Feasibility Study Update - Fieldwork Well Under Way
Feasibility Study Update - Fieldwork Well Under Way
MONTREAL, Oct 1, 2018 /CNW Telbec/ - SRG Graphite Inc. (TSXV: SRG) ("SRG" or
the "Company") is pleased to provide an update on the ongoing feasibility study for the
Lola Graphite Project in Guinea, West Africa, announced earlier this month. Fieldwork
required for the feasibility study is either well under way or completed ahead of
schedule or on time. Given the positive advancement of fieldwork, management is
confident in the timeline established for the completion of the feasibility study.
Core samples being logged by MDEng (CNW Group/SRG Graphite)
"We are very pleased with the progress of the fieldwork," said Raphaël Beaudoin,
P.Eng., VP Operations, Metallurgy and Process Design. "Our local team and our
technical partners are dedicated and hardworking, which is yielding results. It's exciting
to finally move toward civil geotechnical and mine design studies."
The mine geotechnical fieldwork, piloted by Mine Design Engineering ("MDEng"), is
completed. Samples are already at the laboratory and preliminary results should be
received by year's end. The mine geotechnical study will help SRG design the open-pit
mine by assessing soil composition over and around the deposit.
Similarly, the civil geotechnical fieldwork, piloted by Sahara Natural Resources ("SNR")
and DRA, is also completed. Samples are already at the laboratory, and preliminary
results should also be received by year's end. The civil geotechnical study will
contribute to finalize plant location.
The hydrogeology fieldwork, also piloted by SNR and DRA, is well under way. Four of
the six projected wells have already been dug. The groundwater study is essential for
open-pit mine design and the environmental impact study.
For tailing storage facility ("TSF") design, Epoch Resources has conducted their initial
site visit in mid-September. They have identified nine potential TSF. Epoch will now
evaluate which site is best suited for the project and define the tailings management
method. Results of this study will be known by year's end.
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 material contained herein that is not clearly historical
in nature may constitute forward-looking information, including references to the plans
and project of the Company, such as proceeding with production at the Company's Lola
Project or proceeding with exploration activities on its permits, including Lola and
Gogota. Generally, such forward-looking information can be identified by the use of
forward-looking terminology and phrases or can state that certain actions, events, or
results "expect," "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.
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. 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. Additional information
on these and other factors that could affect SRG's operations and financial results are
included in reports on file with Canadian securities regulatory authorities and may be
accessed through the SEDAR website (www.sedar.com).
SOURCE SRG Graphite
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%SEDAR: 00008697E
For further information: Ugo Landry-Tolszczuk, Tel: +1 (514) 679-4196, Email:
[email protected]; Benoit La Salle, FCPA FCA, Tel: +1 (514) 951-4411,
Email: [email protected]
CO: SRG Graphite
CNW 07:00e 01-OCT-18