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SRG Graphite Inc.
Summary
| Project: | Lola | |
|---|---|---|
| Deposit: | Lola | |
| Location: | Guinea | |
| Commodities: | Graphite | |
| Date: | 7/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-7-2017: SRG Graphite Inc. announces an Exploration/Drilling Update report for its Lola deposit at the Lola project. Drilling results incl. 34.50m @ 5.36% TCG from 0.0m. Montreal, Quebec, July 19, 2017 – SRG GRAPHITE INC. (TSXV: SRG) (“SRG” or the “Comp | |
| Resources: | x | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Montreal, Quebec, July 19, 2017 – SRG GRAPHITE INC. (TSXV: SRG) (“SRG” or the “Company”) today announced drilling results, which continue to expand the potential of the Company’s Lola Graphite project in Eastern Guinea, West Africa. Assay results from 27 boreholes continue to confirm the high-grade potential of the Lola Graphite deposit with ten intercepts grading above 10% graphitic carbon (“Cg”). Composite results are shown in Table 1. The current drilling program aims at producing the first mineral estimates for the property’s surface weathered profile, which will be included in a preliminary economic assessment scheduled for Q4 2017. The weathered profile is approximately 32% thicker than the Company’s initial estimate of 20 meters, with several holes demonstrating thicknesses of up to 50 meters. The drilling program will cover approximately 16% of the total surface area of deposit as defined by geological mapping, a geophysical Max-Min survey and previous drilling and pitting. "Drill results continue to reaffirm our belief in the quality of this remarkable graphite asset," stated Dr. Marc-Antoine Audet, President and Chief Executive Officer, SRG. Core logging and sampling was performed at SRG’s facility in the Lola village. Sample preparations were performed at Veritas Laboratory in Abidjan, Ivory Coast. Sample pulps were delivered to Activation Laboratories Ltd., Ancaster, Ontario, Canada. The samples were treated through a multistage furnace process to remove organic carbon and carbonate carbon. The remaining graphitic carbon was measured as carbon dioxide in the infrared (“IR”) cell as gases flow through the cell. Carbon dioxide absorbs IR energy at a precise wavelength within the IR spectrum. All analysis were performed using Eltra instruments. | |
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