05:47:38 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Graphano Energy stakes 3,923 hectares at Standard

2024-03-13 09:06 ET - News Release

Mr. Luisa Moreno reports

GRAPHANO STAKES NEW CLAIMS AT THE STANDARD MINE

Graphano Energy Ltd. has staked an additional 79 mining claims on the eastern side of its existing 100-per-cent-owned Standard mine project. These additional new claims represent a significant increase in the total land claims of the company and expands the claims at Standard by 3,923 hectares to a total of 4,265 hectares.

Luisa Moreno, chief executive officer of the company, stated: "The new claims are situated to the north of the Lac-Aux-Bouleaux project and immediately to the east of Standard, where we have already confirmed high-grade graphite mineralization from drilling. We have long recognized this region as North America's sustainable source of graphite for the EV industry and we look forward to initiating exploration work in the new claims to further expand our resource potential."

In 1997, government reconnaissance work reported four outcrops with visible graphite, which will serve as good starting locations for the company's exploration program. As previously reported, the region has good power and road infrastructure, with many forestry roads for easy access. The claims are located between the Mousseau project and Standard. The Mousseau project has a measured and indicated resource of 2.8 million tonnes grading 7.9 per cent graphitic carbon equating to 200,000 tonnes of contained graphite at the west side of the deposit, with the remainder of the Mousseau claims still unexplored.

Qualified person

The technical content disclosed in this press release was reviewed and approved by Martin Ethier, Geo, who is a member of the Order of Geologists of Quebec and a qualified person as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and Roger Dahn, BSc, PGeo, a director of the company and a qualified person as defined in NI 43-101.

About Graphano Energy Ltd.

Graphano Energy is an exploration and development company that is focused on evaluating, acquiring and developing energy metals resources from exploration to production.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.