Uranex Ltd. (ASX:UNX) announced that it has made good progress on the resource drilling program at its Tanzania-based Nachu graphite project, also noting that “significant” graphite intercepts continue.
To date, 55 drill holes have been completed for a total of 6,480 meters drilled.
- Block F graphitic schist intercepts continue to impress with largest consecutive graphite intercept of 125m starting at 1m in drill hole NARC095
- 105m consecutive intercept starting at surface in drill hole NARC091
- Resource will focus around shallow visually higher grade mineralisation in Blocks B, D, F and J
- Assays expected in coming weeks
Rod Chittenden, CEO of Uranex, commented:
Despite a slow start to our drilling campaign, we have recovered really well and we are seeing some exciting results. Today’s announcement highlights our longest continuous intercepts of graphite. With mineralisation beginning at or near surface Nachu is showing all the signs of a world class deposit. We look forward to further observations and assays in the coming weeks as we work towards our maiden JORC resource.