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Lincoln Minerals Ltd.
Summary
| Project: | Kookaburra Gully | |
|---|---|---|
| Deposit: | Kookaburra Gully Extended | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 5/23/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-5-2017: Lincoln Minerals Ltd. announces an Exploration/Drilling Update report for its Kookaburra Gully Extended deposit at the Kookaburra Gully project. Drilling results incl. 34m @ 11.51% TGC from 33m. Widespread graphite intersections have been recor | |
| Resources: | (Resource, Total): 2.03Mt @ 15.2% TGC (cut off >5% TGC) at Kookaburra Gully | |
| CP/QP: | [Overall Report]: John Parker, Dwayne Povey (Internal) | |
| ABSTRACT: | Widespread graphite intersections have been recorded by Adelaide-based Lincoln Minerals Limited (ASX:LML) ("Lincoln" or “Company") from the Company’s maiden exploration drilling program at Kookaburra Gully Extended located on South Australia’s Eyre Peninsula. Of the 100 drillholes at Kookaburra Gully Extended, 70 intersected graphite schist over an area of 0.5 square kilometres or 1100 metres in strike length and remains open to the north and south of current drilling extents. Significant potential exists along strike. Lincoln completed a total of 100 shallow aircore and reverse circulation (RC) drillholes over the central Kookaburra Gully Extended (KGE) electromagnetic (EM) anomaly for a total of 5,339 metres in February-March this year. Of the 100 drillholes at KGE, 70 drill holes intersected varying grades and thicknesses of graphite mineralisation. Some 1,547 samples were taken for total graphitic carbon, carbon and sulphur analysis and an additional 150 QA/QC samples. Upon receipt of those results, several mineralised zones have been identified that require further sampling to close off mineralisation before Mineral Resource estimation can commence. Drillhole assay intercepts have been tabulated based upon a nominal 2% and 5% TGC cut-off (see table below). The 2017 drilling at KGE has extended the extent of graphite mineralisation in the immediate region (within a radius of 4 kilometres) of Lincoln’s flagship 100%-owned Kookaburra Gully Graphite Project and Mineral Lease ML 6460 (Figure 1). The total strike length of the combined Kookaburra Gully and KGE EM anomaly is about 8 kilometres but only 1100 metres strike length was drilled at KGE. More potential graphite mineralisation still exists to the north and south of existing drilling. | |
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