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Sama Resources Reports on SRG’s Maiden Mineral Resource Estimate for its Lola Graphite Deposit
Dec. 22, 2017 09:04AM PST
Battery MetalsSama Resources (“Sama” or the “Company”) (TSX-V:SME) is pleased to report that SRG Graphite Inc. (“SRG”) (TSX-V:SRG) announced today its initial resource estimate for its 100%-owned Lola Graphite Deposit located in the Republic of Guinea. The mineral resource estimate, prepared by Montréal-based Met-Chem, a division of DRA Americas (“Met-Chem/DRA”), includes a pit-constrained indicated resource of …
Sama Resources (“Sama” or the “Company”) (TSX-V:SME) is pleased to report that SRG Graphite Inc. (“SRG”) (TSX-V:SRG) announced today its initial resource estimate for its 100%-owned Lola Graphite Deposit located in the Republic of Guinea. The mineral resource estimate, prepared by Montréal-based Met-Chem, a division of DRA Americas (“Met-Chem/DRA”), includes a pit-constrained indicated resource of 4.0 million tonnes (“Mt”) grading 5.7% graphitic carbon (“Cg”) and an inferred resource of 4.6 Mt grading 6.5% Cg, using a cut-off grade of 3.0% Cg.
Mineral resources were based on 170 boreholes for 4,936 meters drilled prior to September 30, 2017. Since that time, an additional 100 diamond drill holes were completed, totaling approximately 7,200 meters. Assay results for these additional holes are pending.
The Company has planned an additional 6,000 meters of drilling, scheduled to take place in 2018.