Sign up Australia
Proactive Investors - Run By Investors For Investors

MRL Corporation assays show 99.2% Total Carbon, Sri Lanka

Although still early days for MRL Corporation in Sri Lanka, the analytical results of 99.2% Total Carbon highlight the prospectivity of the area. With diamond drilling ongoing, near-term newsflow will continue.
MRL Corporation assays show 99.2% Total Carbon, Sri Lanka

Sri Lankan graphite-company MRL Corporation (ASX:MRF) has delivered more analytical assay results from diamond hole DHE228-01, which recently intersected high grade graphite in Sri Lanka.

Adding to the potential of the area, mineralisation continues in DHE228-04 towards the second shaft.

Today's highlight from the contact chill zone of DHE228-01 included 99.2% Total Carbon.

The company said that the result was unexpected as normally contact graphite averages around 85% Total Graphitic Carbon, and although the results are not representative of the entire orebody they indicate the possibility of extremely high grade pods within graphite mineralised zones.

A graphite vein was intersected last month and provided:

- Interval 91.62m to 92.32m averaged 94.1% TGC with results as high as 95.4% TGC; and

- Interval 97.0m to 97.9m averaged 97% TGC, with results as high as 97.8% TGC.

Assays are from the Pandeniya – Priority 1 Area within the Warakopola Project Area.


DHE228-04 intersects graphite


Drill hole DHE228-04 has intersected four graphite fingers at 30.59 metres, 35.8 metres, 38.05 metres and 38.7 metres - which the company said was at a shallower depth than anticipated.

This however is in line with the second shaft to the south west.

Intersections will not be analysed as they are not of sufficient widths to be representative of the thicker zones, such as intercepted in DHE228-01.

The intersections show continuity of veining between the shafts and the possibility of a much longer strike length than anticipated.


Next exploration steps

Following the completion of DHE228-02 & 03 deeper diamond holes under the Bopitiya site up to three additional shallow holes may be drilled over the Pandeniya zone.

The additional holes are likely to be sufficient to provide engineering staff the information required to apply for a mining permit over this area and precede towards mining.


Vein graphite

The grade of vein graphite is typically above 90% Cg, with a purity of 95-99% carbon without refining.

Vein graphite has higher thermal and electrical conductivity, and it also has the highest degree of cohesive integrity of all natural graphite.

Vein graphite is easy to mould and can be formed into solid shapes without the aid of a binding addition, which leads to considerable cost savings over lower grade feedstock. Products include microcrystalline, large flake / needle.


Analysis

Although still early days for MRL Corporation in Sri Lanka, the analytical results of 99.2% Total Carbon highlight the prospectivity of the area.

The next news will come following the completion of the DHE228-02 & 03 deeper diamond holes under the Bopitiya site.

The company will then look to drill some shallower holes, targeting sufficient information to provide engineering staff the information required to apply for a mining permit over this area and proceed towards mining.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

View full FGR profile View Profile

First Graphene Ltd Timeline

Newswire
January 24 2017
Newswire
October 07 2015

Related Articles

1523526822_gold_bars,_sized.png
April 12 2018
The Silver Cloud project lies on one of the world's richest gold belts
miners
February 06 2018
Coro Mining is on the move in Chile, with feasibility work nearing completion and new ground to work on
A manganese sample from the Bryah Basin Project
October 02 2018
Emerging new applications for manganese in batteries and energy storage are seen as exciting opportunities.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use