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Graphite Firm Releases Batch of Borehole Results from Guinea Project

This company continues working toward updating its mineral resource.

SRG Graphite Inc. (SRG:TSX.V) recently reported the results from 162 boreholes drilled at its Lola graphite deposit in Guinea, West Africa.

The highlights included:

  • Hole LL36-262441: 50 meters (50m) at 8.92% graphitic carbon (Cg), including 48m at 10.07% Cg
  • Hole LL42-112057: 10m at 8.62% Cg, including 21.4m at 17.61% Cg
  • Hole LL48-177588: 85m at 11.38% Cg, including 12.85m at 12.94% Cg.

These results cover about 60% of Lola’s surface footprint, the news release noted. Drilling so far has only been done in the weathered rock, which constitutes, on average, about 30 feet from the surface. Therefore, Altamira will drill the unweathered rock with 10 boreholes, testing for the presence of graphitic carbon there.

At Lola, to date, SRG drilled 557 boreholes over 18,037m, and more, constituting the third phase, are in progress. “These drill results should help further understand the reach and depth of the deposit and provide additional basis for the mineral resource update to be included in the feasibility study expected for H1/19,” according to the news release.

In other news, SRG chose EEM Sustainable Management, a Montreal-based consulting firm with experience in Guinea, to revise and update the environmental and social impact assessment for Lola.


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