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Bass Metals Ltd.
Summary
| Project: | Graphmada | |
|---|---|---|
| Deposit: | Mahela | |
| Location: | Madagascar | |
| Commodities: | Graphite | |
| Date: | 12/4/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-12-2019: Bass Metals Ltd. announces a Resource Estimation report for its Mahela deposit at the Graphmada project. Initial mineral resource estimate for the Mahela deposit and Graphmada. Bass Metals Limited (ASX: BSM) (Bass or the Company) is pleased to | |
| Resources: | (Resource, I+I): 4.4Mt @ 3.8% TGC at Mahela | |
| CP/QP: | [Resources]: Tim McManus (Internal) | |
| ABSTRACT: | Bass Metals Limited (ASX: BSM) (Bass or the Company) is pleased to announce a maiden Mineral Resource for its Mahela deposit, as it continues to materially build its resource base and strengthen its established platform for large scale mining and processing at its 100% wholly owned Graphmada Mine Complex. Bass Metals is pleased to provide a maiden Mineral Resource estimate for the for the Mahela deposit, a large flake graphite deposit within the Graphmada Mining Complex. The estimate, reported in accordance with the JORC Code (2012), furthers Bass’ ambitions to develop large scale mining and processing operations at the Graphmada Mining Complex and to ultimately support downstream purification and specialty carbon product manufacturing. 3,314 samples from 85 auger holes (749 meters drilled) and 47 diamond holes (2,001 meters drilled), completed earlier this year, were used to estimate the Mineral Resource for Mahela, which remains open in all directions and to depth and will require further drill testing for extensions in 2020. | |
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