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Lincoln Minerals Ltd.
Summary
| Project: | Kookaburra Gully | |
|---|---|---|
| Deposit: | Kookaburra Gully | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 5/22/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-5-2017: Lincoln Minerals Ltd. announces an Exploration/Drilling Update report for its Kookaburra Gully deposit at the Kookaburra Gully project. Drilling results incl. 35m @ 18.3% C from 52m. Further high grade graphite intersections have been recorded | |
| Resources: | ||
| CP/QP: | [Overall Report]: John Parker (Internal) | |
| ABSTRACT: | Further high grade graphite intersections have been recorded by Adelaide-based Lincoln Minerals Limited (ASX:LML) ("Lincoln" or “Company") from ongoing resource definition drilling at the Company’s flagship 100%-owned Kookaburra Gully Graphite Project located on South Australia’s Eyre Peninsula. Analytical results have been validated and are reported here from drilling in 2017, that include high grade zones of mineralisation that may upgrade parts of the Inferred and Indicated Mineral Resource to Indicated and/or Measured Mineral Resource status upon resource estimation being completed. In its ongoing quest to optimise plant design and add value to the project, Lincoln is shipping a bulk ore sample to China for pilot plant test work at a specialised graphite test facility. A Mineral Lease ML 6460 was granted for the Kookaburra Gully Graphite Project in June 2016 and the Company is finalising its Program for Environment Protection and Rehabilitation (PEPR) to enable mine development to commence later this year subject to Government approvals. In January through March this year, Lincoln successfully drilled 5 pilot groundwater wells (388 m aircore), 15 resource definition drill holes within the area of the proposed pit (1,311 m aircore), 3 larger diameter groundwater monitoring wells (312 m RC) and 7 “sterilisation” drill holes (311 m aircore) including 5 to the southwest of the defined Mineral Resource under the footprint of the southern waste rock storage facility (WRSF). | |
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