| Announcement Date: | 2022-01-31 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | (no Code) |
| Company name: | Blencowe Resources Plc |
| Project name: | Orom-Cross |
| Location: | Uganda |
| Commodities: | Graphite |
| Highlight: | Drilling results incl. 19m @ 9.78% from 2m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Blencowe Resources Plc (“Blencowe Resources”) (LSE: BRES) is pleased to announce exceptional high-grade drilling results at the Camp Lode deposit which forms part of the Orom-Cross project. These results will allow the Company to bring Camp Lode into the wider Orom-Cross JORC Resource and Reserve Estimate update scheduled to be released in February 2022. Camp Lode Resource Drilling The results, which come from the weathered, close-to or at-surface zone of the Camp Lode deposit, highlight the quality of the project’s mineralisation and ultimately its ability to be a low-cost producer. The drilling targeted both infill zones and strike extensions to existing high-grade oxide mineralisation. The spectacular near-surface intercepts confirm the geological interpretations as well as grade continuity over the strike length of the Camp Lode. The Camp Lode Deposit has been subjected to a diamond drill hole program on a 25 metre by 12.5 metre grid. The drilling was designed to provide sufficient information to enable the classification of Resources at the Camp Lode into the indicated category and enable a Resource Estimate on the Camp Lode to be reported and to qualify the initial production area for the deposit as a high-grade supplement to the main Northern Syncline deposit. |
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