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SRG Graphite to File Maiden Mineral Resource Estimate for its Lola Graphite Deposit
Dec. 22, 2017 09:02AM PST
Battery Metals InvestingSRG Graphite (TSX-V:SRG) (“SRG” or the “Company”) is pleased to report 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 …
SRG Graphite (TSX-V:SRG) (“SRG” or the “Company”) is pleased to report 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.
Marc-Antoine Audet, President and Chief Executive Officer of SRG, said:
“The Met-Chem/DRA resource estimate demonstrates the exceptional potential of the Lola project and marks yet another significant milestone for the Company.”
Based on the foregoing results, the Company has decided to review the scope of the ongoing preliminary economic assessment launched in September.