Blencowe Resources #BRES appoints SGS Lakefield to complete metallurgical test work for the Orom-Cross Graphite Project Exec Chairman Cameron Pearce said"..“The first phase of metallurgical test work completed during the Orom-Cross due diligence exercise provided evidence that the graphite concentrate could achieve minimum standard 94% TGC. This next phase of work is designed to take the product to the next level and is targeting a higher grade 95-97% TCG as well as increased recoveries..."
RNS Number: 0020 V Blencowe Resources PLC 04 August 2020 Date: 4 August 2020 Blencowe Resources. Appointment of SGS Lakefield to complete Metallurgical Test Work for Orom-Cross Project. The Company is pleased to announce that further metallurgical test work will commence shortly on its Orom-Cross graphite project in Northern Uganda.
Blencowe Resources #BRES Orom-Cross JORC resource drilling program completed: ~ Initial results suggest 8-10m tonnes delineated to a JORC (2012) standard ~ Significant weighting high value jumbo extra-large & large flakes which would provide the initial resource for 10 years of mining ~ Area targeted on this initial drilling campaign represents less than 1% of the Project acreage and the Company is well positioned to expand reserves and ultimately production should demand dictate ~ Final data from the most recent drilling will be combined with existing results and studies to deliver a maiden JORC resource in Q3 2020.
RNS Number: 4133 T Blencowe Resources PLC 20 July 2020 Date: 20 July 2020 Blencowe Resources Plc. JORC Resource Drilling Program Completed at Orom-Cross Graphite Project. The Company is pleased to advise it has now successfully completed its diamond drilling program on its Orom-Cross Graphite Project in Northern Uganda.
RNS Number: 2648 T Blencowe Resources PLC 16 July 2020. TR-1: S tandard form for notification of major holdings. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Blencowe Resources #BRES - Current Price: 7.20p Market Cap (M): £7.08 EV (M): £4.8 Following a review and remodelling of the geophysical survey program data acquired earlier this year, as well as historical pitting and drill results, a highly prospective High-Grade Zone has now been outlined approximately 250m from the current exploration camp site and in close proximity to the site of the proposed processing plant. A single diamond drill hole has been completed to a depth of 30m to test both the weathered zone and possible graphite mineralisation. The hole has returned visible high grade graphite over 28m of 30m of intersection, with weathering extending to the base of the hole. Based on prior samples taken in this particular area the expectation is for grades of up to double the 6-8% average Orom-Cross grade. Subsequent logging by company geologists has also identified zones of large to jumbo flakes in the core. As the location of this exciting find is close to the intended location of the processing plant, the Company has now authorised the redirection of a drill rig to complete a 9-15 hole program to delineate the Lode, which will occur following the completion of the current drill program and within the current budgeted numbers. The discovery of this High-Grade Zone is important for three reasons: If this high grade zone is of significant size it could mean that the site of the processing plant has to be relocated If the grades are indeed double the average 6-8% of the Orom-Cross deposit, it will need changes to the design of the processing plant to cater for these higher grades A high-grade zone has the potential to make a significant impact on the profitability of the proposed operation. Grade is one of the key determinants of profitability of mining an orebody. However, with graphite the size of the flakes is equally important. Given that the geologists, during logging of the core, identified large to jumbo flakes, BHC believes that this new discovery has the potential to dramatically improve the economics of the project.
Blencowe Resources #BRES Orom Cross graphite drilling programme update: ~59 hole drill program ~ 57 holes completed, 1st 20 hole batch assayed next week ~ 2nd drill rig mobilised at high grade zone ~ Maiden JORC (2012) Indicated Resource in Q4
RNS Number: 7755 R Blencowe Resources PLC 02 July 2020 Date: 2 July 2020 Blencowe Resources Plc. Blencowe Nears Completion of Phase 1 Drilling Program at Orom-Cross Graphite Project. The Company is pleased to provide a further update to the comprehensive JORC Resource diamond drilling program that has commenced on its Orom-Cross Graphite Project in Northern...
Blencowe Resources #BRES update on High-Grade Graphite Zone ~First diamond drill hole returns visible high-grade graphite ~Further drilling now underway to delineate the lode ~First hole now being prepared for assay Executive Chairman Cameron Pearce commented; “We are very enthusiastic to note the potential of this new high-grade zone based on visual inspection. We look forward to receiving the assay results and in the meantime, we are going to escalate the drill programme in the vicinity to identify the extent of this zone. This additional high grade zone would add material value to the overall project and we look forward to reporting further on the drilling and assays in due course."
RNS Number: 0043 Q Blencowe Resources PLC 16 June 2020 Date: 16 June 2020 Blencowe Resources Plc. Update on the recently identified High-Grade Graphite Zone at Orom-Cross Project. The Company is pleased to provide a further update to the comprehensive JORC Resource diamond drilling program that is underway on its Orom-Cross Graphite Project in Northern...
#BRES Blencowe Resources and the Orom #Graphite project featured in SMALL CAP MOVERS section of Daily Mail - "Blencowe now owns the Orom Graphite Project in northern Uganda, a development that has clearly resonated with investors"