The Conversation (0)
Energizer Resources (TSX:EGZ,OTCBB:ENZR,FWB:YE5) announced the results of the mineral resource estimate for its Molo graphite deposit, located in Madagascar: indicated resource of 84.04 Million tonnes (Mt) grading 6.36% C, above a 2% C cut-off grade; and inferred resource of 40.34Mt grading 6.29% C, above a 2% C cut-off grade.
As quoted in the press release:
- All grades are reported as percentage carbon (%C).
- Indicated resources totalling 84.04 Million tonnes (Mt) grading 6.36% C, above a 2% C cut-off grade.
- Inferred resources totalling 40.34Mt grading 6.29% C, above a 2% C cut-off grade. Mineralised zones in the resource estimation, start from the surface and continue to a maximum depth of 385 metres, with a total extension of 1630 metres. The zones remain open along strike and at depth.
- Two ‘High Grade’ zones occur on the western and eastern flanks of the Molo deposit, with a combined total Indicated resource of 60.17 Mt, grading 8.1% C, above a 4% C cut-off grade.
- Values displayed in the table are undiluted and “in-situ” as no economic parameters, such as mining, milling or metallurgy recovery have been applied to the values. As such, economic viability is yet to be established.
Click here to read the Energizer Resources (TSX:EGZ,OTCBB:ENZR,FWB:YE5) press release
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