Uranex finds new graphite zone in Tanzania

Uranex Limited finds new graphite zone in TanzaniaUranex Limited (ASX:UNX) has discovered a new graphite zone from a recent survey in at the Nachu Tenement in South East Tanzania, 40 kilometres from Syrah's Nachingwea graphite deposit.

During the recent survey, several new outcrops of graphitic schists were identified, including a narrow seam of what appears to be high grade graphite.

This discovery is in the south west of the tenement, where the graphitic content is visibly significantly higher than other outcrops across the tenement where previous assays have shown graphitic carbon content up to 13.95 per cent Cg.

Upcoming trenching and analysis of representative samples will establish the grades accurately of this new discovery.

Visual examination alone suggests that the new SW zone is of a significantly higher grade than all previous discoveries on the tenement.

Two outcrops were found in this area and exploration pits to 1.5 metres depth were dug on each of them.

Next phase of exploration

The next phase of exploration on this tenement will begin on 10 June 2013 with the commencement of a pitting and trenching programme.

The aim of the programme will be to confirm initially the width of the mineralised zones in the various areas and provide representative samples for analysis.

Composite samples of the various areas will also be taken for metallurgical investigation.

The initial series of trenches will be dug at approximately 2 kilometre intervals. Infill trenching will then be focused on the most prospective areas.

It has been estimated that this initial programme of work will take approximately 8 weeks.
Source:  Proactive Investors, reported from Australia 

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