Agoracom Blog

Uranium North Discovers Significant Graphite on Amer Property and Stakes New Ground

Posted by AGORACOM-JC at 10:51 AM on Wednesday, May 16th, 2012

VANCOUVER, BRITISH COLUMBIA–(May 16, 2012) - Uranium North Resource Corp. (“Uranium North” or the “Company”) (TSX VENTURE:UNR) announces that it has identified significant amounts of graphite on its 100% owned Amer Lake Property in Nunavut. Multiple graphite bearing beds ranging from 15 to 25 metres thick have yielded up to 4.13% graphite.

Graphitic beds have been intersected by two reverse circulation drill holes 3.1 kilometres apart as well as a core hole drilled 15 kilometres to the east. The same graphitic units have been identified in three surface outcrop exposures spanning an area of 22 x 10 kilometres.

The graphitic rocks are flat lying and occur in a basin scale stratigraphic unit that is a minimum of 60 metres thick and is expected to extend over a 26 x 8 kilometre area based on geological mapping.

“We are quite excited by the fact that the graphite at Amer occurs in thick extensive beds, not small thin veins. The thickness, grade and lateral extent of these graphite beds clearly represents a large scale deposit target for the company and depending on the nature of the graphite; this is a very significant discovery. With the future outlook of graphite and uranium, the Amer Lake property is highly valuable,” says Mark Kolebaba, President and CEO of Uranium North Resources.

Six test samples were randomly selected from two reverse circulation drill holes 3.1 kilometres apart and submitted for analysis to determine the graphitic carbon (Cg) content. The results from the analysis are shown in the table below.

Sample (Cg) %
54268 4.13
54271 3.2
54272 3.84
89474 0.6
89477 3.22
89482 3.77

Analysis method is Infrared

Samples have been submitted for mineral liberation analysis (MLA) to determine the nature and particle size of the graphite.

Graphite beds that outcrop at surface along the paleo-basin margins should be mapped in detail and sampled systematically. A 2000 to 3000 metre drill program with drill hole spacing at 500 to 1000 metres is required to test the grade, thickness and lateral extent of the graphite units across the basin.

Graphite at Amer Lake was recognized during the company’s uranium exploration program. The presence of graphite was investigated as a reducing environment favorable for uranium precipitation. This new graphite discovery increases the attractiveness of the Amer property where we have an existing uranium resource with potential to expand. Since the discovery of graphite on Amer, the company has staked additional claims over areas with known outcropping graphitic rocks.

The project is 70 kilometres from an all season road to Baker Lake and sea access.

Bruce Kienlen, P.Geol, and Graham Gill, P.Geo, are Qualified Persons as defined by National Instrument 43-101 reviewing the data in this news release.

On behalf of Uranium North Resources

Mark Kolebaba, President and CEO

Forward-Looking Information

This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address exploration drilling, activities and events or developments that Uranium North Resources Corp. (the “Company”) expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

“Neither the 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.”

Contact Information

 

Uranium North Resource Corp.
Heather Kays
Corporate Communication
604-484-7120
604-484-7143 (FAX)
info@uraniumnorth.com
www.uraniumnorth.com

Source: http://www.marketwire.com/press-release/uranium-north-discovers-significant-graphite-on-amer-property-and-stakes-new-ground-tsx-venture-unr-1658046.htm

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Lomiko CEO Paul Gill on Quebec graphite acquisition

Posted by AGORACOM-JC at 2:18 PM on Tuesday, May 15th, 2012

Lomiko Metals Inc TSXV:LMR announced a letter of agreement to acquire a 100% interest in the Quatre Milles West Property in south Quebec. Under the agreement, Lomiko pays three vendors a total of $3,000 and issues 1.8 million shares. The vendors retain a 2% NSR, half of which Lomiko may buy for $1 million.

The 2,180-hectare property covers the western extension of the geology that hosts the graphite-bearing structures shown in historic drilling at the company’s Quatre Milles Property. The combined property now covers two claim blocks, one eight kilometres by seven kilometres, and the other seven kilometres by five kilometres, bringing the expanded Quatre Milles Property from approximately 1,600 hectares to 3,780 hectares.

Lomiko plans an exploration program for the Quatre Milles Property including mapping, prospecting and drilling to test and confirm historic high-grade graphite intersected previously by Graphicor Resources in a 26-hole, 1,625-metre drill program.

Given the price tag—there’s no major cash outlay and the shares over time are very reasonable—we’ve basically doubled our potential here with a similar geological setting—Paul Gill

CEO Paul Gill tells ResourceClips.com, “The geologist we’re working with, Jean-Sébastien Lavallée, identified this property a little while ago and brought it to our attention. He’s part of a group that includes Zimtu Capital TSXV:ZC and the vendor of the original Quatre Milles Property, Michel Robert. Given the price tag—there’s no major cash outlay and the shares over time are very reasonable—we’ve basically doubled our potential here with a similar geological setting. It’s perfect for us. The EM conductor over similar geology at the original Quatre Milles Property has good results, so we anticipate good results from the new property. So, after we issue 1.8 million shares and pay $3,000, we’ll own that property 100%, subject to a 2% NSR.”

Lomiko has a $307,000, 16-hole drill program scheduled for its original Quatre Milles Property.

“We’ll be working the first property, so we’ll have our crew do some initial work on the new property and identify targets there too,” Gill says. “Probably the first thing to do there is an EM survey. The crew will be on the original property very shortly, and drilling could start in June.”

The company also has the 5,407-hectare Vines Lake Property in north BC, adjacent to China Minerals Mining’s TSXV:CMV Table Mountain Project.

“China Minerals is doing $3 million of work on their property,” Gill points out. “We’re going to do some work up there too. We’ve had good results, and I’m about to put a new PowerPoint presentation on our website with the zinc, gold and silver finds at Vines Lake. It’s very interesting that there’s an electromagnetic anomaly in the very far northeast of our property, which is nearest to the Table Mountain Mine. There’s actually a hole that occurs in the rock based on the electromagnetics. That’s the area where we had intensive gold and silver finds, so that’s very good news because it looks like there’s a faulting or some sort of system that pushed up through those rocks. So we want to explore that. We want to look at the large zinc anomaly as well for outcrops.”

Gill concludes, “We’re excited about the upcoming drill program at Quatre Milles, and we’re at the point where we can add a lot of value to the company based on the results.”

View Company Profile

Contact:
A. Paul Gill
CEO
604.729.5312

Read a feature story about Lomiko Metals.

Disclaimer: Lomiko Metals Inc is a client of OnPage Media, and the principals of OnPage Media may hold shares in Lomiko.

Source: http://resourceclips.com/2012/05/15/lomiko-ceo-paul-gill-on-quebec-graphite-acquisition/

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Continental Enters Into Partnership For Indonesian CBM

Posted by AGORACOM-JC at 9:33 AM on Tuesday, May 15th, 2012

Continental Enters Into Partnership For Indonesian CBM

Continental Energy Corporation (OTCBB: CPPXF) an emerging international energy company, today announced that it has entered into a Joint Study and Bid Group agreement with CBM Asia Development Corp.

CBM Asia (TSX.V:TCF) (www.cbmasia.com ), a Canadian-listed coalbed methane (“CBM”) company focused solely on the Indonesian CBM industry and with interests in four CBM production sharing contracts (“PSC”) is pursuing new CBM opportunities in Indonesia. Under the agreement, Continental and CBM Asia will jointly and exclusively study selected areas in Indonesia with the objective of identifying geologically justified candidate areas to be jointly pursued as targets of opportunity for direct acquisition of CBM PSCs offered by the Indonesian government through public tenders or through direct proposal tenders conducted under joint study arrangements.

Successful CBM PSC acquisitions shall be shared by Continental and CBM Asia under a pre-agreed joint operating agreement (“JOA”) format in the participating interest proportions 75% CBM Asia and 25% Continental. CBM Asia shall act as operator under the JOA and any CBM PSC and shall pay 100% of the JOA’s CBM PSC general and administrative costs. All CBM PSC acquisition costs and other JOA exploration and drilling costs shall be borne by the parties in proportion to their respective JOA participating interests.

According to MIGAS, the oil and gas division of Indonesia’s Ministry of Energy, gas production from CBM is expected to contribute to the country’s efforts in boosting its declining gas output. Indonesia has the world’s second largest CBM reserves after China, with total potential reserves of 453 trillion cubic feet, twice that of its estimated conventional natural gas resources. In order to promote CBM development, the Indonesian Government has prepared some new incentives and streamlined CBM working area applications. Foremost among these incentives is a favorable production sharing split for the contractor of 45% for CBM gas as opposed to the 30% conventional PSC operators receive for gas. A tax holiday incentive is also being considered for CBM gas.

What is coalbed Methane? *source
The primary energy source of natural gas is a substance called methane (CH4). Coal bed methane (CBM) is simply methane found in coal seams. It is produced by non-traditional means, and therefore, while it is sold and used the same as traditional natural gas, its production is very different. CBM is generated either from a biological process as a result of microbial action or from a thermal process as a result of increasing heat with depth of the coal. Often a coal seam is saturated with water, with methane is held in the coal by water pressure. Currently, natural gas from coal beds accounts for approximately 7% of total natural gas production in the United States.

IR Hub / Corporate Profile / Discussion Forum

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ChinaSecurities.com Small-Cap Company Feature: Nutrastar International Inc

Posted by AGORACOM Admin at 9:30 AM on Tuesday, May 15th, 2012

As many of you know, we are very bullish on the long-term future of Chinese small cap and mid cap companies for two reasons:

1] The obvious reason – China is the fastest growing economy on the planet and nothing is going to slow down its ascent over the next 50 years and beyond. Investing in growth companies there just makes too much sense.

2] Great Results and Valuations - Despite some real problems in the Chinese small-cap space, we continue to believe that too many companies have suffered from “babies being thrown out with the bathwater” syndrome.  Investors have to remain patient and wait for the smoke to clear – but when it does we see a great opportunity to profit from the real companies that have been left standing.  As such, we’re going to continue reporting and remaining patient.

TODAY’S FEATURED COMPANY

Nutrastar International Inc. (OTCBB: NUIN)

Nutrastar is a China based leading producer and supplier of premium branded consumer products including commercially cultivated Cordyceps Militaris, functional health beverages as well as specialty and organic foods. Cordyceps Militaris is one of the most highly regarded herbal nutrients in Traditional Chinese Medicine. The Company is headquartered in Harbin, capital of Heilongjiang Province, with 332 employees, including 21 in R&D, and 149 in sales and marketing. The products of Nutrastar are sold throughout China via a sales and distribution network that covers more than 10 provinces.

On May 15th 2012 the company announced its financial results for the quarter ended March 31, 2012.

Financial Highlights for the Quarter Ended March 31, 2012

  • Net revenue increased 18.4% to $6.86 million, as compared to $5.80 million in the quarter ended March 31, 2011.
  • Gross profit increased 14.8% to $5.08 million, up from $4.43 million in the comparable 2011 quarter, representing a gross margin of 74.1%.
  • Net income was $2.95 million, as compared to $3.01 million in Q1 2011.
  • Basic and diluted EPS were $0.19 and $0.18, respectively, with 15.36 million basic shares and 16.51 million diluted shares outstanding.

Source: PR Newswire (http://s.tt/1bRgg)

YOUR RESEARCH STARTING POINTS FOR CHINESE SMALL CAP AND MID CAP COMPANIES

We’ve provided investors with two great starting points to research great Chinese small cap and mid cap companies.

1. ChinaSecurities.com – ChinaSecurities.com tracks 250 of the best small cap and mid cap companies trading on North American exchanges. It provides you with the best of the best in two ways. First, the front page lists the best news of the day coming out of the space. It does so by giving you a text view of the best press releases by industry and via Chinese Stocks TV, a 5-minute broadcast every morning just after the open. Chinese Stocks TV is archived, so you can catch up on shows you missed.

Second, if you want to research each of the 250 companies to find candidates for your portfolio, it has a very intuitive directory that lets you quickly review each company on the master list, or parse it out by industry and exchange if you have a particular sector of interest. Cool stuff.

2. Right here on AGORACOM, you can refer to our China category for other featured Chinese Small-Cap Companies. As always, we will disclose any IR relationship with any public company. Given the sheer number of great Chinese Small-Cap Companies out there, you can expect us NOT to have an IR relationship with most of these companies.

Regards,
George

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ChinaSecurities.com Small-Cap Company Feature: China Modern Agricultural Information Inc.

Posted by AGORACOM Admin at 9:30 AM on Tuesday, May 15th, 2012

As many of you know, we are very bullish on the long-term future of Chinese small cap and mid cap companies for two reasons:

1] The obvious reason – China is the fastest growing economy on the planet and nothing is going to slow down its ascent over the next 50 years and beyond. Investing in growth companies there just makes too much sense.

2] Great Results and Valuations - Despite some real problems in the Chinese small-cap space, we continue to believe that too many companies have suffered from “babies being thrown out with the bathwater” syndrome.  Investors have to remain patient and wait for the smoke to clear – but when it does we see a great opportunity to profit from the real companies that have been left standing.  As such, we’re going to continue reporting and remaining patient.

TODAY’S FEATURED COMPANY

China Modern Agricultural Information Inc.

China Modern Agricultural Information, Inc., through its subsidiaries, operates as a livestock company that principally engages in the breeding of cows and calves principally in China. It also involves in the production and sale of milk, the sale of organic fertilizers, and the promotion of agricultural information. The company is based in Harbin, China.

On May 15th 2012 the company announced the financial results for the 2012 fiscal third quarter and first nine months ended March 31st, 2012.

----------------------------------------------------------------------------
        2012 Fiscal Third Quarter (USD) (unaudited)
        ----------------------------------------------------------------------------
        Three Months End March 31,         2012             2011          CHANGE
        ----------------------------------------------------------------------------
          Revenue                      $9.4 million     $6.8 million        38%
        ----------------------------------------------------------------------------
          Gross Profit                 $6.0 million     $3.4 million        79%
        ----------------------------------------------------------------------------
          Gross Profit Margin              64%              50%             40%
        ----------------------------------------------------------------------------
          Net Income                   $4.6 million     $2.0 million       133%
        ----------------------------------------------------------------------------
          Basic and diluted EPS*          $0.09            $0.05            80%
        ----------------------------------------------------------------------------
        * Based on 50 million and 41 million shares outstanding for 2012 and 2011
         fiscal third quarter, respectively.
        ----------------------------------------------------------------------------
        ----------------------------------------------------------------------------
        2012 Fiscal First Nine Months (USD) (unaudited)
        ----------------------------------------------------------------------------
        Nine Months End March 31,          2012             2011          CHANGE
        ----------------------------------------------------------------------------
        Revenue                       $19.5 million    $17.2 million        13%
        ----------------------------------------------------------------------------
           Gross Profit               $13.0 million     $8.5 million        52%
        ----------------------------------------------------------------------------
           Gross Profit Margin             67%              50%             34%
        ----------------------------------------------------------------------------
           Net Income                 $14.0 million     $5.7 million       149%
        ----------------------------------------------------------------------------
           Basic and diluted EPS*         $0.31            $0.14           121%
        ----------------------------------------------------------------------------
        * Based on 45 million and 40 million shares outstanding for 2012 and 2011
         fiscal first nine months, respectively.
        ----------------------------------------------------------------------------

Read the Full Press Release

YOUR RESEARCH STARTING POINTS FOR CHINESE SMALL CAP AND MID CAP COMPANIES

We’ve provided investors with two great starting points to research great Chinese small cap and mid cap companies.

1. ChinaSecurities.com – ChinaSecurities.com tracks 250 of the best small cap and mid cap companies trading on North American exchanges. It provides you with the best of the best in two ways. First, the front page lists the best news of the day coming out of the space. It does so by giving you a text view of the best press releases by industry and via Chinese Stocks TV, a 5-minute broadcast every morning just after the open. Chinese Stocks TV is archived, so you can catch up on shows you missed.

Second, if you want to research each of the 250 companies to find candidates for your portfolio, it has a very intuitive directory that lets you quickly review each company on the master list, or parse it out by industry and exchange if you have a particular sector of interest. Cool stuff.

2. Right here on AGORACOM, you can refer to our China category for other featured Chinese Small-Cap Companies. As always, we will disclose any IR relationship with any public company. Given the sheer number of great Chinese Small-Cap Companies out there, you can expect us NOT to have an IR relationship with most of these companies.

Regards,
George

Posted in China | No Comments »

ChinaSecurities.com Small-Cap Company Feature: Gold Horse International, Inc.

Posted by AGORACOM Admin at 9:30 AM on Tuesday, May 15th, 2012

As many of you know, we are very bullish on the long-term future of Chinese small cap and mid cap companies for two reasons:

1] The obvious reason – China is the fastest growing economy on the planet and nothing is going to slow down its ascent over the next 50 years and beyond. Investing in growth companies there just makes too much sense.

2] Great Results and Valuations - Despite some real problems in the Chinese small-cap space, we continue to believe that too many companies have suffered from “babies being thrown out with the bathwater” syndrome.  Investors have to remain patient and wait for the smoke to clear – but when it does we see a great opportunity to profit from the real companies that have been left standing.  As such, we’re going to continue reporting and remaining patient.

TODAY’S FEATURED COMPANY

Gold Horse International, Inc.

Ghii

Gold Horse International, Inc., through its wholly owned subsidiaries, Gold Horse International, Inc. (Nevada) and Global Rise International Ltd., controls and operates its variable interest entities Inner Mongolia Jin Ma Construction Co., Ltd., Inner Mongolia Jin Ma Hotel Co., Ltd., and Inner Mongolia Jin Ma Real Estate Development Co., Ltd., all based in Hohhot, the regional capital of Inner Mongolia Autonomous Region in China. Jin Ma Construction has been providing construction and general contractor services in Hohhot to both private developers and to the local and regional governments since 1980. Jin Ma Hotel owns, operates and manages the Jin Ma Hotel, a full-service, two-star hotel and restaurant/banquet facility located in Hohhot. Jin Ma Real Estate develops residential and commercial properties in Hohhot.

On May 15th 2012 the company announced its financial results for the nine months ended March 31, 2012.

The Third Quarter Fiscal Year 2012 Highlights

  • Net revenue increased 4.0% period-over-period to $37.6 million
  • Gross margin was 15.8% compared to 16.3% in the prior comparable period
  • Gross profit increased 0.4% period-over-period to $5.94 million
  • Income from operations was $4.6 million compared to income from operations of $4.2 million in the prior comparable period
  • Net income decreased 8.8% period-over-period to $3.4 million from $3.7 million
  • Adjusted net income excluding non-cash gains was $3.3 million, or $1.52 per fully diluted common share as compared to adjusted net income of $3.3 million, or $1.63 per fully diluted common share, in the prior comparable period

Results for Nine Months ended March 31, 2012

  • For the nine months ended March 31, 2012, net revenue was $37.6 million, up 4.0% from $36.2 million for the comparable period in fiscal 2011.
  • Gross profit for the nine months ended March 31, 2012 was $5.94 million with $5.92 million gross profit in the comparable 2011 period. Gross margin was 15.8%, down from 16.3% in the prior period.
  • Income from operations for the nine months ended March 31, 2012 was $4.6 million, up from $4.2 million from the comparable period in fiscal 2011. Operating margin for the nine months ended March 31, 2012 was 12.3% as compared to 11.6% in the comparable period in fiscal 2011.
  • The Company recorded net income of $3.4 million for the nine months ended March 31, 2012 as compared to net income of $3.7 million in the comparable period in fiscal 2011. Adjusted net income excluding non-cash gains was $3.3 million or $1.52 per fully diluted common share as compared to adjusted net income of $3.3 million or $1.63 per fully diluted common share for the 2011 period.

Read the Press Release

YOUR RESEARCH STARTING POINTS FOR CHINESE SMALL CAP AND MID CAP COMPANIES

We’ve provided investors with two great starting points to research great Chinese small cap and mid cap companies.

1. ChinaSecurities.com – ChinaSecurities.com tracks 250 of the best small cap and mid cap companies trading on North American exchanges. It provides you with the best of the best in two ways. First, the front page lists the best news of the day coming out of the space. It does so by giving you a text view of the best press releases by industry and via Chinese Stocks TV, a 5-minute broadcast every morning just after the open. Chinese Stocks TV is archived, so you can catch up on shows you missed.

Second, if you want to research each of the 250 companies to find candidates for your portfolio, it has a very intuitive directory that lets you quickly review each company on the master list, or parse it out by industry and exchange if you have a particular sector of interest. Cool stuff.

2. Right here on AGORACOM, you can refer to our China category for other featured Chinese Small-Cap Companies. As always, we will disclose any IR relationship with any public company. Given the sheer number of great Chinese Small-Cap Companies out there, you can expect us NOT to have an IR relationship with most of these companies.

Regards,
George

Posted in China | No Comments »

AGORACOM Small Cap Stock TV – Breaking Small-Cap Stock News at the Open (May 15/12)

Posted by AGORACOM Admin at 9:00 AM on Tuesday, May 15th, 2012

Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s May 15th 2012,  and we’ve found 5 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.

  • Nutrastar International – OTC BB:NUIN $1.80,
  • Gold Horse International – OTC BB:GHII $0.92,
  • China Modern Agricultural Information – OTC BB:CMCI $0.515,
  • SNAP Interactive – OTC BB:STVI $1.81,
  • SilverCrest Mines – TSX-V:SVL $1.87

We’d love to have you watch AGORACOM Small-Cap TV from our homepage every morning – but we know many of you would prefer to watch via your preferred video channel, podcast site, RSS feed, etc.  As such, we’ve made it super easy to keep up with us on a daily basis via the following:

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iTunes selected AGORACOM as a new and notable show, so catch us everyday via iTunes.

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If you prefer to listen to us on the subway or while you drive, subscribe to our podcast RSS feed or view this channel on our industry leading Small-Cap Podcast site.

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Resources show – Catch AGORACOM TV resources edition on Youtube and GlobeInvestor

China Securities Show – Watch our Daily Chinese Small Cap TV Show on China Securities Homepage, and on Youtube

Regards,

AGORACOM

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Logan Copper Acquires Former High Grade Noranda Graphite Property

Posted by AGORACOM-JC at 5:03 PM on Monday, May 14th, 2012

Up to 85 % Graphite drilled

DELTA, BC, May 14, 2012  – Logan Copper Inc. (the “Company”, “Logan Copper”, “LC”), (TSX.V: LC) is pleased to announce the acquisition of a third Graphite property in Quebec.

This new property, the Carheil Graphite Property (Carheil) was acquired through Quebec’s Gestim system. Carheil encompasses approximately 5,400, 100% owned, contiguous acres with no NSR or work commitment attached.

The Carheil property is located approximately 280 km NNW of Val-d’Or, QC and is approximately 120 km north of La Sarre, QC.  Aurizon Mines Ltd.’s producing Casa-Berardi Gold Mine is located approximately 19 km south of LC’s Carheil property.  There is an existing road crossing the property which leads to the BHP Billiton Ltd.’s past-producing Selbaie Zinc Mine which is located approximately 20 km east of LC’s Carheil property.

Mr. Thal S. Poonian, President and CEO of Logan Copper commented “LC believes that the Carheil property has the potential to become its flagship graphite property.  We look forward to verifying the historical results and defining the project potential”.

A percentage (6.67% or 360 acres) of the 5,400 acre Carheil property was formerly explored by Noranda Exploration Co. Ltd. (Noranda).  In August 1975 Noranda completed a geophysical survey covering approximately 300 acres of the Carheil graphite property.

Noranda completed two diamond drill holes in the surveyed area in May of 1978.  The first hole was lost in overburden while the second hole number 2-78 was drilled to a depth of 497 feet.  Historical diamond drill core log report number GM33862 returned results as follows:

 

“157 – 227 feet about 5% graphite
240 – 425 feet 20 – 60% graphite
428 – 453 feet about 85% graphite”

The hole was drilled at dip collar -55o and the core size was AQ.

The historical, non-43-101 compliant, geophysical survey report filed with the Quebec Ministry of Natural Resources, report number GM: 31366, reported the following.

Magnetic Survey

Assessment Data

 

“The instrument used was a McPhar M700 Fluxgate Magnetometer.  Readings were taken at all of the 100′ stations. The usual diurnal and datum adjustments were made and the corrected results were plotted and then contoured.  Som 355 (base, sub-base and line) stations were read in the period August 4-12, 1975 by personnel of Noranda Exploration Co.”

Magnetic Results

 

“The magnetic suggest a formational strike of 125o.   There is one closure inside the 1000 gammae contour.  This extends from about 1550N on Line 16E to about 1500N on Line 20E.”

Horizontal E. M. Survey

Assessment Data

 

“The instrument used was a Geonics EM17 Horizontal Loop.  Readings were taken at all of the 100′ line stations.  Some 245 of these were taken concurrently with the magnetic work by” Noranda’s “crew.”

E.M. Results

“Three conductors were located.  These are: -

 

AA. This intermittent conductor possibly extends across the grid.  It is rather weak in amplitude and the conductivity is only fair.  On Lines 12E and 16E it lies on the north flank of the magnetic closure mentioned above.  The strike is approximately 125o.
BB. This conductor may be traced across the grid.  The amplitude and conductivity are good to excellent especially on Lines 8E, 12E, 16E, 24E, 28E and 32E.  The strike is as above.
CC. This conductor has fair amplitude and conductivity.  The apparent strike of 60o is rather puzzling unless one assumes the conductor is caused by a fault or shear.”

Conclusion

 

“Conductor BB should be drilled on Line 16E.  Sufficient footage should be allowed to cover the suggested conductor width of 150′ and the possible intersection of conductor CC.”

The historical data quoted herein was obtained from government files and other historical data and has not and cannot be verified as it is based on reports obtained and prepared by previous operators. The Company has not completed the work necessary to verify the results and is not treating the results as NI 43-101 defined resources verified by a qualified person. The Company views this historical data as relevant and a significant indication of the projects mineral potential. This property will require considerable further evaluation which the Company intends to carry out in due course.

LC’s technical team, led by Mr. Roger LeBlanc, P. Eng, Geo., will review the available data and commence exploration of the Carheil property as soon as possible.  LC’s goal is to obtain a 43-101 compliant resource estimate for this property.

Roger LeBlanc, P.Eng, is a qualified person pursuant to National Instrument 43-101, and has reviewed and approved the technical disclosure of this news release.

Historical Reserves, Resources, or Results

Any data regarding historical reserves, resources, or results cited herein as historical are not compliant with National Instrument 43-101- Standards of Disclosure for Mineral Projects (“NI 43-101″) nor current unless otherwise specified. They are derived from historical documents and represent that at sometime in the past the then current operators undertook an estimate of the size or metal content of the deposit based on economic factors that existed at that time. If they are included herein, it is for illustrative purposes only and should not be relied upon as factual.

Investors are cautioned that a qualified person has not completed sufficient work and the information has NOT undergone rigorous geological review and QA/QC testing by a Qualified Person as defined in NI 43-101. Neither the Company nor its personnel treat this data as a current mineral resource, reserve, or results as defined under NI 43-101, nor do they rely upon them for evaluation purposes. However, this data is being used as a guide to exploration as the Company develops data to support any potential future mineral resource estimates in accordance with the requirements of NI 43-101.

WE SEEK SAFE HARBOR

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Posted in Graphite | No Comments »

Zenyatta Ventures; 450 Metre Step-Out Drill-Holes Intersect Wide Zones of Graphite Breccia

Posted by AGORACOM-JC at 1:56 PM on Monday, May 14th, 2012

THUNDER BAY, ONTARIO–(May 14, 2012) - Zenyatta Ventures Ltd. (“Zenyatta” or “Company”) (TSX VENTURE:ZEN) is pleased to provide the following update on the current drilling campaign on the Albany Graphite Deposit.

Drill hole #5 (Z12-4F5) was collared 450 metres (‘m’) east of the original discovery drill hole (Z11-4F1) and drilled in a northerly direction. Significantly, upon passing through the overburden/limestone, the hole immediately intersected graphitic breccia which shows the deposit coming to near surface in this area as well. A wide zone (94.0m) of graphitic breccia was intersected from 44.0m to 138.0m followed by a zone of graphitic overprinting from 138.0m to 214.0m. Assays should be received within the next 12-14 business days.

Drill hole #4 (Z12-4F4) was collared from the same setup as hole #5 but drilled in a southerly direction. From 47.0m to 61.8m the drill hole intersected a zone of graphitic veining and breccia followed by graphitic overprinting from 61.8m to 170.0m. At the 170.0m point, the drill encountered mechanical problems related to a detached drill string. The drill string could not be re-attached and the hole was subsequently abandoned. This particular area of the geophysical anomaly will be re-drilled at a later date.

A plan map, section and additional photos can be found on the website at www.zenyatta.ca.

Aubrey Eveleigh, President and CEO stated “Holes 4 and 5 were large step-outs to the east where we continue to encounter wide zones of graphitic mineralization. This confirms that the eastern continuation of the airborne geophysical anomaly is caused by the same graphite-rich body. The Company is very pleased with these latest drilling results that continue to expand this large and unique graphite deposit.”

The next drill-holes, #6 and #7, will be drilled 100m west and east of the discovery hole #1 respectively. Drill hole #6 has just commenced and should be complete in the next few days.

The graphite discovery is located 30km north of the Trans Canada Highway, power line and natural gas pipeline. A rail line is located 70km away and an all-weather road approximately 4-5km from the graphite deposit. The Albany graphite deposit is near surface, underneath glacial till overburden.

Mr. Aubrey Eveleigh, P.Geo., President and CEO, is the “Qualified Person” under NI 43-101 and has reviewed the technical information contained in this news release.

This News Release includes certain “forward-looking statements”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

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.

Contact Information

Zenyatta Ventures Ltd.
807-346-1660
info@zenyatta.ca
www.zenyatta.ca

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Electrifying transportation — Focus CEO Gary Economo on Quebec graphite

Posted by AGORACOM-JC at 12:31 PM on Monday, May 14th, 2012

Focus Metals Inc (TSXV:FMS) and L’institut de recherche d’Hydro-Québec announced a licensing agreement enabling Focus to develop a graphite-purification facility and a graphite-anode production facility for lithium-ion batteries. Under the agreement, Focus will build new purification and production facilities, which the company will own and manage. IREQ will provide technical support and cooperate in future technology improvements.

Subject to positive economic analysis, the purification facility will produce up to 15,000 tonnes of spherical battery-grade flake graphite by 2015, using graphite from the company’s Lac Knife Project in Quebec. The anode facility will produce up to 5,000 tonnes of anodes. Costs of the facilities and financing have yet to be determined. The battery-grade process will be incorporated into Lac Knife’s PEA scheduled for June.

In exchange for the technology licence, technological support and future processing improvements, IREQ will receive a licensing fee over a three-year period, representing less than 10% of the current working capital, as well as a royalty on future sales. IREQ is recognized as a global leader in the development of advanced materials for battery manufacturing. It holds over 100 patent rights and 15 licences for battery materials used by some of the world’s most successful battery manufacturers and materials suppliers. IREQ also partners with private-sector companies to build electric-vehicle and hybrid-electric-vehicle charging stations.

 

Focus President/CEO Gary Economo tells ResourceClips.com, “Hydro-Québec has been engaged in the electric-vehicle sector for many, many years. They’ve developed these lithium-battery technologies with a couple of thoughts in mind. One was for hydro-energy storage, and the other was for the transportation sector. They’ve invested a lot of money in both areas. They had a company which was slightly ahead of its time in the electric-vehicle market. It ended up getting sold to a French conglomerate. Hydro-Québec also invested in motor drives for electric vehicles in a subsidiary called TM4 and a bunch of other investments. Their mandate is to advance the electrification of the transportation industry. They have major, major projects in that sector, as well as in energy storage and data transmission through powerlines, like the smart-grid program. They spend an awful lot of time, money and effort in advancing the use of hydro.

“We’re hoping the spherical-graphite production facility will open by the end of 2013. For the first 12 months, it would produce about 10,000 tonnes of 95% material. [The 2015 goal is 15,000 tonnes.] The production plant for anodes and the mine itself are targeted to open at the same time.

“I don’t think there’s a market for other graphite in batteries, apart from spherical graphite. Spherical graphite provides the best capacities and best performance for batteries. The market is constantly looking to improve performance, cost, weight, size and everything else.”

Responding to a Reuters story that stated battery manufacturers prefer synthetic graphite, Economo says, “Synthetic graphite is being used in lithium batteries. Battery manufacturers need consistency from their suppliers. So when they say synthetic graphite is easier to control, I think they’re saying their suppliers are controlling the quality of the material from one batch to another. When you order natural graphite from a distributor, you don’t know what mine it’s coming from. There’s a variety of batches, and it’s very difficult for a battery manufacturer to maintain quality control. Synthetic graphite is a lot more consistent, so a lot of battery manufacturers have opted to use it, even though it’s two to three times more expensive. Those are the companies making very high-quality, high-end batteries. Companies like that are very excited to see people like us come into the market with a very large deposit so we can guarantee them a consistent supply of product.”

Economo continues, “Graphite prices are not going to go through the roof. They’re stabilized; they’re going to run about $1,800 to $2,000 a tonne. Producing a tonne of 95% concentrate is expensive, if you have a low-grade deposit. We’re lucky that we have a 16% grade. Our cost to produce a tonne of 95% material is fairly low. It’s about $350 a tonne right now. So we have a huge margin available to us. That’s especially important because the price of graphite isn’t going to increase. The market can’t accept it. There is a demand for graphite and a need for it from lithium-ion battery manufacturers, but new mines will open to satisfy that demand. I don’t see prices rising.

“The automotive sector is one area we’re interested in, of course. But there are others we’re going after too. For example, two major growth areas are notebook computers and tablets. Until recently a lot of the batteries were ni-cad or nickel-metal-hydride. Now, with the ultra-thin, ultra-light computers and tablets, it’s all lithium. They’re looking at producing 450 million tablets in five years. The number is just astounding. If you look at electric handtools, every one of them is changing from nickel-metal-hydride to lithium-ion batteries. That’s another huge market. I went to the hardware store the other day to buy a lawnmower. They had five gas-powered models and seven electric.

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“The automotive sector might not catch on as fast as some people think it will,” Economo cautions. “Personally I think it’ll take more time because to have that amount of vehicles on the streets you also need the infrastructure. If you go to China, India or Europe, you’ll see some of the motorcycles and even bicycles are electric. It’s mandated now in China that they can’t have any more gas-powered mopeds. So there’s a huge, huge market for graphite in the lithium-battery sector, even without the automotive industry. I think the automotive business will just be the icing on the cake.”

Focus holds a 40% interest in Grafoid Inc, a joint venture created to find proprietary methods of manufacturing graphene from graphite mined at Lac Knife.

“It’s going really, really well,” Economo says. “Grafoid’s working on a number of projects for some major corporations in terms of R&D and developing patents and intellectual property. We need to prove the scalability of the process. A pilot plant is being built, and it will be ready and operable in five weeks. So as soon as we have the material from our drill program we’ll be able to get that plant going and prove the scalability of the manufacture of graphene. We make graphene now, but it’s in small batches in a lab environment. We want to scale it to large batches and see how big the batches can be.”

The pilot plant’s location is secret.

“There are signs of industrial espionage,” Economo reports. “We’ve seen it, and we want to be extra careful. There are people out there who have tried, and will continue to try, to get trade secrets.”

As for the Lac Knife Project, “Our PEA is scheduled for June 7. We don’t need a feasibility study. We’ll have offtake agreements and financing to take us into production. We’re working on five different companies for potential offtakes.”

The company has additional claims in Quebec’s Tetepisca region and in the region of Timcal Graphite & Carbon’s Lac-des-Îles Graphite Mine. “We have an exploration program in which geologists will visit all the claims, Economo says. “That starts next week. We have a big drill program starting next month up at Lac Knife. We want to see how big this thing is. It’s open at all directions and at depth. We also want to get some material because some of our potential clients will test it. We also want to have some material for our graphene development.”

Focus Metals is changing its name to Focus Graphite.

“Our new name has been approved by shareholders. We’re just doing the paperwork and filing it with the exchange. So I would say it takes effect now.”

Economo concludes, “Over the last couple of years we’ve de-risked and advanced this discovery to the point that, with our scoping study next month, we’ll be ready to go to permitting and take it to production. We’re well financed; we have $27 million in the bank. We’re an exceptionally advanced company with a business plan to take advantage of the upstream products, as opposed to just mining graphite and selling it in bulk. We want to take advantage of the value-add that we can bring to a particular customer. So our focus, no pun intended, is to provide customer solutions for technology graphite applications. We’re looking forward to our scoping study and signing our offtake agreements and getting the permitting done so we can get some graphite out of the ground.”

View Company Profile

Read an interview about Focus’ Kwyjibo REE-Copper Project.

Read a feature story on Focus Metals.

Disclaimer: Focus Metals Inc is a client of OnPage Media, and the principals of OnPage Media may hold shares in Focus Metals.

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Source: http://business.financialpost.com/2012/05/14/electrifying-transportation-focus-ceo-gary-economo-on-quebec-graphite/

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