Syrah intersects graphite from go to whoa at Balama

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THE DRILL SERGEANT: Syrah Resources has intersected graphite mineralisation along the entire length of the second (BMDD0002) and third (BMDD0003) holes drilled at the company’s 100 per cent-owned Balama graphite project in Mozambique.

The two holes have behaved similarly to the first hole (BMDD0001) drilled in the current campaign with graphite mineralisation starting at surface and ending in mineralisation.

 

Locations of drill holes BMDD0001 – BMDD0004. Source: Company announcement

 

BMDD0002 intersected 251.5 metres of graphite mineralisation and was drilled 100m to the northwest of BMDD0001.

After visual inspection of the core and logging, Syrah said graphite content of BMDD0002 appears to be similar to that encountered in BMDD0001 and Trench T5, which averaged 12.7 per cent total graphitic carbon (TGC) along its entire length.

The graphite flakes appear to be predominately coarse to very coarse in size.
Drill hole BMDD0003 intersected 287.5m of graphite mineralisation and was drilled 100m along strike of BMDD001.

Syrah said visual inspection of the core demonstrated the graphite grade appears to be noticeably higher grade than BMDD0001.

“This is the first drilling ever conducted on the Balama graphite deposit,” Syrah Resources said in its ASX announcement.

“The initial holes are designed to test continuity and consistency of the graphite mineralisation in this western section of the Balama graphite deposit.

“Although there are variations in grade and flake size, the mineral assemblage is consistent with mostly graphite and quartz along with some green accessory minerals thought to be pyroxenes and amphiboles.

“It is likely that we will be able to step out the holes to 200 metres as drilling progresses.

“Should this be the case, it will mean that we can calculate an initial resource sooner than anticipated.”

Drilling of hole BMDD0004 has commenced and Syrah said it anticipates most of the holes in the drill program currently underway on this first western area will start and end in mineralisation.