By The Gold Report
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:
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.
Free Reports:
“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.”
Read what other experts are saying about:
Sign up for our FREE newsletter at: www.streetwisereports.com/get-news
Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: SRG Graphite. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of SRG Graphite, a company mentioned in this article.
( Companies Mentioned: SRG:TSX.V,
)