Business
Drill Programme to Restart at Orom-Cross Project
Drill Programme to Restart at Orom-Cross Project.
About this update from Blencowe Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 8032L\n Blencowe Resources PLC\n 04 May 2020\n \n \n \n \n Date: 04 May 2020 Blencowe Resources Plc\n \n \n \n \n \n (\"Blencowe\" or the \"Company\")\n \n \n \n \n \n Maiden JORC Resource Drilling Program to Restart at Orom-Cross Project\n \n \n \n \n \n The Company is pleased to provide an update to the comprehensive 2020 JORC Resource diamond drilling program that initially commenced on its Orom-Cross graphite project in Northern Uganda in Q1 2020. In anticipation of a successful acquisition of the project Blencowe initiated a ~1,800 meter diamond drill infill program in March, which was halted due to Covid lockdowns in Uganda from beginning April. With safety of its staff and associated contractors as the priority Blencowe shut down operations at Orom-Cross pending a shift in Government policy. There is anticipated easing of these restrictions hence drilling will recommence shortly with the aim of completing all holes in approximately one month.\n \n \n Background\n \n \n Orom-Cross is a potential world class graphite project both by size and end-product quality, with a large component of high value large flake product. A 21-year Mining Licence was issued by the Ugandan Government in 2019, following extensive historical work on the deposit.\n \n \n Orom-Cross presents as a large, shallow open pitable mine, with a resource estimated in excess of 3 billion tonnes of graphite. Development of the resource is expected to benefit from a low strip ratio and free dig operations, thereby providing lower operating and capital costs. Coupled with the predominantly Jumbo, X-Large and Large flake sizes of the deposit, the Company expects Orom-Cross to provide significant margins on production.\n \n \n Highlights\n \n \n A summary of the 2020 work program to date is as follows:\n \n \n · \n A Lidar survey has been completed over lease areas providing high quality topographical data which is critical for future mine planning and design.\n \n \n · \n Exploration camp was established on-site in early Q1 2020.\n \n \n · \n Drilling commenced on the 1800m (59 hole) JORC Resource program in March.\n \n \n · \n Currently 25% of the drilling program has been completed prior to Uganda going into Coronavirus lockdown. To-date visible results have been highly encouraging an...