Rock chip samples return exceptional results for junior Madagascan graphite company

  • Rock chips values up to 48% Total Graphitic Carbon (TGC) achieved
  • Mapping and rock chipping identifies new, high-grade target zones for further investigation during upcoming trenching program
  • Results have further expanded the footprint of Maniry Graphite Project

BlackEarth Minerals NL (ASX: BEM) (BlackEarth or the Company) is pleased to provide an update on the recently received rock chip assays and mapping from the Maniry Graphite Project in southern Madagascar.

Mapping by the BlackEarth technical team has identified a number of outcropping graphitic schists within 2km of the Razafy Graphite Resource, with rock chipping returning exceptional assay results from all of the identified lenses (Figure 1). These zones of high-grade mineralisation will be systematically explored during the upcoming trenching program at Maniry that is due to commence during October. The results of this program are expected to be reported towards the end of the year.
In total, 56 rock chips were taken: the vast majority of which returned grades >10% TGC, with two results >40% TGC.
The confirmation of mineralisation in this area has further expanded the footprint of the Maniry Graphite Project and once again bolstered BlackEarth’s positive view of the project. Critically, the identification of these exceptionally mineralised lenses towards the under-explored, north west corner of the project area is suggestive of a previously un-recognized area of high-grade mineralisation.

BlackEarth’s Managing Director, Tom Revy commented: “BlackEarth’s Razafy Graphite Prospect continues to deliver exceptional exploration results. We have to turn this advantage into a compelling business case; and reward for our shareholders should follow.”

“BlackEarth’s next short-term hurdle is completion of the Scoping Study by the end of this year with the ultimate goal of delivering large flake graphite into the premium market.”

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