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Global Li-Ion Graphite Corp
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Global Li-Ion finishes drilling four holes at Chedic

2018-02-23 06:36 ET - News Release

Mr. Jason Walsh reports

GLOBAL LI-ION GRAPHITE FINISHES FIRST FOUR DRILL HOLES AT THE CHEDIC GRAPHITE PROJECT, NEVADA

Global Li-Ion Graphite Corp. has successfully completed the drilling of four holes at the Chedic graphite property. These four drill holes are believed to be the first ever drilled on the property, which is located near Carson City, Nev.

The goal of this first program is to test for the presence of graphite at four separate points over a 500-metre length of the interpreted trend of mineralization and also the relationship between the graphite mineralization and what appears to be the coincident geophysical anomaly identified in a previous program. Further, the drill holes will provide key information on possible widths and grades of the graphite mineralization where intersected and potentially confirm the strike orientation of the mineralized zone. If successful and results are encouraging enough, a second drill program will be planned and an application for permitting submitted at the earliest opportunity.

The holes just completed tested four locations along the 500 m long, CSAMT/MT geophysical survey anomaly which appears to coincide with the mapped trend of graphite mineralization observed in historical test surface survey pits. Five channel samples taken by William Feyerabend contain from 3.60 per cent to 29 per cent total carbon content.

A winter storm which occurred during the program resulted in one of the drill locations (CH-3) being left untested for this phase of drilling due to difficulty of moving heavy drilling equipment over a steeper part of the hillside where the drill hole was sited. Graphite was visually identified in each of the holes drilled and each hole was sampled in its entirety with samples sent to American Assay Labs at Sparks, Nev., for analysis of total carbon content. No assay results are available at this time but will be published upon receipt of the assay reports, along with the compilation and analysis of the data obtained in this initial stage of drilling.

Surface mapping of historical test pits and excavations of the graphite mineralized trend indicate that the dip of the mineralization is near vertical and trending approximately east-west. The drill hole orientations and locations were designed to intersect the mineralization as closely to perpendicular as ground conditions on surface would allow.

The Chedic graphite property history

The Chedic mine was opened by Walter Chedic in the early 1900s. The mine was also called the Voltaire and the Carson Black lead mine. Graphite was mined from an open pit approximately 120 feet (36.6 metres) long by 20 feet (6.1 metres) deep by 35 feet (10.7 metres) across. Graphite has also been reported in two exploration trenches or pits located approximately 200 feet (61 metres) and 600 feet (183 metres), respectively, to the east of the excavation pit, though no tonnages or grades are recorded for the mined material from the property. Five channel samples taken by Mr. Feyerabend contain from 3.60 per cent to 29 per cent total carbon content ("Technical Report on the Chedic Graphite Property, Carson City, Nevada," by William Feyerabend, qualified person, CPG11047).

American Assay Labs is an ISO-17025 accredited facility and uses the combustion infrared detection (carbon and sulphur ELTRA-CS) method in its analysis of carbon in drill cuttings sampled.

The technical content of this news release was reviewed and approved by William Freyerabend, PGeo, who is a qualified person within the meaning of National Instrument 43-101.

We seek Safe Harbor.

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