International Graphite Ltd (ASX:IG6) has made its third graphite discovery 500 metres south of the existing mineral resource at the Springdale Graphite Project in Western Australia.
Ten reverse circulation (RC) exploration holes from drilling at the area, named ‘Springdale South’, returned standout results including:
- 4 metres at 10.6% total graphitic carbon (TGC) from 15 metres downhole (SGRC0061);
- 4 metres at 9.6% TGC from 70 metres downhole (SGRC0062);
- 5 metres at 17.0% TCG from 104 metres downhole, including 3 metres at 22.1% TGC from 105 metres downhole (SGRC0062); and
- 2 metres at 10.1% TGC from 39 metres downhole (SGRC0063).
International Graphite projects.
International Graphite managing director and CEO Andrew Worland said: “Springdale South is the third graphite discovery made by our exploration team and demonstrates yet again the pathfinding ability of the airborne electromagnetic geophysical survey that was undertaken over a portion of our tenements at Springdale.
“Large parcels of our ground holding show significant anomalies and represent excellent further targets for exploration drilling.
“The success of our exploration to date and the likelihood of being able to replicate it at the sites of these untested anomalies gives us great confidence that we can significantly expand the Springdale mineral resource base over time with targeted drilling.”
Extensive drilling program
Over 6,000 metres of mineral resource and exploration drilling have been completed at Springdale since June 2022.
The drilling aims to upgrade the existing Springdale resource from inferred to indicated status (currently 15.6 million tonnes at 6.0% TGC, including a high-grade component of 2.6 million tonnes at 17.5% TGC).
International Graphite also aims to expand the mineral resource inventory through exploration drilling in areas highlighted by an airborne electromagnetic geophysical (AEM) survey undertaken in 2019.
Figure 2: AEM survey image showing conductive material in relation to resource areas and new targets.
The latest ten RC holes target anomalies to the south of the Springdale Mineral Resource.
Figure 2 shows the area which is identified as ‘Springdale South’.
All drilling undertaken at Springdale continues to be shallow to a maximum of 100-125 metres with all holes remaining open at depth.
Springdale South is the third discovery from International Graphite’s drilling, following the identification of Springdale Far West and Springdale Central in September and October 2022 respectively.
A further 39 RC drill holes have now been completed at exploration target SDE_1 (refer Figure 2). Visual graphite mineralisation was identified in December 2022 and assays for that drilling are expected to be received in February.
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