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SRG Reports on Assay Results for Its Cobalt-Nickel-Scandium Gogota Project
MONTREAL, March 26, 2018 (GLOBE NEWSWIRE) -- SRG Graphite Inc. (TSXV:SRG) (“SRG” or the “Company”) today announced the remaining assay results from the drilling
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[{"type":"text","content":" MONTREAL, March 26, 2018 (GLOBE NEWSWIRE) -- SRG Graphite Inc. (TSXV:SRG) (“SRG” or the “Company”) today announced the remaining assay results from the drilling program conducted on the Company’s cobalt-nickel-scandium Gogota project in Guinea, West Africa. With these latest assay results, the Company is now in a position to produce a maiden resource estimate. To complete the resource estimate, the Company has engaged Montréal-based Met-Chem, a division of DRA Americas Inc. (“Met-Chem/DRA”). The Gogota cobalt-nickel-scandium occurrence has a prospective surface outline of 1.96 km2 and is approximately 5km away from the Company’s Lola graphite deposit. The study will commence immediately with completion of the National Instrument 43-101 compliant resource estimate expected in H1 2018. Press release highlights: 25m @ 0.21% cobalt, 1.37% nickel and 32gr/ton scandium 23m @ 0.18% cobalt, 1.27% nickel and 39gr/ton scandium Company hires Met-Chem/DRA for the completion of a 43-101 compliant resource estimate for the Gogota Project Of the 51 vertical drill holes carried out over the Gogota Deposit in 2012-2013, 31 were drilled over a 200-meter by 400-meter grid and 20 were drilled over a 200-meter by 200-meter grid. The first phase of samples from 31 drill holes representing 800 samples were sent for analysis in 2013 and returned significant cobalt (“Co”), nickel (“Ni”), and scandium (“Sc”) results, among others. These results were reported again by the Company on January 23, 2018. The second phase of 20 drill holes representing 425 samples were recently sent for analysis. The combined mineralized intervals for all boreholes are presented in Table 1. A compilation map can be seen in Click Here. “These latest assay results continue to demonstrate that the Gogota Co-Ni-Sc deposit, discovered by Dr. Audet in 2010 has great potential,” said Ugo Landry-Tolszczuk, President and Chief Operating Officer, SRG. “We look forward to working with Dr. Audet and the Met-Chem/DRA team to complete the maiden resource in the coming months.” Table 1: Combined Mineralized Interval Highlights (True Widths) HOLE-ID From Length Co Ni Scandium Fe MgO SiO2 Al2O3 m m % % gr/t % % % % GG24-400800 15.50 5.50 0.18 0.75 37.28 45.90 0.26 9.92 12.29 GG24-600800 9.00 16.00 0.17 1.39 26.88 51.80 0.43 3.94 4.66 GG24-800400 2.00 18.20 0.19 1.43 45.06 5...