SIGNIFICANT GRAPHITE INTERSECTIONS RECORDED AT BALAMA PROJECT, MOZAMBIQUE
- Maiden drilling program underway
- Graphite identified near surface on Licence 5873L, Northern Mozambique
- Initial drill hole intersected 21 metres of shallow graphite from 9 metres to 30 metres downhole depth on Licence 5873L
- 56 metres of shallow graphite intersected in a 76 metre hole on large EM signature in northern section of Licence 5873L
- Drilling program targeting possible northern extension of Triton Minerals world-class Nicanda Hill graphite deposit
- EM anomaly with a strike length of over 16 kilometres identified on Licence 5873L from recent SkyTEM geophysics survey
- Previous scout drilling (RC001 and RC002) samples returned assay grades of up to 17% TGC with high percentages of large to super-jumbo flake graphite on licences 5873L and 6527L
- Mustang targeting delineation of maiden JORC Mineral Resource Statement in 2016
Mustang Resources Ltd
(ASX:MUS) (“Mustang” or the “Company”) is pleased to announce that it has commenced Reverse Circulation (“RC”) drilling activities on its Balama Graphite Project in the Cabo Delgado Province of Mozambique.
To view Update please download PDF attached:
