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SRG Graphite Inc.
Summary
| Project: | Lola | |
|---|---|---|
| Deposit: | Lola | |
| Location: | Guinea | |
| Commodities: | Graphite | |
| Date: | 3/21/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 21-3-2018: SRG Graphite Inc. announces an Exploration/Drilling Update report for its Lola deposit at the Lola project. Drilling results incl. 16.5m @ 12.7% Cg from 0m. Montreal, Quebec, March 21, 2018 – 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, Quebec, March 21, 2018 – SRG Graphite Inc. (TSXV: SRG) (“SRG” or the “Company”) today announced drill results from its ongoing drilling program at the Company’s Lola graphite deposit in Guinea, West Africa. To date, 346 boreholes, totalling 9,600 meters (“m”), have been drilled on the property of which, 175 boreholes, totalling 4,698m, since the Company announced its maiden resource on December 22nd, 2017. Once completed, the 2018 drilling program will result in a coverage of approximately 35% of the total surface area of the deposit as defined by geological mapping, a geophysical Max-Min survey and previous drilling and pitting. See (Figure 1) With these results, along with upcoming results, the Company will have gathered sufficient data to produce a Preliminary Economic Assessment and continue to demonstrate the potential of the deposit. A drilling contract was awarded to Foraco S.A., an experienced drilling contractor, to expedite the completion of the 2018 drilling program. In addition, Foraco’s two drill rigs, the Company continues to contract Sama Resources’ drill rig for infill drilling and regional exploration due to its proximity, availability and cost effectiveness. | |
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