Business
Amitsoq: Phase 2 Assays Confirm Exceptional Grades
Amitsoq: Phase 2 Assays Confirm Exceptional Grades.
About this update from Greenroc Strategic Materials Plc
[{"type":"text","content":"\n \n \n GreenRoc Mining Plc / EPIC: GROC / Market: AIM / Sector: Mining\n \n \n \n \n \n 14 November 2022\n \n \n \n GreenRoc Mining Plc\n \n \n \n (\"GreenRoc\" or the \"Company\")\n \n \n \n \n \n \n Amitsoq Project Update\n \n \n \n \n Phase Two Drilling Assays Confirm Exceptional Grades and\n \n \n \n \n SIA contract signed with Niras\n \n \n \n \n \n \n GreenRoc Mining Plc (AIM: GROC),\n a company focused on the development of critical minerals projects in Greenland, is pleased to announce the first batch of assay results from drill core from the 2022 Phase Two drilling programme at the Company's flagship Amitsoq Graphite Project in South Greenland ('Amitsoq' or the 'Project'), one of the highest-grade graphite projects in the world. \n \n \n \n \nThe Company is also pleased to confirm the appointment of Niras a/s ('Niras'), an experienced Danish/Greenlandic multi-disciplinary engineering consultancy, to undertake a Social Impact Assessment (\"SIA\") at Amitsoq as GreenRoc focuses on fast-tracking the Project to mine development status.\n \n \n \n \n \n \n Key Points\n \n \n \n ·\n First assay results, from four of the 19 holes drilled during Phase Two drilling, which concluded in September 2022 at Amitsoq, have returned more world-class graphite grades at the Project.\n \n \n ·\n Assays of intersections of graphite ore from the main Lower Graphite Layer ('LGL')\n returned graphite grades\n of between 20.99% and 24.52% by weight (expressed as C(g) below) for mineable widths (larger than 2.0m).\n \n \n ·\n The Upper Graphite Layer ('UGL') varies between 17.29% and 20.92% C(g) for mineable widths (larger than 2.0m).\n \n \n ·\n The best intersection of a graphite layer was from hole AM_DD_017A, which returned a grade of 23.45% graphite over an intersection of 15.46m of the LGL, corresponding to 11.84m of true thickness.\n \n \n ·\n Results build on recent successful spheronisation tests, which demonstrated the suitability of Amitsoq graphite as feed material for electric vehicle (\"EV\") battery anode production.\n \n \n ·\n Niras appointed to undertake a Social Impact Assessment at Amitsoq, a key precursor to a Mining Licence application in Greenland.\n \n \n \n \n \n \n GreenRoc's CEO, Stefan Bernstein, commented:\n \n \n \n \n \n \n \n \n \n \"This first batch of assay results from...