Gratomic Inc. (TSX-V:GRAT, OTCQX:CBULF) has revealed an update to its 5,000-metre (m) drill program at the Capim Grosso graphite project in Brazil.
The Toronto-based company said it had drilled an additional 130.2m for a total of 2,178m completed to date.
So far, Gratomic has sunk 18 diamond drill holes at the property, with another two holes currently in progress.
READ: Gratomic rapidly completes 2,047.5 meters of drilling on its Capim Grosso graphite project in Brazil
The company also provided results from two holes at Capim Grosso. Highlights from the hole 12 interval include 4.91m at 8.27% total graphitic carbon (TGC) from 55.15m to 60.06m.
Hole 13 returned 5m at 9.25% TGC from 72.41m to 77.41m.
Once the drilling is complete and all drillholes are assayed, Gratomic said it intends to process the obtained data in order to generate a maiden mineral resource estimate 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 and fast track the project development.
Gratomic has projects in Namibia, Brazil, and Canada, and is focused on becoming a leading global graphite supplier. It aims to secure a strong position in the electric vehicle battery supply chain.
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