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Bass Metals Ltd.
Summary
| Project: | Graphmada | |
|---|---|---|
| Deposit: | Graphmada | |
| Location: | Madagascar | |
| Commodities: | Graphite | |
| Date: | 9/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-9-2019: Bass Metals Ltd. announces an Exploration/Drilling Update report for its Graphmada deposit at the Graphmada project. Drilling results incl. 25.9m @ 5.0% TGC from 7.6m. Bass Metals Limited (ASX: “BSM”) (“Bass” or the “Company”) is pleased to pro | |
| Resources: | (Resource): 3.5Mt @ 4.2% TGC | |
| CP/QP: | [Overall Report]: Tim McManus (Internal) | |
| ABSTRACT: | Bass Metals Limited (ASX: “BSM”) (“Bass” or the “Company”) is pleased to provide a material update on its exploration activities, furthering a primary objective to increase its resource base at its 100% wholly owned Graphmada Mine Complex, located in Madagascar. The Company 100% owns and operates at the Mahefedok Deposit via exploitation permit number 26670. The permit grants the exclusive rights for 40 years to explore and mine graphitic resources. The graphite mineralization at Mahefedok is hosted in gneissic units, striking north to south and dipping to the west at approx. 40°, with mineralization hosted in regolith (weathered material) and fresh bedrock. The known strike lengths from historical exploration and 2,300 meters of diamond drilling completed in 2017 for the northern, central and southern zones are approximately 500m, 900m, and 400m respectively for a cumulative strike length of approximately 1,800m. Current mining operations at Mahefedok target the first of three zones of mineralization that constitute the existing Mineral Resource of 3.5mt at 4.2% TGC. | |
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