OUTSTANDING GRAPHITE RESULTS FROM MANIRY PROJECT
Multiple high-grade outcropping graphite horizons defined by mapping and sampling
100% owned Maniry Project – Southern Madagascar
HIGHLIGHTS A program of detailed mapping and systematic rock chip sampling (111 samples) has identified multiple,
extensive zones of high-grade graphite mineralisation at Malagasy Minerals 100% owned Maniry
Graphite Project, Southern Madagascar; Exploration to date (work continuing) has defined at least 22 large-scale zones of prominently outcropping
graphite mineralisation over an area of 5km x 2.5km. Previous reconnaissance results lead to the
expectation that the ongoing evaluation will define additional large zones of graphite; Individual lenses have strike extensions of up to 1.8km and can attain widths of up to 350m. The recent sampling program has returned results up to 22.4%C whilst previous sampling has returned
values as high as 50.78%C; Field assessment of the graphite flake size has highlighted it is generally of coarse nature. Previously
completed petrological analysis of selected samples has confirmed the high quality nature of the graphite.
The graphite flake size is generally >0.7mm with some material as coarse as several millimetres. The
graphite is largely free from inclusions of other minerals; Results of metallurgical test work on samples that have been submitted to fully determine the key
characteristics of the graphite mineralisation are awaited; and A diamond drilling program is currently being planned to test a number of the larger zones. The program
is expected to commence in early-September 2014.
MGY Price at posting:
3.9¢ Sentiment: None Disclosure: Held