Graphano Intersects 6.61% Graphite Over 4 Metres at the LAB Graphite Project
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Graphano Intersects 6.61% Graphite Over 4 Metres at the
LAB Graphite Project
Vancouver, BC, May 19, 202 2, Graphano Energy Ltd. (“Graphano Energy ” or the “ Company”)
(TSXV: GEL, OTCQB: GELEF, FSE: 97G0) is pleased to announce results of its Phase 1 drill program on
Zone 4 on its 100% owned Lac Aux Bouleaux Graphite Property (the “LAB Property” or the “Property”)
in Quebec. A total of 12 drill holes were comp leted on Zone 4 (see Figure 1). Highlights are provided
below.
Highlights (see Tables 1 and 2 for details):
Eastern Zone 4 Target
➢ Drill Hole LB22 -09 intersected 4.50 % graphitic carbon (Cg) over 7.0 met res at 4.0 metr e (m)
drilled depth including 6.61% Cg over 4.0 m;
➢ Drill Hole LB22-10 intersected 4.13% Cg over 3.0 m at 10 m drilled depth, including 8.85% Cg
over 1.0 m;
➢ Drill Hole LB22-13 intersected 7.2% Cg over 2.3 m at 28.2 m drilled depth;
➢ Drill Hole LB22-14 intersected 4.69% Cg over 2.0 m at 26.0 m
➢ Drill Hole LB22-15 intersected two zones as follows:
o Top zone of 8.78% Cg over 0.8 m at 13.9 m; and
o Lower zone of 8.83% Cg over 2.6 m at 37.65 m.
➢ Drill Hole LB22-01 intersected 2.46% Cg over 3.0 m at 11 m drilled depth, including 4.97% Cg
over 1.0 m
Western Zone 4 Target
➢ Drill Hole LB22-02 intersected 3.91% Cg over 1.0 m at 42 m drilled depth.
(Note: All intersections reported are based on drilled width and have not been converted to true width).
Zone 4 on the Property is one of the seven target areas identified as a result of 2015 airborne high-resolution
heliborne magnetic (MAG) and time -domain electromagnetic (TDEM) survey completed on the LAB
Property (see Figure 2) . These targets were further explored through ground geophysical survey ing,
trenching and sampling. The majority of drill holes completed on the Eastern Zone 4 target intersected a
near surface, flat lying mineralized horizon ranging from 2.0 metres to 7.0 metres in thickness (core length)
over a 75 m width and 200 m length , thus far, and remains open to the east and north as indicated by the
airborne EM survey . Due to complex structural folding on the Western Zone 4 target, the geophysical
conductive trend and co rresponding high grade surface showings discovered during prospecting were
harder to ascertain. The Company intends to carry out detailed geological mapping in the summer to better
understand the area ’s structure and stratigraphic correlations while completing further exploration work
targeting the other six target areas on the Property. The graphite mineralization observed during drilling is
hosted within a sequence of paragneiss and recrystallized limestone units.
Luisa Moreno, Chief Executive Off icer of the Company, stated: “We are pleased to find graphite
mineralization of significant grade and extent in Zone 4, which seems to be near surface and extending
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North and towards the East. We are optimistic that we will continue to observe increasingly thi cker
mineralization zones near the surface. The western part of Zone 4 does seem to exhibit complex structural
geological folding and it will require more groundwork. In the coming days we will be releasing the results
from Zone 1, as well as details about exploration work in the additional five zones, and around the historical
resource. We are focused on defining new graphite resources at Lac Aux Bouleaux, with the aim of
demonstrating a sufficient resource to bring additional and critical graphite production to the district and
support the upcoming graphite demand for the EV market.”
All drill core 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) in which samples are subjected to a multistage
furnace treatment to remove all forms of carbon with the exception of graphitic carbon; and C -Total
(infrared). ACTLABS is an independent commercial, accredited ISO Certified Laboratory. The core
samples also include field duplicates and blanks for quality control and quality assurance (QA/QC)
purposes.
Figure 1 – Zone 4 Drill Hole Map
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Table 1: Drill Hole Results
Drill
Hole ID
Depth
From
(m)
Depth
To
(m)
C-Graph
(%) Comments
LB22-01 11 12 1.66
3 metres with average grade of 2.46%
Cg at 11 m including one metre with
4.97% Cg at 13 m
LB22-01 12 13 0.75
LB22-01 13 14 4.97
LB22-01 98 99 0.86
LB22-01 99 100 2.26 2 metres with average grade of 2.01%
Cg at 99 m
LB22-01 100 101 1.77
LB22-01 101 102 0.71
LB22-02 20 21 0.63
LB22-02 21 22 1.31
LB22-02 22 23 0.84
LB22-02 39 40 1.11
LB22-02 40 41 0.29
LB22-02 41 42 0.23
LB22-02 42 43 3.91 One metre with 3.91% Cg at 42
metres
LB22-02 43 44 0.44
LB22-02 50 51 0.22
LB22-02 51 52 1.26
LB22-02 52 53 0.55
LB22-02 68 69 0.05
LB22-02 69 70 1.09
LB22-02 70 71 0.64
LB22-02 71 72 1.99
LB22-02 72 73 0.99
LB22-03 11 12 0.2 No significant graphite mineralization
LB22-03 12 13 1.01
LB22-03 22 23 0.2
LB22-03 94 95 0.33
LB22-03 95 96 1.71
LB22-03 97 98 0.98
LB22-04 Abandoned
LB22-05 54 55 0.39 No significant graphite mineralization
LB22-05 55 56 1.24
LB22-05 56 57 0.91
LB22-05 62 63 0.49
LB22-05 63 64 1.01
LB22-05 64 65 0.28
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Drill
Hole ID
Depth
From
(m)
Depth
To
(m)
C-Graph
(%) Comments
LB22-05 90 91 0.55
LB22-05 91 92 1.01
LB22-05 92 93 1.79
LB22-05 93 94 0.61
LB22-05 103 104 0.41
LB22-05 104 105 1.07
LB22-05 105 106 0.14
LB22-05 123.3 124.3 0.61
LB22-06 5 6 1.09 No significant graphite mineralization
LB22-06 6 7 0.27
LB22-06 7 7.9 1.76
LB22-06 11.6 12.5 0.85
LB22-06 62 63 0.77
LB22-06 64 64.5 1.88
LB22-07 Not completed
LB22-08 18 19 0.37 No significant graphite mineralization
LB22-08 19 20 1.21
LB22-08 20 21 1.01
LB22-08 24 25 0.69
LB22-08 68 69 1
LB22-08 69 70 1.87
LB22-09 3 4 0.08
LB22-09 4 5 3.87
LB22-09 5 6 0.91
LB22-09 6 7 0.26
LB22-09 7 8 9.47 4 metres with average grade of 6.61%
Cg at 7 m
LB22-09 8 9 9.61
LB22-09 9 10 5.32
LB22-09 10 11 2.04
LB22-09 36 37 0.47
LB22-09 37 38 1.02
LB22-09 39 40 0.1
LB22-10 9 10 0.84
LB22-10 10 11 1.29
3 metres with average grade of 4.13%
Cg at 10 m including one metre with
8.85% Cg at 11 m
LB22-10 11 12 8.85
LB22-10 12 13 2.27
LB22-10 13 14 0.29
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Drill
Hole ID
Depth
From
(m)
Depth
To
(m)
C-Graph
(%) Comments
LB22-10 18 19 1.02
LB22-10 34 35 0.57
LB22-11 3 4 1.31 No significant graphite mineralization
LB22-11 10 11 0.32
LB22-12 Not completed
LB22-13 9 10 0.96
LB22-13 10 11 1.87
LB22-13 11 12 1.74
LB22-13 13 14 0.92
LB22-13 duplicata
659
1.07
LB22-13 14 15 1.1
LB22-13 15 16 1.15
LB22-13 16 17 1.34
LB22-13 17 18 1.73
LB22-13 18 19 0.89
LB22-13 19 20 1.11
LB22-13 20 21 1.13
LB22-13 21 22 0.79
LB22-13 27 28.2 0.15
LB22-13 28.2 29 5.39 2.3 metres with average grade of
7.2% Cg at 28.2 m
LB22-13 29 30 8.58
LB22-13 30 30.5 7.5
LB22-13 32 33.2 0.4
LB22-13 36.75 37.7 2.01
LB22-13 40.4 41.2 0.99
LB22-14 0.85 1.55 1.97
LB22-14 19 20 1.18
LB22-14 25.29 26 0.7
LB22-14 26 26.92 1.87 2.0 metres with average grade of
4.69% Cg at 26 m
LB22-14 26.92 28 7.5
LB22-14 44.4 45.5 1.12
LB22-15 13 13.9 0.73
LB22-15 13.9 14.7 8.78 0.8 metres with average grade of
8.78% Cg at 13.9 m
LB22-15 14.7 15.2 < 0.05
LB22-15 20.3 21 0.95
LB22-15 21 21.7 1.12
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Drill
Hole ID
Depth
From
(m)
Depth
To
(m)
C-Graph
(%) Comments
LB22-15 23 24 1.42
LB22-15 24 25 1.82
LB22-15 25 26 0.42
LB22-15 37 37.65 1.26
LB22-15 37.65 38.45 14.5
2.6 metres with average grade of
8.83% Cg at 37.65 m including 0.8
metre with 14.5% Cg at 37.65 m and
13.2% Cg over 0.55 m at 39 m
LB22-15 38.45 39 0.82
LB22-15 39 39.55 13.2
LB22-15 39.55 40.25 5.22
LB22-15 40.25 40.7 1.17
LB22-15 40.7 41.5 0.35
Table 2: Drill Collar Locations, Elevation, Azimuths, Dip and Depth
UTM Nad83, zone 18
Drill
Hole ID Easting Northing Elevation Azimuth Dip Depth
LB22-01 457322.7 5133718 280.165 113 -42 150
LB22-02 457279.2 5133746 281.486 300 -43 150
LB22-03 457280 5133683 281.779 112 -42 150
LB22-04 457331.8 5133820 283.065 120 -42 31
LB22-05 457332.3 5133823 279.226 111 -42 151.8
LB22-06 457331.7 5133822 282.411 113 -65 135
LB22-07 457274.6 5133641 278.913 293 -42 159
LB22-08 457301.3 5133849 284.982 317 -41 174
LB22-09 457367.5 5133703 273.51 300 -51 48
LB22-10 457383 5133690 274.553 294 -47 47.8
LB22-11 457355.6 5133646 278.573 302 -50 42
LB22-12 457360.2 5133617 272.186 294 -44 45
LB22-13 457376.9 5133799 274.557 296 -50 48
LB22-14 457382.6 5133784 276.402 296 -50 48
LB22-15 457401.7 5133832 284.755 300 -47 51
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Figure 2 - 2015 Airborne Survey Target Areas
Qualified Person
The 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 N ational
Instrument 43-101, and Afzaal Pirzada, who is a member of the Association of Professional Engineers and
Geoscientists of British Columbia with license No. 28657 (OGQ License Number 01917).
About Graphano Energy
Graphano Energy Ltd. is an exploration and development company that is focused on evaluating, acquiring
and developing energy metals resources from exploration to production.
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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 only producing graphite
mine, in Quebec, Canada, h as 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 energy 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 th e 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 Energy - are forward -looking
statements. 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 assumptions and estimates that, while considered
reasonable by Graphano Energy, 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 given the global COVID-19 pandemic,
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 Energy 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.