Lamboo Resources Ltd. (ASX:LMB) announced that using reverse-circulation drilling, it has confirmed the continuity of flake graphite mineralization at Target 1, located at its McIntosh flake graphite project. The news may result in an increase in the current JORC-compliant resource.
According to the press release, highlights include:
- RC drilling and geological mapping have confirmed the extension and continuity of the flake graphite horizon 2000m beyond the area of the JORC resource at McIntosh flake graphite – Target 1.
- Intersections include 9m @ 5.8%TGC from 51m in T1GRC095, 31m @ 4.0%TGC from 21m in T1GRC098 and 20m @ 4.6%TGC from 6m in T1GRC103.
- Ongoing metallurgical work has achieved up to 88% graphite in concentrates based on XRD (x-ray diffraction) analysis.