Kibaran Resources Ltd. (ASX:KNL) announced the final set of assay results from a reverse-circulation drill program at the Epanko deposit, which is located at its Tanzania-based Mahenge graphite project.
As quoted in the press release:
All drill holes again intersected high-grade, premium large flake graphite mineralisation, with the majority encountering graphite mineralisation from surface to the end of hole. The latest results complement earlier assays that delivered significant intersections and high-grade graphite with intersected grades as high as 20.1% Total Graphitic Carbon (TGC). The drill programme doubled the strike length of Epanko graphite mineralisation to more than one kilometre providing significant upside potential to the size of the deposit.
An upgrade of the existing JORC Inferred Mineral Resource [14.9Mt at 10.5% Total Graphitic Carbon (TGC) for 1,560,000t of contained graphite] to an Indicated/Measured category is underway.
Standout RC drill results include:
- 30m at 8.2% TGC from 8m (MHRC062), including 8m at 12.2% TGC
- 54m at 8.6% TGC from 9m (MHRC063), including 19m at 10.4% TGC
- 53m at 14.0% TGC from 15m (MHRC064)
Investing in graphite? Eagle Graphite Incorporated (TSXV:EGA) owns one of only two natural flake graphite production facilities in North America. Eagle Graphite recently achieved 99.995% purity from flake graphite produced from the processing plant of the Black Crystal project in BC.
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