Business
Drilling Update
Drilling Update.
About this update from Blencowe Resources Plc
[{"type":"text","content":"\n\nDate: 31 March 2025 \nBlencowe Resources Plc\n(\"Blencowe\" or the \"Company\") \nInfill Drilling Phase Successfully Completed\nDrilling progresses on 6,750m program to expand Orom-Cross Resources and Reserves\n \nBlencowe Resources (LSE: BRES) is pleased to provide an update on its 6,750m drilling program at its Orom-Cross graphite project in Uganda. The campaign, which commenced in January is focussed on:\n· Stage 1 - Gathering geotechnical information to support mine design\n· Stage 2 - Infill drilling on the existing two deposits aiming to convert significant volumes of existing Resources to Reserves\n· Stage 3 - Step-out exploration at two new exploration targets to expand the overall Resource base.\nOrom-Cross currently holds a JORC Resource of 24.5Mt @ 6.0% TGC, and the Company is targeting a substantial upgrade.\nFollowing the successful completion of Stage 1 (geotechnical drilling) in February, Blencowe is pleased to report that Stage 2 (infill drilling) is now also complete.\n \nHighlights:\n· Infill drilling on both Northern Syncline and Camp Lode deposits - completed\n· Geotechnical drilling for pit slope parameters - completed\n· Access roads upgrade for all weather use - completed\n· Permanent exploration camp construction underway\n· Third rig mobilised to fast-track step-out drilling\n \nDrilling continues to progress on schedule with two rigs from Ugandan contractor ADT operating on site with a third soon to be mobilised to accelerate exploration at the Northern Syncline Western Limb and new GT-01 targets.\n28 infill holes at the Northern Syncline deposit have been drilled, logged, and sampled, with 26 now ready for assay. A further 11 holes at the Camp Lode deposit are complete, with sampling and logging underway. Initial observations suggest consistent geology in line with existing resource models which supports the goal of significantly increasing the Orom-Cross Resources and Reserves classifications to underpin longer mine life and higher production volumes in the ongoing DFS. It is an...