Crater Gold is fast tracking graphite drilling and testing at its Golden Gate project in Croydon, NW Queensland, with a planned start date of late October or early November 2017. The company states that fresh drill core samples are required for metallurgical and mineralogical tests.
“If the metallurgical results are positive, we will quickly establish a diamond drilling program also encompassing to test for and substantiate the reported results of the historical drill holes,” explains Crater Gold managing director Russ Parker.
In May 2016, Metallica Minerals discovered rare, high purity graphite mineralisation at the Esmeralda project, 80km south of the Golden Gate project. The proximity of Crater Gold’s project to Metallica Minerals’ suggests that the former could achieve positive results for its Golden Gate mine.
The Esmeralda project is made up of hydrothermal graphite, which is much rarer and of higher quality than the more common metamorphic type, which makes up 95 per cent of graphite deposits.