AMN - GUINEA: Strong graphite results from Lola

Ongoing drilling results from the Lola Graphite Project in Guinea, West Africa, continue to encourage SRG Graphite. Assay results from 27 boreholes have confirmed the high-grade potential of the Lola deposit with 10 intercepts grading above 10% graphitic carbon (Cg).

The current drilling program aims at producing the first mineral estimates for the property's surface weathered profile, which will be included in a preliminary economic assessment scheduled for Q4 2017.

The weathered profile is approximately 32% thicker than the company's initial estimate of 20 metres, with several holes demonstrating thicknesses of up to 50 metres.

Best results are: 31 metres grading 5.76% Cg, including 14.67 metres at 9.80% Cg; 3 metres grading 14.22% Cg, including 4.50 metres at 36.97% Cg; and 19 metres grading 7.2% Cg, including 7.00 metres at 14.80% Cg.

The drilling program will cover approximately 16% of the total surface area of deposit as defined by geological mapping, a geophysical Max-Min survey and previous drilling and pitting.

The Lola Graphite Project is owned by Sama Resources Guinea SARL, a fully-owned subsidiary of Canadian-based SRG. The project is near the town of Lola in eastern Guinea and within 50km from the border with Côte d'Ivoire.

Core logging and sampling was performed at SRG's facility in Lola village. Sample preparations were performed at Veritas Laboratory in Abidjan, Ivory Coast. Sample pulps were delivered to Activation Laboratories, Ancaster, Ontario, Canada.

The samples were treated through a multistage furnace process to remove organic carbon and carbonate carbon. The remaining graphitic carbon was measured as carbon dioxide in the infrared cell as gases flow through the cell. Carbon dioxide absorbs IR energy at a precise wavelength within the IR spectrum. All analysis were performed using Eltra instruments.

"Drill results continue to reaffirm our belief in the quality of this remarkable graphite asset," said SRG's president and CEO Dr Marc-Antoine Audet.

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