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BlackEarth Minerals (ASX:BEM) unearths new high-grade graphite zone at Razafy Northwest

Highlights

  • Drilling at the Maniry Graphite Project has intersected high-grade graphite mineralisation in close proximity to the Razafy resource. 
  • The diamond drill program has provided a better understanding of the scale and potential of the Maniry graphite domain. 
  • All ten holes, open at depth, reported ending within strong graphite mineralisation. 

The Madagascar-based Maniry Graphite project held by BlackEarth Minerals NL (ASX: BEM) consistently proves to be an ace up the Company’s sleeve, driving noteworthy developments. In a recent significant update, BlackEarth announced a high-grade graphite mineralisation zone present in close proximity to the Razafy resource of Maniry project. 

RELATED ARTICLE: Inside BlackEarth Minerals’ quest to unlock graphite potential at Maniry

The Company has completed a diamond drill program on the project, providing an improved understanding of the scale and potential of the Maniry graphite domain. The high-grade mineralisation intersected over wide intervals is in line with previous trenching results. 

ALSO READ: BlackEarth Minerals bags Port d’Ehoala access to export Maniry graphite product

Source: BEM ASX Update, dated 23 August 2021                

Commenting on the Razafy Northwest drilling program, BlackEarth Managing Director, Tom Revy, said: “The Board is very pleased with these results as it places our project into the high-grade category of global graphite developers”.

“The graphite industry is heavily differentiated by (potential) revenue stream, which in turn is driven by both grade and proven quality/high value product(s). BlackEarth ticks both boxes,” Mr Revy added.

RELATED ARTICLE: Pilot program results confirm high yields for BlackEarth Minerals’ (ASX:BEM) Maniry graphite project

Encouraging Results reaffirm high-grade discovery potential

Extremely encouraging initial results were returned from the Razafy Northwest drill program, which comprised 21 drill holes for 974m drilled. 

BlackEarth received assay results for the first ten diamond drill holes of the campaign, with all ten holes reported ending within strong graphite mineralisation, open at depth. 

The initial results continue to strengthen the importance of the high-grade graphitic mineralisation recognised by the previous exploration works. At the same time, the outcomes also exhibit potential for further high-grade discoveries within the Maniry Graphite Project area.

RELATED ARTICLE: BlackEarth Minerals’ June quarter marked by major agreements, headways at Maniry graphite project

Source: Copyright © 2021 Kalkine Media, Data Source: BEM ASX update, dated 23 August 2021

Key drilling outcomes

Exploration activities at the Maniry project continue to pay off, enhancing further resource potential and widening BlackEarth’s footprint in the graphite space. 

So far, drilling has led to the discovery of thick, outcropping, high-grade horizons hosted by felsic gneissic rocks at Razafy Northwest. These high-grade horizons are similar to that encountered at the nearby Razafy resource. 

ALSO READ: How far has BlackEarth Minerals (ASX:BEM) progressed on its expandable graphite strategy?

Source: BEM ASX Update, dated 23 August 2021

While early signs indicate continuity of horizons may exist through the Razafy Northwest zone, the Company awaits further assay results to confirm this. Moreover, initial grades returned from drilling within the horizons are generally consistent from hole to hole and from section to section. 

BlackEarth indicated that previous as well as ongoing surface sampling (trenching) have turned out to be an accurate guide as to the expected TGC (Total Graphitic Carbon) grades in the sub-surface. 

RELATED ARTICLE: Which are the factors catalysing the growth of BlackEarth Minerals?

Way Forward

Three tranches of samples are outstanding, which include two with Intertek Perth and the third expected to arrive next week from Madagascar.

Further assay results, subject to laboratory scheduling, will be released over the coming weeks. The additional results would also consist of graphitic intercepts not yet assayed from the first ten holes located in the deposit’s southern part. 

 

Source: Copyright © 2021 Kalkine Media, Data Source: BEM ASX update, dated 23 August 2021

BEM stock was trading at AU$0.130 on 25 August 2021 (AEST 11:17 AM), up 4% from its last close.

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