TSX-V: GRAT
TORONTO, Feb. 5, 2019 /CNW/ - Gratomic Inc.
("Gratomic" or the "Company") (TSX-V: GRAT)
(CB81–FRANKFURT) a vertically integrated graphite to
graphenes, advanced materials development company announces the
submission of two additional Exclusive Prospecting License ("EPL")
applications along the strike from its Aukam Graphite mine in
Namibia.
Aukam graphite is situated in brittle ductile synthetic shear
zones exhibiting Riedel shearing. The host rocks consist of
granites and gneiss. The synthetic shear zone consists of a strike
at 240° to 260° with a sub-vertical dip. Riedel shears observed
within the interpreted extensional regime strike at 305° to 320°
and provide a conduit for graphite to precipitate within the
existing fault structures. Graphite appears to precipitate in jog
structures and irregular veins due to an increase of pressure. The
shear zone, with its host rock, is expected to continue in the new
EPL applications with graphite mineralization propagating from the
East and terminating in the West.
The Company is putting together a reconnaissance mapping and
sampling program to study its graphite bearing ability of the shear
along the strike.
Gratomic's CO-CEO Arno Brand
stated, "Through applying for additional ground, Gratomic will be
able to explore the extent of the shear zone along the strike.
Having followed the shear zone hosting the graphite to the end of
available outcrop, our expectation is that it continues along
strike below the aeolian sand cover."
Qualified Persons
The technical content of this News Release was reviewed and
approved by Steven Gray, P. Geo., a
"Qualified Person" as defined by National Instrument 43-101 -
Standards of Disclosure for Mineral Projects.
About Gratomic Inc.
Gratomic is an advanced materials company focused on mine to market
commercialization of graphite products most notably high value
graphene based components for a range of mass market products. We
are collaborating with a leading European manufacturer of graphenes
to use Aukam graphite to manufacture graphene products for
commercialization on an industrial scale. The company is listed on
the TSX Venture Exchange under the symbol GRAT.
"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