Agoracom Blog

Strike Graphite Executes on Plan to be Among First to Large-Flake Graphite Resource – Drills Turning at 25km-long Conductor

Posted by AGORACOM-JC at 4:00 PM on Friday, April 27th, 2012

Strike Graphite Corp. (TSX-V: SRK) (Pink Sheets: SRKZF) (Frankfurt: QSG) this week announced drill mobilization at its Simon Lake graphite property in Saskatchewan, Canada. SRK.V also announced the appointment of two experienced and highly accomplished graphite mining experts to its advisory board. These developments are consistent with the focus of SRK.V to be among first in the sector to establish a quality large-flake graphite resource. Strike Graphite has three projects of significance with plans to drill to resource this 2012 the top prospect evidencing grade, flake distribution, purity, and tonnage. The initial drilling at Simon Lake, which began this week, will total ~2,500 to 3,500 m within ten holes. The Simon Lake graphite property holds world-class potential with a 25 km long electromagnetic conductor indicative of graphite and historic drilling having intersected course grain graphite, showing large-flake with visual estimates of up to 70+% graphite.

Strike Graphite Corp. appears to present an exceptional risk-reward scenario; trading at ~36 cents per share (current market cap ~$14M) SRK.V is poised for significant near-term upward share price revaluation with numerous potential intrinsic value adding catalysts in the pipeline and a tight share structure (under 40M shares outstanding) that is apt to see the share price deservedly rise on bullish news. SRK.V is well funded to accomplish its goals having secured ~$3,000,000.00 in funding.

A full review of Strike Graphite Corp. is available at online.

With the projected demand growth for various emerging technologies reliant upon large-flake graphite (i.e. next-gen nuclear power, fuel cells, and lithium-ion batteries) responsible for experts projecting 1 – 2 million tonne supply deficit of large-flake graphite over the next decade (necessitating the opening of 100+ new 20,000 Tonnes Per Year mines) investors seeking exposure to the large-flake graphite sector would do well to consider the exceptional opportunity afforded shareholders of SRK.V as it advances three graphite projects, two in Saskatchewan and one in Quebec. Strike Graphite has plans to achieve substantial resource at both of its Saskatchewan properties near-term. Added comfort for investors seeking exposure to the large-flake graphite sector (NOT to be confused with regular amorphous graphite) can be taken in the knowledge that, unlike other supply-critical resources, there exists NO ability for the market to be dominated, over supplied, or held hostage by multinationals or any country. The fact is that if large-flake graphite demand meets the estimates industry experts are forecasting there will need to be several new mines opening every year and the industrial market will readily be in a position to absorb the new supply. Industrial users of large-flake graphite are now keenly interested in securing proprietary sources and thus it is the focused goal of Strike Graphite to achieve a substantial large-flake graphite resource within 2012.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure sections located at the above referenced URL.

Contact Information:
Brian Watkins, Associate Editor
Mining MarketWatch Journal
[email protected]


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