SRG Graphite Reports on Latest Drill Results
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SRG Graphite Inc.
1320 Graham, Suite 132
Ville Mont-Royal, Québec
H3P 3C8
PRESS RELEASE FOR IMMEDIATE RELEASE
SRG Graphite Reports on Latest Drill Results
Highlights Indicate 16.5m @ 12.7% Cg and 15m @ 10.4% Cg
Montreal, Quebec, March 21, 2018 – SRG Graphite Inc. (TSXV: SRG) (“SRG” or the
“Company”) today announced drill results from its ongoing drilling program at the Company’s
Lola graphite deposit in Guinea, West Africa. To date, 346 boreholes, totalling 9,600 meters
(“m”), have been drilled on the property of which, 175 boreholes, totalling 4,698m, since the
Company announced its maiden resource on December 22nd, 2017.
Once completed, the 2018 drilling program will result in a coverage of approximately 35% of the
total surface area of the depo sit as defined by geological mapping, a geophysical Max -Min
survey and previous drilling and pitting. See (Figure 1) With these results, along with upcoming
results, the Company will have gathered sufficient data to produce a Preliminary Economic
Assessment and continue to demonstrate the potential of the deposit.
A drilling contract was awarded to Foraco S.A., an experienc ed drilling contractor , to expedite
the completion of the 2018 drilling program. In addition, Foraco’s two drill rigs, the Company
continues to contract Sama Resources’ drill rig for infill drilling and regional exploration due to its
proximity, availability and cost effectiveness.
Assay results, conducted by Activation Laboratories Ltd in Canada, have been received for 276
boreholes out of the 346 drilled to date. Composite results for 73 boreholes are shown in Table
1. Mineralized intervals were defined u sing 1.0% Graphitic Carbon grade (“Cg”) as a cut -off
grade while highlights were defined using 3.0% Cg.
Table 1: Composite Results of 73 boreholes
HOLE-ID FROM LENGTH CG HOLE-ID FROM LENGTH CG
m m % m m %
LL39-077412 4.00 27.50 3.49 LL48-163165 21.00 18.00 4.05
including* 7.50 6.52 including* 10.50 5.35
LL39-053403 0.00 33.00 5.82 LL48-143159 8.90 8.10 4.29
including* 15.00 10.42 LL48-199286 10.50 6.00 3.02
LL42-192773 0.00 3.00 2.57 LL48-180279 0.00 16.00 2.44
LL42-174766 6.00 16.50 3.66 including* 3.00 4.78
LL42-155759 0.00 25.30 4.57 LL48-162271 0.00 17.00 3.31
including* 16.50 5.86 including* 6.00 5.64
LL42-136752 21.00 16.80 4.54 LL48-151266 0.00 19.50 4.55
including* 10.50 5.95 including* 17.00 4.92
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HOLE-ID FROM LENGTH CG HOLE-ID FROM LENGTH CG
m m % m m %
LL42-117746 0.00 18.00 3.23 LL48-141315 0.00 19.50 4.03
LL42-099740 1.50 4.50 2.44 including* 12.00 5.30
LL42-081733 27.00 7.50 4.35 LL48-160323 0.00 18.00 3.76
LL42-063726 24.00 28.30 2.45 including* 7.50 6.15
LL42-044719 4.50 18.00 4.14 LL48-178330 1.50 12.00 1.62
LL42-021710 1.00 15.50 5.03 LL48-196339 3.00 10.50 4.98
including* 7.50 9.01 including* 9.00 5.47
LL41-800703 27.00 15.00 3.67 LL48-178433 1.50 7.80 1.46
LL45-210073 0.00 21.00 4.04 LL48-197440 0.00 10.50 1.32
including* 10.50 6.35 LL48-151218 0.00 28.70 6.35
LL45-167065 3.00 10.50 5.66 including* 21.20 7.86
including* 6.00 8.44 LL48-188232 1.50 13.60 2.67
LL45-149058 19.50 21.40 3.21 including* 1.50 7.07
including* 7.50 5.33 LL48-169224 2 19.25 3.44
LL45-130052 9.00 13.50 3.89 including* 9.00 5.07
LL45-112045 0.00 24.00 2.59 LL48-175491 2 15.70 1.40
including* 1.50 4.35 LL48-152482 2 22.20 5.63
LL45-093038 3.00 19.50 3.40 including* 20.70 5.96
LL45-076031 0.00 8.00 5.50 LL48-128494 0 13.50 4.05
LL45-057025 0.40 22.10 2.39 including* 8.50 5.60
LL45-034016 9.00 3.00 6.32 LL48-172595 0 30.00 4.42
LL45-030073 7.50 15.70 1.90 including* 17.20 6.25
LL45-051080 4.00 6.50 3.51 LL48-192603 0 4.50 1.43
LL45-075089 10.50 11.50 4.13 LL48-142690 0 18.20 4.72
LL45-093094 0.00 14.00 3.24 including* 15.00 5.31
including* 5.00 4.13 LL48-119682 2 18.50 3.77
LL45-124111 0.00 15.30 3.81 including* 9.00 5.94
including* 6.50 5.98 LL48-100781 2 19.50 3.83
LL45-220038 0.70 20.30 3.31 including* 5.60 6.70
including* 4.50 6.56 LL48-119792 2 16.80 1.37
LL45-201031 12.00 20.60 5.47 LL47-736721 0.00 27.10 4.38
including* 16.50 6.37 including* 11.00 7.80
LL45-183024 1.50 1.70 3.50 LL47-713713 0.00 34.00 4.82
including* 1.70 3.50 including* 10.50 10.25
LL45-164017 21.00 19.60 3.61 LL47-689704 0.00 24.00 4.89
including* 7.20 4.61 including* 16.50 6.09
LL45-145009 16.50 14.50 4.36 LL47-666695 0.00 28.50 8.37
including* 7.50 5.87 including* 16.50 12.72
LL45-126006 16.80 19.20 2.98 LL47-642687 3.00 30.00 3.51
including* 5.20 5.42 including* 10.50 6.79
LL42-107797 0.00 18.00 7.16 LL47-787422 0.00 33.90 3.57
including* 13.50 8.93 including* 26.40 4.23
LL42-089790 1.50 30.00 3.30 LL47-640475 7.50 25.50 2.73
including* 7.70 7.01 LL47-682490 0.00 31.50 2.86
LL42-070783 3.00 4.50 1.84 including* 3.00 9.62
LL42-051776 3.00 26.10 2.33 LL47-701497 16.50 19.50 5.17
LL48-199179 1.50 13.50 2.63 including* 11.00 7.54
LL48-181171 0.00 17.00 5.10 LL47-720504 4.50 34.50 4.65
including* 14.50 5.67 including* 20.95 6.69
*3% Cg cut-off grade (average grade of combined intervals).
All boreholes were drilled at an inclination of 50 degrees from horizontal and cross -cut the
geological succession as perpendicular as possible. The graphitic paragneiss displayed foliation
dipping between 80 and 85 degrees to the west.
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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 multistage furnace process to remove organic carbon and
carbonate carbon. The remaining graphitic carbon was measured as carbon dio xide 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 National
Instrument 43-101, Standards of Disclosure for Mineral Projects.
ABOUT SRG
SRG is a Canadian-based company focused on developing the Lola graphite 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.
For more information contact:
Ugo Landry-Tolszczuk
Tel: +1 (514) 679-4196
Email: [email protected]
Benoit La Salle, FCPA FCA
Tel: +1 (514) 951-4411
Email:
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 such as “will”, “continue”, “demonstrate”,
“potential”, or variations of such words and phrases or state that certain act ions, 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 impair ments; (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
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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 o n assumptions management believes to be reasonable
at the time such statements are made, including but not limited to, continued exploration
activities and no material adverse change in mineral prices. Although the Company has
attempted to identify importa nt 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 forw ard-
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 inves tors 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.