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Graphano Energy Ltd
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Close 2021-11-17 C$ 0.71
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Graphano samples up to 23.5% Cg at Lac Aux Bouleaux

2021-11-17 10:26 ET - News Release

Dr. Luisa Moreno reports


Graphano Energy Ltd. has issued an update on the phase 2 exploration activities at its 100-per-cent-owned Lac Aux Bouleaux (LAB) graphite property.

Exploration work highlights

  • The company has been active in the field performing ground geophysics, trenching and channel sampling, which resulted in several new graphite showings being identified in the eastern and southern areas of the property.
  • In the eastern zone of the property, excavation work guided by ground geophysical survey has exposed additional graphite mineralization and rock outcrops in the areas near LAB-4 and LAB-3. The graphite mineralization on GRID-1 occurs along the 1.3 kilometres of conductive trends outlined by the ground geophysical surveys.
  • In the southern zone of the property, trenching work exposed a large graphite zone with apparent large graphite flakes (GRID-4). This mineralization is also related to a well-defined conductive zone interpreted to have an average anomaly width of 30 metres.
  • Approximately 190 samples were sent to the laboratory for assaying. Thus far, assay results of about 50 samples have been received and are in the range of 0.34 per cent to 23.5 per cent graphitic carbon (Cg), with 19 samples over 10 per cent Cg, 12 samples between 5 per cent and 10 per cent Cg, and the remaining samples with values below 5 per cent Cg.

Luisa Moreno, chief executive officer of Graphano Energy, commented: "We are pleased that the ongoing prospecting work at our LAB property has led to new graphite showings and potential drilling targets. Once the assay results are completed, we will be able to disclose our drilling program and resource estimation plans."

The samples are a mix of grab and channel samples. Each channel sample from this work represents 50-centimetre-long, five-centimetre wide and three-to-five-centimetre deep cut in bedrock. The samples were bagged and tagged using best practices and were delivered to Activation Laboratories, Ancaster, Ont., for sample preparation and analyses using ActLabs' Code 4F-C graphitic, analyzing C-graphite (infrared) where the sample is subjected to a multistage furnace treatment to remove all forms of carbon, with the exception of graphitic carbon, and C-total (infrared). ActLabs is an independent commercial accredited ISO (International Organization for Standardization) certified laboratory.

Afzaal Pirzada, PGeo, a consultant to the company and a qualified person for the purposes of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.

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.

Graphite is one of the most in-demand technology minerals that is required for a green and sustainable world. The company's Lac Aux Bouleaux property in Quebec, Canada, has historically been an active area for natural graphite. With the demand for graphite growing in some of the most prominent and cutting-edge industries, such as lithium batteries in electric cars and other energy storage technologies, Graphano Energy is developing its project to meet the demands of the future.

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