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Metals Australia Ltd.
Summary
| Project: | Lac Rainy | |
|---|---|---|
| Deposit: | Lac Rainy | |
| Location: | Canada | |
| Commodities: | Graphite | |
| Date: | 8/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-8-2019: Metals Australia Ltd. announces an Exploration/Drilling Update report for its Lac Rainy deposit at the Lac Rainy project. Drilling results incl. 23.0m @ 11.0% Cg from 139.0m. Metals Australia Ltd (ASX: MLS) is pleased to announce the assay resu | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jean-Paul Barrette (Magnor Exploration Inc.) | |
| ABSTRACT: | Metals Australia Ltd (ASX: MLS) is pleased to announce the assay results received for a further four (4) holes of the seventeen (17) hole diamond drilling program completed at the Company’s 100%-owned Lac Rainy Graphite Project, located in Quebec, Canada. To date the Company has announced the assay results of eight (8) holes and the Company is still awaiting the assay results for a further five (5) holes (refer to ASX announcement dated 3 July 2019 and titled “Exceptionally Wide High-Grade Graphite Zones Intersected” and ASX announcement dated 6 August 2019 and titled “Additional Wide Graphite Zones Intersected at Lac Rainy”). The diamond drilling at the Lac Rainy Project has intersected multiple wide zones of high-grade graphite, near surface. Graphite mineralisation has been encountered in every drill hole reported. The maps below illustrate the drill hole locations from the program at the Lac Carheil prospect within the Lac Rainy Project (Figure 1) and for the North West part of the Carheil Graphitic trend (Figure 2). The drill holes (LR19-13, LR19-15, LR19-16 and LR19-17) were located in the same area as LR19-11, LR19-12 and LR19-14 (previously reported). The holes were targeting the most North West part of the drill tested area along the Carheil Graphitic trend. This has now been drill tested for in excess of 1.6km by this current program, representing an increase in the drill tested strike length of more than 100%. The North West part of the Carheil Graphitic trend has a drill tested strike length of 415m contained within the overall drill tested zone encompassing the North West part and the South East part of the Carheil Graphitic trend which has a total drill tested strike length in excess of 1.6km. | |
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