Graphano Reports 23 Metres Grading 8.91% Cg and Significantly Extends Zone with Trenching Program at the Standard Mine Project
Page 1 of 4
Graphano Reports 23 Metres Grading 8.91% Cg and Significantly Extends
Zone with Trenching Program at the Standard Mine Project
Vancouver, BC, June 14, 2023, Graphano Energy Ltd. (“Graphano” or the “Company”) (TSX-V:
GEL; OTCQB: GELEF; FSE: 97G0) is pleased to announce that all assay results from the 202 3 spring
trenching program at the historical Standard Mine Project have been received.
Graphano owns a 100% interest in four graphite properties in the Lac-Aux-Bouleaux (“LAB”) mine region
- all are within trucking distance to allow for the Company’s resource consolidation strategy to feed a
centralized processing plant at LAB. The historical resource at LAB, the recently announced Zone 3
discovery at LAB (news release dated February 8, 2023) and continued exciting results from the Standard
Mine Project re-enforce the economic potential of this consolidation strategy.
Luisa Moreno, Chief Executive Officer of the Company, stated: “We are delighted with the consistently
strong results at the Standard Mine Project, with the high-grade intersections from the surface . These
results strengthen the short -term production potent ial of the historical Standard Mine site . Being in a
graphite mining district with strong projects and immediate proximity to clean power, paved roads and
water, Graphano is set to become a source of graphite for Western battery manufacturers.”
The spring trenching program at the Standard Mine Project has intersected very significant graphite
mineralization and successfully extended the mineralized zone by more than a 225-metre length. Trenching
and drilling completed to date have discovered three major zones of mineralization which have been tested
from surface to a maximum vertical depth of approximately 60 metres locally and remain open in all
directions for further expansion (see Figure 1). The mineralized zones have an interpreted combined length
of more than 1,300 metres.
Key Highlights (See Full Trench Assay Results in Table 1)
➢ Three major zones of graphite mineralization defined to date;
➢ The trenching program successfully extended the length of the graphite mineralized zones by more
than 225 metres (m). Combined length now more than 1,300 m;
➢ One hundred-fifteen samples were collected from nine trenching locations, yielding the following
highlight results:
o NW Gf Trend: TR23-25, returned 8.91 % graphitic carbon (Cg) over 23 m, including
12.09% Cg over 14 m and a second zone assaying 10.87% Cg over 6 m;
o Hole 13 Gf Trend: TR 23-26 returned 15.17% Cg over 7 m and a second zone of 15.30%
Cg over 6 m;
o SE Gf Trend: TR23 -23 returned 8.6% Cg over 3 m, 4.62% Cg over 4 m and 10.01% Cg
over 3m. TR23-27 assayed 10.27% over 3 m
(Note: All assay lengths reported have not been converted to the true width as noted in Table 1).
Page 2 of 4
Figure 1 – Map with the location of the trenches and drill holes at the Standard Project
A total 111 channel samples and four grab samples were collected from nine separate trenches during the
2023 spring program. Each channel sample from the trenching work was 100 cm long, 5 cm wide and 3-5
cm deep cut in bedrock.
All grab and channel 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 graphitic carbon; and C -Total (infrared).
ACTLABS is an independent commercial, accredited ISO Certified Laboratory.
Page 3 of 4
Table 1 – Surface Trenching Results
Qualified Person
The scientific technical content disclosed in this press release was reviewed and approved by Roger Dahn,
B.Sc., P.Geo., a director of the Company and a “Qualified Person” as defined in National Instrument 43 -
101 – Standards of Disclosure for Mineral Proje cts (“NI 43 -101”), who has provided the technical
information in this press release, and by Mr. Martin Ethier, Géo (#1520), who is a Member of the Order of
Geologists of Québec and also a “Qualified Person” under NI 43-101.
Zone Trench # Easting Northing From (m) To (m) Length (m) % Cg Summary
NW Mineralized Trend
TR 23-25
East Channel 483280 5154596 0 23 23 8.91 8.91% Cg over 23 meters 1
including 0 14 14 12.09 12.09% Cg over 14 meters 1
West Channel 483240 5154602 0 6 6 10.87 10.87% Cg over 6 meters 1
Hole 13 Mineralized Trend
TR 23-26
East Channel 483225 5154385 1 8 7 15.17 15.17% Cg over 7.0 meters 1
West Channel 483211 5154392 3 8 5 15.30 15.30% Cg over 6 meters 1
TR 23-28 483208 5154365 1 2 1 2.78 2.78% Cg over 1.0 meters 3
TR 23-29 483211 5154410 3 6 3 11.24 11.24% Cg over 3.0 meters 3
SE Mineralized Trend
TR 23-22 483283 5154370 1 2 1 12.7 12.70% Cg over 1 meters 3
TR 23-23
South Channel 483318 5154383 1 4 3 8.6 8.60% Cg over 3 meters 1
Central Channel 483329 5154393 1 5 4 4.62 4.62% Cg over 4 meters 1
North Channel 483331 5154406 4 7 3 10.01 10.01% Cg over 3 meters 1
TR 23-24 483364 515442 0 4 4 5.75 5.75% Cg over 4 meters 3
TR 23-24 B 483374 5154468 7 9 2 1.87 1.87% Cg over 2 meters 3
24B 483367 5154462 n/a n/a n/a 22.7 22.7% Cg grab sample
24B 483366 5154465 n/a n/a n/a 8.37 8.37% Cg grab sample
24B 483370 5154467 n/a n/a n/a 10.8 10.8% Cg grab sample
24B 483371 5154470 n/a n/a n/a 1.51 1.51% Cg grab sample
TR 23-27 483291 5154308 1 4 3 10.27 10.27% Cg over 3 meters 2
Notes:
1
2
3
Mineralization in trenches TR 23-23, TR 23-25 and TR 23-26 is shallowly dipping to the southeast at ~30 deg.
Thus the estimated true thickness is ~ 50% of the channel sample length (Ex. 23 m channel length = ~ 11.5 m true
thickness.)
Mineralization in trenches TR 23-22, TR 23-24 & 24B, TR 23-28, and TR 23-29 require further work and mapping
to establish a true thickness.
Standard Mine Graphite Project
2023 Spring Trenching Program Results
All channel samples were taken perpendicular to the intrepreted strike of the mineralization
UTM Nad 83, Zone 18
Mineralization in trench TR 23-27 is moderately dipping to the west at ~40 deg. Thus the estimated true
thickness is ~ 64% of the channel sample length.
Page 4 of 4
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.
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, 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 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 the meaning of applicable securities legislation. All
statements, other than statements of historical fact, included herein, without limitation, 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, a centralized
processing plant at LAB and the Company’s ability to become a future source of graphite. 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, are inherently subject to significant
business, economic, competitive, political and social uncertainties and contingencie s. 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 par ties have made assumptions and estimates based on or related to many of
these factors. Such factors include, without limitation, risks associated with possible accidents and other
risks associated with mineral exploration operations, the risk that the Comp any will encounter
unanticipated geological factors, risks associated with the interpretation of exploration results, and the
possibility that the Company may not be able to secure permitting and other governmental clearances
necessary to carry out the Company's exploration plans. These risks, as well as others, are disclosed within
the Company's filing on SEDAR, which investors are encouraged to review prior to any transaction
involving the securities of the Company. 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.