Blencowe Resources PLC (LSE:BRES) has revealed further high grade graphite assay results from drilling that took place at its Orom-Cross graphite project in Uganda in the second half of 2021.
Among the highlights from the Northern Syncline Lode were 11 metres at 9.01% total graphitic content, 10 metres at 11.00% TGC, 12 metres at 10.91%TGC and 17 metres at 8.97% TGC.
All intercepts were at or near surface.
These results will go towards strengthening an upcoming JORC resource update and reserve determination for the Northern Syncline Lode, scheduled for release in late February.
The drilling targeted mainly infill zones the weathered zone of the Northern Syncline deposit, and was planned so as to provide a basis for upgrades in resource classification as well as extensions to existing high-grade oxide mineralisation.
The intercepts confirm existing geological interpretations as well as grade continuity over the strike length of the Northern Syncline in a similar way to the recent Camp Lode results.
All the holes to date have returned visible grade graphite over the majority of 30m of intersection, with weathering extending to within five metres of the base of the holes in most cases. This may present Blencowe with further high-grade ore for initial mining which could have significant advantages to both mining costs and product quality.
Subsequent logging by the Blencowe’s geologists has identified zones of large to jumbo flakes in the core.
"Our drilling campaign for 2021 has returned very positive high grade results for both the Northern Syncline and Camp Lode deposits, which will assist Blencowe to complete a revised JORC resource estimate in the next few weeks,” said Blencowe’s executive chairman Cameron Pearce.
“We are also pleased to see options emerging for higher grade early stage mining which will positively impact operational costs. We are largely completed in terms of drilling at Orom-Cross and we do not require any further major campaigns in order to commence mining ahead."