Business
Stage 7 Drill Program Nears Completion
Stage 7 Drill Program Nears Completion.
About this update from Blencowe Resources Plc
[{"type":"text","content":"\n\nDate: 07 May 2025 \nBlencowe Resources Plc\n(\"Blencowe\" or the \"Company\")\n \nStage 7 Drill Program Nears Completion at Orom-Cross Graphite Project\nProgress Continues across Resource Upgrade & Expansion Drilling\n \nBlencowe Resources Plc is pleased to announce that drilling on its 6,750 metre exploration program at its Orom-Cross graphite project in Northern Uganda is nearing completion. This drilling and exploration campaign is the latest in the Company's ongoing definition of the resources available at Orom-Cross and targeting to deliver a material increase in both the JORC Resources and Reserves at this world class deposit.\nHighlights:\n· Infill drilling 100% complete at Camp Lode and Northern Syncline deposits.\n· Exploration drilling completed on new Northern Syncline (West) target.\n· Step-out drilling at the exciting new Beehive deposit is underway.\n· Surface mapping reveals extensive near-surface ore zones which supports low-cost mining.\n· Consistent ore intersections in all holes drilled to date, with graphite continuing beyond 30 meter depth in most of them.\n· Permanent exploration camp construction advancing onsite.\n· Government approval in place for export of assay samples for testing\n \nCamp Lode and Northern Syncline\nBlencowe has completed all infill reserve drilling on the Camp Lode and Northern Syncline deposits. All core has been logged, sampled and dispatched to accredited labs in Tanzania and South Africa for assaying. Geological logging continues to confirm consistent in geology and ore zones aligned with the Company's current Resource models.\nSurface mapping during access road construction has revealed extensive areas of surface ore expressions in both deposit areas, which will translate into reduced mining costs, lower strip ratios and a quicker production ramp-up once mining begins.\nMeanwhile, 70 exploration holes have been successfully drilled and logged at the new Northern Syncline (West) extension deposit.\n \nBeehive - First Step Out Drilling\nThe drill rigs have now relocated south t...