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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