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SRG Graphite Inc.
Summary
| Project: | Lola | |
|---|---|---|
| Deposit: | Gogota | |
| Location: | Guinea | |
| Commodities: | Cobalt-Nickel-Scandium-Iron-Magnesium | |
| Date: | 1/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-1-2018: SRG Graphite Inc. announces an Exploration/Drilling Update report for its Gogota deposit at the Lola project. Assays from old drillhole results incl. 23m @ 0.18% Co, 1.27% Ni, 39.14g/t Sc, 51.63% Fe, 0.4% MgO from 6m. MONTREAL, Jan. 23, 2018 -- | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Marc-Antoine Audet (Internal) | |
| ABSTRACT: | MONTREAL, Jan. 23, 2018 -- SRG Graphite Inc. (TSXV:SRG) (“SRG” or the “Company”) today announced the resumption of activities at the cobalt-nickel-scandium project, known as the Gogota deposit at the Company’s Lola Project in Guinea. SRG will be resuming activities on the Gogota deposit and expects to file a National Instrument (“NI”) 43-101 compliant maiden mineral resource estimate in H1 2018. SRG acquired the Lola project from Sama Resources in a transaction in 2016. The Gogota deposit was discovered during a regional exploration program carried out over portions of the Lola project in 2013 (reference Sama Resources’ press release dated March 7, 2013). Of the 51 vertical drill holes carried out over the Gogota Deposit, 31 were drilled over a 200-meter by 400-meter grid and 20 were drilled over a 200-meter by 200-meter grid. The first phase of samples from 31 drill holes representing 800 samples were sent for analysis and returned significant cobalt (“Co”), nickel (“Ni”), and scandium (“Sc”) results, among others. The second phase of 20 drill holes representing 425 samples, which are still pending, have been sent to the lab for analysis. “We are very optimistic about the potential of the Gogota deposit,” said Marc-Antoine Audet, President and Chief Executive Officer, SRG. “We are looking forward to receiving the additional results and moving forward with the maiden resources.” | |
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