Mineralisation Continues Below the Weathered
Surface
MONTREAL, March 14, 2019 /CNW Telbec/ - SRG Graphite
Inc. (TSXV: SRG) ("SRG" or the "Company") is pleased to report
the final assay results of its 2018 drilling campaign for its Lola
Graphite deposit in Guinea,
West Africa. These results
represent 71 new boreholes, bringing the total drilling program for
the project to 638 boreholes for 22,239 meters ("m"). Of these
boreholes, 10 were drilled at depth to confirm the presence of
graphitic carbon ("Cg") within the non-weathered rock assemblage
below the graphite-rich surface saprolite. All 638 boreholes will
be included in the updated resource estimate produced as part of
the Company's feasibility study expected in the first half of
2019.
Drill Results Highlights:
- Hole LL39-162665: 21.00m at
7.74% Cg including 10.50m at 13.46%
Cg, from surface
- Hole LL36-369056: 35.44m at
5.56% Cg including 20.46m at 7.93 %
Cg, from 2.6m
- Hole LL36-384159: 30.72m at
6.50% Cg including 19.00m at 9.25%
Cg, from surface
- Hole LL39-085636: 147.45m at
4.94% Cg including 91.85m at 6.90%
Cg, from 8.4m
- Hole LL42-037030: 211.65m at
4.16% Cg including 116.81m at 6.18%
Cg, from 4.8m
The section below (see Figure 1) illustrates mineralisation
continuity below the weathered saprolite. Drilling performed to
date covers approximately 60% of the deposit's surface footprint
(see Figure 2), essentially covering the first 30 meters of depth
from the surface, on average.
"We are very pleased with the 2018 drilling campaign. The
results of these latest drill holes continue to show the size
potential of the deposit," said Dr. Marc-Antoine Audet, Lead Geologist. "We are also
excited with the results of the 10 at-depth boreholes, which
confirm our thesis of continued mineralization at depth and further
expands the deposit's potential."
The following link (Table 1) provides a compilation of
mineralized intervals for the 638 boreholes drilled and analyzed to
date. Mineralized intervals were defined using 1.0% Cg as a cut-off
grade ("cog"). Composite intervals defined using a 3% cog are
also presented.
All boreholes were drilled at an inclination of 50 degrees from
the horizontal and cross-cut the geological succession as
perpendicularly as possible. The graphitic paragneiss displays
foliation dipping between 80 and 85 degrees to the west.
Core logging and sampling were performed at the Company's
facility in the village of Lola. Sample preparation was performed
by Veritas Laboratory in Abidjan,
Côte d'Ivoire. Pulp samples were delivered to Activation
Laboratories Ltd., Ancaster, Ontario,
Canada. The samples were treated through a multi-stage
furnace process to remove organic carbon and carbonate carbon. The
remaining graphitic carbon was measured as carbon dioxide in the
infrared ("IR") cell as gas flowed through the cell.
Carbon dioxide absorbs IR energy
at a precise wavelength within the IR spectrum. All analyses were
performed using Eltra instruments.
The technical information in this release has been reviewed and
approved by Dr. Marc-Antoine Audet,
PhD Geo., P.Geo, Lead Geologist, SRG and a "qualified person" as
defined by the National Instrument 43-101, Standards of Disclosure
for Mineral Projects.
ABOUT SRG
SRG is a Canadian-based company focused on developing mineral
deposits located in the Republic of Guinea, West
Africa. SRG is committed to operating in a socially,
environmentally, and ethically responsible manner.
For additional information, please visit SRG's website at
www.srggraphite.com.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This press release contains "forward-looking information" within
the meaning of Canadian securities legislation. All information
contained herein that is not clearly historical in nature may
constitute forward-looking information. Generally, such
forward-looking information can be identified by the use of
forward-looking terminology and phrases or state that certain
actions, events or results "may", "could", "would" or "might".
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to: (i)
volatile stock price; (ii) the general global markets and economic
conditions; (iii) the possibility of write-downs and impairments;
(iv) the risk associated with exploration, development and
operations of mineral deposits; (v) the risk associated with
establishing title to mineral properties and assets; (vi)
fluctuations in commodity prices and other risks and factors
described or referred to in the section entitled "Risk Factors" in
the MD&A of the Company and which is available at
www.sedar.com, all of which should be reviewed in conjunction
with the information found in this news release. Forward-looking
information is based on assumptions management believes to be
reasonable at the time such statements are made. Although the
Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
the forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended.
There can be no assurance that such forward-looking information
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such
forward-looking information. Such forward-looking information has
been provided for the purpose of assisting investors in
understanding the Company's business, operations and exploration
plans and may not be appropriate for other purposes. Accordingly,
readers should not place undue reliance on forward-looking
information. Forward-looking information is given as of the date of
this press release, and the Company does not undertake to update
such forward-looking information except in accordance with
applicable securities laws.
SOURCE SRG Graphite
