Gratomic Provides Drilling Update on Capim Grosso Graphite Project

Rhea-AI Summary

Gratomic (TSX-V: GRAT, OTCQX: CBULF) has completed 1,734.30 meters of a planned 5,000-meter drilling campaign at its Capim Grosso graphite project in Bahia, Brazil. The company has finished 15 diamond drillholes, with assays received from SGS Geosol indicating promising Total Graphitic Carbon (TGC) results. The results show significant intervals of graphitic carbon across various drillholes. Following the completion of drilling, Gratomic plans to generate a Maiden Mineral Resource Estimate in compliance with National Instrument 43-101 standards.

Positive

• Completion of 1,734.30 meters of drilling from the planned 5,000 meters.
• Significant intervals of Total Graphitic Carbon (TGC) in drillhole assays.
• Second drilling rig introduced, expediting drilling operations.
• Plans for a Maiden Mineral Resource Estimate align with NI 43-101 standards.

Negative

• None.

TORONTO, ON / ACCESSWIRE / May 2, 2022 / Gratomic Inc. ("Gratomic", "GRAT," or the "Company") (TSX-V:GRAT)(OTCQX:CBULF)(FSE:CB82) announces that 1,734.30 m of the 5,000-meter drilling campaign on its Capim Grosso graphite project has been completed. 15 diamond drillholes were completed to date, with two additional holes in progress. The project is located in the Bahia State of Brazil, with the Company holding a 100% controlling interest in the property.

The drilling has been expedited by the introduction of a second drilling rig, which has been onsite since February of 2022 as per this press release dated February 23, 2022.

Table 1: Drillholes completed to date on the Capim Grosso Project in Brazil (WGS84 UTM 24S)

NAME	X	Y	Z	AZIMUTH	DIP	EOH
CGD001	391942	8749876	381	45	-58	100.10
CGD002	391867	8749905	382	50	-60	141.20
CGD003	391926	8749863	381	50	-60	120.55
CGD004	391842	8749975	381	50	-60	93.15
CGD005	391775	8750076	378	50	-60	111.00
CGD006	391722	8750171	378	50	-60	120.65
CGD007	391626	8750343	375	50	-60	120.20
CGD008	391755	8750196	376	50	-60	100.05
CGD009	391603	8750328	376	50	-60	120.00
CGD010	391597	8750372	375	50	-60	141.00
CGD011	391574	8750352	376	50	-60	140.05
CGD012	391533	8750454	373	50	-60	134.65
CGD013	391431	8750595	373	50	-60	140.70
CGD014	391392	8750562	376	50	-60	151.00
CGD015	391336	8750756	371	50	-60	206.90

The first batch of its drillhole assays from the Capim Grosso Project has been received from SGS Geosol in Brazil which included the following:

75 assays, which includes three internal Certified Reference Materials

Table 2: Table 2 highlights intervals from the first 8 drill holes on the Capim Grosso Project in Brazil (1 % TGC cut-off grade and 3 % minimum TGC grade used). More detailed information of the assay results from the 8 holes is set out in Table 4 below. 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.

DH_Hole	DH_From (m)	DH_To (m)	Length (m)	Total Graphitic Carbon (TGC) (%)
CGD001	20.74	31.90	11.16	13.13
	37.37	38.55	1.18	10.11
	39.60	40.47	0.87	3.33
	40.84	41.32	0.48	3.08
CGD002	114.35	114.45	0.10	5.92
	130.25	130.69	0.44	8.42
CGD003	71.93	73.53	1.60	6.72
	74.80	75.40	0.60	8.24
	79.85	81.83	1.98	3.21
CGD004	26.26	27.45	1.19	3.11
	63.95	65.01	1.06	3.76
CGD005	38.07	38.64	0.57	13.54
	40.00	41.58	1.58	11.13
	47.23	48.65	1.42	8.56
	79.24	79.56	0.32	9.13
CGD006	67.60	69.35	1.75	3.47
	72.55	73.38	0.83	3.91
	77.23	81.11	3.88	7.41
CGD007	16.40	17.76	1.36	3.84
	23.25	24.70	1.45	10.89
	50.25	56.25	6.00	3.95
	56.80	58.68	1.88	5.41
	64.98	65.91	0.93	6.13
	91.40	92.70	1.30	3.54
CGD008	6.20	16.05	9.85	5.00
	16.55	18.55	2.00	3.50

SGS Geosol's graphitic carbon assay methods and equipment include the LECO carbon-sulphur analyzer and high temperature combustion infrared detection. During this procedure, the carbon in the sample is converted to carbon dioxide CO2, which is then measured by infrared (IR) detectors.

Once the drilling is complete and all drillholes are assayed, the Company intends to process the obtained data in order to generate a Maiden Mineral Resource Estimate in accordance with the requirements of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") for the Capim Grosso asset, which will be combined with pilot metallurgical testing data and other relevant information in order to generate a Feasibility Study (FS) and fast track the project development.

The tables below present all Total Graphitic Carbon (TGC) (%) assay results obtained so far from the Capim Grosso Property

Table 3: Graphitic carbon assays from the 42 trenches completed on the Capim Grosso Project in Brazil (14 trenches did not intersect graphite). Trenches were sampled according to visual grade estimation in two meter increments in horizontal continuous sections on the pit walls. Where visual grade was regarded as continuous, sampling was completed up to a maximum of 6 m increments. No internal QA/QC was performed by Gratomic, but SGS inserted their own CRMs, which assayed within 90 % of the expected graphitic carbon value of the CRM. The QP therefore accepts the values of the laboratory assays. While the trenches were excavated as close to perpendicular on strike of local litholgies, the dip of each trench cannot be perpendicular on a lithological dip.

TRENCH #	FROM (m)	TO (m)	INTERVAL (m)	SAMPLE #	TGC (%)
CGT001	20	22	2	X6201	21.65
	26	28	2	X6202	19.14
CGT002	8	10	2	X6203	27.3
	16	18	2	X6204	20.37
	23	24	1	X6206	41.79
	27	28	1	X6207	7.94
CGT004	14	15	1	X6209	16.2
	30	31	1	X6210	3.89
CGT005	35	36	1	X6213	11.39
CGT006	15	16	1	X6215	0.57
	16	18	2	X6216	4.58
	18	20	2	X6217	8.34
	20	22	2	X6218	14.04
	32	34	2	X6222	11.74
	34	36	2	X6223	9.32
	36	38	2	X6224	<0,05
	16	22	6	X6225	8.45
	32	36	4	X6226	6.4
CGT007	0	2	2	X6227	6.66
	2	4	2	X6228	13.33
	4	6	2	X6229	25.04
	14	16	2	X6230	7.47
	16	18	2	X6231	11.18
	18	20	2	X6232	7.6
	20	22	2	X6233	9.62
CGT008	23	24	1	X6234	15.45
CGT009	3	5	2	X6235	14.29
	18	20	2	X6238	9.13
CGT010	20	22	2	X6239	5.57
	22	24	2	X6240	7.11
CGT011	4	6	2	X6243	17.15
	33	34	1	X6244	18.57
	47	49	2	X6245	14.27
CGT012	38	40	2	X6247	15.64
	40	42	2	X6248	14.27
	49	50	1	X6249	25.08
	57	59	2	X6251	19.91
CGT015	10	12	2	X6252	32.63
	12	14	2	X6253	31.89
	18	19	1	X6255	12.39
CGT018	12	14	2	X6258	12.39
	14	16	2	X6259	16.39
	16	18	2	X6260	19.43
CGT019	19	21	2	X6261	29.95
CGT021	15.37	16.57	1.2	89681	7.02
CGT022	17.2	18.4	1.2	89682	11.38
CGT023	2.1	3.5	1.4	89683	2.16
CGT027	49	51.2	2.2	89688	7.45
	79.4	81.4	2	89687	13.46
	81.4	82.9	1.5	89686	6.14
	85.9	87.9	2	89685	3.29
	87.9	88.9	1	89684	14.22
CGT029	91.7	93.7	2	89689	30.12
	93.7	95	1.3	89690	25.91
	97.55	98.55	1	89691	6.03
	114.55	116.55	2	89692	32.89
	116.55	118.95	2.4	89693	3.78
CGT030	25.2	31.9	6.7	89694	5.68
CGT031	26.5	28.5	2	89695	18.57
CGT032	40.05	42.05	2	89696	2.93
	42.05	44.05	2	89697	3.53
	44.05	46.05	2	89698	3.77
	46.05	48.05	2	89699	2.23
	48.05	48.9	0.85	89700	1.63
	58.1	59.1	1	89608	2.24
	67.8	68.7	0.9	89609	2.61
	82.5	84.5	2	89610	5.89
	84.5	85.6	1.1	89611	2.38
CGT033	26	26.8	0.8	89612	4.01
	28.75	30.75	2	89613	2.96
	30.75	32.75	2	89614	3.25
	32.75	34.75	2	89615	4.55
	34.75	36.45	1.7	89616	8.51
	50.15	52.15	2	89617	1.53
	52.15	54.15	2	89618	1.78
	54.15	56.5	2.35	89619	1.76
	74.6	75.9	1.3	89620	4.77
CGT034	16.55	17.95	1.4	89621	10.32
CGT035	19.4	19.8	0.4	89622	2.82
	30.3	30.8	0.5	89623	3.25
	31.6	32.1	0.5	89624	2.48
	34.2	36.2	2	89625	7.41
	37.85	40	2	89626	8.35
	39.85	41.85	2	89627	22.61
	41.85	43.85	2	89628	2.3
	43.85	45.85	2	89629	2.13
	45.85	47.85	2	89630	8.76
	47.85	49.05	1.2	89631	7.81
	56.8	57.4	0.6	89632	6.8
CGT036	40.05	41.2	1.15	89633	1.4
	46.4	47	0.6	89634	6.95
	52.8	54.8	2	89635	6.72
	67.8	69.8	2	89636	9.9
	69.8	71.6	1.8	89637	4.24
	73.1	75.1	2	89638	3.43
	75.1	77.1	2	89639	5.65
	77.1	79.5	2.4	89640	2.92
	87.9	89.2	1.3	89641	9.78
CGT040	41.3	43.3	2	89642	13.63
	43.3	44.6	1.3	89643	10.5
CGT042	22.6	24.6	2	89644	9.65
	24.6	27	2.4	89645	19.73

Table 4: Graphitic carbon assays from 8 of the 15 drillholes completed to date on the Capim Grosso Project in Brazil (all drillholes to date have intersected graphite). Drillcore was halved and samples taken according to visual grade estimation in one meter increments. Where visual grade was regarded as continuous, sampling was completed up to a maximum of 2 m increments. 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.

HOLE	FROM (m)	TO (m)	INTERVAL (m)	SAMPLE #	TGC (%)
CGD001	14.45	15.9	1.45	X6701	2.55
	20.74	21.7	0.96	X6702	3.68
	21.7	22.7	1	X6703	11.58
	22.7	23.7	1	X6704	7.23
	23.7	24.9	1.2	X6705	26
	24.9	25.8	0.9	X6706	21.76
	25.8	27.05	1.25	X6707	17.65
	27.05	28.65	1.6	X6708	23.61
	28.65	29.65	1	X6709	3.28
	29.65	30.65	1	X6710	4.33
	30.65	31.9	1.25	X6711	4.8
	37.37	38.55	1.18	X6712	10.11
	39.6	40.47	0.87	X6713	3.33
	40.84	41.32	0.48	X6714	3.08
CGD002	113.76	113.86	0.1	X6716	4.5
	114.35	114.45	0.1	X6717	5.92
	130.25	130.69	0.44	X6719	8.42
CGD003	71.93	72.33	0.4	X6719	4.41
	72.33	73.53	1.2	X6720	7.49
	74.8	75.4	0.6	X6721	8.24
	79.85	80.2	0.35	X6722	8.86
	80.2	81.83	1.63	X6723	2
CGD004	26.26	27.45	1.19	X6724	3.11
	59.24	59.43	0.19	X6725	2.66
	62.77	62.82	0.05	X6726	37.9
	63.95	64.15	0.2	X6727	2.66
	64.15	65.01	0.86	X6728	4.02
CGD005	38.07	38.64	0.57	X6729	13.54
	38.64	39.64	1	X6730	0.38
	39.64	40	0.36	X6731	0.16
	40	40.98	0.98	X6732	4.37
	40.98	41.58	0.6	X6733	22.16
	47.23	47.53	0.3	X6734	2.61
	47.53	48.65	1.12	X6735	10.15
	49.62	50.95	1.33	X6736	1.05
	79.24	79.56	0.32	X6738	9.13
CGD006	67.6	69.35	1.75	X6739	3.47
	70.45	70.8	0.35	X6740	0.45
	72.55	73.38	0.83	X6741	3.91
	73.38	75.39	2.01	X6742	0.69
	77.23	78.23	1	X6743	3.62
	78.23	78.75	0.52	X6744	6.42
	78.75	79.95	1.2	X6745	6.99
	79.95	81.11	1.16	X6746	11.56
CGD007	16.4	17.76	1.36	X6747	3.84
	23.25	24.7	1.45	X6748	10.89
	45.07	45.37	0.3	X6749	1.94
	50.25	51.25	1	X6750	3.94
	51.25	52.25	1	X6751	3.78
	52.25	53.25	1	X6752	4.08
	53.25	54.25	1	X6753	5.09
	54.25	55.25	1	X6754	4.34
	55.25	56.25	1	X6755	2.47
	56.25	56.8	0.55	X6756	0.15
	56.8	58.05	1.25	X6758	5.2
	58.05	58.68	0.63	X6759	5.83
	64.98	65.91	0.93	X6760	6.13
	91.4	92.7	1.3	X6761	3.54
CGD008	6.2	7.2	1	X6762	4.33
	7.2	8.2	1	X6763	1.62
	8.2	9.2	1	X6764	3.66
	9.2	10.2	1	X6765	7.59
	10.2	11.2	1	X6766	8.61
	11.2	12.2	1	X6767	10.77
	12.2	13.2	1	X6768	2.9
	13.2	14.2	1	X6769	2.85
	14.2	15.2	1	X6770	2.47
	15.2	16.05	0.85	X6771	5.22
	16.55	18.55	2	X6772	3.5
	20.55	21.75	1.2	X6773	2.16
	21.75	22.75	1	X6774	0.89
	29.35	29.95	0.6	X6775	1.3

Qualified Persons

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.

About Gratomic

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 (Electric Vehicle) 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 (Atomic Layer Deposition) 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:

Arno Brand at abrand@gratomic.ca or (416) 561- 4095

Subscribe at gratomic.ca/contact/ to be added to our email list.

For Marketing and Media information, please email: info@gratomic.ca

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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.

View source version on accesswire.com:
https://www.accesswire.com/699582/Gratomic-Provides-Drilling-Update-on-Capim-Grosso-Graphite-Project

FAQ

What is the current status of Gratomic's drilling campaign at Capim Grosso?

Gratomic has completed 1,734.30 meters of a planned 5,000-meter drilling campaign, with 15 diamond drillholes finished.

What are the Total Graphitic Carbon results from the latest assays at the Capim Grosso project?

The first batch of assays has shown significant intervals of Total Graphitic Carbon (TGC) across several drillholes.

When does Gratomic plan to release the Maiden Mineral Resource Estimate for Capim Grosso?

Gratomic intends to generate a Maiden Mineral Resource Estimate after completing all drilling and assays, in accordance with NI 43-101 standards.

How many drillholes have been completed at the Capim Grosso project?

A total of 15 diamond drillholes have been completed to date at the Capim Grosso project.

What is the role of SGS Geosol in Gratomic's drilling project?

SGS Geosol is responsible for conducting the graphitic carbon assays for the samples obtained from the drilling at Capim Grosso.