Oct 21, Colombo: An Australian company, Bora Bora Resources Limited has started airborne electromagnetic surveying at its Matale Graphite Project in Sri Lanka.
The Perth-based graphite explorer said in a disclosure to Australian Security Exchange that the company has commenced the Versatile Time Domain Electromagnetic (VTEM) survey following set up and testing of the system last week.
Both Bora Bora Managing Director Chris Cowan and Non-Executive Director Andrew Johnstone were on site for the commencement of the survey. It is the first time that a VTEM survey has been undertaken in Sri Lanka.
Bora Bora said it has commissioned international geophysics experts Geotech Airborne Limited to fly a minimum of 220 square kilometers of VTEM surveys across the Projects. A local Sri Lankan company was used to provide the helicopter platform that meets the stringent requirements of Geotech.
The company said it plans to collect an initial 1,587km of data in two blocks over its Matale and Paragoda North tenements.
The survey will also cover a number of known graphite occurrences which should assist with final interpretation of the data and targeting of new anomalies for ground follow up.
The initial blocks of data is expected to take approximately 3 to 4 weeks to collect depending on weather and a further period prior to receiving final data from Geotech to allow post processing to occur once the survey is completed.
Bora Bora Resources last month received approval from the Sri Lankan government to conduct airborne electromagnetic surveys across the island.
The projects are located contiguously and approximately 25km to the south of the Kahatagaha-Kolongaha Graphite Mine (KKGM) which has been in operation since 1872, and produced over 300,000 tons of graphite at 90% or greater total graphitic carbon (TGC).