908 – 510 Burrard Street
Vancouver, B.C. V6C 3A8
GLOBAL LI-ION GRAPHITE CONFIRMS 96% CARBON CONTENT AND 76% LARGE FLAKE GRAPHITE AT AMBATO-ARANA MADAGASCAR
LION: CSE GBBGF:OTCQB 0TD:F
Vancouver, BC February 5th 2018, – Global Li-Ion Graphite Corp. (“LION” or, the “Company”) (CSE: LION) is pleased to announce it has received the final report for a minerology and assay analysis study undertaken by the company and completed by SGS Labs Canada, on a graphite sample taken from its past-producing Ambato-Arana Graphite Project in Madagascar. The sample studied is graphite concentrate post-crushing, grinding, flotation and drying. The analysis by SGS Canada Inc. has returned what management feels are very positive results, the most significant of which are: 7.7% of the sample being of 30 mesh or greater – i.e. super jumbo flake size, 51.5% being of 48 mesh or greater – i.e. jumbo flake size and 76.0% being of 65 mesh or greater – i.e. large flake size. In terms of carbon content, the sample has shown to be 96% carbon content.
SGS also reported in summary that:
– The graphite grain size distribution (GSD) is relatively coarse, with very few fines
– The graphite grains observed within this sample would seem to have a high competency
– The particle size distribution (PSD) indicated is very coarse
“The study results support our belief in the projects potential as a possible near term producer of high value graphite. The market value of graphite is largely a function of purity and grain size of the end product with larger grain size generally being of higher value and the most sought after product. The Company has compiled a large amount of historical data from the past operators and relevant Malagasy government bodies. Management is now working with Pascal Marchand M. Sc, P. Geo. to complete a confirmation and delineation drill program to best plan resuming production of high grade high quality graphite at its Ambata-Arana Graphite mine,” states Sam Malin, special advisor to the Board.
About the Malagasy Graphite Property
The three mining exploitation licenses that comprise the Project are located in the vicinity of Andasibe in Toamasina Province in Madagascar, 20 km to the southwest of Sheritt’s Ambatovy nickel/cobalt laterite open pit mine, and 200km via road from the seaport of Toamasina, Madagascar’s main port. The licenses total 4,375 hectares (10,811 acres). Graphite was produced on the licenses for roughly a century from 1910. The production to date has been free digging of lateritic ore and open pit mining, providing low cost exploitation without need for blasting.
Analytical methods utilized by SGS Canada (an ISO accredited analytical laboratory) in the study include optical microscopy and x-ray diffraction in determining grain size and distribution of graphite minerals, and for assay analysis total sulphur, Loco Method, sodium peroxide fusion/ICP-AES finish and sodium peroxide fusion/ICP-MS finish.
The technical content of this news release was reviewed and approved by Glen Macdonald, P.Geo, who is a Qualified Person within the meaning of NI 43-101.
Further information about Global Li-Ion is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and the Company’s website, www.globalli-iongraphite.com.
For Further information about the Company, please contact:
Director & Officer
Global Li-Ion Graphite Corp.
Neither the Canadian Securities Exchange nor its regulation services provider have reviewed or accept responsibility for the adequacy or accuracy of this press release.
This press release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks discussed in the Company’s Management’s Discussion and Analysis under the Company’s profile on www.sedar.com. While the Company may elect to, it does not undertake to update this information at any particular time.