Graphano Energy drills first hole at LAB Graphite Project

Graphano Energy Ltd. has announced that Phase 1 drilling activity has commenced at its 100% owned Lac Aux Bouleaux Graphite Property (“LAB“, the “LAB Property” or the “Property“) in Quebec. Drilling contractor Forage Hébert Inc. of Amos, Quebec, has been awarded the contract for the drill program.

Figure 2 – Plan Map of Historical Resource Area and 2022 Target Zones (CNW Group/Graphano Energy Ltd.)Plan Map of Historical Resource Area and 2022 Target Zones (CNW Group/Graphano Energy Ltd.)

The Company plans to complete approximately 20 holes totaling 2,800 meters NQ size core drilling on the Property. The program will focus on Zones 1 and 4 where 2021 surface trenching and sampling programs identified significant grades and widths of graphite mineralization (see Graphano mews release dated January 13, 2022), including:

  • Channel sample results from Zone 1 include 7.9% Cg over 9.5 meters including 13.9% over 4.5 meters;
  • Channel sample results from Zone 4 include 18.0% Cg over 4.0 meters and 5.8% Cg over 8.0 meters which includes 14.8% over 3.0 meters.

The intent of the drill program is to evaluate the characteristics and magnitude of mineralization in these two zones. The program will be the Company’s initial step in building a current Canadian Institute of Mining Metallurgy and Petroleum (CIM) / National Instrument 43-101 compliant mineral resource on the Property.

Zones 1 and 4 are just two of the 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. The most relevant historical data is from Orrwell Energy Corp.’s 1980s program consisting of 79 diamond drill holes totalling 19,550 feet (5,958 metres) and resource estimation work.

Luisa Moreno, Chief Executive Officer, commented: “We are pleased that the drilling program is now under way and we will be spending the next four to six weeks performing exploratory drilling in two of the eight new target areas. An important asset of LAB is its metallurgy. The Property contains a high proportion of large and jumbo flakes from which a high purity concentrate was proven to be produced across all flakes by a simple flotation process. We also have the historical resource site that will be investigated as we prepare to build a resource.”

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