SRG Graphite Reports Additional Drill Results from Lola Graphite Project in Eastern Guinea; Announces New Appointments to Board of Directors

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[{"type":"text","content":"MONTREAL, Nov. 02, 2017 (GLOBE NEWSWIRE) -- SRG GRAPHITE INC. (TSXV:SRG) (“SRG” or the “Company”) today announced more strong drilling results from the Company’s Lola Graphite project in Eastern Guinea, West Africa. The Company is in receipt of assay results from 23 boreholes, 13 of which returned thicknesses of more than 30 meters in the surface weathered profile. Composite results are shown in Table 1. \"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. “We are very pleased with the ongoing strong results and look forward to completing the maiden mineral estimates and preliminary economic assessment for the property by the end of this year.” Table 1: Composite Results The following table presents a summary of the 23 drill hole results. Mineralized intervals were defined using 1.0% Cg cut‑off grades (“cog”). HOLE-ID FROM LENGTH CG   (m) (m) (%) LL36-255545 0.00 44.00 2.14 LL36-279554 1.50 40.50 6.18 Including*1   18.00 10.99 LL36-303564 1.50 33.00 3.42 Including*1   5.50 9.25 LL36-171622 4.50 31.50 3.57 LL36-196631 0.00 42.20 3.96 LL36-245648 25.50 17.50 3.88 LL36-269658 0.00 33.50 5.96 Including*1   12.50 9.63 LL36-296666 0.00 21.00 3.46 LL39-141022 0.00 39.40 5.61 LL39-117013 3.00 39.20 7.13 Including*1   15.20 11.82 LL39-094004 4.00 32.60 7.05 LL36-070796 1.70 34.40 4.01 Including*1   10.50 9.31 LL39-164030 0.00 40.50 3.98 LL39-188038 0.00 27.20 3.89 LL39-258064 4.00 18.00 3.01 LL39-218252 2.00 5.50 3.74 LL39-242261 3.00 15.00 4.55 LL39-195244 0.00 34.50 6.23 Including*1   10.50 9.66 LL39-171235 0.00 39.30 7.19 Including*1   16.80 13.01 LL39-148227 3.00 28.50 2.40 LL39-124218 1.50 25.50 2.99 LL39-124429 0.00 27.00 6.86 Including*1   19.50 8.45 LL39-100420 0.00 30.00 4.12 *13% Cg (cog). The current drilling program aims at producing the first mineral estimates for the property’s surface weathered profile, which will be included in the preliminary economic assessment currently under DRA-Met-Chem assessment. 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 def...

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