Blencowe Resources completes diamond drilling at Orom-Cross
The drill program was designed to delineate around 8 to 10 million tonnes to a JORC (2012) Indicated standard, which would provide the initial resource for 10 years of mining.
The resource company said final data from the most recent drilling will be combined with existing results and studies to deliver a maiden JORC resource in the third quarter of 2020.
Since the last operation update in July, the company has focused on further infill and step out drilling at both the Western Anomaly as well as the newly discovered High Grade Camp Lode.
In total, 65 holes with a combined total meterage of 1,950m have been drilled which still only represents less than 1% of the Project acreage.
Shares in Blencowe Resources closed at 6.25p on Friday afternoon.
In addition, geological logging of the holes and core sample delineation has been completed and will shortly move the remaining samples to the assay labs in Tanzania, the group said.
Despite an increase in drilling metres following the discovery of a high-grade zone, Blencowe said the program was successfully completed ‘within budget and without incident.’
Initial results suggest that Blencowe will achieve its objective of providing an initial resource for 10 years of mining and the group has identified that there is ‘a significant weighting of higher value jumbo, extra-large and large flake sizes within the identified resource.’
As a result, Blencowe said that it is ‘well positioned to expand reserves and ultimately production should demand dictate.’
"Despite the various challenges faced by Covid-19 restrictions our in-country partners ADT Drilling and Minrom have completed a highly successful drill program in good time,” said Cameron Pearce, Executive Chairman of Blencowe Resources.
He added, “In the process we discovered a new high-grade lode which will add value to our overall project. The next step is to move the remaining samples for assaying and ultimately to deliver a JORC Resource in the current quarter.
The Phase Two metallurgical test work for Orom-Cross is well underway as we continue to build our knowledge of our end product ahead of engaging in discussions with interested parties.”
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