Valence Finds New High-grade Graphite Mineralization

Valence Industries Ltd. (ASX:VXL) announced that it has discovered “new and significant high-grade very large flake graphite mineralisation.” It is located in an area on which historical drilling was not completed.

According to the press release, highlights include:

• Significant intersections in the new zone include flake graphite grades of 61.5% graphitic carbon over 2.6 meters. 
• Super jumbo flake sizes in the new zone exceed 4 millimetres (+5 mesh).
• Results from in-fill drilling in the area of known mineralisation also demonstrate significant intersections at very high grades, including 21.7% gC over 16m (MD619).
• The full impact of the discovery has yet to be established but has the potential to significantly enhance the economics of the Uley operation for Valence Industries.

Click here to read the full Valence Industries Ltd. (ASX:VXL) press release.