Updated drilling results: Aitolampi graphite project

Kurt Budge, CEO, commented: “Thanks to the rapid progress of our local Finnish contractor, Northdrill Oy, we’ve been able to complete the latest drilling campaign at Aitolampi in one month […] Now, we wait for assays, but once we have those, and with the information obtained from our 2017 drilling, we hope to produce a maiden resource estimate for Aitolampi in 2Q18 […] Thereafter, we will look to start a Scoping Study and baseline environmental studies, and more closely assess how we can expedite an application for a mining permit and leverage the growing enthusiasm for battery minerals in the Nordic region.”

“We look forward to updating shareholders on our progress in due course,” Budge added.

2018 Drilling

The 2018 drilling programme supports our objectives of defining a maiden resource, following the guidelines of the JORC Code 2012 edition, and conducting a Scoping Study.

2017 Drilling

In March 2017, the company completed an eight hole, 1197 m diamond drilling programme. The aim of the drilling was to test the potential for economic mineralisation along a major electromagnetic (EM) conductive zone and two parallel conductive zones to the south, and to provide representative sample material for assaying and metallurgical test work.

During 2017, the company also completed two rounds of test work, first with SGS Mineral Services in Canada to prove attainable concentrate grades, and second with ProGraphite Gmbh in Germany to determine possible market applications and end-uses for Aitolampi concentrate products.

Drill Results

Drilling confirmed that the EM conductive zones identified at Aitolampi are associated with wide zones of graphite mineralisation, with a mineralised strike length of at least 350 m along the main, drill tested, conductive zone, which extends for 700 m, continuous along strike and down dip. The zones, which dip between 40 - 50° to the southwest, can be very broad, attaining down-hole thicknesses of continuous graphite intercepts up to 140 m.

Mineralised drill intercepts included 202.9 m at 3.09% total Graphite Carbon (TGC) (including barren zones with no assays and assumed to be 0% TGC), including higher-grade zones of 18.95 m at 6.33% TGC, and 14 m at 6.26% TGC, 141.86 m at 3.72% TGC, including a higher-grade zone of 39.48 m at 5.02% TGC, and 41.1 m at 4.39% TGC, including 28.4 m at 5.1% TGC.

Read the article online at: https://www.globalminingreview.com/exploration-development/29032018/updated-drilling-results-aitolampi-graphite-project/