Lithium Energy keeps the graphite momentum going at Burke
Link copied to
Lithium Energy’s Burke graphite project in Queensland continues to impress with drilling continuing to return thick, high-grade intersections of graphite.
Notable assays from the latest batch of seven holes from its recently completed drill program are 76m at 20.6% total graphitic carbon from surface including 16m at 26.3% TGC from a downhole depth of 30m (BGRC034), 72m at 18% TGC from 6m including 10m at 25.1% TGC from 17m (BGRC029) and 101m at 16.5% TGC from 12m including 10m at 23.8% TGC from 103m.
These not only continue the trend of thick, high-grade graphite hits, they are also notably richer than previous intercepts, which already featured grades significantly higher than most other known graphite deposits globally.
With the remaining nine RC drill holes and seven diamond holes still pending receipt and analysis, Lithium Energy (ASX:LEL) has engaged a consultant geologist to upgrade the current Inferred Resource of 6.3Mt grading 16% TGC.
With the success of its Burke exploration, the company is now preparing to carry out a drill program – consisting of 2,000m of reverse circulation and 200m of diamond core – at the Corella tenement about 150km south of Burke once the wet season ends.
This maiden drilling will test the extent of graphite mineralisation with the goal of delineating a maiden JORC resource.
This article was developed in collaboration with Lithium Energy, 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.