Source: Streetwise Reports 03/16/2019
The next step for the Canadian company is a mineral resource update for this asset.
SRG Graphite Inc. (SRG:TSX.V) announced in a news release the final results from its 2018 drilling campaign at its Lola graphite deposit in Guinea, West Africa.
These results are from 71 boreholes, ten of which were drilled at depth to confirm the presence of graphitic carbon (Cg) within the rock assemblage below the weathered, graphite-rich saprolite at the surface. The new findings confirmed that to be the case.
SRG reported these highlight assays:
- Hole LL39-162665: 0 meters (0m) at 7.74% Cg including 10.50m at 13.46% Cg, from surface
- Hole LL36-369056: 44m at 5.56% Cg including 20.46m at 7.93 % Cg, from 2.6m
- Hole LL36-384159: 72m at 6.50% Cg including 19.00m at 9.25% Cg, from surface
- Hole LL39-085636: 45m at 4.94% Cg including 91.85m at 6.90% Cg, from 8.4m
- Hole LL42-037030: 65m at 4.16% Cg including 116.81m at 6.18% Cg, from 4.8m
The 2018 drill program encompassed 638 boreholes for 22,239m. Drilling conducted to date covers about 60% of the deposit’s surface footprint, roughly on average the first 30m of depth from the surface. Results from all of these boreholes will be included in an updated resource estimate for the feasibility study anticipated in H1/19.
“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.”
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