SRG Reports Final Drill Results From 2018 Campaign Mineralisation Continues Below the Weathered Surface
SRG Reports Final Drill Results From 2018
Campaign
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.
Figure 1: Section 4,800 NE (referenced on Figure 2) (CNW Group/SRG Graphite)
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.
Figure 2: Image of drilling program phases and boreholes (CNW Group/SRG Graphite)
SOURCE
SRG Graphite
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%SEDAR: 00008697E
For further information:
Ugo Landry-Tolszczuk P.Eng, CFA, Email: [email protected];
Benoit La Salle, FCPA FCA, Email: [email protected]
CO: SRG Graphite
CNW 07:00e 14-MAR-19