Stefan Bernstein of GreenRoc: Phase 2 drilling at Amitsoq more than doubles graphite deposit footprint
Episode 917, Sep 26, 2022, 09:25 AM
Stefan Bernstein CEO of GreenRoc Mining #GROC discusses successful phase 2 drilling at Amitsoq Project which more than doubles graphite deposit footprint.
Stefan Bernstein CEO of GreenRoc Mining #GROC discusses successful phase 2 drilling at Amitsoq Project which more than doubles graphite deposit footprint.
Highlights
· Drilling was completed on 17 September 2022, with 19 holes drilled for a total of 2,844m.
· All holes reached target depths and intersected significant graphite layers, extending the deposit to the west by about 100m and to the northwest and the north by about 150m in horizontal directions, more than doubling the deposit footprint, which continues to remain open.
o Lower Graphite Layer ("LGL") shows mineable thicknesses greater than 2.0m in all 19 holes with true thickness (where present) varying between 2.50m and 20.69m.
o Upper Graphite Layer ("UGL") shows mineable thicknesses greater than 2.0m in eight holes with true thickness varying between 2.72m and 7.99m.
· The LGL appears to form the main orebody of the deposit with surface outcrops suggesting a potential continuation of significant LGL thicknesses for several hundred meters towards the north.
· Exceptionally high grades of up to 23.01% graphitic carbon (C(g)) in the LGL and up to 19.83% C(g) in the UGL were returned from Phase 1 and visual inspection of drill core suggest that Phase 2 intersections are similar in ore grade.
· Results are expected to support a significant upgrade in the Project's resource tonnage, with analytical results expected Q4 2022.
· Despite extensive drilling, the deposit remains open towards the north, west and southwest, giving an indication of the significant resource potential.
To read the full RNS click here
Highlights
· Drilling was completed on 17 September 2022, with 19 holes drilled for a total of 2,844m.
· All holes reached target depths and intersected significant graphite layers, extending the deposit to the west by about 100m and to the northwest and the north by about 150m in horizontal directions, more than doubling the deposit footprint, which continues to remain open.
o Lower Graphite Layer ("LGL") shows mineable thicknesses greater than 2.0m in all 19 holes with true thickness (where present) varying between 2.50m and 20.69m.
o Upper Graphite Layer ("UGL") shows mineable thicknesses greater than 2.0m in eight holes with true thickness varying between 2.72m and 7.99m.
· The LGL appears to form the main orebody of the deposit with surface outcrops suggesting a potential continuation of significant LGL thicknesses for several hundred meters towards the north.
· Exceptionally high grades of up to 23.01% graphitic carbon (C(g)) in the LGL and up to 19.83% C(g) in the UGL were returned from Phase 1 and visual inspection of drill core suggest that Phase 2 intersections are similar in ore grade.
· Results are expected to support a significant upgrade in the Project's resource tonnage, with analytical results expected Q4 2022.
· Despite extensive drilling, the deposit remains open towards the north, west and southwest, giving an indication of the significant resource potential.
To read the full RNS click here