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Graphano Stakes New Claims at the Standard Mine
Vancouver, British Columbia--(Newsfile Corp. - March 13, 2024) - Graphano Energy Ltd. (TSXV: GE...
About this update from Graphano Energy Ltd.
[{"type":"text","content":"Graphano Stakes New Claims at the Standard MineVancouver, British Columbia--(Newsfile Corp. - March 13, 2024) - Graphano Energy Ltd. (TSXV: GEL) (OTCQB: GELEF) (FSE: 97G0) (\"Graphano\" or the \"Company\") is pleased to report that it has staked an additional 79 mining claims on the eastern side of its existing 100% owned Standard Mine Project (\"Standard\"). These additional new claims represent a significant increase in the total land claims of the Company and expands the claims at Standard by 3,923 hectares to a total of 4,265 hectares.Luisa Moreno, Chief Executive Officer of the Company, stated: \"The new claims are situated to the north of the Lac-Aux-Bouleaux project and immediately to the east of Standard, where we have already confirmed high-grade graphite mineralization from drilling. We have long recognized this region as North America's sustainable source of graphite for the EV industry, and we look forward to initiating exploration work in the new claims to further expand our resource potential.\" In 1997, government reconnaissance work reported four outcrops with visible graphite, which will serve as good starting locations for the Company's exploration program. As previously reported the region has good power and road infrastructure, with many forestry roads for easy access. The claims are located between the Mousseau Project and Standard (Figure 1). The Mousseau Project has a Measured & Indicated Resource of 2.8 million tonnes grading 7.9% graphitic carbon equating to 0.2Mt of contained graphite at the west side of the deposit, with the remainder of the Mousseau claims still unexplored. Figure 1 - Map of Graphano Claims To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8293/201481_1a4edbfbc41b3ac2_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\" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\"), and Roger Dahn, B.Sc., P.Geo., a director of the Company and a \"Qualified Person\" as defined in NI 43-101.About Graphano EnergyGraphano Energy Ltd. is an exploration and development company that is focused on evaluating, acquirin...