Posted by AGORACOM
at 3:29 PM on Thursday, May 16th, 2019
Grant will accelerate ZEN’s graphene-enhanced concrete research and development project.
Potentially help the Company achieve its goal to provide innovative cement-based composite products to the Ontario market.
ZEN is currently developing a graphene-enhanced concrete additive in collaboration with the University of Toronto and University of British Columbia-Okanagan
About ZEN Graphene Solutions Ltd.
ZEN Graphene Solutions Ltd. is an emerging graphene technology company with a focus on development of the unique Albany Graphite Project. This precursor graphene material provides the company with a competitive advantage in the potential graphene market as independent labs in Japan, UK, Israel, USA and Canada have demonstrated that ZEN’s Albany Graphite/Naturally PureTM easily converts (exfoliates) to graphene, using a variety of simple mechanical and chemical methods.
Posted by AGORACOM
at 7:26 AM on Thursday, May 16th, 2019
In-fill drilling in the west half of JMZ within conceptual pit-constrained area.
Shallow and deeper in-fill drilling in central-east region of JMZ.
Drilling along projected strike east of JNZ in an area of high-grade quartz boulders (boulder samples of 163, 208 and 332 g/t gold – News Release of August 31, 2017).
Golden Promise Project, Central Newfoundland
VANCOUVER, BC / ACCESSWIRE / May 16, 2019 / GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”)
is pleased to announce it has received a diamond drilling permit for
the Company’s Golden Promise Gold Property, located in the central
Newfoundland gold belt. The Company has also begun its 2019 exploration
program on the Golden Promise Property, currently conducting focussed
prospecting and geochemical sampling at high priority targets within the
property. The drilling permit allows for up to 24 drill holes in the
northern half of the property at the gold-bearing Jaclyn Zone,
specifically at the Jaclyn Main Zone (JMZ) and Jaclyn North Zone (JNZ).
Planned drilling will consist of the following:
In-fill drilling in the west half of JMZ within conceptual pit-constrained area.
Shallow and deeper in-fill drilling in central-east region of JMZ.
Drilling
along projected strike east of JNZ in an area of high-grade quartz
boulders (boulder samples of 163, 208 and 332 g/t gold – News Release of
August 31, 2017).
The
Company reported a National Instrument 43-101mineral resource estimate
for the JMZ in late 2018 (News Release of December 6, 2018; and
Sedar-filed National Instrument 43-101 Technical Report on the Golden
Promise Property, Central Newfoundland (revised), dated December 4, 2018
by Mr. Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim,
B.Sc., P.Geo.). The reported inferred mineral resource estimate for the
JMZ is as follows:
Resource
Cutoff Au g/t
Au Cap g/t
Au Uncap g/t
Tonnes
Au Ounces Capped
Au Ounces Uncapped
Total
1.1
9.3
10.4
357,500
106,400
119,900
Pit-Constrained
0.6
11.4
14.1
157,300
57,800
71,200
Underground
1.5
7.5
7.6
200,200
48,600
48,700
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves. Mineral
resource tonnage and contained metal have been rounded to reflect the
accuracy of the estimate, and numbers may not add due to rounding. Mineral resource tonnage and grades are reported as undiluted. Contained Au ounces are in-situ and do not include recovery losses
The
majority of planned diamond drill holes at the Golden Promise Property
will be in-fill drill holes at the JMZ to provide data for an up-dated
JMZ mineral resource estimate, engineering studies and studies of
mineralizing controls. Drilling is also planned testing continuation of
the JNZ east along projected strike. The Company conducted trenching
during 2017 along the projected east strike of the JNZ. The trenching
generally failed to reach bedrock due to thick glacial till. However
gold bearing quartz vein boulders were excavated from multiple trenches,
with some boulder samples returning high grade gold (including 163.99,
208.51 and 332.67 g/t gold: News Release of August 31, 2017). A
qualified person managed the 2017 trenching program and sampling and
verified the analytical data.
Great Atlantic has begun it’s 2019
exploration program on the Golden Promise Property. Prospecting and
geochemical sampling is being conducted at high priority targets in
multiple regions within the property. During the 2017 and 2018 programs,
the Company identified / confirmed areas with gold bearing quartz vein
float or bedrock; and gold soil anomalies. The objective of the current
program is to further define trenching and drilling targets within these
target areas.
The Golden Promise Property hosts multiple gold
bearing quartz veins and is located within a region of recent
significant gold discoveries. The property is located within the
Exploits Subzone of the Newfoundland Dunnage Zone. Within the Exploits
Subzone, the property lies along the north-northwestern fringe of the
Victoria Lake Supergroup (VLSG), a volcano-sedimentary terrane. The
northwestern margin of the Golden Promise Property occurs proximal to,
and, in part, contiguous with a major (Appalachian-scale) collisional
boundary, and suture zone, known as the Red Indian Line (RIL). The RIL
forms the western boundary of the Exploits Subzone. Recent significant
gold discoveries in this region of the Exploits Subzone include those of
Sokoman Minerals Corp. (TSXV.SIC) at the Moosehead Gold Project and Marathon Gold Corp. (TSXV.MOZ) at the Valentine Lake Gold Camp.
During 2018 Sokoman Minerals Corp. (TSXV.SIC) announced
a high-grade gold discovery on its Moosehead Property, located
approximately 40 kilometers east-northeast of the Golden Promise
Property. The discovery was made during the 2018 diamond drilling
program. A drill intersection of 44.96 g/t gold over 11.90 meters core
length was reported including a 1.35 meters core length quartz vein
intersection of 385.85 g/t gold (Sokoman Iron Corp. News Release of July
24, 2018). The Valentine Lake Gold Camp of Marathon Gold Corp. (TSXV.MOZ) is
located approximately 55 kilometers southwest of the Golden Promise
Property. As reported on Marathon’s website, the Valentine Lake Gold
Camp currently hosts four near-surface, mainly pit-shell constrained,
deposits with measured and indicated resources totaling 2,691,400 oz. of
gold at 1.85 g/t gold and inferred resources totalling 1,531,600 oz. of
gold at 1.77 g/t. Readers are warned that mineralization at the
Moosehead Property and Valentine Lake Gold Camp is not necessarily
indicative of mineralization on the Golden Promise Property.
High-grade
gold is reported in quartz veins and quartz vein boulders within the
Golden Promise Property. Gold bearing quartz veins are reported in
multiple areas of the property, including at least 5 gold bearing quartz
vein systems reported in the Jaclyn Zone. Much of the reported
historical exploration within the property has been focused on the
Jaclyn Zone with gold bearing vein systems reported at the JMZ, JNZ,
Jaclyn South Zone, Jaclyn East Zone and Jaclyn West Zone. The majority
of historic drilling (2002-2010) was conducted at the JMZ. Gold bearing
veins and gold bearing float are reported in other regions of the
property. These include the Linda/Snow White vein in the southern
region, Shawn’s Shot vein in the central region and Branden boulder
occurrence in the northern region of the property.
As reported in
the National Instrument 43-101 Technical Report on the Golden Promise
Property, Central Newfoundland (revised), dated December 4, 2018 by Mr.
Greg Z. Mosher, M.Sc. App., P.Geo., and Mr. Larry Pilgrim, B.Sc.,
P.Geo., the JMZ was modelled as a single quartz vein that strikes
east-west and dips steeply to the south. Modelled vein thickness was
based on true thickness derived from quartz vein intercepts. The
estimate is based on 220 assays that were composited to 135 one-meter
long composites. A bulk density of 2.7 g/cm3 was used. Blocks in the
model measured 15 meters east-west, 1-meter north-south and 10 meters
vertically. The block model was not rotated. Grades were interpolated
using inverse-distance squared (ID2) weighting and a search ellipse that
measured 100 meters along strike, two meters across strike and 50
meters vertically. Grades were interpolated based on a minimum of two
and a maximum of 10 composites with a maximum of one composite per hole
so the grade of each block is based on at least two drillholes thereby
demonstrating continuity of mineralization. For the capped mineral
resource estimate, all assays that exceed 65 g/t gold were capped at 65
g/t gold. All resources were classified as Inferred because of the
relatively wide spacing of drill holes through most of the zone.
Because
part of the vein is near surface the resource estimate was constrained
by a conceptual open pit to demonstrate reasonable prospects of eventual
economic extraction. Generic mining costs of US$2.50/tonne and
processing costs of US$25.00/tonne were used together with a gold price
of US$1,300/ounce. A conceptual pit slope of 45° was assumed with no
allowance for mining loss or dilution. Based on the combined
hypothetical mining and processing costs and the assumed price of gold, a
pit-constrained cutoff grade of 0.6 g/t was adopted. For the
underground portion of the resource a cutoff of 1.5 g/t was assumed. The
cutoff grade for the total resource is the weighted average of the
pit-constrained and underground cutoff grades.
Jaclyn Main Zone Total Inferred Mineral Resource Estimate
Resource
Cutoff Au g/t
Au Cap g/t
Au Uncap g/t
Tonnes
Au Ounces Capped
Au Ounces Uncapped
Total
1.1
9.3
10.4
357,500
106,400
119,900
Pit-Constrained
0.6
11.4
14.1
157,300
57,800
71,200
Underground
1.5
7.5
7.6
200,200
48,600
48,700
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves. Mineral
resource tonnage and contained metal have been rounded to reflect the
accuracy of the estimate, and numbers may not add due to rounding. Mineral resource tonnage and grades are reported as undiluted. Contained Au ounces are in-situ and do not include recovery losses
David
Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP
Exploration for Great Atlantic, is responsible for the technical
information contained in this News Release.
About Great Atlantic Resources Corp.: Great
Atlantic Resources Corp. is a Canadian exploration company focused on
the discovery and development of mineral assets in the resource-rich and
sovereign risk-free realm of Atlantic Canada, one of the number one
mining regions of the world. Great Atlantic is currently surging forward
building the company utilizing a Project Generation model, with a
special focus on the most critical elements on the planet that are
prominent in Atlantic Canada, Antimony, Tungsten and Gold.
On Behalf of the board of directors
“Christopher R Anderson”
Mr. Christopher R. Anderson ‘Always be positive, strive for solutions, and never give up’ President CEO Director 604-488-3900 – Dir
Posted by AGORACOM
at 4:47 PM on Wednesday, May 15th, 2019
Fortis Metals,
the world’s leading producer of minor metals, recently forecast a
tellurium supply deficit that, “as of 2020 could be as big as a
staggering 370 metric tonnes.â€
Noting the rapidly-growing use of tellurium for thin-film solar panels, Fortis stated:
“At the moment, we are still seeing (tellurium) inventories in China but these are being eaten away by the two main suppliers of First Solar (the world’s largest thin-film solar manufacturer). It is only a matter of time before the market will understand the new dynamics and prices will start to reflect the growing deficit. We would not be surprised to see prices break the previous record seen in 2011.â€
GGX
has produced some of the highest grade drill intercepts in the world
over the 2018 drill season, which compliment High Grade Gold intercepts
of:
COD18-67: 129 g/t gold, 1,154 g/t silver and 823 g/t tellurium over 7.28-metre core length;
COD18-70: 107 g/t gold, 880 g/t silver and 640 g/t tellurium over 6.90-metre core length.
FULL DISCLOSURE: GGX Gold is an advertising client of AGORA Internet Relations Corp
Tags: #Discovery, #Drilling, #GGXgold, #Grade, #Mine, #silver, #tellerium, gold Posted in GGX Gold Corp. | Comments Off on Client Feature: $GGX.ca GGX Gold Discovers Tellerium at GoldDrop along with 2018’s Highest Grade Drill Intercepts in the World over the 2018 Drill Season $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca
Posted by AGORACOM
at 1:40 PM on Wednesday, May 15th, 2019
The bulk sampling program is anticipated to be completed by early April 2019
The main purpose of the program is to recover a large sample of graphite to generate graphene product samples for market development purposes
This material will be subsequently purified to 99.8% and ultimately converted to graphene and graphene oxide for continued market development work.
About ZEN Graphene Solutions Ltd.
ZEN Graphene Solutions Ltd. is an emerging graphene technology solutions company with a focus on development of the unique Albany Graphite Project as a precursor graphene material product opportunity and product market development. The Albany Graphite Project provides the company with a competitive advantage in the potential graphene market as independent labs in Japan, UK, Israel, USA and Canada have demonstrated that ZEN’s Albany Graphite/Naturally PureTM easily converts (exfoliates) to graphene, using a variety of simple mechanical and chemical methods.
Posted by AGORACOM
at 11:37 AM on Wednesday, May 15th, 2019
American Creek has operated in the Golden Triangle region for 15 years and has three noteworthy projects.
Ken Konkin (former head geologist for Pretivm and instrumental in the discovery and development of the Brucejack / VOK mine) now heading our JV partner Tudor Gold’s geological team to develop Treaty Creek.
The geology, geophysics and structure are showing potential for similar scale to the rest of the Sulphurets Hydrothermal System, and the drilling to date is confirming
The string of porphyry related deposits running through the Sulphurets Hydrothermal system have stronger gold equivalent grades the further north you go. The Goldstorm deposit on Treaty Creek property is richer in gold and total gold equivalent than the KSM deposits further to the south
Treaty Creek is “on the right side of the hill” where there is direct access to highway 37 and the high-power transmission line making logistics markedly better than for deposits further south.
The Treaty Creek JV property has a fully carried interest to production
Posted by AGORACOM
at 10:36 AM on Wednesday, May 15th, 2019
Lomiko Metals Inc. is pleased to report that Mr. Sandio Pereira, the former Processing Manager for the world’s biggest graphite mine, the Balama Project owned by Syrah Resources of Australia, has joined the Lomiko Board of Advisors as Lomiko moves toward establishing a Pre-economic Assessment.
“We are very honoured to have Mr. Pereira identify the La Loutre Project as having world class potential and provide his expertise and contacts to help move the project forward,†stated A. Paul Gill, CEO.
Mr. Pereira has recognized North American projects may have good potential based on recent comments by US Senator Lisa Murkowski in her keynote address at the Benchmark Minerals Conference in New York in which she states:
“The significance of foreign oil dependence is widely understood,
but our foreign mineral dependence is equally – if not more – serious.Last year [the United States] imported at least 50 percent of 48
minerals, including 100 percent of 18 of them. That should worry
everyone, particularly because it is happening at the same time that
demand, for everything from graphite and lithium to cobalt and nickel,
is about to skyrocket….I have introduced the American
Mineral Security Act, a bipartisan bill that takes a comprehensive
approach to rebuilding our domestic mineral supply chain.Unless
we take significant steps, we’re at risk of ceding major economic
drivers to other countries.â€
Mr. Pereira is a Project Manager with a Master’s Degree in Mining, Metallurgical and Materials Engineering with extensive experience as a Process Engineer. He has over 30 years of experience in engineering, implementation, commissioning, ramp up, industrial operations, marketing and product development for mining companies in graphite including the development of spherical graphite for application in lithium-ion batteries. Mr. Pereira was a crucial member of the Syrah team as the company raised $150 million to start move the project forward to production and operation.
Benchmark Minerals will continue with their world tour and the next conference is sold out to the public but limited media passes are available. Battery Megafactories and Battery Materials in Vancouver, B.C. on May 15, 2019 at the Vancouver Convention Centre 8 am – 5:30 pm.
Lomiko Metals Inc
Lomiko Metals Inc. is a Canada-based, exploration-stage company. The Company is engaged in the acquisition, exploration and development of resource properties that contain minerals for the new green economy. Its mineral properties include the 80% owned La Loutre and Lac Des Iles Graphite Properties and the 100% owned Quatre Milles Graphite Property.
It’s wholly owned subsidiary Lomiko Technologies Inc. is a 40% owner of Graphene ESD Corp, a 18.5% holder of SHD Smart Home Devices www.shddevices.com which produces electronic products and a 20% holder of Promethieus Technologies Inc. www.promethieus.com a technology incubator launching an IPO in Europe.
For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: [email protected].
On Behalf of the Board,
“A. Paul Gill†Chief Executive Officer
We seek safe harbor. 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
Posted by AGORACOM
at 12:25 PM on Tuesday, May 14th, 2019
Aiming to become a Wollastonite producer focused on delivering high quality products to multiple industries.
AGRINOVA research confirmed that Vertical’s wollastonite can meet regulatory requirements for agricultural applications in Quebec
AGRINOVA investigated the potential markets for the St-Onge wollastonite resource
The third key component of the Phase 1 program, which involves developing applied research programming in order to allow Vertical’s wollastonite to be upgraded according to regulatory requirements and markets, will be the subject of a further study to be undertaken by AGRINOVA in the upcoming months.
VANCOUVER, BC / ACCESSWIRE / May 14, 2019 / VERTICAL
EXPLORATION INC. (TSX-V: VERT) (“Vertical” or “the Company”) is pleased
to announce that, further to its press release dated April 29, 2019,
the Company has received positive results from its Phase 1 Research and
Development program that was conducted by AGRINOVA using wollastonite
from the Company’s St-Onge deposit. All of the research and testing in
the Phase 1 program was managed and monitored by AGRINOVA, a
highly-regarded Center for Research and Innovation in Agriculture in
Quebec, in an effort to optimize the potential agricultural uses of
wollastonite and help improve production methods for farmers and
agricultural companies located in Quebec.
The Phase 1 program
conducted by AGRINOVA over the past year focused on research and testing
in two key component areas, including characterizing and confirming
that Vertical’s wollastonite can meet regulatory requirements for
agricultural applications in Quebec and investigating potential markets
for the St-Onge wollastonite resource. The third key component of the
Phase 1 program, which involves developing applied research programming
in order to allow Vertical’s wollastonite to be upgraded according to
regulatory requirements and markets, will be the subject of a further
study to be undertaken by AGRINOVA in the upcoming months.
The
first component results provided by AGRINOVA clearly indicate that
Vertical’s St-Onge wollastonite could be Bureau de nomalisation du
Quebec (“BNQ”) certified or registered under the Fertilizers Act in
Quebec, and potentially be used in the manufacture of slow-mineralizing
fertilizer. The safety profile of Vertical’s wollastonite was
successfully demonstrated by a germination and elongation test with
barley. AGRINOVA went on to report that the St-Onge wollastonite has a
neutralizing power and efficiency which compares it favorably with
current lime products, and that it has appreciable levels of major and
minor elements (Silicon, Calcium, Magnesium and Manganese) that are
essential for plant nutrition and growth. Another benefit of Vertical’s
wollastonite that was identified by AGRINOVA is its high
bio-availability of silicon that leads to both enhanced plant growth and
resistance to abiotic and biotic stress in a range of agricultural
crops, as studies have shown there is a significant need for this
element that is not being filled by commercial fertilizers.
Results
for the second market study component that was undertaken by AGRINOVA,
indicate that wollastonite has a significant potential to be used for
maple production (maple syrup production), organic agriculture, sod
production, large-scale crops (cereals, corn and soybeans) and boreal
forestry (spruce budworm control and post-fire regeneration). Based on
these uses, the potential agricultural demand for wollastonite in the
initial target market of Quebec could be in the order of 6,400 tonnes
for the Saguenay-Lac-Saint-Jean region, and approximately 274,000 tonnes
for the province of Quebec as a whole. AGRINOVA also estimates that
there could be additional demand of approximately 59,000 tonnes from the
Maritime Provinces of Canada, based on the increased potential for
wollastonite to be used for regional blueberry and potato crops.
Peter
P. Swistak, president and chief executive officer of Vertical
Exploration, commented: “These initial results from AGRINOVA’s Phase 1
program are very encouraging and show that Vertical’s wollastonite can
potentially become BNQ certified for agricultural use in Quebec, which
again is an important and necessary step for Vertical to take before it
can move forward with its marketing and sales efforts in Quebec. The
AGRINOVA report also verifies that our St-Onge wollastonite has a number
of valuable natural mineral properties that support overall soil
health, help control pests and bolster yields for maple trees, barley
and blueberries alike. I am also very pleased to find that Vertical’s
wollastonite has the potential to be classified as an organic certified
fertilizer and soil amendment. Given these very positive results, we are
now moving forward to engage AGRINOVA to conduct additional work on the
third component of the Phase 1 program over the coming months. This
component will involve AGRINOVA designing and implementing an applied
research program in order to allow Vertical’s wollastonite to be
upgraded for other potential uses and then tested according to varying
regulatory requirements and markets. We look forward to providing
updates and results from this important third research component as they
become available.”
The complete AGRINOVA Phase 1 program report
will be uploaded and made available to shareholders and the public on
the Company’s website (https://vertxinc.com).
ABOUT AGRINOVA
AGRINOVA (www.agrinova.qc.ca),
the Center for Research and Innovation in Agriculture, is a Technology
Access Centre located in Alma, Quebec that provides technical help and
services to farmers and agricultural companies throughout the province
in order to help them access new technologies and assist them with the
adoption of innovative new technologies and practices. AGRINOVA’s
technology support focuses primarily on consumer concerns (milk
quality); reducing greenhouse gas (GHG) emissions; organic or natural
products; comfort and well-being of animals; digital adoption; and the
economic efficiency of companies.
ABOUT VERTICAL EXPLORATION
Vertical
Exploration’s mission is to identify, acquire, and advance high
potential mining prospects located in North America for the benefit of
its stakeholders. The Company’s St-Onge Wollastonite property is located
in the Lac-Saint-Jean area in the Province of Quebec.
ON BEHALF OF THE BOARD Peter P. Swistak, President/CEO
FOR FURTHER INFORMATION PLEASE CONTACT: Telephone: 1-604-683-3995 Toll Free: 1-888-945-4770
Posted in Vertical Exploration Inc | Comments Off on Vertical $VERT.ca Announces Encouraging Results from its Phase 1 Wollastonite Research and Development Program with AGRINOVA $TORR.ca $FA.ca $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca
Posted by AGORACOM
at 11:10 AM on Tuesday, May 14th, 2019
VANCOUVER, British Columbia, May 14, 2019 (GLOBE
NEWSWIRE) — Labrador Gold Corp. (TSX-V: LAB) (“Labrador Gold†or the
“Companyâ€) is pleased to announce the appointment of Mr. Kai Hoffmann to
the board of Directors.
Mr. Hoffmann holds
a Bachelor of Business Administration from the University of
Bedfordshire in the UK and is a businessman with years of experience in
the capital markets and commodities industry. He is the CEO of Soar
Financial Group, consisting of a boutique merchant bank and corporate
communications company, a publishing house and Oreninc, a website that
tracks financings for Canadian listed exploration and mining companies.
He is a regular keynote speaker at leading industry conferences and
events.
“On behalf of the existing Directors, I
welcome Kai to the Labrador Gold Board, and we look forward to working
with him.†said Roger Moss, President and CEO. “His experience in
marketing and capital markets will benefit the company as we anticipate
another exciting year in Labrador.â€
“I am
excited to be joining Roger, Shawn and the Labrador Gold team. The
coming months mark a pivotal time in the company’s development, and I am
looking forward to not only support the team but also to help achieve
the corporate goals.†comments Kai Hoffmann.
The
Company also announces the grant of 500,000 options to purchase common
shares of the Company to Mr. Hoffmann and an additional 1,100,000
options to the existing directors, officers and a consultant. The
options are exercisable at a price of $0.20 for a period of five years.
Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.
About Labrador Gold:
Labrador
Gold is a Canadian based mineral exploration company focused on the
acquisition and exploration of prospective gold projects in the
Americas. In 2017 Labrador Gold signed a Letter of Intent under which
the Company has the option to acquire 100% of the 896 square kilometre
(km2) Ashuanipi property in northwest Labrador and the Hopedale (458 km2) property in eastern Labrador.
The
Hopedale property covers much of the Hunt River and Florence Lake
greenstone belts that stretch over 80 km. The belts are typical of
greenstone belts around the world but have been underexplored by
comparison. Initial work by Labrador Gold during 2017 show gold
anomalies in soils and lake sediments over a 3 kilometre section of the
northern portion of the Florence Lake greenstone belt in the vicinity of
the known Thurber Dog gold showing where grab samples assayed up to
7.8g/t gold. In addition, anomalous gold in soil and lake sediment
samples occur over approximately 40 kilometres along the southern
section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 57km strike length of the Florence Lake Greenstone Belt.
The
Ashuanipi gold project is located just 35 km from the historical iron
ore mining community of Schefferville, which is linked by rail to the
port of Sept Iles, Quebec in the south. The claim blocks cover large
lake sediment gold anomalies that, with the exception of local
prospecting, have not seen a systematic modern day exploration program.
Results of the 2017 reconnaissance exploration program following up the
lake sediment anomalies show gold anomalies in soils and lake sediments
over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and
over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The
anomalies appear to be broadly associated with magnetic highs and do not
show any correlation with specific rock types on a regional scale (see
news release dated January 18th 2018). This suggests a
possible structural control on the localization of the gold anomalies.
Historical work 30 km north on the Quebec side led to gold intersections
of up to 2.23 grams per tonne (g/t) Au over 19.55 metres (not true
width) (Source: IOS Services Geoscientifiques, 2012, Exploration and
geological reconnaissance work in the Goodwood River Area, Sheffor
Project, Summer Field Season 2011). Gold in both areas appears to be
associated with similar rock types.
The Company has 56,514,022 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.
Posted by AGORACOM
at 10:03 AM on Tuesday, May 14th, 2019
Entered into a definitive off take agreement for graphite concentrate to be produced from its Aukam Graphite mine
Appointed Phu Sumika (“PSK“) as its exclusive marketing agent, in continental Europe, for the sale of graphite concentrate to the refractory, lubricant and battery markets.
PSK will purchase up to 7,500 Dry Metric Tonnes annually, for a period of five years from the date commercial production commences at Aukam
TORONTO, May 14, 2019 /PRNewswire/ – Gratomic Inc. (“Gratomic” or the “Company”) (TSX-V: GRAT) (CB81–FRANKFURT) a vertically integrated graphite to graphenes, advanced materials development company announces the entering into of a definitive off take agreement for graphite concentrate to be produced from its Aukam Graphite mine (“Aukam“) in Namibia (“Offtake Agreement“).
As part of the Graphite Concentrate sales Agreement (Sales Agreement), Gratomic has appointed Phu Sumika (“PSK“) as its exclusive marketing agent, in continental Europe, for the sale of graphite concentrate to the refractory, lubricant and battery Markets.
Pursuant to the Sales Agreement, PSK will purchase up to 7,500 Dry
Metric Tonnes annually, for a period of five years from the date
commercial production commences at Aukam. The contract contemplates the
sales of graphitic product ranging from 80% Carbon to 99.9% Carbon at prices ranging between US$500-US$2800 per Metric Tonne (depending on grade, moisture content and industry use).
Gratomic is satisfied with the high value range of product pricing for the selected markets.
Gratomic has delivered PSK with samples grading 92%, 97%, 99% and
99.9% over the past 3 months for testing in a verity of end uses. The
results now positively match buyer specifications and will qualify the
sales agreement for deliveries going forward.
Aukam Production Update
Gratomic has recently consulted with a processing expert in Toronto
and has been able to produce several batches of Battery Grade Graphite
grading over 99.9% the Company is currently compiling a budget to
integrate the suggestive plant adjustment onto its processing circuit
within the next 3 months. This will allow the company to commence with
the production and sale of battery grade Graphite targeted towards the
rapidly growing battery industry mainly being dominated by the increase
of demand for electric vehicles worldwide.
In addition Gratomic expects the delivery of the final components of
its Aukam processing plant within the next 49 days, this will complete
the construction of the first phase of our Processing facility and bring
it up to a 3 metric tonne per hour Processing Capacity.
The company continues its focus on further developing and
commercializing its Graphene Processing capacity in wales through its
partnership with Perpetuus carbon technologies and anticipates soft
launching its Gratomic fuel efficient tire in the summer. Gratomic has
recently prepared an additional 2 tonnes of Graphite concentrate which
it will be shipping to wales in the coming days for converting into high
quality Graphenes targeted for the use and development of several high
value Graphene applications.
Gratomic’s CO-CEO Arno Brand stated, “The
entering into of the sales agreement and exclusive marketing agreement
with Phu Sumika is the culmination of several years of work, Gratomic is
now well positioned and ready to monetize its operations through
graphite sales. We thank our loyal shareholders for their support
throughout the years and their contributions in helping us in
commercialize the Aukam Mine”
About Phu Sumika
Phu Sumika was established in 2003 to provide raw chemical
materials for leading companies in the abrasive, refractory and
battery industries across Europe. They offer a wide scale of commodities
from around the World. A professional organization with significant
experience and a vast sales network allows them to provide the highest
quality with competitive pricing.
About Gratomic Inc.
Gratomic is an advanced materials company focused on mine to
market commercialization of graphite products most notably high value
graphene based components for a range of mass market products. We are
collaborating with a leading European manufacturer of graphenes to use
Aukam graphite to manufacture graphene products for commercialization on
an industrial scale. The company is listed on the TSX Venture Exchange
under the symbol GRAT.
“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.”
