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Renascor Resources Ltd.
Summary
| Project: | Arno | |
|---|---|---|
| Deposit: | Siviour | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 12/23/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 23-12-2016: Renascor Resources Ltd. announces an Exploration/Drilling Update report for its Siviour deposit at the Arno project. Drilling results incl. 32m @ 9.6% TGC from 13m. Renascor Resources (ASX: RNU) is pleased to announce that initial assay result | |
| Resources: | (Resource, I+I): 60.8Mt @ 7.8% TGC at Sivious | |
| CP/QP: | [Overall Report]: G.W. McConachy (Internal) | |
| ABSTRACT: | Renascor Resources (ASX: RNU) is pleased to announce that initial assay results from its recently completed diamond core drill program at its Siviour Graphite Deposit in South Australia’s Eyre Peninsula have confirmed the existence of, and extended, a shallow, +10% total graphitic carbon (TGC) graphite zone along the southern boundary of the Siviour Indicated Resource. Renascor completed eleven holes totalling approximately 500 metres across this area. The program was primarily designed to obtain additional sample material for metallurgical test purposes over areas considered reasonably representative of what would be mined in Siviour’s first ten years of mine life (subject to completion of bankable feasibility studies, access to the requisite development finance and regulatory approvals). Renascor focused on the southern boundary of the Siviour Indicated Resource due to the high concentration of near-surface higher-grade, +10% TGC material indicated from previous drilling in this area. See Figure 1. To date, Renascor has received assays from three of the eleven diamond holes in the recently completed drill program, with results confirming near-surface intersections of high-grade graphite. | |
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