Another exploration innovation from FGR. Exploration Licences...

Another exploration innovation from FGR.

Exploration Licences

"The Company’s total exploration land bank is 39,500ha, making it the largest holder of high grade exploration licences in Sri Lanka. The Company continues to conduct exploration work on these licences and is rating the areas for future drilling and development programs.

In August FGR will be embarking on the first in country downhole electromagnetic survey at its Aluketiya project. The survey is designed to delineate graphite veins intersected in existing drilling and to also identify the possible existence of graphite veins not intersected by existing drilling. Downhole electromagnetics is used widely in highly conductive mineralisation styles. This method has not been used in Sri Lanka to delineate graphite veins but FGR believes that, if successful, it will make exploration for graphite more efficient. Results of the survey will be completed before the September quarterly report."

First Graphite were the first in Sri Lanka to bring in their own drilling capability - now the first to use downhole electromagnetics.

They chose the name "First" with good reason - e.g. first graphene production cell. first environmental licence in SL, first mining licence under  current regulations.....

No wonder it's first choice for me.

But please, DYOR