Castle Managing Director, Stephen Stone commented “The interim assay results from 23 holes of the recently completed 52-hole, 5,353m RC drilling program at the Kambale graphite project, Ghana, confirm that it is evolving as a very credible and still not yet fully defined deposit.
Several thick, high-grade and multiple intercepts have been returned, often at shallow depths and with a number falling outside of the existing Mineral Resource envelope. Better intercepts included 58m at 8.2%TGC from 22m, 30m at 10.7%TGC from 30m and 3m at 18.0%TGC from 43m with a peak value 1m intercept of 21.2%TGC.
Once all results are available we will be able to position a series of diamond core holes to obtain samples for the next stage of test work and flow sheet development. We also have an independent geologist on standby to provide a JORC 2012 Exploration Target estimate.
It’s an exciting time for Kambale especially given the projected increasing demand and under supply of graphite for at least the remainder of this decade.”
CDT Price at posting:
2.7¢ Sentiment: Hold Disclosure: Held
