WMN unveils additional drilling results from Tamboli project

Tuesday, March 17 2015 - 02:01 AM WIB

By Romel S. Gurky

ASX-listed Western Mining Network Limited (WMN) announced Tuesday receipt of further assays and mineralogical results from the Tamboli Project in Kolaka, Southeast Sulawesi

Assay results from the twelve additional drill holes received are: DH_MS004, DH_MS005, DH_MS006, DH_MS008, DDH_MS015, DDH_MS016, DH_MS019, DH_MS020, DDH_MS020R, DDH_MS021, DH_MS022 and DDH_MS023.

The company said in a statement that completion of the fifteen diamond core drill holes is used to evaluate vertical and lateral continuity of the graphite mineralization for further resources definition.

Further assessment for resources definition reporting is ongoing, it added. An independent assay check from other laboratory for the Loss On Ignition (LOI) will be carried out.

?All drill holes noted to have visible flake graphite existence. These additional assay results further reaffirmed our confidence that Tamboli could become an excellent graphite project,? WMN said.

The LOI result is assumed of the oxidized carbon content which may reflect the Total Graphitic Carbon content. The graphitic carbon is the graphitic carbon which may have either amorphous and/or crystalline graphite. Although visible evidence of flake graphite has been observed under magnification, further testing is being carried out to quantify the distribution of flake and amorphous graphite. An independent laboratory check the LOI result for pairing and the assessment for resources estimation report preparation will be carried out as soon as possible.

The analysis for twelve additional drill holes is done with the following sample information as shown on table

Drill Hole Code Maximum

LOI(%)

Minimum

LOI(%)

Weighted Avg. (*)

LOI (%)

Number of Samples
DH_MS004 22.35 4.31 6.80 17
DH_MS005 13.01 1.43 6.65 114
DH_MS006 14.62 1.36 6.87 120
DH_MS008 16.96 1.88 5.12 61
DDH_MS015 13 0.59 6.55 101
DDH_MS016 16.09 1.63 6.05 100
DH_MS019 27.19 2.83 12.31 74
DH_MS020 6.78 1.90 3.94 25
DDH_MS020R 11.12 1.73 6.2 65
DDH_MS021 16.34 1.41 7.83 82
DH_MS022 17.80 1.81 5.27 68
DDH_MS023 15.39 2.11 6.64 66

The highest (maximum) result intercept found at the depth from the surface as shown on table

Drillholes From (depth m) To (depth m) Thickness (m)
DH_MS004 7.00 7.70 0.70
DH_MS005 57.00 58.00 1.00
DH_MS006 87.00 88.00 1.00
DH_MS008 45.75 46.00 0.25
DDH_MS015 30 31 1.00
DDH_MS016 70 71 1.00
DH_MS019 24.00 24.45 0.45
DH_MS020 17.00 17.35 0.35
DDH_MS020R 68 69 1.00
DDH_MS021 57 57.8 0.80
DH_MS022 55.50 56.00 0.50
DDH_MS023 24.5 25.7 1.20

Editing by Reiner Simanjuntak

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