Business
Phase 1 Drilling Program Update
Phase 1 Drilling Program Update.
About this update from Blencowe Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 7755R\n Blencowe Resources PLC\n 02 July 2020\n \n \n \n \n Date: 2 July 2020 Blencowe Resources Plc\n \n \n (\"Blencowe\" or the \"Company\")\n \n \n \n \n \n \n \n \n Blencowe Nears Completion of Phase 1 Drilling Program at Orom-Cross Graphite Project\n \n \n \n \n \n The Company is pleased to provide a further update to the comprehensive JORC Resource diamond drilling program that has commenced on its Orom-Cross Graphite Project in Northern Uganda (\"Project\"). \n \n \n Highlights\n \n \n · \n \n 59 hole drill program targeting western anomaly \n \n \n \n · \n \n 57 holes completed, first batch of 20 holes to be assayed from next week\n \n \n \n · \n \n Second drill rig has now been mobilised at the newly identified high grade zone \n \n \n \n · \n \n Maiden JORC (2012) Indicated Resource anticipated early Q4 2020\n \n \n \n \n \n \n Drilling Program Update\n \n \n The Company has made good progress following the resumption of drilling at the Project after the nationwide lockdown during Q2 2020 as a result of the Covid-19 pandemic. Drilling has focused on the western anomaly, which includes a newly identified 'high-grade' zone, with 57 holes now completed and 2 remaining.\n \n \n Of the 57 holes, 50 holes have already been logged and sampled, with the first batch of 20 holes due to leave site this week for assaying in the nearest JORC accredited independent laboratory in Mwanza (Tanzania). The second batch will be dispatched next week.\n \n \n As part of the decision to further test the identified high-grade zone close to the camp site, a second drill rig has been mobilised to site and drill-out of this lode will commence this weekend. These extra holes are expected to fall within the Company's existing 2020 drilling budget given the efficiency of operations to date.\n \n \n The Company expects the full drill program to be completed by late July, with all remaining samples dispatched to the Mwanza lab at a similar time. Drill-hole sites will then be rehabilitated as part of the outlined work program.\n \n \n To date all drilling has gone according to plan with visible graphite showing in all areas, including larger flakes as targeted by the Company. The next phase of the program will focus on assaying and samples from this drilling campaign will be...