Annual Report 2012 - Syrah Resources Ltd
Annual Report 2012 - Syrah Resources Ltd
Annual Report 2012 - Syrah Resources Ltd
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<strong>Syrah</strong> <strong>Resources</strong> Limited <strong>Annual</strong> <strong>Report</strong> <strong>2012</strong> > Operations <strong>Report</strong> Continued<br />
Trenching<br />
<strong>Syrah</strong> initially dug 6 exploration trenches at Balama<br />
West and 2 trenches at Balama East. The program was<br />
designed to test the grade of graphite outcropping at<br />
surface in these areas. The results showed an average<br />
grade across all trenches of 14.5% TGC.<br />
Drilling<br />
The first ever drilling on the Project commenced at<br />
Balama West in May <strong>2012</strong> with a diamond drilling<br />
campaign. It became apparent after just the first hole<br />
(BMDD0001), that potential existed to define a deposit of<br />
global significance. BMDD0001 intercepted graphite and<br />
vanadium down its entire length of 287.5 metres, ending<br />
in mineralisation. A further fourteen holes were drilled<br />
at Balama West and all except hole 11 encountered<br />
graphite and vanadium down the entire length of between<br />
280 and 320 metres. Hole 11 encountered a 35 metre<br />
pegmatite at surface but otherwise was also mineralised<br />
down its entire length. Importantly, the very high grades<br />
encountered at surface (>15% TGC) in the trenches were<br />
also encountered down dip in the drill intercepts.<br />
Figure 5 - Trench 2 at Balama West area<br />
6<br />
Figure 6 - 3D view of the Balama Project showing 1) the 250 metre high hill that is composed of graphitic units<br />
2) the location of the two prospect areas within the large strike extent of the outcropping mineralisation, and<br />
3) all completed drill holes with the reported holes highlighted.
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