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KAMPALA - Blencowe Resources Plc (LON:BRESB) has completed its Stage 7 drilling program at the Orom-Cross Graphite Project in Uganda, the company announced in a press release Thursday.
The campaign, described as the largest in the project’s history, consisted of 6,750 meters drilled across 239 holes and was conducted as part of the company’s ongoing Definitive Feasibility Study (DFS).
The drilling program was divided into four phases: geotechnical drilling to support pit design, infill drilling to upgrade existing resources, resource expansion drilling at new zones, and deep exploration to test mineralization continuity.
According to the company, all six deep exploration holes ended in graphite at depths exceeding 100 meters, which Blencowe says indicates potential for a larger resource than previously identified. The company also reported confirming a new graphite zone called "Beehive" located 3 kilometers from existing deposits.
Blencowe’s current JORC resource stands at 24.5 million tonnes at 6.0% total carbon, with classifications across measured, indicated, and inferred categories. The company stated it intends to deliver a revised JORC Standard Mineral Resource "within the near term" following the completion of this drilling program.
The drilling program also fulfilled requirements for a $5.0 million Technical Assistance Grant from the US International Development Finance Corporation, according to the press release.
Samples from the drilling campaign have been sent to JORC accredited laboratories in Tanzania for analysis, with initial assay results expected soon.
The company reports that Orom-Cross graphite demonstrates 96-97% TGC ( Total (EPA:TTEF) Graphitic Carbon) concentrate and 99.95%-99.99% TGC purified graphite, with approximately 70% large flakes, which it describes as a "key competitive advantage."
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