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Renascor Resources Ltd.
Summary
| Project: | Arno | |
|---|---|---|
| Deposit: | Siviour | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 11/14/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 14-11-2018: Renascor Resources Ltd. announces an Exploration/Drilling Update report for its Siviour deposit at the Arno project. Drilling results incl. 35.0m @ 13.2% TGC from 26m. Renascor Resources Limited (ASX: RNU) (Renascor) is pleased to report furth | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: G.W McConachy (Internal) | |
| ABSTRACT: | Renascor Resources Limited (ASX: RNU) (Renascor) is pleased to report further assay results from its recently completed Definitive Feasibility Study (DFS) drilling program. The drill assays received from this second batch of holes intersected additional near-surface, high-grade graphite, further demonstrating the continuity of widespread, shallow and highgrade graphite within the Siviour Indicated Resource. The results also include several wide intersections of near-surface, high-grade graphite recorded in between and at the margins of initial pit designs from Siviour Pre-Feasibility (PFS), suggesting potential for an improved mining schedule in the Siviour DFS. Commenting on the drill results, Renascor Managing Director stated: “These additional near-surface, high-grade drill results offer further evidence of the world-class quality of the Siviour ore body. The continued wide intervals of high-grade, near-surface graphite has the potential to further improve our mining schedule and lower our overall operating costs, as we proceed with the Siviour DFS.” Discussion Renascor recently completed an infill drill program undertaken to support the Siviour DFS. The primary aim of the drill program was to confirm the Indicated Resource for the Siviour DFS by undertaking close-spaced drilling to test the continuity of graphite mineralisation within the Indicated Resource area. The program comprised two phases. The first phase consisted of 99 reverse circulation (RC) and air core drill holes for 4,631 metres. The second phase consisted of 15 diamond holes drilled for 837 metres. | |
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