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Graphano Energy Provides Update on Ongoing Phase-2 Exploration Work
Vancouver, British Columbia--(Newsfile Corp. - November 17, 2021) - Graphano Energy Ltd. (TSXV...
About this update from Graphano Energy Ltd.
[{"type":"text","content":"Graphano Energy Provides Update on Ongoing Phase-2 Exploration WorkVancouver, British Columbia--(Newsfile Corp. - November 17, 2021) - Graphano Energy Ltd. (TSXV: GEL) (FSE: 97G0) (the \"Company\" or \"Graphano Energy\") is pleased to issue an update on the Phase-2 exploration activities at its 100% owned Lac Aux Bouleaux Graphite (LAB) Property (the \"Property\"). Exploration Work Highlights:The Company has been active in the field performing ground geophysics, trenching and channel sampling, which resulted in several new graphite showings being identified in the eastern and southern areas of the Property.In the eastern zone of the Property, excavation work guided by ground geophysical survey has exposed additional graphite mineralization and rock outcrops in the areas near LAB-4 and LAB-3 (See Figure 1). The graphite mineralization on GRID-1 occurs along the 1.3 kilometres of conductive trends outlined by the ground geophysical surveys.Figure 1 - Compilation of Airborne & Ground Geophysical Conductors with Phase 2 Graphite ShowingsTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/8293/103895_67139e00e4354b3d_002full.jpgIn the southern zone of the Property, trenching work exposed a large graphite zone with apparent large graphite flakes (GRID-4). This mineralization is also related to a well-defined conductive zone interpreted to have an average anomaly width of 30 metres.Approximately 190 samples were sent to the laboratory for assaying. Thus far, assay results of about 50 samples have been received and are in the range of 0.34% to 23.5% graphitic carbon (Cg) with 19 samples over 10% Cg, 12 samples between 5% and 10% Cg, and the remaining samples with values below 5% Cg.Luisa Moreno, Chief Executive Officer of Graphano Energy, commented, \"We are pleased that the ongoing prospecting work at our LAB property has led to new graphite showings and potential drilling targets. Once the assay results are completed, we will be able to disclose our drilling program and resource estimation plans.\"The samples are a mix of grab and channel samples. Each channel sample from this work represents 50cm long, 5 cm wide and 3-5 cm deep cut in bedrock. The samples were bagged and tagged using best practices and were delivered to Activation Laboratories (\"ACTLABS\"), Ancaster, Ontario, for sample pr...