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Graphano Engages Mercator for NI 43-101 Resource Estimate and Launches Exploration at Black Pearl Project
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2025) - Graphano Energy Ltd. (TSXV: GEL)...
About this update from Graphano Energy Ltd.
[{"type":"text","content":"Graphano Engages Mercator for NI 43-101 Resource Estimate and Launches Exploration at Black Pearl ProjectVancouver, British Columbia--(Newsfile Corp. - May 6, 2025) - Graphano Energy Ltd. (TSXV: GEL) (OTC Pink: GELEF) (FSE: 97G0) (\"Graphano\" or the \"Company\")  is pleased to announce that it has engaged Mercator Geological Services Limited (\"Mercator\"), an independent geological consulting firm based in Dartmouth, Nova Scotia, to prepare a National Instrument 43-101 (\"NI 43-101\") compliant mineral resource estimate. Concurrently, the Company has initiated an exploration program focused on the Black Pearl graphite property in Québec, Canada.Engagement of Mercator Geological ServicesThe engagement of Mercator marks a significant milestone for Graphano as the Company advances toward development of its several mineral projects. The resource estimate will incorporate both recent and historical exploration data, including Graphano drilling programs conducted between 2021 and 2024. It will cover three of the eight mineralized zones at the Lac Aux Bouleaux project – Zone 1, Zone 3, and the Historical Pit – as well as the Standard Mine project. The resulting NI 43-101 resource estimates will serve as the foundation for upcoming technical and economic studies and planning for a producing future.\"We are pleased to work with Mercator, a firm with deep experience in NI 43-101 resource reporting,\" said Dr. Luisa Moreno, President and CEO of Graphano. \"This step is critical in demonstrating the value of our assets and positioning the Company for the next phase of growth. Coupled with our new exploration efforts at Black Pearl, we are laying the groundwork for long-term resource expansion and shareholder value.\"Black Pearl Exploration Program UnderwayIn parallel with the resource estimation work, Graphano has commenced an exploration program, which targets a new graphite discovery made by Graphano in 2024 on the Black Pearl graphite property. As reported by Graphano on July 16, 2024, the new graphite discovery returned surface channel sample results including 15.1% Cg over 14 metres (m) and 17.9% Cg over 9 m. This discovery of important grades and thicknesses of graphite mineralization within geological units, similar to the major graphite deposits of the Lac des Iles region, confirm the excellent potential of...