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Metals Australia Ltd.
Summary
| Project: | Lac Rainy | |
|---|---|---|
| Deposit: | Lac Rainy | |
| Location: | Canada | |
| Commodities: | Graphite | |
| Date: | 7/3/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-7-2019: Metals Australia Ltd. announces an Exploration/Drilling Update report for its Lac Rainy deposit at the Lac Rainy project. Drilling results incl. 70.0m @ 17.1% Cg from 9.0m. Metals Australia Ltd (ASX: MLS) is pleased to announce the assay results | |
| 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 five (5) holes of the seventeen (17) hole diamond drilling program completed at the Company’s 100%-owned Lac Rainy Graphite Project, located in Quebec, Canada. Diamond drilling at the Lac Rainy Project has intersected multiple wide zones of high-grade graphite, near surface, with the Company encountering graphite 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 Eastern Carheil Graphite Zone (Figure 2). The drill hole sites were selected based on the mapping, trenching and channel sampling program that was completed during 2018 also shown on the maps. The drilling was focused on extensions of the high-grade Lac Carheil prospect along strike in a northwest direction. The Carheil Graphitic Zone has been intersected in all drill holes and has confirmed the mineralisation below surface and within the Eastern and Western extensions, known as the East Carheil Graphitic Zone and the West Carheil Graphitic Zone. Diamond drilling has tested in excess of 750m of strike at Lac Carheil within the Lac Rainy project area. Graphite was intersected in every hole, demonstrating the continuity of the graphite mineralisation both along strike and at depth. The total mapped mineralised strike at Lac Rainy, including area drilled, trenched, sampled and mapped extends approximately 3.2km along strike. | |
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