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Metals Australia Ltd.
Summary
| Project: | Lac Rainy | |
|---|---|---|
| Deposit: | Lac Rainy | |
| Location: | Canada | |
| Commodities: | Graphite | |
| Date: | 8/6/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-8-2019: Metals Australia Ltd. announces an Exploration/Drilling Update report for its Lac Rainy deposit at the Lac Rainy project. Drilling results incl. 44.9m @ 8.05% Cg from 63.6m. Metals Australia Ltd (ASX: MLS) is pleased to announce the assay result | |
| 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 three (3) holes of the seventeen (17) hole diamond drilling program completed at the Company’s 100%-owned Lac Rainy Graphite Project, located in Quebec, Canada. Five (5) holes were previously reported and the Company is still awaiting the assay results for a further nine (9) holes (refer to ASX announcement dated 3 July 2019 and titled “Exceptionally Wide High-Grade Graphite Zones Intersected”). The 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 North West part of the Carheil Graphitic trend (Figure 2). The drill holes (DDH LR19-11, DDH LR19-12 and DDH LR19-14) were targeting the most North West part of the drill tested area along the Carheil Graphitic trend which was drill tested for 750m in this current program. These holes are located the furthest away from the high-grade South East portion of the Carheil Graphitic trend, encompassing the Lac Carheil prospect, which is located at the South Eastern end of the mineralised trend. This North Western area was previously subject only to limited surface exploration. | |
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