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SRG Graphite Inc.
Summary
| Project: | Lola | |
|---|---|---|
| Deposit: | Lola | |
| Location: | Guinea | |
| Commodities: | Graphite | |
| Date: | 10/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-10-2018: SRG Graphite Inc. announces an Exploration/Drilling Update report for its Lola deposit at the Lola project. Drilling results incl. 55.50m @ 8.98% Cg. MONTREAL, Oct. 17, 2018 /CNW Telbec/ - SRG Graphite Inc. (TSXV: SRG) ("SRG" or the "Company") | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Marc-Antoine Audet (Internal) | |
| ABSTRACT: | MONTREAL, Oct. 17, 2018 /CNW Telbec/ - SRG Graphite Inc. (TSXV: SRG) ("SRG" or the "Company") reports today on assay results for 162 new boreholes since announcing mineral resources last June, bringing the total to 557 boreholes over 18,037 metres ("m") drilled at its Lola Graphite deposit in Guinea, West Africa. In addition to the planned 2018 exploration program, which is now completed, management has decided to extend the drill program to take advantage of the cost-beneficial drill rig the Company has on site. The third phase of the drill program is ongoing with 60 additional boreholes over 3,000 m completed so far. The current drill-hole results cover approximately 60% of the deposit's surface footprint (see Figure 1). To date, only the weathered portion of the deposit has been drilled, representing the first 30 meters from the surface on average. The additional drilling program includes 10 boreholes designed for testing graphitic carbon ("Cg") at depths within the non-weathered rock assemblage below the graphite-rich surface saprolite. These drill results should help further understand the reach and depth of the deposit and, provide additional basis for the mineral resource update to be included in the feasibility study expected for H1 2019. | |
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