23 Oct 2014 10:00
23 October 2014
StratMin Global Resources Plc
("StratMin" or the "Company")
Further Substantial Graphite Mineralisation Identified at the Loharano Property
StratMin (AIM: STGR), the graphite exploration and production company with assets in Madagascar, today announces the identification of substantial surficial regolith-hosted graphite mineralisation at its Mahefadok prospect. The Mahefadok prospect occurs in the central part of the Company's Loharano property, approximately 1,500 metres south-east of the producing Loharano graphite deposit.
Exploration Activities
To date, systematic exploration activities at Mahefadok have included ground geophysical surveying, geological mapping and the excavation of forty pits and four trenches.
These have resulted in the identification of substantial regolith-hosted graphite mineralisation that occurs as two north-south zones 250 and 750 metres in length, between 70 and 120 metres in width and up to 5.90 metres in depth (the maximum depth of excavations).
They are currently separated by a 500 metre section that has not yet been subject to pitting and trenching. They are considered to be part of the same zone and it is expected that further exploration will delineate a continuous mineralised zone greater than 1,500 metres in length that is open-ended to the north and south.
Exploration activities to date have also included the collection of 220 samples that will be sent to an accredited laboratory for quantitative analysis. Ongoing activities over the coming 2 months will include additional infill pitting and trenching to further delineate the mineralised zone. It is anticipated to have a detailed update on exploration activities and results by the end of the year.
Manoli Yannaghas, Managing Director, commented:
"This is a very exciting development for the Lohorano property and demonstrates that there is clearly significant potential to find more graphite mineralisation at the project.
"I look forward to updating the market with further developments."
Click here to see a map and images of the graphite mineralisation zones
http://www.rns-pdf.londonstockexchange.com/rns/1048V_-2014-10-23.pdf
For further information please visit www.stratminglobal.com or contact:
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Qualified Person Review
The information in this announcement that relates to exploration results has been reviewed by Mr. Jannie Leeuwner, BSc (Hons), who is a full-time employee of Vato Consulting LLC. Mr. Leeuwner is a registered Professional Natural Scientist (Pr.Sci.Nat) with the South African Council for Natural Scientific Professional (SACNASP) and a "Qualified Person" as defined in the AIM Note for Mining, Oil & Gas Companies - June 2009, of the London Stock Exchange. Mr. Leeuwner consents to the inclusion of his name and the information in this release in the form and context in which it appears.