Graphano Drilling Program Commences on Zone 3 Discovery at the LAB Graphite Project; Trench Program Returns High Grade Results
Graphano Drilling Program Commences on Zone 3 Discovery at the LAB
Graphite Project; Trench Program Returns High Grade Results
Vancouver, BC, December 8, 202 2, Graphano Energy Ltd. (“Graphano” or the “ Company”)
((TSXV: GEL, OTCQB: GELEF, FSE: 97G0) is pleased to announce that the prospecting work at its Lac
Aux Bouleaux Graphite Property (“LAB”) in Quebec has been completed and the drilling program has
started. Drilling contractor Forage Hébert Inc. of Amos, Quebec , has been awarded the contract for the
drill program.
Luisa Moreno, Chief Executive Officer of the Company, commented: “We are excited with the trenching
work and channel results, and we are looking forward to the drilling program. We expect to complete this
drilling campaign at LAB by the end of the month with the expectation that the prospec ting work will
translate into strong drilling results.”
The Company plans to complete approximately 20 holes totaling at least 1,500 metres. The program will
focus on Zones 3 and 8 where recent surface trenching and sampling work identified significant grades
and widths of graphite mineralization. Complete trench assay results with trench locations are presented
in Table 1. Please also refer to Figure 1.
Most of the drilling will be directed to Zone 3 which is approximately 500 met res long. The intent of the
drilling program is to evaluate the characteristics and magnitude of mineralization in these zones.
Zone 3 Trench Highlights:
• 20.16% Cg over 3.68 metres, 14.65% Cg over 5.0 metres, 18.32% Cg over 3.72 met res, 14.37%
Cg over 6.0 metres and 14.10% Cg over 3.0 metres
Zone 8 Trench Highlights:
• 5.79% Cg over 2.0 metres and 5.72% Cg over 4.0 metres
Table 1 – Select Trenching Results
LAB Graphite Project
2022 Fall Trenching Program Results
Zone Trench # Assay Results Easting Northing
Zone 3
TR 22-01 16.80% Gf over 2.0 metres 457856 5134339
TR 22-02 14.10% Gf over 3.0 metres 457875 5134352
TR 22-03 1.20% Gf over 4.0 metres 457844 5134403
TR 22-10 14.65% Gf over 5.0 metres 457774 5134047
Page 2 of 4
LAB Graphite Project
2022 Fall Trenching Program Results
Zone Trench # Assay Results Easting Northing
Zone 3
(continued)
TR 22-11 18.32% Gf over 3.72 metres 457762 5134040
TR 22-12 14.37% Gf over 6.0 metres 457752 5134027
TR 22-13 11.95% Gf over 4.0 metres 457657 5134011
TR 22-14 20.16% Gf over 3.68 metres 457659 5133991
Zone 8
TR 22-04 5.72% Gf over 4.0 metres 457719 5134460
TR 22-05 5.79% Gf over 2.0 metres 457635 5134429
Zone 4
TR 22-15 17.73% Gf over 3.0 metres 457229 5133927
Mine East
TR 22-08 4.76% Gf over 3.0 metres 458177 5134232
Notes: UTM Nad 83, Zone 18
All channel samples were taken perpendicular to the strike of the mineralization .
Early in 2022, the Company completed a drilling program on Zones 1 and 4. There are eight prospective
targets which have been defined on the property to date , through the Company’s surface trenching and
sampling programs completed in 2021 as well as a compilation of historical drilling and other exploration
data.
A total of 51 channel samples were collected during the 202 2 trenching program . Each channel sample
from the trenching work ranged from a minimum of 50 cm to a maximum of 100 cm long, 5 cm wide and
3-5 cm deep cut in bedrock.
The samples were bagged and tagged using best practices and were delivered to Activation Laboratories
(“ACTLABS”), Ancaster, Ontario , for sample preparation and analyses using laboratories’ Code 4F -C
Graphitic, analyzing C -Graphite (infrared) where the sample is subjected to a multistage furnace
treatment to remove all forms of carbon with the exception of gra phitic carbon; and C -Total (infrared).
ACTLABS is an independent commercial, accredited ISO Certified Laboratory.
Page 3 of 4
Figure 1 – Map of 2022 Target Zones and Recent Trenching Locations
Qualified Person
All sampling was completed under the supervision of and the scientific and technical content disclosed in
this press release was reviewed and approved by Mr. Martin Ethier, Géo (#1520), who is a Member of the
Order of Geologists of Québec and a “Qualified Person” under National Instrument 43-101.
Page 4 of 4
About Graphano Energy Ltd.
Graphano Energy Ltd. is an exploration and development company that is focused on evaluating,
acquiring and developing energy metals resources from exploration to production.
Graphite is one of the most in -demand technology minerals that is required for a green and sustainable
world. The Company’s Lac Aux Bouleaux property, situated adjacent to Canada’s on ly producing
graphite mine, in Quebec, Canada, has historically been an active area for natural graphite. With the
demand for graphite growing in some of the most prominent and cutting -edge industries, such as lithium
batteries in electric cars and other e nergy storage technologies, the Company is developing its project to
meet the demands of the future.
ON BEHALF OF THE BOARD OF DIRECTORS
Luisa Moreno
Chief Executive Officer and Director
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.
Cautionary Note Regarding Forward-Looking Statements:
This news release contains certain “forward-looking information ” and “forward-looking statements ”
(collectively “forward-looking statements”) within the meaning of applicable securities legislation. All
statements, other than statements of historical fact, included herein, without limitation, relating t o future
operations - exploration, drilling and other activities of Graphano - are forward -looking statem ents.
Forward-looking statements are frequently, but not always, identified by words such as “expects”,
“anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or
statements that events, conditions, or results “will”, “may”, “could”, or “should” occur or be achieved.
Forward-looking statements in this news release relate to, among other things, the Company’s
exploration plans and the impact thereof. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from those anticipated in such
statements. Forward -looking statements reflect the beliefs, opinions and projections on the date the
statements are made and are based upon a number of as sumptions and estimates that, while considered
reasonable by Graphano, are inherently subject to significant business, economic, competitive, political
and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual
results, performance or achievements to be materially different from the results, performance or
achievements that are or may be expressed or implied by such forward-looking statements and the parties
have made assumptions and estimates based on or related to many of these factors. Such factors include,
without limitation, the ability to complete proposed exploration work, the results of exploration,
continued availability of capital, and changes in general economic, market and business conditions.
Readers should not place undue reliance on the forward-looking statements and information contained in
this news release concerning these items. Graphano does not assume any obligation to update the
forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except
as required by applicable securities laws. We seek safe harbour.