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Black Rock Mining Ltd.
Summary
| Project: | Mahenge | |
|---|---|---|
| Deposit: | Cascades | |
| Location: | Tanzania | |
| Commodities: | Graphite | |
| Date: | 10/12/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 12-10-2016: Black Rock Mining Ltd. announces an Exploration/Drilling Update report for its Cascades deposit at the Mahenge project. Drilling results incl. 146m @ 9.2% TGC from 0m. Black Rock Mining Limited (ASX.BKT) (“Black Rock Mining” or “the Company”) | |
| Resources: | (Resource, Total): 12.3Mt @ 9.5% TGC for 1.2Mt TGC at Cascades | |
| CP/QP: | [Overall Report]: Steven Tambanis (Internal) | |
| ABSTRACT: | Black Rock Mining Limited (ASX.BKT) (“Black Rock Mining” or “the Company”) is pleased to provide an update on the Cascades infill drilling programme at its Mahenge Project. Assay results from the first 30 drill holes are returning higher overall grades than Ulanzi with the potential to yield zones of 12-14% mineralisation for early years of mining. Drilling continues to confirm broad zones of outcropping mineralisation up to 150m across strike with coarser overall flake sizes than at Ulanzi and a significantly deeper weathered or oxidized profile in the central portion. Drilling is demonstrating good potential to significantly increase the 12.3mt Inferred Cascades Mineral Resource announced in February this year as well as deliver higher category (Measured and Indicated) Mineral Resources. Managing Director Steven Tambanis commented: “Assay results from 30 holes received to date reinforce the potential for Cascades to deliver higher grade starter pits for the initial years of mining. We are delighted to see the widest and highest grade results to date from our two year programme. Highly encouraging initial metallurgical results add to the potential of Cascades to augment the Mahenge mine development, although this will be subject to confirmation that both the Cascades oxide and primary zones are capable of producing high grade concentrates. This testing is underway.” Cascades drilling commenced in mid July 2016 with 45 RC and 6 diamond holes drilled to date. Assay results have been received for the first 30 reverse circulation (RC) holes and DD25 as summarized in Table 1. The broad zones of mineralisation intersected are highly encouraging, particularly the consistent higher grade intervals from 10%- 16% TGC. | |
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