Blencowe Resources PLC (LSE:BRES) has released the results of drilling at the Camp Lode deposit on the Orom-Cross graphite project in Uganda.
Among the highlights were 11 metres at 9.73% total contained graphite, five metres at 10.30% TGC, and 14 metres at 11.81% TGC.
These results will form part of an updated JORC resource estimate scheduled for late February 2022
The results come from the weathered, close-to or at-surface zone of the Camp Lode deposit.
Meanwhile, Blencowe continues to receive the sample assays for the additional 24 diamond drill hole program undertaken on the Northern Syncline Lode.
The holes to date have returned visible grade graphite. This may present Blencowe with a high-grade ore for initial mining which could have significant advantages to both mining costs and product quality. Subsequent logging by company geologists has also identified zones of large to jumbo flakes in the core.
"We have always believed that Camp Lode offered us a very valuable source of graphite to mine in the initial phase of development,” said Blencowe’s executive chairman Cameron Pearce.
“The latest drill results at Camp Lode will allows us to add new high grade resources to the wider project. We are finalising resource estimation work at the Northern Syncline and look forward to releasing the updated JORC Resource for the Orom-Cross project.”