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Global Li-Ion Graphite Finishes First Four Drill Holes at the Chedic Graphite Project, Nevada
Vancouver, BC / TheNewswire / February 23, 2018 - Global Li-Ion Graphite Corp. ("LION" or, the "Company") (CSE: LION) is pleased to announce it has successfully
About this update from Global Li-ion Graphite Corp.
[{"type":"text","content":"Vancouver, BC / TheNewswire / February 23, 2018 - Global Li-Ion Graphite Corp. (\"LION\" or, the \"Company\") (CSE: LION) is pleased to announce it has successfully completed the drilling of four holes at the Chedic Graphite Property. These four drill holes are believed to be the first ever drilled on the property which is located near Carson City, Nevada. The goal of this first program is to test for the presence of graphite at 4 separate points over a 500 meter length of the interpreted trend of mineralization and also, the relationship between the graphite mineralization and what appears to be the coincident geophysical anomaly identified in a previous program. Further, the drill holes will provide key information on possible widths and grades of the graphite mineralization where intersected and potentially confirm the strike orientation of the mineralized zone. If successful and results encouraging enough, a second drill program will be planned and an application for permitting submitted at the earliest opportunity. The holes just completed, tested 4 locations along the 500 meter long, CSAMT/MT geophysical survey anomaly which appears to coincide with the mapped trend of graphite mineralization observed in historical test surface survey pits. Five channel samples taken by Feyerabend analyzes from 3.60% to 29% total carbon Content. A winter storm which occurred during the program resulted in one of the drill locations (CH-3) being left untested for this phase of drilling due to difficulty of moving heavy drilling equipment over a steeper part of the hill side where the drill hole was sited. Graphite was visually identified in each of the holes drilled and each hole was sampled in its entirety with samples sent to American Assay Labs at Sparks Nevada for analysis of total carbon content. The table below lists the intervals where graphite mineralization was visually identified in the drill cuttings which have been sent for assay. No assay results are available at this time but will be published upon receipt of the assay reports, along with the compilation and analysis of the data obtained in this initial stage of drilling. Surface mapping of historical test pits and excavations of the graphite mineralized trend indicates that the dip of the mineralization is near vertical and trending approximately east - west. The drill hole o...