Business
Graphano Reports 21 Metres Grading 5.51% Cg from Drilling Program at the Standard Mine Project
Vancouver, British Columbia--(Newsfile Corp. - February 23, 2023) - Graphano Energy Ltd.  (...
About this update from Graphano Energy Ltd.
[{"type":"text","content":"Graphano Reports 21 Metres Grading 5.51% Cg from Drilling Program at the Standard Mine ProjectVancouver, British Columbia--(Newsfile Corp. - February 23, 2023) - Graphano Energy Ltd. (TSXV: GEL) (FSE: 97G0) (\"Graphano\" or the \"Company\") is pleased to report that all assay results from the 2022 winter drilling program at the historical Standard Mine Project have been received.Luisa Moreno, Chief Executive Officer of the Company, stated: \"We are delighted that the initial exploration drilling program at the Standard Mine Project resulted in the highest graphite mineralized intersections that the Company has reported to date, exceeding in significance even the very positive results from its LAB Project immediately adjacent to Canada's only producing graphite mine. The results are highly encouraging as Graphano looks to establish mineral resources in this region of historical graphite production and great infrastructure. Our focus is to bring to market the much-needed low carbon footprint graphite for the North America electric vehicle supply chain, in the shortest possible timeline.\" Graphano owns a 100% interest in four graphite properties, including the Standard Mine Project and all within trucking distance from the Lac-Aux-Bouleaux (\"LAB\") mine region, to allow for the Company's resource consolidation strategy to feed a centralized processing plant at LAB. The historical resource at LAB, the recently announced Zone 3 discovery at LAB (see news release dated February 8, 2023) and now the exciting results from the Standard Mine Project re-enforce the economic potential of this consolidation strategy.The winter drill program at the Standard Mine has intersected very significant graphite mineralization over more than a 500-metre length. The mineralized zones range in thickness from 3 to 20.5 metres with an average thickness of 9.3 metres. The mineralization has been tested from surface (see Table 2: Surface Trenching Results) to a maximum vertical depth of approximately 60 metres and remains open in all directions for continued expansion. Key Highlights (See Full Results in Table 1)Drill Hole ST23-10 intersected 5.11% graphitic carbon (Cg) over 20.5 meters (m) starting at 39.0 m drilled depth, including 6.7% Cg over 9.0 m at 41 m;Drill Hole ST23-11 intersected 7.44% Cg over 13.0 m at 31 m;Drill Hole ST23-13 intersected ...