TC) and up to 16.7 per cent TC.

The company claims geological mapping has confirmed 100 metre-wide graphitic schist units at Target 6.

 

Project location map. Source: Company announcement

 

“These results confirm the potential of Target 6 to significantly increase the global flake graphite resource at McIntosh,” McIntosh project technical director Dr Craig Rugless said in Lamboo’s announcement to the Australian Securities Exchange.

“Previously announced metallurgical studies indicate that Targets 5 and 6 can produce high purity flake graphite that is consistent with the requirements of our MoU partners, China Sciences Hengda Graphite Co Ltd.”

Lamboo explained the southern extension of Target 6 has been shown to contain the widest intercepts of flake graphite at the McIntosh project.

Two drill holes have been drilled to date in the southern extension achieving flake graphite schist intercepts of 114m from the surface in drill hole T6GRC 159 and 146m from 15m in drill hole T6GRC161.

The stratigraphic dips indicate the true thickness of the flake graphitic unit will be in the order of 80 to 100m.

RC drilling has also been completed at Target 5, which Lamboo said has confirmed downhole intercepts varying from 10m to 122m over a strike length of 1,000m.

Multiple flake graphite intercepts are present in a number of drill holes.

Email: info@lambooresources.com.au

Website: www.lambooresources.com.au