Sama Graphite's Drill Results Confirm High-Grade Potential And Return Depth Profile of Up to 50 Meters

Graphite Investing

Sama Graphite (TSX VENTURE:SRG) (“SRG” or the “Company”) today announced receipt of more results from the drilling program currently underway on the Lola Graphite property in the Republic of Guinea. Assays returned encouraging results, such as 30 meters at 8.14% Cg, including 19 meters at 11.40% Cg. Additionally, drilling in the northern part of the …

Sama Graphite (TSX VENTURE:SRG) (“SRG” or the “Company”) today announced receipt of more results from the drilling program currently underway on the Lola Graphite property in the Republic of Guinea.

Assays returned encouraging results, such as 30 meters at 8.14% Cg, including 19 meters at 11.40% Cg.
Additionally, drilling in the northern part of the deposit demonstrated increased thicknesses of the weathered graphite mineralized profile to up to 50 meters (“m”) from surface.
To date, the Company has completed 99 boreholes totaling approximately 2,450 meters, representing approximately 60% of the program.

The drill rig is now situated in the northern zone of the deposit, where a total of 36 boreholes are to be drilled. The first hole drilled at this location returned 52 meters of weathered profile, significantly thicker than SRG’s initial estimate of 20 meters.
Based on results to date, the average weathered profile is approximately 32% greater than anticipated.
The current drilling program aims at producing the first mineral estimates that will be included in the Preliminary Economic Assessment planned for Q4 2017.
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