Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Cygnus Metals Limited: Issue of Performance Rights
FPX Nickel Announces Share-Based Compensation Grant
Blue Lagoon Resources Officially Opens Dome Mountain Gold...
Crypto Market Recap: Bitcoin Hits All-Time High as...
DoD Invests US$400 Million in Rare Earth Firm...
JZR Gold Inc. Announces Private Placement Offering of...
Top 5 Canadian Mining Stocks This Week: Avanti...
Trump’s tariffs on Brazil could make your coffee...
BHP Faces AU$1.3 Billion Wage Adjustment for Queensland...
​Royal Gold to Create Streaming and Royalty Giant...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Investing

Springdale Continues to Build with Further Spectacular Diamond Drilling Assays

by admin October 3, 2024
October 3, 2024
Springdale Continues to Build with Further Spectacular Diamond Drilling Assays

International Graphite Limited (ASX: IG6) has received further spectacular graphite assays from six diamond holes at the Springdale Central deposit – part of the Company’s 100% owned Springdale Graphite Project near Hopetoun-Ravensthorpe on the south coast of Western Australia (Figure 1).

HIGHLIGHTS

Another set of spectacular assay results from diamond drilling at the Springdale Central deposit.Stand out graphite intercepts1 include: 11.1m @ 16.9% Total Graphitic Carbon (TGC) from 23.1m downhole (SGDD0021) 13.4m @ 19.2% TGC from 35.3m downhole, including 2.9m @ 31.4% TGC from 38.8m downhole (SGDD0021)10.3m @ 36.3% TGC from 41.8m downhole (SGDD0022)3.8m @ 21.3% TGC from 17.2m downhole, including 3.1m @ 25.5% TGC from 17.9m downhole (SGDD0017)9.7m @ 6.2% TGC from 75.8m downhole (SGDD0017)28.7m @ 12.1% TGC from 93.0m downhole, including 4.1m @ 23.3% TGC from 112.0m downhole (SGDD0019)

It follows outstanding results received last month2 from the Springdale Mason Bay deposit.

A ten-hole PQ diamond drilling program was completed between May and July this year at the Mason Bay and Springdale Central deposits. The program focussed on geotechnical drilling, to inform mine planning and permitting, and to provide metallurgical data for concentrator plant process design.

Of the six holes drilled at Springdale Central, SGDD 22 – a twin of SGRC 18 – and SGDD 21 are located approximately in the centre of the Springdale Central and SGDD 17 and 19 were drilled at the northern end of Springdale Central. The results continue to confirm the continuity of mineralisation along strike, the grade and overall veracity of the mineral resource. SGDD 18 and 20 were drilled for geotechnical purposes in the proposed pit walls of Springdale Central.

Managing Director and CEO Andrew Worland said, “We have said it before, but it bears repeating, it is clear to us that a spectacular graphite deposit is continuing to reveal itself at Springdale. The more we drill at Springdale the more high grade, thick, near surface intercepts of graphite mineralisation we find. So many of the key determinants for a low-cost mine are present: shallow overall deposit depth, limited drill and blast, good grades, oxidised material for processing, single product lines – and all in a tier one mining jurisdiction. On top of all the positive attributes, the exploration potential for future mineral resource growth is clear to see.”

Figure 2 shows the location and significant intercepts of the six diamond holes at Central. Results are detailed in Tables 1 and 2.

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
Vertex Acquires Drill Rig to Advance Exploration, at the High-Grade Reward Gold Mine, Below the Existing Resource
next post
Black Mountain: Strategy & Drilling Plans

You may also like

Strong Momentum Continuing at Flicka Lake Gold and...

December 2, 2024

Saga Metals Lists on TSX-V

September 24, 2024

Ian Rodger Appointed Managing Director

July 1, 2025

Crypto Market Recap: Bitcoin Funds Hit US$7 Billion,...

June 10, 2025

Joint Venture Secured over Advanced Gold Project in...

February 12, 2025

Brunswick Exploration Drills 36 Meters at 1.51% and...

April 25, 2025

The Royal Women’s Hospital Joins CLEO Ovarian Cancer...

November 27, 2024

Trump’s Trade Tactics Shake Up Global Commodities Markets

February 5, 2025

Crypto Market Recap: Russia Uses Crypto for Oil,...

March 15, 2025

Harris vs. Trump: The 2024 US Election, Drug...

October 3, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Cygnus Metals Limited: Issue of Performance Rights

      July 12, 2025
    • FPX Nickel Announces Share-Based Compensation Grant

      July 12, 2025
    • Blue Lagoon Resources Officially Opens Dome Mountain Gold Mine in British Columbia

      July 12, 2025
    • Crypto Market Recap: Bitcoin Hits All-Time High as ETF Inflows and Legislation Align​

      July 12, 2025
    • DoD Invests US$400 Million in Rare Earth Firm MP Materials

      July 12, 2025
    Promotion Image

    banner ads

    Categories

    • Business (765)
    • Economy (829)
    • Investing (2,394)
    • Politics (737)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 smarttradeinsights.com | All Rights Reserved