Graphano Energy Ltd. Announces Initial Mineral Resource Estimate For Its Lac Saguay Graphite Project - LAB And Standard Properties
Property | Zone | Category | Tonnes | Cg (%) |
LAB | Pit Zone | Indicated | 250,000 | 8.96 |
Inferred | 100,000 | 7.28 | ||
Zone 1 | Indicated | 70,000 | 5.92 | |
Inferred | 120,000 | 5.81 | ||
Zone 3 | Indicated | 370,000 | 7.76 | |
Inferred | 380,000 | 6.89 | ||
Standard | Standard | Indicated | 950,000 | 6.27 |
Inferred | 980,000 | 7.16 | ||
Total | Indicated | 1,640,000 | 7.00 | |
Inferred | 1,580,000 | 7.00 |
| Category | Cut-off | Tonnes | Cg (%) | Contained Cg (t) |
Total | Indicated | 3.00% | 1,640,000 | 7.00 | 115,000 |
Inferred | 3.00% | 1,580,000 | 7.00 | 111,000 |
Mineral Resource Notes:
1) Mineral Resources were prepared in accordance with the CIM Definition Standards for Mineral Resources and Mineral Reserves (MRMR) (2014) and CIM MRMR Best Practice Guidelines (2019).
2) Graphitic carbon (Cg %) grade was estimated from 1.5m downhole assay composites using Inverse Distance Squared interpolation. No grade capping was applied.
3) LAB model block size is 5 m (x) by 5 m (y) by 6 m (z) with 4 units of sub-blocking and Standard model block size is 4 m (x) by 4 m (y) by 4 m (z) with 4 units of sub-blocking.
4) Bulk density of 2.80 g/cm3 was applied to all mineralized domains.
5) Mineral Resources are defined within an optimized pit shell with an average slope angle of 450 and an overall strip ratio of 4.73:1 (waste: mineralized material)
6) Parameters used in pit optimization include a long-term average graphite flake concentrate market price of $0.99/lb ($USD1,500/t), an overall metallurgical recovery of 90%, and costs at $4.50/t mining, $30/t processing, $12/t G&A, and $22/t transportation. All prices are CDN unless otherwise specified using an exchange rate of 1.35 CDN:USD.
7) Mineral Resources are reported at a cut-off grade of 3.0% Cg with the optimized pit shell and define reasonable prospects for eventual economic extraction by open pit mining methods.
8) Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
9) Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
10) Mineral Resource tonnages are rounded to the nearest 10,000. Contained Cg is rounded to the nearest 1,000.
FIGURE 1: Lac Saguay Graphite Project Mineral Resource
To view an enhanced version of this graphic, please visit:
Sample Data
The LAB Mineral Resource is based on 49 drill holes for 3,963m completed by Graphano and 86 drill holes for 6,199m completed by previous operators . The Standard Mineral Resource is based on 35 drill holes for 3,164m completed by Graphano. All drill core samples completed by Graphano were sampled, stored, and shipped using industry best practices and were delivered to Activation Laboratories (" Actlabs ") in Ancaster, Ontario 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 except for graphitic carbon; and C-Total (infrared). Actlabs is an independent commercial and ISO Certified Laboratory. The core sample program also included field duplicates, blanks, and a graphite standard sample for quality control and quality assurance (QA/QC) purposes.
Qualified Person
Matthew Harrington, P.Geo., of Mercator Geological Services Ltd., is an "Independent Qualified Person" as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects (" NI 43-101 ") and is responsible for the technical disclosure regarding the Lac Saguay Graphite Project Mineral Resource Estimate contained in this news release.
This news release has been reviewed and approved by Roger Dahn, B.Sc., P.Geo., a director of the Company and a "Qualified Person" as defined in NI 43-101.
About Graphano Energy
Graphano Energy Ltd. is an exploration and development company focused on evaluating, acquiring, and developing energy metals resources from exploration to production.
Graphite is one of the most in-demand technology minerals required for a green and sustainable world. The Company's Lac Aux Bouleaux property, situated adjacent to Canada's only producing graphite mine, in Québec, 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, the Company is developing its project to meet the demands of the future.
ON BEHALF OF THE BOARD OF DIRECTORS

Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Stonehaven Circle Marks 13Th Anniversary With Hadrian Colwyn Leading Calvio Ailegacyx Innovation
- Bitmex Launches Alpha Showdown Trading Competition Featuring 3 BTC Prize Pool And Additional Rewards
- Thrivestate Launches“Fly Before You Buy” Program, Enabling International Buyers To Explore Dubai Before Committing
- 1Inch Becomes First Swap Provider Relaunched On OKX Wallet
- Ozak AI Partners With Pyth Network To Deliver Real-Time Market Data Across 100+ Blockchains
- Xfunded Expands In Dubai, Strengthening Collaborations With Trading Influencers Across Europe
Comments
No comment