Graphite explorer Bora Bora Resources has been granted an additional 156sqkm of exploration licences prospective for high grade graphite over the Baduraliya, Neluwa and Paragoda projects. This brings the licence total in central and southern Sri Lanka to 197sqkm.

The company now has a position around several historically productive, high-grade graphite regions, including areas directly south of the prolific Kahatagaha-Kolongaha Graphite Mine (KKGM). In production since 1872, the mine has produced more than 300,000 tonnes of graphite at 90%, or greater total graphitic carbon (TGC).

The new licences allow Bora Bora to immediately commission airborne electromagnetic surveys to determine the graphite potential of its central project areas in Matale, Paragoda North and Paragoda South. Graphite has a conductive form of carbon electromagnetics allowing for detection both on land and from the air.

Matale covers 32sqkm of exploration licences and 114sqkm of applications northwest of Kandy, directly contiguous to the Kahatagaha-Kolongaha mine. The project surrounds a region with three graphite-producing mines and is deemed highly prospective for mineralization of 90% or greater TGC, containing old pits and workings from historical artisanal operations that exploited graphite from deposits at surface.

The Paragoda North and South projects cover 62sqkm of exploration licences northwest of Kandy. The projects cover two distinct ridges along strike from the main geological feature to the north, believed to contribute to the source of the graphite mineralization at KKGM. The areas are both within 30km south of KKGM.

The Baduraliya project covers 42sqkm of exploration licences in the Matugama region in southern Sri Lanka in a high-grade graphite-bearing and producing area. The Neluwa project covers 52sqkm of exploration licences in the Matugama region in a historical high grade graphite-bearing and producing area.

The Ambalangoda project covers 9sqkm of exploration licences in the Galle region in southern Sri Lanka, in an area identified by the Sri Lankan mines department as one of the country’s main graphite-bearing areas. The Rakwana project covers 15sqkm of exploration licence applications in southern Sri Lanka, a region that formerly produced high grade graphite.

Bora Bora is an ASX-listed company which has recently acquired a highly prospective suite of graphite projects in Sri Lanka. Bora Bora has submitted applications for additional areas of interest in Sri Lanka.

http://boraboraresources.com

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