Oakdale Resources Limited (ASX: OAR) – $0.160
24 Jun 2015
Oakdale Resources Limited (ASX: OAR) has intersected soft graphitic clays at the Oakdale Graphite Project in South Australia (Figure 1).
Figure 1. Location of the Oakdale Graphite Project
Four diamond drillholes intersected soft graphitic clays to be metallurgically tested. The metallurgical testwork is to confirm the high recovery of flake graphite and to confirm that the graphite in the soft graphitic clays can be readily recovered by economic, low cost simple washing methods without the need for crushing or pulverising. The initial test work is expected to be completed within five weeks.
The drilling program has comprised four diamond drillholes and 225 aircore drillholes for a total of 13,048.5 metres drilled.
Further aircore drilling will continue at the Oakdale Project to define additional potential of mining target zones into measured, indicated and inferred resources.
For further information, visit www.oakdaleresources.com.au
Resources Stocks to Watch (RSTW) is the leader in research on over 680 ASX listed micro to small-cap mining stocks and commodities. We are independent and do not accept commissions. We tell it like it is. Our reports are researched by experienced geologists and resources analysts, the experts in the field.