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Bass Metals Ltd.
Summary
| Project: | Graphmada | |
|---|---|---|
| Deposit: | Mahela | |
| Location: | Madagascar | |
| Commodities: | Graphite | |
| Date: | 7/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 10-7-2018: Bass Metals Ltd. announces an Exploration/Drilling Update report for its Mahela deposit at the Graphmada project. Drilling results incl. 9.50m @ 5.55% Fixed Carbon from 0m. Bass Metals Limited (ASX: “BSM”) (the “Company”) is pleased to announce | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Tim McManus (Internal) | |
| ABSTRACT: | Bass Metals Limited (ASX: “BSM”) (the “Company”) is pleased to announce that it has successfully completed a maiden auger program at its brownfields prospect; Mahela. The Board of Bass has now approved a diamond drilling program with the aim of estimating a maiden Mineral Resource for the Mahela prospect, which is adjacent to the Mahefedok Mineral Resource and in direct proximity of the Company’s 100% owned, debt free, Graphmada largeflake graphite mine. The Mahela prospect is located 3.5 kilometres south of the recently refurbished Graphmada Process Plant and associated infrastructure. The mineralised footprint is two to three times that of the Loharano Deposit and is immediately adjacent to the M ahefedok Deposit, the Company’s primary graphite asset. In total, 41 auger holes for a total of 338m drilled were completed, to an average depth of 8m. Samples were prepared, split and analysed by Bass Metals’ Graphmada Mine laboratory facility for Fixed Carbon (FC) using the Muffle Furnace method, with results returning weighted averages up to 5.12 %Fixed Carbon (FC) over 12.5m, including 7.37 %FC over 5.0 m (see Table 1) | |
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