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SRG Graphite Reports on Latest Drill Results from Lola graphite Deposit in Guinea, West Africa
MONTREAL, Quebec, March 21, 2018 (GLOBE NEWSWIRE) -- SRG Graphite Inc. (TSXV:SRG) (“SRG” or the “Company”) today announced drill results from its ongoing drilli
About this update from Falcon Energy Materials Plc
[{"type":"text","content":" MONTREAL, Quebec, March 21, 2018 (GLOBE NEWSWIRE) -- 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. Assay results, conducted by Activation Laboratories Ltd in Canada, have been received for 276 boreholes out of the 346 drilled to date. Composite results for 73 boreholes are shown in Table 1. Mineralized intervals were defined using 1.0% Graphitic Carbon grade (“Cg”) as a cut-off grade while highlights were defined using 3.0% Cg. Table 1: Composite Results of 73 boreholes HOLE-ID FROM LENGTH CG HOLE-ID FROM LENGTH CG m m % m m % LL39-077412 4.00 27.50 3.49 LL48-163165 21.00 18.00 4.05 including* 7.50 6.52 including* 10.50 5.35 LL39-053403 0.00 33.00 5.82 LL48-143159 8.90 8.10 4.29 including* 15.00 10.42 LL48-199286 10.50 6.00 3.02 LL42-192773 0.00 3.00 2.57 LL48-180279 0.00 16.00 2.44 LL42-174766 6.00 16.50 3.66 including* 3.00 4.78 LL42-155759 0.00 25.30 4.57 LL48-162271 0.00 17.00 3.31 including* 16.50 5.86 including* 6.00 5.64 LL42-136752 21.00 16.80 4.54 LL48-151266 0.00 19.50 4.55 including* 10.50 5.95 including* 17.00 4.92 HOLE-ID FROM LENGTH CG HOLE-ID ...