25 Jul Drilling ‘well advanced’ at Sarytogan Graphite’s Kazakhstan deposit
ASX-listed exploration firm Sarytogan Graphite is more than a quarter through a 4,000 metres diamond drilling campaign at its namesake graphite deposit in Central Kazakhstan.
The company, which listed on the ASX earlier this month, has completed 11 holes for 1,019 metes as of July 22 at the Sarytogan project. The broader drilling programme is aimed at testing zones outside the current mineral resource, providing drilling coverage across the Central Graphite Zone and upgrading the mineral resource estimate (MRE).
The MRE currently sits at 209 million tonnes (Mt) at 28.5% total graphitic carbon (TGC) for 60 Mt of contained graphite. Sarytogan will announce an update to the MRE after the drilling programme is completed. First assays from the campaign are expected before the end of this quarter.
“Sarytogan has hit the boards running as a newly-listed ASX company. Our established in-country team is already two months into the 2022 drilling campaign,” said managing director Sean Gregory.
“The drilling will advance our understanding of the giant Sarytogan Graphite Deposit which is already the highest grade and second largest graphite deposit amongst all globally listed companies.”
The Sarytogan deposit was first explored during the Soviet era in the 1980s, when sampling work was done via trenching and diamond drilling.