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Quantum Graphite Ltd.
Summary
| Project: | Uley | |
|---|---|---|
| Deposit: | Uley | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 11/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-11-2018: Quantum Graphite Ltd. announces an Exploration/Drilling Update report for its Uley deposit at the Uley project. Drilling results incl. 11.7m @ 19.33% gC% from 52.3m. Quantum Graphite Limited (QGL) is pleased to announce final results from the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Karen Lloyd (Jorvik Resources Pty Ltd.) | |
| ABSTRACT: | Quantum Graphite Limited (QGL) is pleased to announce final results from the extensional drilling campaign at the Company’s Uley Graphite Mine (refer previous announcements dated 24 August 2015 and 30 October 2015) conducted in 2014 and 2015. The extensional drilling campaign focused on the Uley Pit 2 area and was designed to confirm the dip and strike continuity of the mineralisation and provide supporting data for feasibility studies in respect of Uley mine expansion. These assay results confirm that the very-high grade graphite mineralisation is continuous and remains open in a southerly direction and importantly, confirm the results in the earlier announcements referred to above. The drill holes were collared along strike from the proposed Uley Pit 2 and in accordance with the Company’s interpretation of the Transient Electro Magnetic (TEM) geophysical signature (Figure 4 below) which provides the basis for its exploration model and long-term development strategy. The collar locations of the diamond drill holes for which assays reported in this announcement are presented in Figure 1. Further context with respect to existing drilling information is presented in Figure 2 (collars for assay results reported are highlighted in red). Collar information is presented in Table 2. | |
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