Diamond drilling is expected to start next week. Pic via Getty Images.
Mining
Kingsland Minerals is off to a solid start at its Leliyn project in the Northern Territory, with first four RC holes intersecting up to 150m downhole of graphitic schist.
The graphitic schist unit, which contains graphite mineralisation, is estimated to be up to 130m true width.
Leliyn has a large exploration target of 200-250Mt at 8-11% Total Graphitic Carbon (TGC) for 16-27Mt of contained graphite, and so far, drill holes at both the eastern and western ends of the 5 km long target have intersected “significant widths” of graphitic schist, the company says.
Samples have now been submitted for assay, with results expected in 4-6 weeks.
“This is an exciting start to our maiden drilling campaign at Leliyn,” Kingsland Minerals (ASX:KNG) MD Richard Maddocks said.
“The interpretation of thick intervals of graphitic schist has been validated with our first few holes.
“We now have information along the graphitic schist unit which suggest good continuity along the 5km target zone.”
Drilling will continue to define the graphitic schist unit while samples are assayed for graphite content.
“The diamond drill rig will commence in about a week and will collect important metallurgical samples for analysis,” Maddocks said.
This article was developed in collaboration with Kingsland Minerals Limited, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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