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Graphex drills high-grade graphite mineralization at Chilalo project

Graphex Mining Ltd. said Oct. 6 that it completed a 12-hole, 1,331-meter drilling program in and around the Shimba deposit within its Chilalo graphite project in Tanzania, with all holes intersecting high-grade graphite mineralization.

The program was designed to test two key targets within 200 meters from the Shimba deposit, with a view to increase the current high-grade resource.

Visual results from one target show a new zone of mineralization delivered widths greater than 45 meters, according to the statement.

Assays from the program are due in November, at which time resource modeling will be carried out.