Margosa continues to explore its extensive graphite tenure in Sri Lanka during the disruptive and uncertain times of the pandemic. Whilst currently focused on developing the Ridee Ganga Vein Graphite Project at its Pathakada tenement, the future development of the company’s other exploration licences is moving ahead. Margosa’s Regional Geology team, led by Project Geologist, Kasun Kariyawasam, are currently working on the Waharaka Exploration Licence, located 40km east of Colombo.

Margosa first identified the Waharaka Licence as a site of significant graphite mining history in 2012 and following the receipt of the licence, completed detailed reconnaissance works in the area. In 2017, this tenement was a focus of the Helicopter-borne Time Domain Electromagnetic survey (HDTEM) and subsequent modelling of this survey identified priority targets. The Regional Geology team’s recent field work has focused on a detailed follow-up of the HDTEM modelling alongside review of the Geological Survey and Mining Bureau’s (GSMB) geological mapping. The team has identified numerous historical workings, including substantial adits and shafts located within the tenement.

Margosa’a exploration drilling team will now design a drill program to further test the priority targets at the Waharaka Licence, whilst the Regional Geology team will look to expand their exploration at the company’s additional licences.

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