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Bass Metals Ltd.
Summary
| Project: | Graphmada | |
|---|---|---|
| Deposit: | Mangabe | |
| Location: | Madagascar | |
| Commodities: | Graphite | |
| Date: | 7/16/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 16-7-2020: Bass Metals Ltd. announces an Exploration/Drilling Update report for its Mangabe deposit at the Graphmada project. Drilling results incl. 9.5m @ 4.6% FC. Bass Metals Limited (ASX: BSM) (Bass or the Company) is pleased to announce the discovery | |
| Resources: | (Resources, M+I+I): 14.3Mt @ 4.0% TGC (574kt CG) at Graphmada | |
| CP/QP: | [Overall Report] Tim McManus (Internal) | |
| ABSTRACT: | Bass Metals Limited (ASX: BSM) (Bass or the Company) is pleased to announce the discovery of the Mangabe large flake graphite deposit at its wholly owned Graphmada Mining Complex, located in Eastern Madagascar. Bass recently completed an initial surface exploration program which identified large flake graphite mineralization of at least 4.5km in strike length, between the Mahela and Loharano large flake graphite deposits (the Mineralized Trend). Bass has completed a reconnaissance drilling program consisting of 3 lines of drilling (M01/M02/M03). The program of 56 holes, totaling 539m, was drilled to an average depth of 9.6m (from surface). The results of this initial program identified a large flake graphite zone over approximately 1.1km within the Mineralized Trend, at an approximate width of 180m. The deposit remains open at depth as well as along strike. This discovery is located a short 2km haul to well-established mining and processing infrastructure (Graphmada) that has successfully produced high quality large flake graphite concentrates to specification for sale into established markets throughout India, China, Europe, and the USA. | |
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