This was only 2 weeks ago !!!!!!15 Aug 2017 17:24
Excellent Drilling Results Continue at Mahenge Liandu Graphite Project
Tue, 1st Aug 2017 07:00
Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company
1 August 2017
Armadale Capital Plc (‘Armadale’ or ‘the Company’)
Excellent Drilling Results Continue at Mahenge Liandu Graphite Project
Armadale, the AIM quoted investment company focused on natural resource projects in Africa, is pleased to announce wide zones of near surface mineralisation have been intersected in the first drill holes completed at Mahenge Liandu Graphite Project in Tanzania (‘the Project’ or ‘Mahenge Liandu’).
Overview
All holes intersected graphite mineralisation at or near surface with widths up to of 58m and an average width of 35m
Initial drilling is targeting high grade near surface mineralisation that can be accessed early in the mine plan to maximise early cashflow
First 16 holes of 2,500m Reverse Circulation (‘RC’) drill programme completed with drilling ongoing
Objective of the overall drilling programme is to increase both the quantum and confidence category of the maiden JORC Resource estimate of 40.9Mt at 9.41% Total Graphitic Content (‘TGC’)
Geological mapping to identify extension to the deposit has now commenced
Bulk sample has now arrived in Perth allowing test-work to commence
Nick Johansen, Director of Armadale said, “Excellent widths of graphite mineralisation up to 58m thick from at or near surface add to the consistently encouraging exploration results from Mahenge Liandu. The continuity of intercepts underpin the board’s confidence that this asset has the potential to become a commercially viable mining operation, capable of producing the high value large graphite flakes sought after by, amongst others, expandable graphite and lithium Ion battery manufacturers. As a commodity identified by industries and decision makers worldwide as having strategic importance, our expedited development of Mahenge Liandu towards production should position us strongly, as we continue marketing our product with graphite industry participants including consumers, engineering, procurement and construction providers.
“I look forward to providing further updates as the drill programme continues and we work towards the publication of an enhanced JORC Resource and begin prefeasibility work by the end of 2017.”
Drilling Programme Update
Drilling is now well underway with the first 16 holes completed. All the drill holes have intersected graphite mineralisation with up to 58m thickness and an average thickness of 35m. The deposit dips gently to the south east in area of drilling with initial holes targeting areas on at or near surface mineralisation. Drilling is continuing with further drilling intercepts and assay results to be released when the results are available.
Hole ID Easting Northing Total Depth From To Width