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Graphano Energy Commences Strategic Fall 2023 Drilling Initiative to Strengthen North American Graphite Supply
Vancouver, British Columbia--(Newsfile Corp. - November 23, 2023) - Graphano Energy Ltd.  (...
About this update from Graphano Energy Ltd.
[{"type":"text","content":"Graphano Energy Commences Strategic Fall 2023 Drilling Initiative to Strengthen North American Graphite SupplyVancouver, British Columbia--(Newsfile Corp. - November 23, 2023) - Graphano Energy Ltd. (TSXV: GEL) (OTCQB: GELEF) (FSE: 97G0) (the \"Company\" or \"Graphano\") is pleased to announce that drilling activity is starting on its 100% owned Standard Mine and Lac Aux Bouleaux (LAB) Graphite Properties in Quebec. Forage Hebert Inc. of Amos, Quebec, has been awarded the drilling contract. In addition, Mercator Geological Services is responsible for the drill program design and St-Pierre Exploration Enr. for the field logistics of the program.Luisa Moreno, Chief Executive Officer of Graphano, emphasized the critical nature of the drilling endeavors: \"In light of China's recent graphite export restrictions, there is an urgent imperative for us to propel our projects into production, thereby fortifying international markets against the imminent surge in demand driven by electric vehicles. Backed by a robust production history and strategically advantageous project locations, we confidently assert ourselves as the most immediate source of graphite in North America. Despite the challenges posed by the sluggish junior mining equity markets, we are committed to advance the Standard and LAB properties. Our objective is clear: to conduct drilling, support resource estimation, and embark on additional exploratory efforts to unlock the full potential of resource expansion.\"The Company plans to complete approximately 25 holes totaling up to 3,000 metres prior to year end. The drilling program will start at the Standard Mine Property, where the primary focus of the planned drilling is on resource expansion. Previous results at Standard Mine (see Graphano news releases dated February 23, 2023, and June 14, 2023) included:Trench TR23-25, returned 8.91% graphitic carbon (Cg) over 23m, including 12.09% Cg over 14 metres (m) and a second zone assaying 10.87% Cg over 6m;Drill Hole ST23-10 intersected 5.11% graphitic carbon (Cg) over 20.5m starting at 39.0m drilled depth, including 6.7% Cg over 9.0m at 41m;Drill Hole ST23-11 intersected 7.44% Cg over 13.0m at 31m;Drill Hole ST23-13 intersected 8.99% Cg over 11.3m at 4.2m, and 7.65% Cg over 13m at 56m; andDrill Hole ST23-05 intersected 5.79% Cg over 14.0m at 4.6m.(Note: All intersections re...