Base Metals

TSXV:SRG

SRG Graphite has released its maiden resource estimate for its Gogota nickel-cobalt deposit located in the Republic of Guinea. 

SRG Graphite (TSXV:SRG) has released its maiden resource estimate for its Gogota nickel-cobalt deposit located in the Republic of Guinea.

The mineral resource estimate includes a pit-constrained inferred resource of 44.9 million tonnes of mineralized material grading 1.28 percent nickel for 573,040 tonnes of contained nickel. The cobalt grade of the resource is 0.13 percent cobalt for 59,560 tonnes of contained cobalt. The resource also contains 29.4 grams per ton of scandium for 1.17 tonnes of contained scandium in the limonitic portion of the deposit.

As highlighted in the press release:

  • 44.9 Mt of mineralized weathered material (limonite and saprolite) from surface to 40 meters
  • 1.28 percent nickel, 0.13 percent cobalt, 29.4 grams per tonne of scandium
  • 38Mt of limonite material grading 0.15 percent cobalt for 57,140 tonnes of in-situ cobalt
  • Preliminary strip ratio of 0.23

As quoted in the press release, president and chief operating officer of SRG Ugo Landry-Tolszczuk said:

“While our focus remains on bringing our Lola graphite deposit into production, we are investigating the best way to pursue the development of the Gogota deposit given its significant potential for value creation.”

Click here to read the full SRG Graphite (TSXV:SRG) press release.

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