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In advance of today’s Graphite Express Conference In Toronto (which we are a proudly sponsoring), we’re happy to provide you with the following concise overview of presenting company Strike Graphite. Strike Graphite is a sponsor of our site. The following summary is provided courtesy of this Financial Post article, written by Resource Clips.
With three graphite properties in two of the world’s top mining jurisdictions, Strike Graphite (TSXV:SRK) hopes to file a resource by 4Q 2012. The company has two northeast Saskatchewan projects, Simon Lake and Deep Bay East, as well as Wagon in west Quebec. This week, Strike begins drilling the 11,800-hectare Simon Lake. The program will sink 10 holes totalling 2,500 to 3,500 metres along two conductors, one 5.5 kilometres long, the other 25 kilometres. The 5,500-hectare Deep Bay East has non-43-101 historic results of 8.58% C over 35.1 metres, 8.97% over 13.1 metres and 9.06% over 10.7 metres. Both Saskatchewan properties have roads and the ability to access power.
The company’s 3,000-hectare Wagon Property is 15 kilometres from the Lac-des-Îles Graphite Mine. Wagon’s historic outcrop samples have returned non-43-101 results ranging from 0.57% to 18.13% C. Strike also has an option to earn up to a 75% interest in the 1,600-hectare Satterly Lake Property in northwest Ontario.
For a more in-depth overview of Strike Graphite, please go to Strike Graphite Profile On AGORACOM
VANCOUVER, BRITISH COLUMBIA–(April 2, 2012) - Strike Graphite Corp. (TSX VENTURE:SRK) (the “Company”) is pleased to announce the appointment of Blair Way as Chief Executive Officer.
Blair Way is a seasoned management professional with a career spanning over 25 years within the precious metals, petroleum exploration and development, and mining construction sectors throughout Australia, Asia, Canada, the United States and the United Kingdom. In the past several years, Mr. Way has demonstrated success in building and managing teams through to achieving either a major resource milestone or advancing development projects into production.
Mr. Way’s recent career path is highlighted as follows:
Most recently – VP Project Development for Ventana Gold (Vancouver), advancing projects in Colombia and recently acquired by Brazilian billionaire Eike Batista for $1.4 billion.
Just prior – President and Project Director, Oceanagold Philippines, overseeing the construction of the Didipio gold copper project.
As well as – Project Manager Non Ferrous Group with Hatch Associates (Brisbane), providing project management support for various mining and metal related projects in Australia, South Africa, China, Papua New Guinea and South East Asia.
Earlier – Project Director for BHP’s Major Projects division (QNI Pty Ltd) in Townsville, Queensland.
Mr. Way holds a Bachelor of Science (Petroleum Geology) from Acadia University in Nova Scotia, Canada, as well as a Masters of Business Administration from the University of Queensland, Australia.
Blair Way remarks about his appointment, “While it is very satisfying to be coming off some success by being part of the Ventana team during a take-over, it is now very gratifying at this point in my career to secure a key role within a commodity sector which I am certain is poised for explosive growth in these coming years. I’m delighted to be part of it and looking forward to applying my skills and experience in a Company with such great potential.”
Geoff Balderson, who will remain as President, remarks on the appointment, “We’re very pleased to have Blair come on board with us. The Company is committed to assembling a first class executive and management team in the graphite space, a team with the ability to build and manage projects through the development to PEA stage and through the joint venture and acquisition process. Blair Way is qualified to lead this team and advance the Company rapidly for the benefit of all shareholders.”
About the Company:
Strike Graphite Corp. is a progressive exploration company with seasoned management targeting strategic assets on a global scale. In addition to aggressively advancing its graphite properties in north eastern Saskatchewan toward the goal of achieving a compliant 43-101 resource by Q4, 2012, the Company is also advancing the Satterly Lake gold project in north western Ontario, located just west of Gold Canyon Resources Inc.
On behalf of the Board of Directors,
Geoff Balderson, President
For more information on the above or to view the Company’s Corporate Presentation on its Graphite assets and opportunity, please visit the Company’s website at www.strikegraphite.com.
We seek safe harbor.
FOR FURTHER INFORMATION PLEASE CONTACT:
Geoff Balderson Strike Graphite Corp. President 604.669.9330 604.669.9335 (FAX) firstname.lastname@example.org www.strikegraphite.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.
The company completed the previously announced helicopter-borne VTEM – Electromagnetic Survey of its Deep Bay East Graphite property located within north eastern Saskatchewan.
Preliminary data from the VTEM survey has highlighted a strong conductive horizon associated with the known graphite mineralization at Deep Bay East, and extending well beyond the known limits of the historic mineralization. Based upon the preliminary survey data, the historic conductor was confirmed at approximately 2.5 km strike length. A second conductor, approximately 2 km in length, was identified. Based on its orientation and regional mapping, the new conductor likely represents a structural repetition (folding) of the mineralized Deep Bay East horizon, and thus represents a high-priority exploration target.
Historic exploration of the Deep Bay East Property, confirmed potential for near surface, large flake, high-purity graphite deposit(s) as a result of surface trenching, mapping, and EM Ground Survey(s) and four diamond drill holes over a 1,600 metre east – northeast tending conductor. This highly conductive zone, first identified in the 1970’s, was confirmed by the recent VTEM survey. Some of the historic results include:
DB-1: 22.9 metres averaging 4.02% C beginning at a depth of only 10.7 metres;
DB-2: 35.1 metre interval of 8.58% C
DB-3: 13.1 metres averaging 8.97% C at depth of 7.32 metres and 9.06% C from 60.96 metres to 71.63 metres (10.67 m).
Approximately 15 kilometres to the west of the Deep Bay East property, the Deep Bay Graphite Mine is currently being advanced toward production. The geology and grades of the Deep Bay East Project appear similar to the Deep Bay mine’s deposit.
Strike Graphite is an AGORACOM Sponsor