MONTREAL, Oct 1, 2018 /CNW
Telbec/ - SRG Graphite Inc. (TSXV: SRG) ("SRG" or the
"Company") is pleased to provide an update on the ongoing
feasibility study for the Lola Graphite Project in Guinea, West
Africa, announced earlier this month. Fieldwork required for
the feasibility study is either well under way or completed ahead
of schedule or on time. Given the positive advancement of
fieldwork, management is confident in the timeline established for
the completion of the feasibility study.
"We are very pleased with the progress of the fieldwork," said
Raphaël Beaudoin, P.Eng., VP Operations, Metallurgy and Process
Design. "Our local team and our technical partners are dedicated
and hardworking, which is yielding results. It's exciting to
finally move toward civil geotechnical and mine design
studies."
The mine geotechnical fieldwork, piloted by Mine Design
Engineering ("MDEng"), is completed. Samples are already at the
laboratory and preliminary results should be received by year's
end. The mine geotechnical study will help SRG design the open-pit
mine by assessing soil composition over and around the
deposit.
Similarly, the civil geotechnical fieldwork, piloted by Sahara
Natural Resources ("SNR") and DRA, is also completed. Samples are
already at the laboratory, and preliminary results should also be
received by year's end. The civil geotechnical study will
contribute to finalize plant location.
The hydrogeology fieldwork, also piloted by SNR and DRA, is well
under way. Four of the six projected wells have already been dug.
The groundwater study is essential for open-pit mine design and the
environmental impact study.
For tailing storage facility ("TSF") design, Epoch Resources has
conducted their initial site visit in mid-September. They have
identified nine potential TSF. Epoch will now evaluate which site
is best suited for the project and define the tailings management
method. Results of this study will be known by year's end.
ABOUT SRG
SRG is a Canadian-based company focused on developing mineral
deposits located in the Republic of Guinea, West
Africa. SRG is committed to operating in a socially,
environmentally, and ethically responsible manner.
For additional information, please visit SRG's website at
www.srggraphite.com.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This press release contains "forward-looking information" within
the meaning of Canadian securities legislation. All material
contained herein that is not clearly historical in nature may
constitute forward-looking information, including references to the
plans and project of the Company, such as proceeding with
production at the Company's Lola Project or proceeding with
exploration activities on its permits, including Lola and Gogota.
Generally, such forward-looking information can be identified by
the use of forward-looking terminology and phrases or can state
that certain actions, events, or results "expect," "may," "could,"
"would," or "might." Forward-looking information is subject to
known and unknown risks, uncertainties, and other factors that may
cause the actual results, level of activity, performance, or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking information.
Forward-looking information is based on assumptions management
believes to be reasonable at the time such statements are made.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in the forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated, or
intended. There can be no assurance that such forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
forward-looking information. Accordingly, readers should not place
undue reliance on forward-looking information. Forward-looking
information is given as of the date of this press release, and the
Company does not undertake to update such forward-looking
information except in accordance with applicable securities laws.
Additional information on these and other factors that could affect
SRG's operations and financial results are included in reports on
file with Canadian securities regulatory authorities and may be
accessed through the SEDAR website (www.sedar.com).
SOURCE SRG Graphite