Business
Graphano Stakes New Claims at Lac Aux Bouleaux - Building on Strong Exploration Results
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2024) - Graphano Energy Ltd. (TSXV:...
About this update from Graphano Energy Ltd.
[{"type":"text","content":"Graphano Stakes New Claims at Lac Aux Bouleaux - Building on Strong Exploration ResultsVancouver, British Columbia--(Newsfile Corp. - June 26, 2024) - Graphano Energy Ltd. (TSXV: GEL) (OTCQB: GELEF) (FSE: 97G0) (\"Graphano\" or the \"Company\") is pleased to report that it has staked an additional 20 mining claims on the western side of its existing 100% owned Lac-Aux-Bouleaux (\"LAB\") project.Luisa Moreno, Chief Executive Officer of the Company, stated: \"We are pleased to have extended our LAB claims, significantly enhancing our exploration potential in the area. The LAB region, home to an historical graphite mine and adjacent to the operating Lac-des-Iles mine, is the only graphite-producing area in North America. Our exploration results at the LAB project have been very promising, reinforcing our commitment to expanding our footprint in this region.\" The new claims more than double the holdings comprising the LAB project. Originally, the LAB claims consisted of 16 units (840.71 Ha). With the addition of 20 new claims (1,187.13 Ha), the total area now encompasses 36 claims over 2,028 Ha (see Figure 1). The stratigraphy and geology are similar to the original LAB project claims and the Lac des Iles mine, but the new claims' area remains largely unexplored.Figure 1 - Map of LAB ClaimsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8293/214414_2d077114942a6a2b_002full.jpgQualified PersonThe technical content disclosed in this press release was reviewed and approved by Mr. Martin Ethier, Géo (#1520) who is a Member of the Order of Geologists of Québec and a \"Qualified Person\" under NI 43-101, and Roger Dahn, B.Sc., P.Geo, a director of the Company, and a \"Qualified Person\" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\").About Graphano EnergyGraphano Energy Ltd. is an exploration and development company that is focused on evaluating, acquiring, and developing energy metals resources from exploration to production.Graphite is one of the most in-demand technology minerals that is required for a green and sustainable world. The Company's Lac Aux Bouleaux property, situated adjacent to Canada's only producing graphite mine, in Quebec, Canada, has historically been an active area for natural graphite. W...