- Bass Metals (BSM) has completed its first phase of exploration drilling at its Graphmada Mining Complex in Madagascar
- The company has drilled 76 shallow auger holes at the Ambatofafana prospect, with each hole drilled to an average depth of 11.5 metres
- This program has delivered some of the highest and thickest intersections of flake graphite recorded with up to 11.4 per cent fixed carbon intersected
- Now that the first phase of drilling is complete, Bass has moved its focus to Ambatofafana West
- However, due to the results from Ambatofafana, the company will undertake phase two drilling to test the mineralisation footprint to the north
- Bass has ended the day 12.5 per cent in the red, with shares trading at 0.7 cents
Bass Metals (BSM) has completed its first phase of exploration drilling at its Graphmada Mining Complex in Madagascar.
The company has drilled 76 shallow auger holes at the Ambatofafana prospect with the holes drilled to an average depth of 11.5 metres.
This program has delivered some of the highest and thickest intersections of flake graphite recorded to date.
Best results include 11.5 metres at 7.2 per cent fixed carbon (FC) including 3.5 metres at 11.4 per cent FC, and 11.5 metres at 7.7 per cent FC including 3.5 metres at 10.7 per cent FC.
Pleasingly, these results have extended the mineralised footprint between the Mahela and Loharano zones beyond the interpreted 4.5-kilometre strike.
Now that the first phase of drilling is complete, Bass has moved its focus to Ambatofafana West.
However, due to the results from Ambatofafana, Bass will undertake phase two drilling to test the mineralisation footprint to the north.
Bass has ended the day 12.5 per cent in the red, with shares trading at 0.7 cents in a $34.60 million market cap.