Tabakorole Drilling Delivers High-Grade Zones
Graphex Mining Limited (ASX: GPX) has announced the receipt of positveassay results from recently completed diamond drilling on the Tabakorole deposit in southern Mali.
The eight hole, 1,544m program was designed to:
- · Test high-grade plunge extensions;
- · Drill untested gaps in the deposit;
- · Drill a single hole into the north-west strike extension; and
- · Provide QAQC support for the deposit model.
The Stage 1 drill program was designed to target the interpreted high-grade plunge extension to the south-east. Three holes were planned following-up on historical intersections of 24m at 2.5g/t gold and 24m at 2.6g/t gold.
Managing Director Phil Hoskins said drilling successfully confirmed and expanded the high-grade plunge extension and returned the following results:
- 38m at 2.1g/t gold from 145m, including 14m at 4.7g/t gold from 145m
- 31m at 1.2g/t gold from 191m, including; 6m at 2.1g/t gold and 4m at 4.0g/t gold
- 35m at 1.0g/t gold from 170m, including 20m at 1.3g/t gold from 173m
“We are encouraged by the broad widths and high grades achieved in the south-east plunge extension with all three holes in this zone returning greater than 30-metre widths and good to high- grade gold mineralisation,” Mr Hoskins said.
“This zone remains open along strike to the south-east and further down plunge and represents a high priority target for follow-up drilling.
“Since the historical 2007 Mineral Resource Estimate, Tabakorole has seen over 11,000m of reverse circulation and nearly 2,000m of diamond drilling, including many high-grade intersections. These results will feed into our maiden JORC resource at Tabakorole ahead of our Stage 2 drill program, commencing later in the year.
“The company has identified numerous opportunities to expand the resource including high-grade plunge extensions which remain open, strike extension to the south-east and the 600m north-west strike extension following-up recent aircore drilling which included intersections such as 6m at 6.2g/t gold.”
Mr Hoskins said the company has already begun planning the next phase of drilling with numerous exciting opportunities to grow the resource, including:
- The 600m north-west strike extension to follow up 6m at 6.2g/t gold;
- Continued strike and plunge extensions, most notably to the SE; and =
- Regional exploration opportunities.
