Earlier exploration work identified extensive graphite prospective rock units on the 999km2 tenement while an airborne electromagnetic (AEM) survey highlighted long linear zones of high conductivity, which correspond with surface graphite and the reported presence of graphite in historical exploration drill holes.
The company plans to drill 58 holes totalling about 4,700m and would test seven priority target areas based on surface sampling and conductive zones within regional airborne electromagnetic data.
Monax managing director Gary Ferris said all graphite-focused exploration at the site has increased the company’s belief that its 100% owned Waddikee Project has the potential to be a new graphite province.
"The aim of the drilling program is to follow up on coarse flake graphite discovered at both our Balumbah and Argent prospects – which are part of the Waddikee Project – and to test the interpreted zones of graphite from the AEM data," Ferris added.
The drilling program will also test the drill hole CP 528 that was drilled in 1982 by WMC Exploration and reported a 70m intersection of graphite gneiss.
Monax will redrill the WMC hole as no samples exist from the original drilling including a traverse of holes to the west of the original WMC Exploration hole to locate the thick zone of graphite closer to the surface.
The drilling program is expected to be completed in four weeks.
