Blencowe Resources PLC - natural resources company - Says drilling at Camp Lode deposit at Orom-Cross graphite project in Uganda has delivered "outstanding" high grade graphite results. The "excellent" drill results will underpin a maiden JORC Standard Mineral Resource Estimate and Reserve Determination scheduled for release in March. The expectation is for the average grade at Camp Lode to be "approximately double the already high average Orom-Cross grade".
"We have always believed that this Camp Lode offered a very valuable source of graphite to mine in the initial phase of development. These assay results have proven this and delivered a great result, which can underpin our mine plan and ultimately deliver considerable value," says Executive Chair Cameron Pearce.
Current stock price: 7.125 pence
Year-to-date change: down 6.6%
By Lucy Heming;Â email@example.com
Copyright 2021 Alliance News Limited. All Rights Reserved.