Graphano Energy Ltd. (TSXV: GEL) (OTCQB: GELEF) (FSE: 97G0) has announced that it has staked 20 additional mining claims at its Lac-Aux-Bouleaux (“LAB”) project in Quebec, Canada.
Luisa Moreno, Chief Executive Officer of the Company, stated: “We are pleased to have extended our LAB claims, significantly enhancing our exploration potential in the area. The LAB region, home to a historical graphite mine and adjacent to the operating Lac-des-Iles mine, is the only graphite-producing area in North America. Our exploration results at the LAB project have been very promising, reinforcing our commitment to expanding our footprint in this region.”
The new claims more than double the holdings comprising the LAB project. Initially, the LAB claims consisted of 16 units (840.71 Ha). With the addition of 20 new claims (1,187.13 Ha), the total area now encompasses 36 claims over 2,028 Ha.
Graphano’s New Claims at Lac Aux Bouleaux
The stratigraphy and geology of the new claims are similar to the original LAB project claims and the Lac des Iles mine. However, the new claims’ area remains largely unexplored.
Qualified Person
The technical content disclosed in this press release was reviewed and approved by Mr. Martin Ethier, Géo (#1520), a Member of the Order of Geologists of Québec, and Roger Dahn, B.Sc., P.Geo, a director of the Company, both of whom are “Qualified Persons” as defined under NI 43-101 – Standards of Disclosure for Mineral Projects.
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. The Company’s Lac Aux Bouleaux property, situated adjacent to Canada’s only producing graphite mine in Quebec, has historically been an active area for natural graphite. The Company is developing its project to meet the growing demand for graphite in industries such as lithium batteries in electric vehicles and other energy storage technologies.
ON BEHALF OF THE BOARD OF DIRECTORS
Luisa Moreno
Chief Executive Officer and Director
Disclaimer:
The content presented on this page has not been manually verified by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.
The image is randomly selected and doesn’t necessarily represent the company or the news below.