MONTREAL, QUEBEC--(Marketwired - June 15, 2017) - Sama Graphite Inc.(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.
Highlights
- Assay results confirm the high-grade potential:
- LL45-009429: 30.00 meters at 8.14% Cg, including 19.00 meters at 11.40% Cg
- Thickness of the weathered profile extends to a depth of up to 50 meters in the northern section of the deposit, considerably more than the initially estimated depth of 20 meters
- Based on results to date, the average weathered profile is approximately 32% greater than anticipated.
- Approximately 60% of the drilling program has been completed
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.
Composite results shown in Table 1 are for 19 boreholes drilled in southern locations.
The current drilling program aims at producing the first mineral estimates that will be included in the Preliminary Economic Assessment planned for Q4 2017. Boreholes are drilled on a 50 m x 20 m and 100 m x 20 m drilling spacing in two separate locations: southern sector and the northern sector. The current drilling program is aiming at covering approximately 16% of the total surface area of deposit as defined by geological mapping, a geophysical Max-Min survey and previous drilling and pitting.
Table 1
The following table illustrates the details of the mineralized intervals for 20 holes drilled at the Lola Graphite Deposit. Intervals were defined using 1.0% Cg cut-off grades.
| HOLE‐ID | FROM (m) | Thickness (m) | CG % | |
| LL45‐187550 | 9.00 | 19.70 | 5.68 | |
| including | 6.20 | 9.31 | ||
| LL45‐193605 | 0.00 | 15.85 | 3.81 | |
| including | 4.50 | 7.21 | ||
| LL45‐211611 | 3.00 | 12.00 | 2.33 | |
| LL45‐117580 | 1.50 | 12.40 | 6.77 | |
| including | 8.90 | 8.42 | ||
| LL45‐097572 | 0.00 | 6.00 | 3.64 | |
| including | 3.50 | 4.65 | ||
| LL45‐077565 | 0.00 | 28.60 | 6.22 | |
| including | 21.60 | 7.73 | ||
| LL45‐059559 | 0.00 | 27.20 | 4.10 | |
| LL45‐079303 | 0.00 | 33.00 | 4.02 | |
| including | 4.50 | 14.73 | ||
| LL45‐060296 | 0.00 | 34.00 | 3.67 | |
| including | 10.50 | 8.40 | ||
| LL45‐037287 | 1.50 | 10.50 | 4.72 | |
| including | 3.00 | 11.93 | ||
| LL45‐001269 | 16.50 | 15.00 | 3.23 | |
| LL45‐026378 | 0.00 | 27.70 | 4.41 | |
| including | 14.10 | 6.70 | ||
| LL45‐043385 | 0.00 | 31.00 | 4.56 | |
| including | 23.00 | 5.55 | ||
| LL45‐066393 | 0.00 | 30.75 | 4.03 | |
| including | 4.50 | 12.70 | ||
| LL45‐137423 | 0.00 | 2.60 | 1.55 | |
| LL45‐159425 | 0.00 | 0.00 | ||
| LL45‐176433 | 2.20 | 19.00 | 5.35 | |
| including | 14.60 | 6.24 | ||
| LL45‐196439 | 3.00 | 20.00 | 5.08 | |
| including | 16.10 | 5.95 | ||
| LL45‐009429 | 0.00 | 30.00 | 8.14 | |
| including | 19.00 | 11.40 | ||
Drilling was performed using a Coretech core drill rig. Core logging and sampling were performed at SRG's facility in Gogota village. Sample preparations were performed by Bureau Veritas Mineral Laboratory's facility in Abidjan, Côte d'Ivoire. Pulp samples were delivered to Activation Laboratories Ltd, Ancaster, Ontario, Canada for assaying. All samples were assayed for graphitic carbon by infrared.
About Sama Graphite Inc. (SRG)
SRG is a Canadian-based company focused on developing the Lola Graphite deposit, located in the Republic of Guinea, West Africa. SRG is committed to operate in a socially, environmentally and ethically responsible manner.
For additional information, please visit SRG's website at www.srggraphite.com.
