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Renascor Resources Ltd.
Summary
| Project: | Arno | |
|---|---|---|
| Deposit: | Siviour | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 11/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 7-11-2018: Renascor Resources Ltd. announces an Exploration/Drilling Update report for its Siviour deposit at the Arno project. Drilling results incl. 25.0m @ 14.0% TGC from 12m. Renascor Resources Limited (ASX: RNU) (Renascor) is pleased to report assay | |
| 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 assay results from the first 36 holes of its recently completed Definitive Feasibility Study (DFS) drilling program. The drill assays received from this initial 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. Commenting on the initial drill results, Renascor Managing Director David Christensen stated: “These drill results are another important step in de-risking the Siviour Graphite Project as we move through our Definitive Feasibility Study work programs and progress to our goal of establishing a globally significant graphite mine. “We are particularly pleased that these assays include several wide intervals of highgrade graphite that are very close to the surface, as this offers further evidence that Siviour will benefit from low mining costs and, in turn, low operating costs.” 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. As previously reported, visual interpretation of drill chips from this first phase suggests strong continuity consistent with the existing resource model. See Renascor ASX Announcement dated 16 October 2018. To date, assays from 36 holes have been received from the phase one drilling. See Figure 1. | |
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