TORONTO, ON / ACCESSWIRE / November 15, 2022 / Gratomic Inc. (“Gratomic”, “GRAT,” or the “Company”) (TSXV:GRAT)(OTCQX:CBULF)(FSE:CB82) is pleased to announce the completion of a National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI43-101“) technical report dated November 14, 2022 with an effective date of October 29, 2022 and entitled “NI 43-101 Technical Report on The Capim Grosso Graphite Project, Brazil” (the “Technical Report“) in respect of its 100% owned Capim Grosso graphite project located in the Bahia State of Brazil, with the Company holding a 100% controlling interest in the property (the “Capim Grosso Project“). The Technical Report was co-authored by Nico Scholtz (Principal Author) Pr. Sci. Nat. (“QP”) and Carlos Bastos M.Sc. Geology. The Technical Report provides a summary of work carried out on the Capim Grosso Project between 2021 and 2022 and recommends a follow up exploration program for the property. A copy of the Technical Report is available on the Company’s SEDAR issuer profile at www.sedar.com.
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The Capim Grosso graphite project is located within the São Francisco Craton (SFC). The SFC is a tectonic domain surrounded by Neoproterozoic orogens. Its southern sector is composed by Archean crust, with age between 3.5 and 2.6 Ga, that is formed mostly by granite-gneisses and greenstone belts constituted by mafic-ultramafic, intermediate-felsic volcanic and volcanoclastic rocks with terrigenous sediments.
The exploration work completed by Gratomic to date included the excavation of exploration trenches over delineated target areas. Graphite mineralisation intersected in these trenches have been followed up with exploration diamond drilling. The results of the trenching and drilling to date warrants additional expenditure and confirms the good exploration potential of the Capim Grosso project. In order to further the exploration efforts on the project, the QP has designed an exploration program over two stages which entails:
- Stage 1: Trenching followed by Diamond drilling on defined targets
- Stage 2: Mineral Resource Estimation and metallurgical testing
Further to the Company’s Press Release dated June 27, 2022, the Company has completed a total of 4,051.15 m of the 5000 m drilling campaign on its Capim Grosso Project and has completed 28 diamond drill holes with further diamond drilling continuing. Included in this press release are assay details on holes 17 to 26. Outstanding assay results on the remaining completed holes will follow later.
Table 1: Drillholes completed to date on the Capim Grosso Project in Brazil (WGS84 UTM 24S)
(Height in meters)
Additional batches of its drillhole assays from the Capim Grosso Project has been received from SGS Geosol in Brazil which included the following:
- 208 assays (of which 11 were CRMs, 9 blanks and 13 duplicates)
Table 2: Table 2 highlights intervals from holes CGD017 to CGD026 on the Capim Grosso Project in Brazil (1 % TGC cut-off grade and 3 % minimum TGC grade used). Internal QA/QC was performed by Gratomic inserting a Certified Reference Material (CRM) every 20 samples, (OREAS 725) which assayed within 97 % of the expected graphitic carbon value of the CRM. The QP therefore accepts the values of the laboratory assays. The intervals are regarded as true width (or as close as possible to) due to the dip of drillholes being perpendicular on measured dip of geology.
|CGD017||113.02||115.03||2.01||4.34||2.01m @ 4.34 TGC||391337.67||8750801.65|
|CGD018||120.65||122.48||1.83||4.98||1.83m @ 4.98 TGC||391279.56||8750930.07|
|CGD020||35.24||36.08||0.84||3.43||0.84m @ 3.43 TGC||390536.66||8751989.46|
|CGD020||73.91||74.91||1.00||4.13||1.00m @ 4.13 TGC||390551.50||8752001.91|
|CGD020||138.85||139.85||1.00||3.26||1.00m @ 3.26 TGC||390576.37||8752022.79|
|CGD020||150.45||151.25||0.80||3.80||0.80m @ 3.80 TGC||390580.78||8752026.48|
|CGD021||10.20||11.10||0.90||5.82||0.90m @ 5.82 TGC||390442.08||8752104.42|
|CGD021||43.25||44.20||0.95||3.03||0.95m @ 3.03 TGC||390454.75||8752115.05|
|CGD021||64.55||66.60||2.05||5.23||2.05m @ 5.23 TGC||390463.12||8752122.08|
|CGD021||112.25||113.07||0.82||7.24||0.82m @ 7.24 TGC||390481.15||8752137.21|
|CGD022||77.55||79.21||1.66||7.15||1.66m @ 7.15 TGC||390366.02||8752263.19|
|CGD022||79.75||80.75||1.00||5.57||1.00m @ 5.57 TGC||390366.74||8752263.79|
|CGD022||81.75||83.70||1.95||8.21||1.95m @ 8.21 TGC||390367.69||8752264.59|
|CGD022||88.30||91.30||3.00||3.89||3.00m @ 3.89 TGC||390370.40||8752266.86|
|CGD023||8.15||9.15||1.00||3.09||1.00m @ 3.09 TGC||390242.31||8752390.78|
|CGD023||79.95||80.81||0.86||4.74||0.86m @ 4.74 TGC||390269.79||8752413.83|
|CGD024||86.70||87.50||0.80||3.31||0.80m @ 3.31 TGC||390125.36||8752641.99|
|CGD024||92.48||93.28||0.80||3.76||0.80m @ 3.76 TGC||390127.58||8752643.85|
|CGD025||44.90||47.10||2.20||3.35||2.20m @ 3.35 TGC||390439.62||8752102.78|
|CGD025||70.10||71.17||1.07||4.95||1.07m @ 4.95 TGC||390449.05||8752110.70|
|CGD025||112.60||113.80||1.20||4.10||1.20m @ 4.10 TGC||390465.36||8752124.38|
|CGD025||115.24||118.24||3.00||3.47||3.00m @ 3.47 TGC||390466.71||8752125.52|
|CGD026||29.00||31.00||2.00||3.99||2.00m @ 3.98 TGC||390072.49||8752598.64|
|CGD026||57.46||59.06||1.60||8.44||1.60m @ 8.44 TGC||390083.31||8752607.72|
|CGD026||59.96||60.94||0.98||14.51||0.98m @ 14.51 TGC||390084.15||8752608.43|
|CGD026||69.75||71.35||1.60||6.25||1.60m @ 6.25 TGC||390088.02||8752611.67|
Arno Brand, President & CEO, states, “We are extremely pleased with the results of the 43-101 on Capim Grosso. This is the material evidence that we are in the right direction of becoming a major international player and early mover in the graphite market by developing this project.”
“Right jurisdiction, very high-quality deposits, tonnage, competent team. This report just reflects the confidence we all had in this project since the beginning”, says Armando Farhate, COO & Head of Graphite Marketing & Sales.
Nico Scholtz is a consulting geologist and has reviewed and approved the scientific and technical information in this news release. Mr. Scholtz is a registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (Pr. Sci. Nat. No. 400299/07). Mr. Scholtz is the Company’s “Qualified Person” as defined by NI 43-101.
Gratomic is a multinational company with projects in Namibia, Brazil, and Canada. The Company is focused on becoming a leading global graphite supplier and aims to secure a strong position in the EV battery supply chain. With the continued development of its flagship Aukam project and further exploration on the Company’s Capim Grosso property, Gratomic sets itself apart by seeking out unique top-quality assets around the world. True to its roots, the Company will continue to explore graphite opportunities displaying potential for development. The Company ranked third place in the top 10 preforming mining stocks on the 2022 TSX Venture 50™.
Large quantities of high-quality vein graphite have been shipped for testing to confirm its viability as an anode material. Gratomic is confident that the test results will provide a unique competitive advantage in its desired target markets. The Company will continue to update the public on the status of these tests and will provide results as soon as they become available.
The Company has formed a collaboration agreement with Forge Nano. With its patented ALD coating, this cooperation with Forge Nano is a key element to support Gratomic’s strategies towards the value-added phases of production of graphite for anode applications, namely micronization, spheronization and coating, making Gratomic graphite a preferred choice for use in lithium-ion batteries.
For more information: visit the website at www.gratomic.ca or contact:
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Forward Looking Statements:
This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com)
SOURCE: Gratomic Inc.