Mike Ralston CEO of Blencowe Resources talks about their 2nd Drilling Program at Orom-Cross Project
Episode 297, Aug 17, 2021, 11:05 AM
Mike Ralston CEO of Blencowe Resources #BRES talks about their 2nd Drilling Program at Orom-Cross Graphite Project in Northern Uganda.
Mike Ralston CEO of Blencowe Resources #BRES talks about their 2nd Drilling Program at Orom-Cross Graphite Project in Northern Uganda.
Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of larger flakes identified from previous work performed. A 21-year Mining Licence was issued by the Ugandan Government in 2019 following extensive historical work on the deposit and Blencowe is now moving into the studies phase as it drives towards first production.
Orom-Cross presents as a large, shallow open-pitable deposit, with a maiden JORC Indicated & Inferred Mineral Resource deposit of 16.3Mt @ 6.0% Total Graphite Content. Development of the resource is expected to benefit from a low strip ratio and free dig operations, thereby ensuring lower operating and capital costs.