Business
SRG Graphite Drills 55 Meters of 8.9% Graphitic Carbon at Lola Deposit in Guinea, West Africa
MONTREAL, Sept. 13, 2017 (GLOBE NEWSWIRE) -- SRG GRAPHITE INC. (TSX-V:SRG) (“SRG” or the “Company”) today announced assay results from 12 boreholes drilled at t
About this update from Falcon Energy Materials Plc
[{"type":"text","content":"MONTREAL, Sept. 13, 2017 (GLOBE NEWSWIRE) -- SRG GRAPHITE INC. (TSX-V:SRG) (“SRG” or the “Company”) today announced assay results from 12 boreholes drilled at the Company’s Lola Graphite Deposit (“Lola”) in eastern Guinea, West Africa. Nine of the 12 drill intercepts returned grades above 10% graphitic carbon (“Cg”), including 10.06% Cg over 48.0 meters (“m”) combined intercepts. These results continue to expand the high-grade potential of the Lola Graphite Deposit. (Drilling results are shown in Table 1.) Highlights Borehole LL36-262441 returned 10.06% Cg over 48.0 m of combined intercepts, including 15.15% Cg over 22.5 m. Borehole LL36-239433 returned 6.69% Cg over 36.0 m of combined intercepts, including 10.27% Cg over 21.5 m. The current drilling program is aimed at producing a maiden mineral estimate for Lola’s surface weathered profile (from the surface to a depth of approximately 30 meters), which is to be included in a preliminary economic assessment scheduled for completion in Q4 2017. The weathered profile is approximately 32% thicker than SRG’s initial estimate of 20 meters, with several holes demonstrating vertical thicknesses of up to 50 meters. The table below presents a summary of the 12 drill hole results. Mineralized intervals were defined using a 1.0% Cg cut‑off grade (“cog”). All boreholes were drilled at an inclination of 50 degrees from horizontal and cross-cut the geological succession as perpendicular as possible. The graphitic paragneiss displayed foliation dipping between 80 and 85 degrees to the west. Table 1: Drilling Results Hole-ID From (m) Length (m) CG (%) LL36-119389 0.00 27.30 2.58 LL36-143397 0.00 21.00 2.77 LL36-262441 0.00 55.50 8.92 including *1 48.00 10.06 including *2 22.50 15.15 LL36-289450 0.00 46.10 6.80 including *2 7.50 11.83 LL36-313459 0.00 40.00 4.89 including *1 21.00 7.75 including *2 7.00 11.84 LL36-337469 0.00 12.00 1.36 LL36-239433 0.00 36.00 6.69 including *1 21.50 10.27 including *2 11.50 14.95 LL6-217425 0.00 36.30 5.84 including *1 16.80 10.24 including *2 7.80 17.41 LL36-191413 0.00 37.40 4.32 including *2 1.50 10.10 LL36-167405 1.50 24.00 3.51 including*2 2.00 12.60 LL36-205528 4.50 30.50 5.72 including*2 5.00 12.12 LL36-228537 0.00 45.00 5.70 including *2 9.00 12.28 1 3% Cg c...