Gratomic Announces Grant of Exclusive Prospecting Licence
13 Março 2018 - 9:00AM
Gratomic Inc. (“
Gratomic” or the
“
Company”) (TSX-V:GRAT) (FRANKFURT:CB81)
(WKN:A2JAP3) is pleased to announce that the Republic of Namibia
has granted it an additional Exclusive Prospecting Licence, Number
6710 (“
EPL 6710”). Title to EPL 6710 is registered
to Luxury Investments Two Hundred and Sixty Four (PTY) Ltd., a
Namibian company, of which the Company holds 91%. The remaining 9%
is held by a Local Namibian pursuant to the Republic of Namibia’s
New Equitable Economic Empowerment Framework
(www.opm.gov.na/neeef). EPL 6710 has an initial exclusivity period
of 3 years.
EPL 6710 is located immediately east and north
of, and contiguous with EPL 3895 that covers the Aukam graphite
deposit and the Snyman graphite occurrence. The application for EPL
6710 was submitted in order to cover the potential strike extension
of the Snyman graphite occurrence to the east. In addition, EPL
6710 covers additional area prospective for graphite within the
“Aukam window” where the rocks hosting the Aukam and Snyman
graphite are exposed beneath the regional unconformity at the base
of the Nama Group sedimentary rocks. The addition of the new EPL
increases the area of prospective geology covered to 63,072
hectares (630 square kilometres).
Gratomic’s CO-CEO Arno Brand stated, “We are
very pleased that we have been granted EPL 6710 as not only does it
cover the potential extension of graphite mineralization seen at
the Snyman occurrence, but it also covers most of the window below
the unconformity that is also prospective for graphite.”
Graphite at Aukam occurs as massive graphite
veins as well as more widespread disseminated graphite that has
been identified at surface over an area of 550 metres east-west
(sub-parallel to an electromagnetic anomaly) by 190 metres
north-south. Sampling of surface graphite occurrences showed
graphite content of 1.96% Cg (carbon as graphite) to 43.01%
Cg from 22 samples (see news release dated September 7, 2017).
The Snyman graphite occurrence, where
disseminated graphite has been identified over an area of 7.5 ha,
occurs approximately 6.5 kilometres east of the Aukam mine.
The technical content of this News Release was
reviewed and approved by Roger Moss Ph.D., P.Geo, a qualified
person as defined by National Instrument 43-101.
About Gratomic Inc.
Gratomic Inc. is an advanced materials company
focused on mine to market commercialization of graphite products
most notably high value graphene based components for a range of
mass market products.
For more information: visit the website at
www.gratomic.ca or contact: Arno Brand, Co-CEO +1 416-561-4095
abrand@gratomic.ca
“Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.”
FORWARD LOOKING STATEMENTS: This news release
contains forward-looking statements, which relate to future events
or future performance and reflect management’s current expectations
and assumptions. Such forward-looking statements reflect
management’s current beliefs and are based on assumptions made by
and information currently available to the Company. Investors are
cautioned that these forward looking statements are neither
promises nor guarantees, and are subject to risks and uncertainties
that may cause future results to differ materially from those
expected. These forwardlooking statements are made as of the date
hereof and, except as required under applicable securities
legislation, the Company does not assume any obligation to update
or revise them to reflect new events or circumstances. All of the
forward-looking statements made in this press release are qualified
by these cautionary statements and by those made in our filings
with SEDAR in Canada (available at www.sedar.com).
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