The Company plans to complete approximately 20 holes totaling at least 1,500 metres. The program will focus on Zones 3 and 8 where recent surface trenching and sampling work identified significant grades and widths of graphite mineralization. Complete trench assay results with trench locations are presented in Table 1. Please also refer to Figure 1.
Most of the drilling will be directed to Zone 3 which is approximately 500 metres long. The intent of the drilling program is to evaluate the characteristics and magnitude of mineralization in these zones.
Zone 3 Trench Highlights:
20.16% Cg over 3.68 metres, 14.65% Cg over 5.0 metres, 18.32% Cg over 3.72 metres, 14.37% Cg over 6.0 metres and 14.10% Cg over 3.0 metres
Zone 8 Trench Highlights:
5.79% Cg over 2.0 metres and 5.72% Cg over 4.0 metres
Early in 2022, the Company completed a drilling program on Zones 1 and 4. There are eight prospective targets which have been defined on the property to date, through the Company's surface trenching and sampling programs completed in 2021 as well as a compilation of historical drilling and other exploration data.
A total of 51 channel samples were collected during the 2022 trenching program. Each channel sample from the trenching work ranged from a minimum of 50 cm to a maximum of 100 cm long, 5 cm wide and 3-5 cm deep cut in bedrock.
The samples were bagged and tagged using best practices and were delivered to
About
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
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Chief Executive Officer and Director
E: info@graphano.com
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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, relating to future operations - exploration, drilling and other activities of Graphano - 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, the Company's exploration plans and the impact thereof. 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 contingencies. 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 parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to complete proposed exploration work, the results of exploration, continued availability of capital, and changes in general economic, market and business conditions. 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. We seek safe harbour.
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