Bora Bora Resources has commenced an Airborne Electromagnetic (VTEM) survey at the Matale Graphite Project in central Sri Lanka. In addition, the North Paragoda survey block approvals and flight plan have been finalized and a VTEM survey will begin at the conclusion of the Matale survey.
Bora Bora’s managing director Chris Cowan and non-executive director Andrew Johnstone were on site for the beginning of the first-ever helicopter electromagnetic survey in Sri Lanka’s history.
“The survey has generated great interest in Sri Lanka and is very positive for mineral exploration in the country,” says Chris Cowan. Bora Bora commissioned Australia-based Geotech Airborne to complete the survey and used a local Sri Lankan company to provide the helicopter platform.
Bora Bora plans to collect an initial 1587km of data in two blocks over its Matale and Paragoda North tenements. The survey will also cover a number of graphite occurrences assisting with final interpretation of the data and targeting of new anomalies for ground follow up.
Sri Lanka historically has never been explored using modern airborne exploration. The VTEM survey allows Bora Bora a first mover advantage in a geological setting with the highest known grades of graphite in the world, typically 90% or greater in total carbon (TGC). Graphite is a conductive form of carbon and electromagnetic surveys have historically been successful in detecting occurrences at ground level and from the air.
Bora Bora is a Perth-based graphite exploration company focused on the Matale project in Sri Lanka. Bora Bora acquired a 75% interest in Matale near Kandy through a deal with Plumbago Mining. Matale is situated on 30sqkm surrounding the historic Kahatagaha Kolongaha Graphite Mine (KKGM), which has produced more than 300,000 tonnes of high-grade graphite since 1872. Bora Bora has additional interests surrounding KKGM under application as well as in other regions of Sri Lanka.