- Sarytogan Graphite (SGA) reports “exceptional” drill results from its namesake deposit in Central Kazakhstan
- Drilling to the northeast of the Central Graphite Zone and outside the resource area returned thick and high-grade results including 36.1 metres at 27.2 per cent total graphitic carbon (TGC)
- One hole also returned “extremely” high-grade results of two metres at 53.9 per cent and 13.8 metres at 43.8 per cent TGC
- Drilling is continuing at the Sarytogan deposit and is expected to wrap up by November, with an updated mineral resource estimate due early next year
- SGA shares were up 2.5 per cent to trade at 41 cents at 1:38 pm AEST
Sarytogan Graphite (SGA) has reported “exceptional” drilling results from its namesake deposit in Central Kazakhstan.
The company received thick and high-grade graphite results from four diamond holes drilled to the northeast of the Central Graphite Zone (CGZ) and outside the inferred mineral resource area.
Drill hole ST-71 returned a total of 133.9 metres of graphite mineralisation in separate intervals including 5.8 metres at 26.4 per cent total graphitic carbon (TGC) from 41.1 metres and 36.1 metres at 27.2 per cent TGC from 142 metres.
This hole was abandoned in graphite mineralisation at 218.8 metres.
ST-70 intersected high-grade graphite mineralisation from the surface, with intercepts of 14.3 metres at 28.5 per cent TGC and 32.5 metres at 32 per cent TGC from 57.3 metres including 8.2 metres at 35.6 per cent TGC.
In addition, Sarytogan received “extremely high grade” individual intercepts from hole ST-67, which included two metres at 53.9 per cent TGC and 13.8 metres at 43.8 per cent TGC.
The company said the latest results extended up 300 metres north of the previous known extent of the mineralisation and have the potential to extend the “already giant” mineral resource of 209 million tonnes at 28.5 per cent TGC.
“These exceptional drilling results are continuing to expand what is already a giant graphite deposit,” Managing Director Sean Gregory said.
“Sarytogan’s systematic approach is characterising the entire deposit area to identify the best location to be selected for future mining studies.”
Assays are pending for more holes completed in the project area, and the company plans to undertake infill drilling in the CGZ as well as drill five holes to extend the North Graphite Zone to the south and north.
Drilling is on track to be completed by November with an updated mineral resource estimate targeted for Q1 2023.
Sarytogan shares were up 2.5 per cent to trade at 41 cents at 1:38 pm AEST.