Graphano Energy - CEO, Luisa Moreno.
CEO, Luisa Moreno.
Source: Graphano Energy.
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  • Graphano Energy (GEL) has released the results from the last hole of its Phase 1 drill program on its 100-per-cent-owned Lac Aux Bouleaux (LAB) graphite property
  • LAB Property is located contiguous to the Lac-des-Iles graphite mine and covers the immediate southern extension of the productive graphite horizons
  • Drill hole LB22-30 totalling 141.0 metres intersected 6.34 per cent graphitic carbon (Cg) over 11.0 metres
  • The graphite mineralization observed during drilling is hosted within a sequence of paragneiss and recrystallized limestone units
  • Graphano Energy Ltd. is an exploration and development company
  • Graphano Energy Ltd. was unchanged at $0.22 at 1:25 PM ET

Graphano Energy (GEL) has released the results from the last hole of its Phase 1 drill program on its Lac Aux Bouleaux (LAB) graphite property in Quebec.

Located contiguous to the Lac-des-Iles graphite mine, the LAB Property covers the immediate southern extension of the productive graphite horizons.

“We are very encouraged with the drill results from the Phase 1 drill program at LAB and the indicated resource potential in the ‘historical resource area’ outlined by Orrwell Energy in the 1980s,” said Luisa Moreno, Chief Executive Officer of the company.

“Additional work will continue on the property and we are confident in proving up graphite resources to position Graphano as a potential near term producer,” he added.

Drill hole LB22-30 totalling 141.0 metres intersected 6.34 per cent graphitic carbon (Cg) over 11.0 metres at the edge of the historical resource area established during Orrwell Energy Corp.’s exploration work between 1981 and 1983.

Orrwell Energy completed 79 diamond drill holes totalling 19,550 feet (5,958 metres) and resource estimation work. In 2018, Graphite Energy Corp. completed four drill holes also in this area.

Highlights of Graphano’s recent hole and the previous drilling by Graphite Energy and Orrwell Energy are available.

The graphite mineralization observed during drilling is hosted within a sequence of paragneiss and recrystallized limestone units.

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

Graphano Energy Ltd. was unchanged at $0.22 at 1:25 PM ET.

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