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Graphano Intersects 6.61% Graphite Over 4 Metres at the LAB Graphite Project
Vancouver, British Columbia--(Newsfile Corp. - May 19, 2022) - Graphano Energy Ltd. (TSXV: G...
About this update from Graphano Energy Ltd.
[{"type":"text","content":"Graphano Intersects 6.61% Graphite Over 4 Metres at the LAB Graphite ProjectVancouver, British Columbia--(Newsfile Corp. - May 19, 2022) - Graphano Energy Ltd. (TSXV: GEL) (OTCQB: GELEF) (FSE: 97G0) (\"Graphano Energy\" or the \"Company\") is pleased to announce results of its Phase 1 drill program on Zone 4 on its 100% owned Lac Aux Bouleaux Graphite Property (the \"LAB Property\" or the \"Property\") in Quebec. A total of 12 drill holes were completed on Zone 4 (see Figure 1). Highlights are provided below.Highlights (see Tables 1 and 2 for details):Eastern Zone 4 TargetDrill Hole LB22-09 intersected 4.50 % graphitic carbon (Cg) over 7.0 metres at 4.0 metre (m) drilled depth including 6.61% Cg over 4.0 m;Drill Hole LB22-10 intersected 4.13% Cg over 3.0 m at 10 m drilled depth, including 8.85% Cg over 1.0 m;Drill Hole LB22-13 intersected 7.2% Cg over 2.3 m at 28.2 m drilled depth;Drill Hole LB22-14 intersected 4.69% Cg over 2.0 m at 26.0 mDrill Hole LB22-15 intersected two zones as follows:Top zone of 8.78% Cg over 0.8 m at 13.9 m; and Lower zone of 8.83% Cg over 2.6 m at 37.65 m. Drill Hole LB22-01 intersected 2.46% Cg over 3.0 m at 11 m drilled depth, including 4.97% Cg over 1.0 mWestern Zone 4 Target Drill Hole LB22-02 intersected 3.91% Cg over 1.0 m at 42 m drilled depth.(Note: All intersections reported are based on drilled width and have not been converted to true width).Zone 4 on the Property is one of the seven target areas identified as a result of 2015 airborne high-resolution heliborne magnetic (MAG) and time-domain electromagnetic (TDEM) survey completed on the LAB Property (see Figure 2). These targets were further explored through ground geophysical surveying, trenching and sampling. The majority of drill holes completed on the Eastern Zone 4 target intersected a near surface, flat lying mineralized horizon ranging from 2.0 metres to 7.0 metres in thickness (core length) over a 75 m width and 200 m length, thus far, and remains open to the east and north as indicated by the airborne EM survey. Due to complex structural folding on the Western Zone 4 target, the geophysical conductive trend and corresponding high grade surface showings discovered during prospecting were harder to ascertain. The Company intends to carry out detailed geological mapping in the summer to better understand the area's structure and strati...