M a r k e t N e w s

Tanzania: Firm Discovers Graphite in Tanzania

Posted on : Tuesday, 11th October 2016

 Johannesburg — Investment company Armadale Capital has discovered high-grade coarse flake graphite mineralisation near surface at its Mahenge Liandu project, in Tanzania.

 
The reverse circulation (RC) drilling undertaken to date has intersected wide intervals of high-grade graphite mineralisation.
 
Mineralised graphitic schists with widths of between 40m and 65m have been intersected in multiple holes. This discovery is an extension to the previously announced high-grade coarse flake graphite result, which retuned an outstanding 60m at 10.7 per cent total graphitic carbon (TGC).
 
The drilling programme, which will be concluded in three to four weeks, is targeting the most advanced prospect within the project area.
 
It is well defined by extensive areas of graphite outcrop and there is a strong electromagnetic anomaly over the planned drilling area.
 
"This preliminary discovery of high-grade coarse flake graphite mineralisation underpins our belief that Mahenge Liandu offers significant upside opportunity.
 
"Following the recent restructuring of the Mpokoto gold asset, which we maintain prospective exposure to, we believe these highly encouraging results firmly underpin our refocused growth strategy as we target the burgeoning graphite market, which is experiencing increasing demand from lithium-ion battery manufacturers," the company's chairperson William Frewen said in a statement.
 
The Mahenge Liandu project is located in the Ulanga district in south-east Tanzania, 300 km south-west of Morogoro and 10 km from the town Mahenge.
 
High-grade graphite mineralisation of up to 33.8 per cent TGC has been demonstrated through the analysis of rock-chip samples taken from Mahenge Liandu in June. Previous drilling has confirmed high-grade mineralisation from the surface, with results including 60m at 10.7 per cent TGC including 24 m at 12.9 per cent TGC and 5 m at 21.5 per cent TGC.
 
The samples were taken from graphite schist outcrops over 1.5 km of strike that was mapped by the previous owner surrounding the initial discovery holes. 

Source : allafrica.com
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