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.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

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