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Maiden JORC Mineral Resource
Maiden JORC Mineral Resource.
About this update from Blencowe Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2149V\n Blencowe Resources PLC\n 13 April 2021\n \n \n \n \n Date: 13 April 2021 \n \n Blencowe Resources Plc\n \n \n \n \n (\"Blencowe\" or the \"Company\")\n \n \n \n \n \n Maiden JORC Mineral Resource delivered at Orom-Cross Project \n \n \n \n \n \n Blencowe Resources Plc is pleased to announce its maiden JORC Mineral Resource Estimate at its 100% owned Orom-Cross graphite project in Uganda:\n \n \n \n \n \n Highlights\n \n \n · \n JORC Indicated & Inferred Mineral Resource for Northern Syncline deposit of 16.3Mt @ 6.0% Total Graphite Content (4% TGC cut off), approximately double the targeted 8-10Mt.\n \n \n · \n Includes higher grade zones of 3Mt @ 8.1% TGC (7% TGC cut off).\n \n \n · \n Resources commence from surface to a depth of 30m, where drilling ended in mineralisation.\n \n \n · \n Drill results from higher grade Camp Lode deposit to be added into a further Orom-Cross JORC Resource statement ahead, further boosting both tonnes and average grade.\n \n \n \n \n \n Blencowe's 2020 drilling program focused on a small part of the estimated 3 billion tonnes graphite deposit at Orom-Cross, with the objective of identifying a maiden JORC Mineral Resource of around 8-10Mt, being sufficient to provide the basis for an initial 25Kt per annum mining operation for the first ten years. The maiden JORC Mineral Resource, which covers only one of the two deposits drilled, being the Northern Syncline lode, has yielded almost double the targeted tonnage. These numbers will be further boosted by inclusion of the previously reported higher grade drilling results from the Camp Lode deposit to be reported in a further JORC Mineral Resource update in 2H 2021.\n \n \n These results, which come from the weathered, close to or at surface, zone of the deposit, highlight the quality of the Project's mineralisation and the potential for Orom-Cross to become a low-cost graphite producer. These resources were identified in an area adjacent to the proposed plant site, thereby expected to further boost the project economics of any subsequent development.\n \n \n Blencowe will conduct a further geotechnical drilling programme to commence shortly for inclusion within the Pre-Feasibility Study (PFS) later this year. At the same time Blencowe will add further holes on the Cam...