Metals Australia intersects graphite in all 17 holes

By Trevor Hoey. Published at May 16, 2019, in Mining

Metals Australia Ltd (ASX:MLS) has had further success with the drill bit during its maiden diamond drilling program at the Lac Rainy Graphite Project in Quebec, Canada.

Diamond drilling at the Lac Rainy project has continued to intersect multiple wide graphite flakes mineralised rock intervals.

Metals Australia has successfully completed a total of seventeen drill holes to date, with the company intersecting graphite in every drill hole.

The final three additional drill holes which have been completed recently have been focused on the Western Carheil Graphite Zone, along strike to the north-west of the high-grade Lac Carheil prospect.

Open along strike and at depth

To date, the drilling has tested a total of 1.0 kilometres of strike at Lac Rainy, with graphite being intersected in each hole, demonstrating the continuity of the mineralisation both along strike and at depth for over 1.0km along strike.

Each of the final three holes drilled have ended in mineralisation, suggesting a continuation of the graphite flakes mineralisation at depth.

Importantly, the drilling at Lac Rainy has continued to demonstrate that the graphite mineralisation has extended over a considerable strike length, and with graphite mineralisation open at depth, the resource potential at Lac Rainy is significant, with considerable upside still to be realised from follow-up exploration work.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

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