Black Mountain Resources Limited (ASX: BMZ) – $0.041

24 Feb 2017

Black Mountain Resources Limited (ASX: BMZ) has completed its maiden exploration program and a Mineral Resource and grade control drilling program at the Namekara Vermiculite Mine in South East Uganda (Figure 1).


BMZ Namekara Verm

Figure 1. Location of the Namekara Vermiculite Mine



The drilling program comprised 60 aircore and 8 diamond core drillholes totalling 2,415 metres with samples collected at every one metre interval.


The drilling program was designed to delineate an upgraded inferred Mineral Resource that would facilitate a Mining Ore Reserve. The company has also combined historical databases with its recent work by assaying and exfoliation of four different vermiculite flakes and particle size distribution for each one metre drillhole interval.


The company is expected to report on an upgraded Mineral Resource in the next week or so.


Vermiculite is used in various industries including construction, agriculture, horticulture and the industrial markets.



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