RE: RNS22 Aug 2022 08:04
Stefan Bernstein, GreenRoc's CEO, commented: "These drill results are highly encouraging in that we have identified graphite bodies of mineable widths in all holes. Several of the intersections are as good or even better than those we obtained in our Phase 1 drill programme in 2021, thus confirming the significant thickness of both the upper and lower graphite layers, whilst our visual inspection of the drill core suggests that the intersections are similar in ore grade. We are therefore hopeful to see similarly very high grades of graphite from the analytical work, which will be undertaken following the completion of the drill programme.
"These preliminary drill results are particularly exciting as most of the holes are placed further west of the holes drilled in 2021, suggesting a substantial extension to the graphite layers and indicating that the deposits are still open down-dip and to the northwest, west and southwest. Alongside this, we are currently drill testing the northern extension of the graphite layers, the results from which we look forward to sharing in due course. One final but very positive point is that the core is mostly very solid, which bodes well for stable mine construction as we look to advance Amitsoq to development status."