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Strike Resources Ltd.
Summary
| Project: | Burke | |
|---|---|---|
| Deposit: | Burke | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 6/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-6-2017: Strike Resources Ltd. announces an Exploration/Drilling Update report for its Burke deposit at the Burke project. Drilling results incl. 99.8m @ 21.1% TCG from 9m. Strike Resources Limited (ASX:SRK) is pleased to report that the maiden drilling | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Smith (Not Stated) | |
| ABSTRACT: | Strike Resources Limited (ASX:SRK) is pleased to report that the maiden drilling campaign at its Burke Graphite Project (Project) in Queensland is now complete. Assay results have been received from the final diamond core drill hole BGDD001 which has intersected an extensive zone of very high-grade graphite mineralisation. Drill hole BGDD001 was designed to drill through the full graphite mineralised sequence and intersected 99.8m @ 21.1% TGC from 9m, giving an estimated true thickness of the graphitic schist of approximately 75m (refer Figure 1). Metallurgical test work will now be undertaken on the diamond drillcore, which will focus on maximising concentrate grades and flake distribution in order to assist in prioritising the prospectivity and exploration potential within the Burke Graphite Project. A maiden drilling campaign was undertaken by Strike to test the graphite mineralisation extension in the key Burke tenement EPM 25443. Drilling commenced on 24 April and was completed on 14 May 2017. Total metres drilled were 735.2m (618m in 9 RC holes and 117.2m in one diamond core hole) spread across four cross-sections over a strike length of 500m (refer Figure 3). Drilling has confirmed the continuity of high grade (>10%) graphite mineralisation over 500m along strike in the NE-SW direction. | |
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