Graphano Energy Completes Ground Geophysics, Identifies Three New Graphite Occurrences at Black Jack and Mobilizes Field Crew
The new occurrences extend exploration work between Black Jack and Black Pearl, while Black Jack channel-sample assays remain pending.
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Rhea-AI Summary
Graphano Energy (GELEF) completed ground geophysical work at Black Jack in Québec and identified three new graphite occurrences nearby. The Black 3, 4 and 5 occurrences lie between Black Jack and Black Pearl. October surveys covered 9.85 line-kilometres, and compiled results support a 4-kilometre conductive trend hosting multiple graphite occurrences.
A crew led by St Pierre Exploration is scheduled to return within the next two weeks for stripping, mapping and channel sampling of the new zones. At Black Jack, stripping outlined mineralization approximately 125 metres long, with surface widths of 4 to 24 metres. Assays remain pending for 98 channel samples submitted on September 30, 2026.
Positive
- Minor pointThree new graphite occurrences, Black 3, 4 and 5, were identified between Black Jack and Black Pearl.
- Minor pointCompiled results support a 4-kilometre conductive trend hosting multiple graphite occurrences.
- Minor point9.85 line-kilometres of ground electromagnetic surveys were completed during October to guide further exploration.
- Minor pointBlack Jack stripping outlined mineralization approximately 125 metres long, with surface widths of 4 to 24 metres.
- Minor point. Forward-looking: it has not happened yet and may not happen.Fieldwork is planned within two weeks to strip, map and channel-sample the new graphite zones.
3 minor points
- Minor point28 spring 2026 Black Jack grab samples returned 12.0%–26.5% graphitic carbon, averaging 19.8%.
- Minor pointBlack Pearl surface channel sampling returned 14 metres grading 15.1% graphitic carbon.
- Minor point2025 Black Pearl drilling included 12.25 metres grading 4.81% and 8.61 metres grading 11.33% graphitic carbon.
Negative
- Minor point98 channel-sample assays remain pending following submission for laboratory analysis on September 30, 2026.
- Minor pointGrab samples are selective and are not necessarily representative of the mineralized zone’s average grade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - November 3, 2026) - Graphano Energy Ltd. (TSXV: GEL) (FSE: 97G0) ("Graphano" or the "Company") is pleased to announce the completion of the ground geophysical phase of its exploration program at the Black Jack graphite discovery, located approximately one kilometre northwest of the Company's Black Pearl graphite discovery in Québec. During the field program, three new graphite occurrences (Black 3, 4 and 5) were identified between the Black Jack and Black Pearl graphite discoveries. Compilation of results to date supports a 4-kilometre-long conductive trend hosting multiple graphite occurrences.
A field crew led by St Pierre Exploration will be mobilized back to the project to carry out stripping, mapping and channel sampling of the new graphite zones within the next two weeks.
Black Jack was identified during the Company's spring 2026 prospecting program. As previously reported on June 4, 2026, 28 grab samples collected from the exposed graphite-bearing horizon at Black Jack returned graphitic carbon values ranging from
Luisa Moreno, Chief Executive Office of the Company, stated: "The ongoing positive results from the Black Pearl - Black Jack area highlight the district-scale potential of this previously unexplored area. The continued discovery of new graphite occurrences in geological units similar to those hosting major graphite deposits in the Lac des Iles region confirms this trend's strong potential. We look forward to receiving the pending channel sample assays from Black Jack and to advancing these new zones in the upcoming field program."
Black Jack Exploration Update
Assay results are currently still pending for the 98 channel samples submitted for laboratory analysis on September 30th, 2026 from the Company's prospecting and stripping program at the Black Jack graphite discovery. Stripping defined graphite mineralization over a length of approximately 125 metres with surface widths ranging from 4 to 24 metres. Further details, along with the assay results, will be released once the data has been received and reviewed.
During October, St Pierre Exploration completed a total of 9.85 line-kilometres of ground electromagnetic ("EM") surveys consisting of horizontal loop electromagnetic ("Max-Min II") and very low frequency electromagnetic ("VLF-EM") surveys to guide further prospecting and to evaluate the extent of the graphite mineralization. During this program, three new surface occurrences of visible graphite mineralization (Black 3, 4, and 5) were identified between the Black Jack and Black Pearl discoveries. Compilation of results to date supports a 4-kilometre-long conductive trend hosting the various graphite occurrences (Figure 1).
Figure 1: Compilation of Black Jack - Black Pearl Graphite Trend
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8293/322212_a0505d7a24bdb990_002full.jpg
Qualified Person
The scientific and technical content disclosed in this news release has been reviewed and approved by Roger Dahn, B.Sc., P.Geo., a director of the Company and a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Dahn is not independent of the Company.
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. Graphite is one of the most in-demand technology minerals that is required for a green and sustainable world. The Company's Lac Aux Bouleaux property, situated adjacent to Canada's only producing graphite mine, in Québec, Canada, has historically been an active area for natural graphite. With the demand for graphite growing in some of the most prominent and cutting-edge industries, such as lithium batteries in electric cars and other energy storage technologies, the Company is developing its project to meet the demands of the future.
ON BEHALF OF THE BOARD OF DIRECTORS
Luisa Moreno
Chief Executive Officer and Director
E: info@graphano.com
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.
Cautionary Note Regarding Forward-Looking Statements:
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, the interpretation and significance of the ground geophysical survey results, the potential continuity, extent, width and scale of graphite mineralization along the identified 4-kilometre conductive trend, the potential for additional graphite discoveries, planned stripping, mapping and channel sampling programs, the timing and results of pending assay analyses, and the Company's future exploration activities and plans to further advance its projects. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Graphano, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. These risks, as well as others, are disclosed within the Company's filing on SEDAR+ at www.sedarplus.ca, the Canadian Securities Administrators' national system that all market participants use for filings and disclosure, which investors are encouraged to review prior to any transaction involving the securities of the Company. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Graphano does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.
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FAQ
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What did Graphano Energy find in its Black Jack exploration program?
Graphano identified three new surface graphite occurrences, named Black 3, 4 and 5, between Black Jack and Black Pearl. Compiled results support a 4-kilometre conductive trend hosting multiple graphite occurrences.
What exploration work is next at Graphano Energy’s new graphite zones?
A field crew led by St Pierre Exploration is scheduled to return within the next two weeks to conduct stripping, mapping and channel sampling of the new zones. Black Jack assays remain pending for 98 channel samples submitted on September 30, 2026.
What grades did Graphano Energy previously report at Black Jack and Black Pearl?
Black Jack’s 28 spring 2026 grab samples returned graphitic carbon values of 12.0% to 26.5%, averaging 19.8%; these selective samples are not necessarily representative of average zone grade. Black Pearl surface channel sampling returned 14 metres grading 15.1%, while 2025 drilling included 12.25 metres grading 4.81% and 8.61 metres grading 11.33% graphitic carbon.