SRG Graphite Files NI 43-101 Technical Report for Previously Announced Gogota Nickel- Cobalt-Scandium Deposit Maiden Mineral Resource Estimate
SRG Graphite Files NI 43-101 Technical Report
for Previously Announced Gogota Nickel-
Cobalt-Scandium Deposit Maiden Mineral
Resource Estimate
MONTREAL
,
July 23, 2018
/CNW Telbec/ -
SRG Graphite Inc.
(TSXV: SRG) ("SRG" or the
"Company") today announced that it has filed, on
July 20
, its National Instrument 43-101 ("NI 43-
101") Technical Report supporting the initial resource estimate for its 100%-owned Gogota Nickel-
Cobalt-Scandium deposit located in the Republic of
Guinea
, on SEDAR, as reported in the SRG's
news release dated
June 6, 2018
.
The maiden mineral resource estimate includes a pit-constrained inferred resource of 44.9 million
tonnes ("Mt") of mineralized material grading 1.28% nickel ("Ni") for 573,040 tonnes ("t") of
contained nickel. The cobalt ("Co") grade of the resource is 0.13% Co for 59,560t of contained
cobalt. The resource also contains 29.4 grams per ton ("g/t") of scandium ("Sc") for 1.17 tonnes of
contained scandium in the limonitic portion of the deposit.
The NI 43-101 Technical Report was prepared by consultant Schadrac Ibrango, P. Geo, of
Montréal-based Met-Chem, a division of DRA Americas Inc. Mr. Ibrango is a Qualified Person
("QP"), independent of SRG Graphite, within the meaning of NI 43-101 – Standards of Disclosure
for Mineral Projects of the Canadian Securities Administrators.
The Lola Graphite Project is under the direct supervision of
Marc-Antoine Audet
, P.Geo., and a QP
as defined by National Instrument 43-101.
The NI-43-101 Technical Report may be referenced on SRG's website at
www.srggraphite.com
and
on SEDAR at
www.sedar.com
.
ABOUT SRG
SRG is a Canadian-based company focused on developing the Lola graphite deposit and the
Gogota cobalt-nickel-scandium deposit 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, including references to the plans and project of the Company such as
proceeding with production at the Company's Lola Project, 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 such as "potential", "high-potential", "expected",
"optimistic", "looking forward", "moving forward", or variations of such words 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; (vii) the risks associated with uninsurable risks arising during
the course of exploration, development and production; (viii) competition faced by the issuer in
securing purchasers, off-taker markets, clients and experienced personnel and financing; (ix) access
to adequate infrastructure to support mining, processing, development and exploration activities; *
the risks associated with changes in the mining regulatory regime governing the issuer; (xi) the risks
associated with the various environmental regulations the issuer is subject to; (xii) risks related to
regulatory and permitting delays; (xiii) risks related to potential conflicts of interest; (xiv) the reliance
on key personnel; (xv) liquidity risks; (xvi) the risk of litigation; and (xvii) risk management.
Forward-looking information is based on assumptions management believes to be reasonable at the
time such statements are made, including but not limited to, continued exploration activities, no
material adverse change in metal prices, exploration and development plans to proceed in
accordance with plans and such plans to achieve their stated expected outcomes, receipt of
required regulatory approval, and such other assumptions and factors as set out herein. 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
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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:
CO: SRG Graphite
CNW 14:06e 23-JUL-18