Bass Metals Limited (ASX:BSM) will embark on a diamond-drilling program to help facilitate a maiden mineral resource estimate for its Mahela prospect in Madagascar.
This follows an auger drilling program which demonstrated widespread mineralisation in at least three zones over 600 metres.
Strong auger results
The $73.67 million company’s maiden auger results for the brownfields prospect indicate that it contains “easily mineable saprolite-hosted graphite mineralisation”.
This program returned strong results such as a fixed carbon grading of 5.12% over 12.5 metres, including a 7.37% grading over 5 metres, seen in the first 8 metres from surface.
Part of the plan
Bass Metals chief executive officer Tim McManus said the prospect could help the company develop a larger resource base.
“Mahela has the potential to significantly add to the next key strategic objective of expanding production capacity to about 20,000 tonnes per annum of premium large-flake graphite concentrates and possible downstream production of expandable graphite.”
At least three zones of saprolite-hosted graphite mineralisation were identified during Bass’ drilling and these were open to the north and south.
Bass drilled 41 auger holes and 338 metres, to depths of about 8 metres.
Mahela prospect and the Mahefedok mineral resource — the company’s primary graphite asset — are 3.5 kilometres from its Graphmada large-flake graphite mine and refurbished processing plant.