Agoracom Blog Home

Archive for the ‘Graphite’ Category

« Older Entries
Newer Entries »

Galaxy Graphite Corp. Reports Highly Encouraging Gold Results at Brownell Lk, SK

Posted by AGORACOM-JC at 10:10 AM on Friday, November 16th, 2012

VANCOUVER, BRITISH COLUMBIA–(Nov. 16, 2012) – Galaxy Graphite Corp. (TSX VENTURE:GXY) (the “Company” or “Galaxy”) is pleased to announce that a two-phased summer field program has returned very encouraging sample results on its Brownell Lake, SK gold project.

Following the Phase I program consisting of prospecting and sampling (soils and outcrops), as well as ground geophysics (VLF/magnetometer), Phase II included detailed outcrop sampling with diamond-saw cut channel samples, over prospective zones identified in Phase I.

The Brownell Lake property is located in northern Saskatchewan and is prospective for shear zone-hosted gold and intrusion-related gold. Phase Two of work on the Brownell Lake property took place from September 10 to September 17, 2012. During this time period, four historical showings were located, stripped and channel sampled: Olson, Olson Point, Jena and Kalix. One additional historical showing, Juba, was located and grab sampled. Anomalous gold at the Olson and Olson Point showings is believed to be shear zone-related, while gold at the Jena, Kalix and Juba showings is believed to be related to the presence of a nearby granitoid intrusion. A series of trenches was cleared and mapped on the property and a total of 24 rock and 112 channel samples were collected and sent for multi-element ICP-MS analysis at Acme Labs in Vancouver. A total of 128.5 metres of channels were cut and sampled.

Assay results were highly encouraging with a high value of 25.1 g/t Au over 1.03 metres in one location on the Jena prospect and 4.1 g/t Au over 5.1 metres in different area on the same prospect. All showings, with the exception of Juba, yielded anomalous gold values.

Olson/Olson Point: The Olson and Olson Point zones are underlain by metavolcanic rocks in an area which is anomalously magnetic. This area was previously drilled with 5 holes during 2007 and 2008. A review of the core from those holes indicates that the full mineralized zone was not sampled and assayed. Channel sampling has expanded the width of the mineralized zone, and has identified its surface expression over a strike length of 220 metres, and is open along strike in both directions.

Summary of trenching results: Central — Trench 1: 2.0 g/t Au over 5.18 m — Trench 2: 1.59 g/t Au over 4.16 m West — Trench 1: 0.16 g/t Au over 12.45 m East — Trench 1: 0.12 g/t Au over 7.29 m — Trench 2: 0.13 g/t Au over 8.39 m Olson Point — Trench 1: 0.26 g/t Au over 20.77 m Including 0.56 g/t Au over 2.42 m and Including 0.95 g/t Au over 3.39 m

Jena: The Jena zone is located on the northern edge of the Brownell Lake intrusion. Anomalous gold values occur in metasediments at the contact, in minor auriferous quartz veins and in the granite. The showing was drilled in 1987 to a depth of 61.77 metres, but the drill collar was unable to be located.

Summary of trenching results: — Trench 1: 4.1 g/t Au over 5.1 m Including 8.0 g/t Au over 2.15 m — Trench 2: 0.6 g/t Au over 4.76 m — Trench 3: 5.4 g/t Au over 4.97 m Including 25.1 g/t Au over 1.3 m — Trench 4: 1.76 g/t Au over 4.93 m Including 3.9 g/t Au over 2.16 m — Trench 5: 0.4 g/t Au over 2.58 m (extent of trench restricted due to topography)

Kalix zone: The Kalix zone is located on the eastern side of the Brownell Lake granitic intrusion and consists of quartz vein stockwork in the granite near the contact with staurolite schist. Two drill holes, totaling 168.2 metres were drilled on the zone in 1987; only one drill collar was located.

Summary of trenching results: Central — Trench 1: 2.7 g/t Au over 9.13 m Including 6.9 g/t Au over 3.49 m East — Trench 1: 0.2 g/t Au over 16.7 m Including 0.95 g/t Au over 1.6 m West — Trench 1: 0.1 g/t Au over 9.11 m South — Trench 1: 0.41 g/t Au over 8.02 m Including 1.2 g/t Au over 2.22 m — Trench 2: 0.15 g/t Au over 5.38 m

Chris M. Healey, P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

ON BEHALF OF THE BOARD

Chris M. Healey, President and CEO

We seek safe harbor.

FOR FURTHER INFORMATION PLEASE CONTACT: Galaxy Graphite Corp. Chris M. Healey President and CEO (604) 921-1810 (604) 921-1898 (FAX)

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.

Source: Galaxy Graphite Corp.

Tags: , , , ,
Posted in Graphite | Comments Off on Galaxy Graphite Corp. Reports Highly Encouraging Gold Results at Brownell Lk, SK

Focus Announces New Graphite Discovery at Lac Tetepisca Quebec

Posted by AGORACOM-JC at 10:31 AM on Thursday, November 15th, 2012

OTTAWA, ONTARIO–(Nov. 15, 2012) – Focus Graphite Inc. (“Focus” or the “Company”) (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) is pleased to announce the discovery of a new graphite bearing corridor on the Company’s 100%-owned Lac Tétépisca property (the “Property”) located to the southwest of the Manicouagan reservoir, 234 km north-northwest of Baie-Comeau, Québec. Reconnaissance bedrock sampling carried out during the summer of 2012 has resulted in the identification of a 900 m long by up to 100 m wide graphite bearing corridor on the Property. A total of 26 mineralised grab samples define the new “Manicouagan-Ouest” graphitic corridor, 17 of which host graphitic carbon* (Cgr) grades in excess of 5.59% Cgr (range: 5.59% – 45.80% Cgr; Table 1). The remaining eight (8) grab samples which delineate the graphitic trend show Cgr grades below 5.00%.

The Lac Tétépisca property is located in the Grenville geological Province of Québec. The Manicouagan-Ouest graphitic corridor is set in metasedimentary rocks of the Mahinek Formation. The graphite-bearing outcrops within the corridor are composed of fine to medium grained quartz-feldspar-biotite schist with local occurrences of garnet and kyanite. Fine to coarse graphite flakes and associated sulphides make up 10% to 20% of the rocks, with up to over 50% in strongly mineralized zones.

Gary Economo, President and CEO of Focus Graphite, states “We are very excited about our Manicouagan-Ouest graphite discovery as the new interpreted graphite-bearing corridor compares favourably in terms of length, width and grades to our world class Lac Knife graphite deposit, currently under advanced mineral development. We will be planning a comprehensive follow-up exploration program for Lac Tétépisca in 2013 which will comprise of ground geophysical surveying, trenching and an initial round of core drilling in order to confirm the full extension and thickness of the graphitic corridor.”

The new Manicouagan-Ouest graphite discovery is located 10 km north of the Lac Guéret graphite deposit which hosts National Instrument (NI) 43-101 compliant Measured and Indicated mineral resources of 7.6 Mt grading 20.40% Cgr (Source: Roche, 2012: Technical Report on the Lac Guéret Graphite Project; available at www.sedar.com under Mason Graphite Inc.).

A map of the Tétépisca property showing the location of the Manicouagan-Ouest graphite bearing corridor is available on the Company’s website at www.focusgraphite.com.

Table 1. Summary of best grab sample graphitic carbon assays* (> 5.00 % Cgr) and related sulfur and zinc assays from the 2012 Lac Tétépisca property reconnaissance survey.

Sample No. Cgr *
(%)		 S (%) Zn (ppm)
232361 45.80 0.24 57
232371 27.80 >10.0 1,220
232358 23.60 9.21 4,160
232973 18.80 >10.0 4,370
232351 17.50 >10.0 1,320
232357 17.40 >10.0 2,360
232975 16.95 >10.0 3,450
232983 14.45 0.59 254
232353 12.45 >10.0 1,190
232990 11.80 0.83 274
232364 ** 10.80 1.41 358
232974 10.20 >10.0 1,140
232356 7.27 9.89 484
232370 7.06 >10.0 166
232164 ** 6.86 0.30 433
232987 6.25 0.46 230
232992 6.09 0.35 28
232368 5.99 >10.0 135
232988 5.59 0.38 144
* All rock sample carbon analyses performed by ALS Laboratory Group are delivered as organic carbon (Corg) assays but are expressed here as graphitic carbon (Cgr) based on the assumption that all carbon contained in the highly metamorphosed rocks is held within graphite with no carbon as organic matter.
** Samples collected outside of the Manicouagan-Ouest graphite bearing corridor

About the Lac Tétépisca graphite property

The Lac Tétépisca property consists of 67 contiguous map-designated claims (“CDC”) covering 3,616.15 ha. The Property is located in the southwest Manicouagan reservoir area, 234 km north-northwest of Baie-Comeau, in the Côte-Nord administrative region of Québec. The Property is accessible year-round by road by way of a network of logging roads which start from Route 389. The property is part of the former Lac Guéret-Nord property of SOQUEM Inc. and Quinto Technology Inc. Focus acquired 100% mineral rights to the Property from a third party in 2011.

Quality assurance / Quality control

The Lac Tétépisca exploration program is supervised by Benoit Lafrance, Ph.D., P.Geo., Focus senior geologist and a Qualified Person under NI 43-101. Strict quality control protocols have been applied at the field sampling, sample handling and analytical stages. Mineralized standard and blank materials have been inserted in all samples batches. All assays were performed by ALS Laboratory Group (“ALS”) at ALS’ Val-d’Or and Vancouver laboratories. ALS is an ISO 9001:2008 and ISO 17025 qualified assayer that performs and makes available internal assaying controls. Organic carbon content is measured on representative 0.1-0.2 g samples digested in dilute hydrochloric acid (to remove inorganic carbon) using a LECO carbon analyzer which combines direct combustion and infrared absorption (ALS Code C-IR06). The LECO detector response is processed and displayed directly as the percentage of organic carbon (including graphitic carbon and organic matter). Sulfur and traces elements were measured by ICP-AES and ICP-MS methods following a four acids (perchloric; nitric; hydrofluoric; hydrochloric) digestion on a prepared 0.25 g sample (ALS Code ME-MS61).

Other News

Focus announces that its board of directors has approved an amendment to the Corporation’s stock option plan (the “Plan”) regarding the expiry of outstanding options held by an option holder who ceases to be an eligible person under the Plan (the “Date of Termination”). Currently, such options would expire on the earlier of the original expiry date or twelve (12) months following the Date of Termination, excluding options granted to persons performing investor relations activities which are subject to shorter expiry periods under the Plan. The amendment to the Plan provides the possibility for the Corporation to impose under any employment agreement, consulting agreement or any other type of agreement a shorter period under which options may continue to be exercisable by the option holder following the Date of Termination.

About Focus Graphite

Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. Focus is the owner of the Lac Knife graphite deposit located in the Côte-Nord region of northeastern Québec. The Lac Knife project hosts a NI 43-101 compliant Measured and Indicated mineral resource of 4.972 Mt grading 15.7% carbon as crystalline graphite with an additional Inferred mineral resource of 3.000 Mt grading 15.6% crystalline graphite (Source: Roche, 2012: Technical report on the Lac Knife graphite project; available at www.sedar.com). Focus’ goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. On October 29th, 2012 the Company released the results of a Preliminary Economic Analysis (“PEA”) of the Lac Knife project which demonstrates that the project has robust economics and excellent potential to become a profitable producer of graphite. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus Graphite is also investing in the development of graphene applications and patents through Grafoid Inc.

This press release has been reviewed by Marc-André Bernier, M.Sc., P.Geo. (Ontario and Québec), Technical Adviser and a Director of Focus, and a Qualified Person under National Instrument (NI) 43-101.

Forward Looking Statements – Disclaimer

This news release may contain forward looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com Focus Graphite disclaims any intention or obligation to revise or update such statements.

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

 

Mr. Gary Economo
President and Chief Executive Officer
613-691-1091, ext. 101
[email protected]
www.focusgraphite.com

Tags: , , , ,
Posted in Graphite | Comments Off on Focus Announces New Graphite Discovery at Lac Tetepisca Quebec

Lomiko Drills 4.77 Meters Of 10.80% Cg, 19.52 Meters Of 6.23% Cg and 39.80 Meters Of 3.71% at Quatre Milles East Flake Graphite Property

Posted by AGORACOM-JC at 2:01 PM on Tuesday, November 13th, 2012

Vancouver BC – LOMIKO METALS INC. (TSX-V:LMR, OTC:LMRMF, FSE:DH8B) (the “Company”) is pleased to report results for 17 of 23 drill holes completed at the Quatre Milles East Flake Graphite Property in Quebec.

The Company is very encouraged by Phase I results that continue to confirm wider zones than expected from over 10 holes with mineralization starting near surface.  The strike length is over 1.1 km long and open to extension.

“Quatre Milles is a viable mining prospect based on current results.  Multiple drill holes  with significant results bodes well for the concept of a near-surface, open pit scenario.  Phase II will require 50 additional holes to further test the property”, stated A. Paul Gill, CEO,Lomiko Metals Inc.

 

Highlights Drill Holes 7-23

-QM 12-10 4.50  m to 47.42 m     42.92 meters of    2.47 Cg%

including         5.46 meters of     8.02 Cg%

-QM 12-16 31.48  m to 51.00       19.52 meters of    6.23 Cg%

 

-QM 12-17 5.20  m to 37.73 m     32.53 meters of    2.89 Cg%

-QM 12-19 2.00  m to 43.30 m     41.30 meters of    2.73 Cg%

-QM 12-20 4.30  m to 44.75 m     40.45 meters of    2.83 Cg%

including           3.45 meters of  10.01 Cg%

-QM 12-21 1.35  m to 39.50 m     38.15 meters of    3.43 Cg%

including           4.77 meters of  10.80 Cg%

-QM 12-22 11.20m to 51.00 m     39.80 meters of    3.71 Cg%

including           9.90 meters of    8.81 Cg%

-QM 12-23 6.90 m to 50.10 m      43.20 meters of    3.71 Cg%

 

Highlights Drill Holes 1-6 (Released October 22, 2012)

-QM 12-04 5.00 m to 75.00 m  70.00 meters of   2.17 Cg%

including        12.50 meters of   4.58 Cg%

-QM 12-03 3.50 m to 54.62 m   51.12 meters of   1.48 Cg%

-QM 12-06 40.00 m to 71.50 m  31.50 meters of   1.94 Cg%

 

Please see the table below for detailed results.

 ------------------------------------------------------------------------
 |        |       |        |       |      |Mineralisation     |         |
 |----------------------------------------------------------------------|
 |Drill   |Easting|Northing|Azimuth|Dip(°)|From |To    |Length|Gp %     |
 |Hole #  |(UTM)  |(UTM)   |(°)    |      |(m)  |(m)   |along |         |
 |        |       |        |       |      |     |      |the   |         |
 |        |       |        |       |      |     |      |core  |         |
 |----------------------------------------------------------------------|
 |QM-12-07|496874 |5168653 |320    |-80   |53.00|60.50 |7.50  |1.96     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |53.00|57.50 |4.50  |2.38     |
 |----------------------------------------------------------------------|
 |QM-12-08|496727 |5168627 |320    |-80   |56.47|72.20 |15.73 |1.34     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |56.47|68.50 |12.03 |1.51     |
 |----------------------------------------------------------------------|
 |QM-12-09|496483 |5168198 |140    |-80   |4.00 |75.00 |71.00 |1.88     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |57.82|65.36 |7.54  |6.72     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |57.82|75.00 |17.18 |3.86     |
 |----------------------------------------------------------------------|
 |QM-12-10|496460 |5168123 |320    |-80   |4.50 |47.42 |42.92 |2.47     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |4.50 |13.18 |8.68  |6.18     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |4.50 |23.68 |19.18 |3.92     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |32.68|43.85 |11.17 |1.89     |
 |        |-------------------------------------------------------------|
 |        |       |        |       |      |59.05|90.00 |30.95 |3.00     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |64.67|70.13 |5.46  |8.02     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |64.67|81.12 |16.45 |4.43     |
 |----------------------------------------------------------------------|
 |QM-12-11|496423 |5168079 |320    |-80   |3.25 |55.60 |52.35 |1.74     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |9.25 |13.38 |4.13  |7.28     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |17.88|26.88 |9.00  |2.37     |
 |        |-------------------------------------------------------------|
 |        |       |        |       |      |61.00|89.50 |28.50 |1.90     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |61.00|79.00 |18.00 |2.32     |
 |----------------------------------------------------------------------|
 |QM-12-12|496349 |5168004 |320    |-80   |5.00 |68.90 |63.90 |1.53*    |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |5.00 |10.40 |5.40  |4.53     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |27.90|38.10 |10.20 |1.77     |
 |        |-------------------------------------------------------------|
 |        |       |        |       |      |94.30|102.00|7.70  |1.23     |
 |----------------------------------------------------------------------|
 |QM-12-13|496208 |5167922 |320    |-80   |2.50 |17.40 |14.90 |1.13     |
 |        |-------------------------------------------------------------|
 |        |       |        |       |      |68.90|75.00 |6.10  |2.57     |
 |----------------------------------------------------------------------|
 |QM-12-14|496105 |5167827 |320    |-80   |6.07 |11.25 |5.18  |5.43     |
 |        |-------------------------------------------------------------|
 |        |       |        |       |      |18.70|21.15 |2.45  |1.97     |
 |        |-------------------------------------------------------------|
 |        |       |        |       |      |50.95|55.45 |4.50  |1.28     |
 |        |-------------------------------------------------------------|
 |        |       |        |       |      |80.00|85.25 |5.25  |1.08     |
 |----------------------------------------------------------------------|
 |QM-12-15|496539 |5168342 |240    |-80   |3.60 |48.25 |44.65 |1.68     |
 |----------------------------------------------------------------------|
 |QM-12-16|496583 |5168306 |320    |-90   |2.10 |14.00 |11.90 |1.60     |
 |        |-------------------------------------------------------------|
 |        |       |        |       |      |31.48|51.00 |19.52 |6.23     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |32.47|42.98 |10.51 |9.66     |
 |----------------------------------------------------------------------|
 |QM-12-17|496667 |5168366 |140    |-80   |5.20 |37.73 |32.53 |2.89     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |31.20|37.73 |6.53  |6.57     |
 |        |-------------------------------------------------------------|
 |        |       |        |       |      |44.20|46.80 |2.60  |6.69     |
 |----------------------------------------------------------------------|
 |QM-12-18|496686 |5168327 |320    |-80   |2.20 |41.85 |39.65 |1.94**   |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |37.50|40.85 |3.35  |8.00     |
 |----------------------------------------------------------------------|
 |QM-12-19|496725 |5168323 |320    |-80   |2.00 |43.30 |41.30 |2.73***  |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |2.00 |4.90  |2.90  |9.87     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |13.20|19.20 |6.00  |3.14     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |38.00|43.30 |5.30  |4.53     |
 |----------------------------------------------------------------------|
 |QM-12-20|496779 |5168379 |320    |-80   |4.30 |44.75 |40.45 |2.83**** |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |4.30 |7.75  |3.45  |10.11    |
 |----------------------------------------------------------------------|
 |QM-12-21|496750 |5168350 |140    |-90   |1.35 |39.50 |38.15 |3.43     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |1.35 |6.12  |4.77  |10.80    |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |33.50|39.50 |6.00  |5.84     |
 |----------------------------------------------------------------------|
 |QM-12-22|496658 |5168292 |120    |-90   |11.20|51.00 |39.80 |3.71     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |11.95|21.85 |9.90  |8.81     |
 |----------------------------------------------------------------------|
 |QM-12-23|496549 |5168278 |120    |-90   |6.90 |50.10 |43.20 |3.95     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |6.90 |20.20 |13.30 |5.15     |
 |        |-------------------------------------------------------------|
 |        |INCLUDES:                      |31.20|43.10 |11.90 |6.31     |
 |----------------------------------------------------------------------|
 |* There was                                                      |    |
 |no sampling                                                      |    |
 |done from                                                        |    |
 |21.2m to                                                         |    |
 |22.55m and                                                       |    |
 |from 39.1m                                                       |    |
 |to 41.86m.                                                       |    |
 | Composite                                                       |    |
 |value was                                                        |    |
 |calculated                                                       |    |
 |with 0 value                                                     |    |
 |for these                                                        |    |
 |intervals.                                                       |    |
 |----------------------------------------------------------------------|
 |** There was                                                     |    |
 |no sampling                                                      |    |
 |done from                                                        |    |
 |11.56m to                                                        |    |
 |13.3m; from                                                      |    |
 |20.4m to 22.8m                                                   |    |
 |and from                                                         |    |
 |31.13m to                                                        |    |
 |32.75m.                                                          |    |
 | Composite                                                       |    |
 |value was                                                        |    |
 |calculated                                                       |    |
 |with 0 value                                                     |    |
 |for these                                                        |    |
 |intervals.                                                       |    |
 |----------------------------------------------------------------------|
 |*** There                                                        |    |
 |was no                                                           |    |
 |sampling                                                         |    |
 |done from                                                        |    |
 |5.9m to                                                          |    |
 |7.2m.                                                            |    |
 | Composite                                                       |    |
 |value was                                                        |    |
 |calculated                                                       |    |
 |with 0                                                           |    |
 |value for                                                        |    |
 |these                                                            |    |
 |intervals                                                        |    |
 |----------------------------------------------------------------------|
 |**** There                                                       |    |
 |was no                                                           |    |
 |sampling                                                         |    |
 |done from                                                        |    |
 |38.2m to                                                         |    |
 |40.75m.                                                          |    |
 | Composite                                                       |    |
 |value was                                                        |    |
 |calculated                                                       |    |
 |with 0                                                           |    |
 |value for                                                        |    |
 |these                                                            |    |
 |intervals                                                        |    |
 ------------------------------------------------------------------------

 

-Drill hole intervals reported herein are not true widths but reported along core.

-Drill hole intervals are weight-averaged based on the sample width.

-No internal cut-off grades were used in the reported intervals.

 

Acme Metallurgical Limited of British Columbia conducted analysis

 

-100 gram samples were dried for pulverizing.

-5 grams of the pulverized pulp was then leached with hydrochloric acid

-Leach residue was roasted at 450 degrees Celsius and 1200 degrees Celsius.

-Weights were measured between double ignitions.

 

Quality Control and Assurance Procedure

 

-Duplicate and internal standard samples were taken every tenth sample

-If any duplicate or standard results exceeded 95% confidence limit, the entire ten sample batch was repeated.

 

The previous drilling by Graphicor at Quatre Milles East indicated a near-surface, road-accessible target, which was intersected by multiple drill holes during historic drilling. The available information has been complied into a NI 43-101 report, which will be the template for describing a resource if the drilling program is successful. It is available at:

http://www.lomiko.com/properties/quatre.html

 

Graphite Facts

 

-Natural graphite comes in several forms: flake, vein, amorphous and lump.

 

-Southwestern Quebec is host to some of the most favourable geological terrain for graphite exploration in Canada and is known to host graphite resources, including the nearby Lac Des Iles Mine operated by Timcal.

 

-Graphite has many important new applications such as lithium-ion batteries, fuel cells, and nuclear and solar power that have the potential to create significant incremental demand growth.

 

-There is roughly 20 times more graphite by weight needed to produce a lithium-ion battery than there is lithium.

 

-Of the 1.2 million tonnes of graphite produced annually, approximately 40 per cent is of the most desirable flake type.

 

High-growth, high-value graphite applications require large-flake and high-purity graphite, which is the prime exploration and development target at the Quatre Milles East Property.

 

Lomiko’s Quatre Milles East Graphite Property

 

The Quatre Milles East Property is road accessible and is located approximately 175 km northwest of Montreal and 17 km due north of the village of Sainte-Veronique, Quebec. The property consists of 28 contiguous claims totaling approximately 1,600 hectares.

 

The property was originally staked and explored by Graphicor in the summer of 1989 based on the results of a regional helicopter-borne EM survey. The underlying geology consists of intercalated biotite gneiss, biotite feldspar gneiss, marble, quartzite and calc-silicate lithologies of the Central Metasedimentary Belt of the Grenville Province.

 

Historical Highlights

 

Graphicor completed reconnaissance mapping and prospecting as well as ground geophysics and a 26 hole diamond drill program totaling 1,625 metres. The work identified several conductive trends in the central portion of the property and at least three, relatively flat lying graphitic beds. Three surface samples were collected and analyzed returning results of 14.16% Cgf, 18.06% Cgf and 20.35% Cgf. 23 of the initial 26 drill holes intersected graphite concentrations with graphite concentration in range of 4.69% in hole Q90-1 to a highlight of 8.07% Cgf over 28.60 metres in hole Q90-7. The highest individual assay was reported in hole Q90-10 reporting 15.48% Cgf over 0.50 metres. A table of results from the 43-101 indicates:

 ------------------------------------------
 |HOLE NO.|FROM(M)|TO(M)|WIDTH (M)|GRADE  |
 |        |       |     |         |(% CGP)|
 |----------------------------------------|
 |Q90-1   |8.94   |10.46|1.52     |7.33   |
 |----------------------------------------|
 |Q90-2   |28.68  |30.13|1.45     |10.38  |
 |----------------------------------------|
 |Q90-3   |16.23  |17.84|1.61     |4.09   |
 |----------------------------------------|
 |Q90-4   |9.4    |14.1 |4.7      |3.95   |
 |----------------------------------------|
 |Q90-5   |2      |3.90 |1.90     |2.07   |
 |----------------------------------------|
 |Q90-5   |22.13  |23.25|1.12     |10.52  |
 |----------------------------------------|
 |Q90-6   |32.54  |41.19|8.65     |8.07   |
 |----------------------------------------|
 |Q90-6   |43.47  |44.05|0.98     |3.87   |
 |----------------------------------------|
 |Q90-7   |3.94   |32.54|28.60    |8.07   |
 |----------------------------------------|
 |Q90-8   |1.54   |2.16 |0.62     |14.89  |
 |----------------------------------------|
 |Q90-8   |5.23   |8.05 |2.82     |7.45   |
 |----------------------------------------|
 |Q90-9   |2.05   |3.10 |1.05     |8.47   |
 |----------------------------------------|
 |Q90-9   |5.76   |6.8  |1.04     |10.86  |
 |----------------------------------------|
 |Q90-10  |2.14   |5.54 |3.40     |8.02   |
 |----------------------------------------|
 |Q90-10  |7.03   |7.61 |0.58     |10.59  |
 |----------------------------------------|
 |Q90-10  |8.53   |9.03 |0.50     |15.48  |
 |----------------------------------------|
 |Q90-10  |9.27   |11.24|1.97     |12.37  |
 |----------------------------------------|
 |Q90-10  |14.16  |15.46|1.30     |4.26   |
 |----------------------------------------|
 |Q90-11  |26.82  |34.02|7.20     |4.63   |
 |----------------------------------------|
 |Q90-12  |0.94   |8.53 |7.59     |8.60   |
 |----------------------------------------|
 |Q90-12  |38.16  |43.61|5.45     |3.79   |
 |----------------------------------------|
 |Q90-13  |0.69   |10.28|9.59     |4.64   |
 |----------------------------------------|
 |Q90-13  |40.95  |43.14|2.19     |3.82   |
 |----------------------------------------|
 |Q90-14  |5.56   |7.22 |1.66     |8.12   |
 |----------------------------------------|
 |Q90-15  |2.21   |5.59 |3.38     |9.76   |
 |----------------------------------------|
 |Q90-16  |       |     |         |NSV    |
 |----------------------------------------|
 |Q90-17  |15.48  |18.63|3.15     |8.11   |
 |----------------------------------------|
 |Q90-17  |21.43  |23.67|2.24     |13.29  |
 |----------------------------------------|
 |Q90-17  |36.77  |47.97|11.20    |5.88   |
 |----------------------------------------|
 |Q90-17  |57.15  |58.21|1.06     |9.53   |
 |----------------------------------------|
 |Q90-17  |59.54  |69.82|10.28    |5.99   |
 |----------------------------------------|
 |Q90-18  |10.68  |12.90|2.22     |8.12   |
 |----------------------------------------|
 |Q90-19  |47.80  |49.25|1.45     |9.16   |
 |----------------------------------------|
 |Q90-19  |50.42  |58.49|8.07     |5.72   |
 |----------------------------------------|
 |Q90-20  |13.51  |16.98|3.47     |5.81   |
 |----------------------------------------|
 |Q90-21  |2.80   |4.98 |2.18     |5.56   |
 |----------------------------------------|
 |Q90-22  |17.37  |20.04|2.67     |2.58   |
 |----------------------------------------|
 |Q90-23  |       |     |         |NSV    |
 |----------------------------------------|
 |Q90-24  |1.78   |4.14 |2.36     |3.77   |
 |----------------------------------------|
 |Q90-24  |12.32  |13.09|0.77     |4.20   |
 |----------------------------------------|
 |Q90-24  |16.86  |18.66|1.80     |4.96   |
 |----------------------------------------|
 |Q90-25  |19.69  |21.24|1.55     |3.67   |
 |----------------------------------------|
 |Q90-25  |25.27  |26.65|1.38     |9.66   |
 |----------------------------------------|
 |Q90-26  |       |     |         |NSV    |
 ------------------------------------------

The Company cautions that it has not had the chance to verify the quality and accuracy of the historic sampling and drilling results reported in this news release, . The historic figures were generated from sources believed to be reliable, however, they have not been confirmed. Although the sampling and drilling results are relevant, they have not been verified.

Graphite Market

 

-The price for flake graphite is $ 2000-$3000 per tonne depending on flake size and grade.

 

-Graphite prices have been increasing prices for large flake, high purity graphite (+80 mesh, 94-97%C).

 

-Graphite prices have almost tripled since 2005 due to the ongoing industrialization of China, India and other emerging economies and resultant strong demand from traditional steel and automotive markets.

 

-Demand for graphite is expected to rise as electric vehicles and lithium battery technology are adopted, nuclear reactors are built in China, and if fuel cells and graphene patents become products.

 

-China, which produces about 70 per cent of the world’s graphite, is seeing production and export growth leveling, and export taxes and a licensing system have been instituted.

 

-Europe and the USA have both indicated graphite is of economic importance and has a supply risk (Critical Raw Materials for the EU, July 2010).

 

Jean-Sebastien Lavallée (OGQ #773), geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

 

For more information, 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.

Tags: , , , ,
Posted in Graphite | Comments Off on Lomiko Drills 4.77 Meters Of 10.80% Cg, 19.52 Meters Of 6.23% Cg and 39.80 Meters Of 3.71% at Quatre Milles East Flake Graphite Property

Graphite still the one to watch – Chris Berry

Posted by AGORACOM-JC at 5:02 PM on Thursday, November 8th, 2012

Chris Berry is not only unconcerned with graphite’s price softness-he’s even more confident in his long-term “super cycle” thesis than he was previously. An interview with The Critical Metals Report.

Author: The Critical Metals Report
Posted: Wednesday , 07 Nov 2012

TORONTO (The Critical Metals Report) –

The Critical Metals Report: Chris, you have been watching the graphite space for a long time. Prices shot up at the end of 2011 to as much as $2,700/tonne, but have come down since. What is behind this volatility and where could prices go from here?

Chris Berry: We need to remember that graphite is an industrial mineral. As such, it is subject to the vagaries of global growth. We’ve seen a softening of GDP growth in many countries throughout the world, notably in China. This, more than anything, has pushed graphite prices down. While graphite prices are high by some historical measures, the recent decrease is a welcome sign and adds validity to our long-term super cycle thesis supporting higher commodity prices-though not indefinitely higher and not in a linear fashion.

I am reading a book called “The $10 Trillion Dollar Prize” that attempts to predict the size of the consumer market in China and India by 2020. The book states that a Chinese citizen born in 2009 will consume 38 times as many goods as his or her grandparents. In India, a child born in 2009 will consume 13 times as many goods as his or her grandparents. Though this is only a prediction, it is evidence of the long-term super cycle in that those people born today are more cognizant of life’s possibilities and will aspire to a higher quality of life-implying steady commodity demand. Graphite is used in roughly 180 different products and its ubiquity is an indication to me that more graphite of all types will be needed on world markets in the future. While graphite prices have fallen, they have not fallen as far or as fast as other commodities such as iron ore or coal.

We believe that the decrease in graphite prices has been overdone somewhat and has bottomed. While the fall in graphite pricing is no doubt due to an uncertain macroeconomic environment, we view this as temporary and still believe that graphite (flake graphite, in particular) is a tight market with room for a small number of new producers in coming years.

TCMR: What role does China play in the graphite market? Is the country’s dominance as pronounced as it is in the rare earth market?

CB: China is not as dominant in graphite as it is in rare earths. The main difference is that a downstream supply chain for graphite end products exists outside of China-this is not the case for rare earths. Nonetheless, governments throughout the world have labeled graphite as a critical material because China controls up to 80% of natural graphite production. China’s role as a global engine of growth, commodity demand and commodity supply can’t be understated. China’s consolidation of amorphous graphite mines (from 230 down to 20, according to Industrial Minerals) in the name of minimizing environmental impact will no doubt curtail amorphous supply, with the goal of ensuring domestic resources serve domestic needs first and international needs second.

TCMR: What if rumors of China’s growth curve taking a dive are correct? What will that mean for graphite prices?

CB: We are acutely aware that the Chinese growth engine is slowing (as measured by declining GDP) and are of the opinion that the looming supply consolidation within China outweighs any softening of demand in the near term.

It is important to remember that a commodity like graphite has multiple avenues of demand. This is one of the reasons we like it so much. With the forecast growth in next-generation technologies (batteries) underpinned by steady demand from current day uses (steel) and sweeping consolidation among the largest global producer of graphite, we would submit graphite is a sound investment over the long term.

TCMR: It looks like there is a lot of competition in the space. Your junior mining graphite index shows 69 companies managing 150 projects in 13 countries. How many can be profitable?

CB: It is much too early to tell how many can be profitable. Of those 69 companies, only six have NI 43-101- or JORC-compliant resource estimates. Of those six, only two have any sort of advanced study completed, such as a preliminary economic assessment, and only one has a bankable feasibility study completed. We would need to know much more about the size and composition of a company’s deposit and the potential economics before we undertake a valuation exercise and start making estimates of profitability.

A graphite company will only be profitable if it has agreements with end users to sell its product to. It’s important to remember that the graphite business is one that rests on long-term relationships where end users and graphite producers negotiate price based on a specific end product. It could take time for junior companies breaking into the graphite market to establish these relationships. I think this will be a challenging hurdle for any graphite junior exploration company to navigate-though not insurmountable.

With respect to the index, on an equal-weighted basis, its overall returns have increased by 49.8% year to date. Much of these gains have come from the “bubble” in graphite exploration interest earlier this year. The index is actually down by -7.59% over the last six months. The market cap-weighted returns don’t differ that much from the equal-weighted returns, and this tells us that the companies with the largest market capitalizations are responsible for much of the price movement in the index.

TCMR: Any advice for investors looking to get into the graphite market?

CB: Many people ask me if graphite is still the “one to watch,” or if it has had its day in the sun. My response is that graphite, due to its many unique properties, will remain the “one to watch” for some time. It’s true that there was a huge run up in graphite exploration company share prices earlier in the 2012 with a resulting collapse, much the same as we saw with rare earths and lithium shares. I think this clouded graphite’s true importance and significance in the workings of the global economy. Graphite’s strength is in its ubiquity in current-day and future uses. Despite the fact that global steel demand is stagnant, the battery business is exhibiting strong growth. There are also huge sums of money going into materials science research surrounding battery technology and graphene. A breakthrough here could unleash major changes in how we generate and store electricity or fortify infrastructure.

The next 12-18 months will be an exciting time to watch the graphite space. Several graphite junior mining companies will be releasing studies of their deposits or maiden resource estimates soon, which I think will aid in valuation on a relative basis. While the near-term outlook for many industrial minerals is somewhat uncertain, investors can profit over the longer term in graphite by finding those companies with the right blend of pertinent management experience, high-quality deposits (both grade and tonnage) and locations in reliable political jurisdictions.

TCMR: Thank you for sharing your insights, Chris.

CB: You are welcome.

Chris Berry, with a lifelong interest in geopolitics and the financial issues that emerge from these relationships, founded House Mountain Partners in 2010. The firm focuses on the evolving geopolitical relationship between emerging and developed economies, the commodity space and junior mining and resource stocks positioned to benefit from this phenomenon. Berry holds an MBA in finance with an international focus from Fordham University, and a bachelor’s degree in international studies from The Virginia Military Institute.

Source: http://www.mineweb.com/mineweb/view/mineweb/en/page103855?oid=161509&sn=Detail

Tags: , , , ,
Posted in Graphite | Comments Off on Graphite still the one to watch – Chris Berry

Northern Graphite Successfully Scales Up Graphite Purification Process

Posted by AGORACOM-JC at 9:19 AM on Thursday, November 8th, 2012

Bench Scale Tests Produce 99.99% Cg Spherical Graphite

OTTAWA, ONTARIO–(Nov. 8, 2012) – Northern Graphite Corporation (TSX VENTURE:NGC)(OTCQX:NGPHF) is pleased to announce that ongoing metallurgical testing by Hazen Research has succeeded in purifying spherical graphite from the Bissett Creek deposit up to 99.99% graphitic carbon (“Cg”) and large flake graphite to 99.83% Cg. These bench scale tests are the first step in demonstrating that the laboratory process developed by Northern can be scaled to commercial levels.

Hazen Research’s initial mandate was to test the laboratory process developed by Northern’s research partner in Canada, on bench scale models of commercial units. The trials were highly successful in purifying spherical graphite to levels ranging from 99.93% Cg to 99.99% Cg. The requirements of battery manufacturers vary in particle size and purity with the latter specification usually being in the 99.9 to 99.95% Cg range. Large flake graphite was purified to levels ranging from 99.73 to 99.83%Cg with further improvements possible.

The next steps will be to further scale up the process in a Pilot Plant test that will enable Hazen to define operating parameters at a commercial level and to estimate capital and operating costs. As part of this process, Northern and Hazen are presently working with an equipment manufacturer to identify the matching full scale commercial unit that can be modified to suit the process requirements. The ultimate objective is to define a purification process that works not only with spherical graphite for battery use, but also flake graphite and micronized flake graphite for other applications requiring high purity.

Spherical graphite is used to make the anodes in Li ion batteries and is manufactured from the flake concentrate produced by graphite mining operations. Almost all natural spherical graphite is currently produced in China and purified using strong acids which results in large volumes of acidic and toxic waste. Thermal purification at temperatures as high as 2400 degrees C can be used but it is expensive in terms of capital and operating costs. The proprietary purification technology developed by Northern and its metallurgical research partners is much more environmentally friendly than the Chinese approach and operates at significantly lower temperatures than traditional thermal methods. It also involves relatively low retention times in the furnace and will likely be a continuous rather than a batch process. As a result, costs should be significantly lower.

Hazen Research is currently purifying larger quantities of spherical graphite to provide potential strategic partners in the battery industry with samples made from Bissett Creek ore that has been processed using Northern’s commercial mill flow sheet and purified in an environmentally sustainable manner. It has already been successfully tested in batteries at the National Research Council of Canada.

Gregory Bowes, Chief Executive Officer, stated that: “The purification process and the production of spherical graphite are part of the Company’s strategy to create value for shareholders by doing value added and downstream processing in addition to being a mine operator.”

The Graphite Market

Graphite demand and prices have increased substantially over the past few years due to the ongoing modernization of China and other emerging economies which has resulted in strong demand from traditional steel and automotive markets. In addition, Li ion batteries and other new applications such as vanadium redox batteries, fuel cells and nuclear power have the potential to create significant incremental demand growth.

China currently produces over 70% of the world’s graphite and an export tax and a licensing system have been instituted to restrict exports and encourage value added processing in China. Recently, the Chinese government proposed a new set of rules and standards for graphite mines which will make them much more difficult to operate and build. These proposals follow calls for REE type protection and quotas from Chinese producers, and the formation of a state owned amorphous graphite monopoly that has acquired and is consolidating 210 amorphous graphite mines down to 20 and reducing production capacity from 600,000 to 510,000 tonnes per year. No new graphite mines were built during the recent economic cycle and the supply situation will become more acute as Chinese restrictions increase and economies recover. Both the European Union and the United States have declared graphite a supply critical mineral.

Northern files revised Technical Report on SEDAR for TSX-V Tier 1 Graduation Application

Northern also announces that in connection with its application to graduate to Tier 1 of the TSX Venture Exchange (“TSX-V”), it has filed a revised technical report on SEDAR with respect to the bankable feasibility study for its 100% owned Bissett Creek graphite deposit. The revised technical report has been filed to correct minor deficiencies in the original report, filed on SEDAR on August 24, 2012, which were identified by the TSX-V in its review of the report in connection with Northern’s graduation application. There have been no material changes to the bankable feasibility study or the technical report. Northern’s application to graduate to Tier 1 of the TSX-V remains subject to review and approval by the TSX-V.

Northern Graphite Corporation

Northern Graphite Corporation is a Canadian company that has a 100% interest in the Bissett Creek graphite deposit located in eastern Ontario and is well positioned to benefit from the favorable supply/demand outlook for graphite. Northern is the only graphite company to have completed a bankable Feasibility Study and has a large flake, high purity, scalable deposit that is located close to infrastructure with very competitive operating costs. Additional information is available under the Company’s profile on SEDAR at www.sedar.com and on the Company’s website at www.northerngraphite.com.

Hazen Research

Hazen Research, Inc. was organized in 1961 to provide process research and development services to the extractive metallurgy and chemical industries. Hazen has assembled an experienced and competent staff supported by the laboratory and pilot plant facilities necessary to apply the most appropriate technology to the industrial, commercial, and environmental challenges of their clients.

Don Baxter, P.Eng, President of the Company and a “Qualified Person” under 43-101, is responsible for and has reviewed and approved the technical content of this press release.

This press release contains forward-looking statements, which can be identified by the use of statements that include words such as “could”, “potential”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “likely”, “will” or other similar words or phrases. These statements are only current predictions and are subject to known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from those anticipated by the forward-looking statements. The Company does not intend, and does not assume any obligation, to update forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.

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

Northern Graphite Corporation
Gregory Bowes
CEO
(613) 241-9959

Northern Graphite Corporation
Don Baxter P.Eng
President
(705) 789-9706
www.northerngraphite.com

Tags: , , , ,
Posted in Graphite | Comments Off on Northern Graphite Successfully Scales Up Graphite Purification Process

Beyond Pencils and Green Technology: The Best Graphite Stocks (NGC, SGH, GPH, CHGI, GTI & GRPH)

Posted by AGORACOM-JC at 9:53 AM on Tuesday, November 6th, 2012

Graphite is an increasingly important technology component with graphite mining stocks including Northern Graphite Corp (NGC), Standard Graphite Corp (SGH), Graphite One Resources (GPH), China Carbon Graphite Group (CHGI) and Graphite Corp (GRPH) plus GrafTech International (GTI).

Nov 6, 2012 1:33:42 AM PST

Most investors are probably unfamiliar with graphite, a popular choice for electrodes because of its electric conductivity, in part because most of the publicly traded graphite stocks like Northern Graphite Corp (CVE: NGC), Standard Graphite Corp (CVE: SGH) and Graphite One Resources (CVE: GPH) trade on Canadian exchanges but there are a options for US investors, including China Carbon Graphite Group (PINK: CHGI), GrafTech International Ltd (NYSE: GTI) and Graphite Corp (PINK: GRPH). So why should investors be interested in graphite and hence, graphite stocks?

What is Graphite?

First a bit of history: Back in in 1789, the material known as graphite was named “graphite,” a derivative from an ancient Greek word meaning “to draw/write,” because it was already being used in pencils. In fact, most pencil “lead” is actually ground up graphite. Today, graphite is mostly used for batteries, brake linings, expanded graphite, foundry facings, lubricants, refractories and steelmaking. However, the real and potentially “unlimited” (up to a certain point) growth for graphite comes from potential new uses in the form of green initiatives like electric cars, fuel cells, lithium ion batteries (Note: There is 10 times more graphite than lithium in lithium-ion batteries plus it takes 30-40 times more graphite to make these batteries thanks to losses during processing), nuclear energy, solar energy and semiconductors. Likewise, the rise of China, Brazil, India and other emerging markets is creating strong demand for traditional graphite uses e.g. steel making and the automotive industry.

natural-graphite-uses.jpg

In addition, its worth noting that China produces around 70% of the world’s graphite but production and export growth there is leveling off, costs are rising and quality is falling. Hence, new sources of graphite will need to be developed – meaning there are opportunities for North American based mining stocks.

Price Range for +80 mesh, 94-97%C graphite (US$/tonne)

historical-prices.jpg

Canada Listed Graphite Stocks

Among the many small Canadian graphite stocks, the following are worth mentioning briefly as they also trade on the OTC:

Northern Graphite Corp (CVE: NGC). Also trading on the OTCBB under the symbol “NGPHF,” Northern Graphite Corp’s principal asset is the Bissett Creek graphite project that is located 100km east of North Bay, Ontario and 15km from the Trans Canada highway. Northern Graphite Corp believes it will be in a position to begin construction of the mine sometime in early 2013 but those plans will be subject to the availability of financing. On Monday, Northern Graphite Corp rose 1.27% to C$0.80 (NGC has a 52 week trading range of C$0.74 to C$3.47 a share) for a market cap of C$37.50 million plus the stock is down 14.9% since the start of the year and down 30.4% since April 2011 according to Google Finance.

Chart forNORTHERN GRAPHITE CORPORATION (NGC.V)

Standard Graphite Corp (CVE: SGH). Positioning itself as North America’s premier pure-play graphite exploration company that also trades on the OTC under the symbol “NGPHF,” Standard Graphite Corp controls a 100% interest in 12 prospective graphite properties within known graphite districts in both Quebec and Ontario. Standard Graphite Corp is currently undertaking an exploration plan and intends to soon commence construction on its Bissett Creek Mine, subject to financing. On Monday, Standard Graphite Corp closed at C$0.180 (SGH has a 52 week trading range of C$0.16 to C$1.07 a share) for a market cap of $3.99 million plus the stock is down 45.45% since last January.

Chart forSTANDARD GRAPHITE CORPORATION (SGH.V)

Graphite One Resources (CVE: GPH). Also trading on the OTCQX under the symbol “GPHOF,” Graphite One Resources is a mineral exploration company focused on its Graphite Creek Property located on the Seward Peninsula of Alaska. According to Graphite One Resources, the property offers significant potential for the discovery and development of a large-flake, high-grade graphite mineralization exposed at surface – meaning an open pit mine can be used. Graphite One Resources plans to advance Graphite Creek to a NI 43-101 compliant resource in 2013. On Monday, Graphite One Resources rose 3.03% to C$0.170 (GPH has a trading range of C$0.06 to C$0.40 a share) for a market cap of C$14.59 million plus the stock is up 54.5% since the start of the year and down 62.2% over the past five years.

Chart forGRAPHITE ONE RESOURCES INC (GPH.V)

US Listed Graphite Stocks

The few pure US listed graphite stocks that investors should be aware of include the following:

China Carbon Graphite Group (PINK: CHGI). Founded in 1986 as a state-owned carbon and graphite manufacturer and restructured in 2002 as a private enterprise. China Carbon Graphite Group is one of China’s leading wholesale suppliers of fine grain and high purity graphite and it’s a top overall producer of carbon and graphite products. There is not too much written about China Carbon Graphite Group but for what its worth given it’s a Chinese company, the company does issue regular earnings reports with the last one noting the ramp up of its higher margin business. On Friday (the last day CHGI traded), China Carbon Graphite Group fell 9.8% to $0.460 (CHGI has a 52 week trading range of $0.32 to $1.26 a share) for a market cap of $11.15 million plus the stock is up 2.2% since the start of the year and down 22.5% over the past five years according to Yahoo! Finance.

Chart forChina Carbon Graphite Group, Inc. (CHGI)

GrafTech International (NYSE: GTI). A world leader in graphite material science with more than 125 years of experience in the carbon and graphite industry, GrafTech International products are used in a variety of applications in various industries, including metal production, electronics, chemicals, aerospace and transportation. The last time GrafTech International reported earnings, shares soared because they beat expectations although revenue and net income both fell. Likewise, GrafTech International’s sales for its core industrial-materials business fell 14% but the smaller engineered-solutions segment (e.g. consumer products) rose 41%. In addition, GrafTech International’s bottom line had surged 46% in the second quarter thanks to higher prices for its graphite electrodes and needle coke. On Monday, GrafTech International rose 0.38% to $10.63 (GTI has a 52 week trading range of $8.45 to $17.69 a share) for a market cap of $1.43 billion plus the stock is down 22.1% since the start of the year and down 39.7% over the past five years.

Graphite Corp (PINK: GRPH). An exploration stage company focused on the evaluation, acquisition and development of domestic graphite mining opportunities, Graphite Corp believes the best alternate source of flake graphite is located in Alabama along with Montana. Hence, Graphite Corp is an investor’s best bet for a pure play graphite stock whose source of graphite is safely located in the USA should there be an interruption with supplies of graphite from China. Moreover, Graphite Corp has completed a total of $750,000 worth of equity financings to fund the acquisitions of its properties in Alabama and Montana and to begin initial work programs while budgets and exploration plans are being developed with work to beginning this quarter. Hence, Graphite Corp is a graphite stock investors should be watching. On Monday, Graphite Corp fell 2.56% to $0.760 (GRPH has a 52 week trading range of $0.20 to $1.05 a share) for a market cap $18.01 million plus the stock is down about 5% since last October.

Chart forGraphite Corp. (GRPH)

The Bottom Line. Irrespective of the economy, graphite will only meaning investors at least need to keep an eye on graphite stocks like Northern Graphite Corp, Standard Graphite Corp, Graphite One Resources, China Carbon Graphite Group, GrafTech International and Graphite Corp.

Source: http://www.smallcapnetwork.com/Beyond-Pencils-and-Green-Technology-The-Best-Graphite-Stocks-NGC-SGH-GPH-CHGI-GTI-GRPH/s/via/3414/article/view/p/mid/1/id/1046/

Tags: , , , , ,
Posted in Graphite | Comments Off on Beyond Pencils and Green Technology: The Best Graphite Stocks (NGC, SGH, GPH, CHGI, GTI & GRPH)

Gary Economo Talks Focus Graphite’s Lac Knife Graphite PEA

Posted by AGORACOM-JC at 12:34 PM on Friday, November 2nd, 2012

Focus Graphite Inc V.FMS announced October 29 a preliminary economic assessment of its Lac Knife Graphite Project in Quebec. The PEA forecasts a mine life of 20 years with overall production of six million tonnes of mill feed grading 15.66% Cgr (carbon in graphite or graphitic carbon) with average graphite recovery of 91.3%. Life-of-mine production of 92% Cgr will be 928,000 tonnes at $435 per tonne. Thermal purification will enable the upgrade of approximately 40% of primary concentrate to 99.99% Cgr with inherent purification losses of 15%.

Based on per-tonne prices of $10,000 for battery grade (>99.95% Cgr, +100 mesh), $1,300 for medium grade (>90% Cgr, -100+200 mesh) and $800 for fine grade (>80% Cgr, -200 mesh), the pretax net present value (NPV) is $246 million (at a 10% discount rate); the pretax internal rate of return (IRR) is 32%; pretax undiscounted cashflow is $926 million; total net revenue is $3.7 billion; the pretax payback period is 2.8 years; and the initial CAPEX is $154 million with a 25% contingency.

President/CEO Gary Economo was interviewed by Kevin Michael Grace October 29.

RW: In your press release, you say that this is a great day for the Canadian graphite industry. Can you expand on that?

GE: Canadian graphite producers have been producing about only 20,000 tonnes a year, which is a very small percentage of world demand. I think having a graphite deposit that can potentially go into production in two to three years at the quality and volume that Lac Knife can produce will start to put Canada on the map as a major supplier of high-quality graphite.

RW: What do you consider the high points of your PEA?

GE: It’s a 32% pretax IRR, which is a very good number. The NPV is $246 million, again a nice number. The payback on this is about 2.8 years, and overall it’s a fairly easily financeable capital cost of $154 million. Our cost per tonne is $435, and we would sell that for $1,300 to $1,500. We’re able to keep those costs really low due to the fact that we have some of the best grades in the world. So it’s a very special deposit we have our hands on. We’ll be one of the highest-grade, lowest-cost producers of graphite in the world.

RW: How do you expect to fund the CAPEX?

GE: There are three different ways that we’ve been working on. Equity, convertible debt and some debt. And some of our offtake partners will be putting up deposits.

RW: Simon Moores says that how a company plans to process graphite and get it to the market will make or break it. How are you going to process it and get it to the market?

GE: We’ll be using fairly standard processing techniques, which will include crushing and flotation. That’s our plan, for the time being. We’re also working on some other technologies to enhance the quality of the carbon content in the ore before we actually put it through the flotation circuit. That will continue to reduce our costs on a per-tonne basis.

RW: Your press release talks about purification to 99.99%. How do you accomplish this, and what is the significance?

Advertisement

GE: There are a number of high-tech applications that use an extremely high-purity graphite mixture, such as the anodes for lithium-ion batteries. We have a licensing agreement with Hydro-Québec for technology to purify the material to 99.99%, but that is not part of this PEA. That will come later. In the meantime, a third-party company will thermally purify this material for us on a toll basis.

RW: You are also taking measures to reduce the environmental footprint of the project?

GE: The upfront process will reduce the amount of chemicals generated.

RW: Over the last year, graphite-company share prices have been quite inconsistent. How do you see the prospects for graphite in the near future?

GE: The market got a little bit excited by the electrification of the transportation industry and the numbers and projections being thrown around for graphite usage in that sector. This enthusiasm drove some pricing to places where maybe it shouldn’t have been. But the price of graphite has stabilized at a level that really makes sense for the industry. Companies that have good grades and can profit from existing price levels should do extremely well.

There will be less graphite produced in China, which should drive prices higher. But with deposits like ours coming onstream in a few years, I think we’ll offset that shortage. Graphite-demand growth should remain fairly stable at 8% to 10% per year.

RW: What is your path to production?

GE: Right now, the most important thing for us is to finish off all our permitting and get our offtake agreements signed and publicized. That will drive financing for this project. We expect to be able to do that within the next 24 months.

RW: How much cash do you have? What is your burn rate?

GE: We have approximately $20 million in cash, and we burn about $220,000 a month.

RW: Can you talk briefly about your other projects?

GE: We have a rare-earth project in Quebec we own 50/50 with SOQUEM called Kwyjibo.

RW: Is that a Simpsons joke?

GE: That’s where the name came from, yes.

RW: And your other one is in Brazil?

GE: No, the other one is actually in the Labrador Trough and it is an IOCG-type deposit [iron oxide copper gold ore]. The one you’re referring to in Brazil is the Canindé graphite project. We’re just finalizing an agreement with Lara Exploration V.LRA to acquire 60% of that.

RW: Where do you see your company in two years?

GE: We’ll have spun out or divested anything that is not graphite related. Hopefully, if the permitting gods in Quebec work to the schedules that we believe they can, we’ll be in production at Lac Knife, and we’ll have our facility set up in Quebec to produce high-purity graphite.

Source: http://business.financialpost.com/2012/11/01/gary-economo-talks-focus-graphites-lac-knife-graphite-pea/

Tags: , , ,
Posted in Graphite | Comments Off on Gary Economo Talks Focus Graphite’s Lac Knife Graphite PEA

Focus Graphite Retains Terrapex Environnement to Assist With Federal and Provincial Project Permitting for Lac Knife

Posted by AGORACOM-JC at 4:46 PM on Thursday, November 1st, 2012

OTTAWA, ONTARIO–(Nov. 1, 2012) – Focus Graphite Inc. (“Focus” or the “Company”) (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) announces it has retained the services of Québec-based Terrapex Environnement Ltd. (“TERRAPEX”) to assist the Company in obtaining the required federal, provincial and municipal permits and authorisation to develop the Lac Knife graphite project (“Lac Knife” or the “Project”) towards the goal of full commercial production. The Lac Knife project is located in the Côte-Nord region of northeastern Québec, 27 km south-southwest of the iron-mining town of Fermont.

The decision to commence permitting procedures follows one of the recommendations set forth in the Preliminary Economic Assessment (“PEA”) of the Lac Knife project, the results of which were announced by the Company on October 29th, 2012. The PEA which was prepared by Roscoe Postle Associates Inc. (“RPA”), in collaboration with Soutex Inc., demonstrates that the Lac Knife project has robust economics and an excellent potential to become a profitable producer of graphite. The PEA is available on the Company’s Website at www.focusgraphite.com and on SEDAR at www.sedar.com.

Québec mine permitting process

The mine permitting process in Québec comprises of various Federal, Provincial and municipal authorizations for mine pre-development, permitting (Mining Lease application and mine closure plans per the requirements of the Québec Mining Act), road construction, mine construction, ore processing, camp installation and other considerations all of which lead to a request to the Ministère du Développement Durable, de l’Environnement, de la Faune et des Parcs du Québec (“MDDEFP”) for a Global Project Authorisation or Certificat d’Autorisation (“CA”) for the Project, per the requirements of the Québec Environmental Quality Act. Terrapex’ mandate is to provide strategic and technical support to Focus at all government and municipal regulatory levels, and for all of the permits and authorisations required to advance the Lac Knife graphite project towards commercial production. To this end, Terrapex has already prepared a baseline regulatory framework for the Project which outlines all of the procedures the Company must follow in order to comply with applicable regulations and obtain the CA for the project.

As part of the permitting process, Focus has undertaken environmental auditing and baseline studies, advanced metallurgical testing, mine tailings and waste rocks characterisation and archeology and biodiversity studies which will lead to a full environmental and social impact study to be completed by year-end in 2013.

Gary Economo, President and CEO of Focus Graphite, stated, “The hiring of Terrapex to assist Focus in its endeavours to obtain all regulatory approvals for Lac Knife together with the start of environmental and social impact studies are further evidence of our commitment to expedite the development of the Project towards our goal of full commercial graphite production”.

About Terrapex Environnement Ltd.

Founded in 1995, TERRAPEX (www.terrapex.ca) is a leading provider of specialised environmental and earth sciences services to the Québec mining industry, federal and provincial government agencies and municipal authorities. Active throughout Québec with offices in Brossard, Québec City, and Richmond and with a team of 50 professionals, TERRAPEX has completed over 7,000 projects to date spanning the fields of geology, mineral exploration, geotechnical engineering, hydrogeology, biological and environmental studies, site decontamination and agronomy.

About Focus Graphite

Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. Focus is the owner of the Lac Knife graphite deposit located in the Côte-Nord region of northeastern Québec. The Lac Knife project hosts a NI 43-101 compliant Measured and Indicated mineral resource of 4.972 Mt grading 15.7% carbon as crystalline graphite with an additional Inferred mineral resource of 3.000 Mt grading 15.6% crystalline graphite. Focus’ goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. On October 29th, 2012 the Company released the results of a Preliminary Economic Analysis (“PEA”) of the Lac Knife project which demonstrates that the project has robust economics and excellent potential to become a profitable producer of graphite. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus Graphite is also investing in the development of graphene applications and patents through Grafoid Inc.

This press release has been reviewed by Marc-André Bernier, M.Sc., P.Geo. (Ontario and Québec), Technical Adviser and a Director of Focus, and a Qualified Person under National Instrument (NI) 43-101.

Forward Looking Statements – Disclaimer

This news release may contain forward looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com Focus Graphite disclaims any intention or obligation to revise or update such statements.

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

Mr. Gary Economo
President and Chief Executive Officer
613-691-1091, ext. 101
[email protected]
www.focusgraphite.com

Tags: , , , ,
Posted in Graphite | Comments Off on Focus Graphite Retains Terrapex Environnement to Assist With Federal and Provincial Project Permitting for Lac Knife

Lomiko to Present Graphite Discovery to German Investors at the International Precious Metals and Commodities Show in Munich, Germany

Posted by AGORACOM-JC at 8:46 AM on Thursday, November 1st, 2012

Vancouver BC – LOMIKO METALS INC. (TSX-V:LMR, OTC:LMRMF, FSE:DH8B) (the “Company”) will attend and present to investors at the Internationale Edelmetall & Rohstoffmesse (International Precious Metals and Commodities Show) located in Olympiapark, Munich, Germany November 2-3, 2012.

Lomiko Advsior Dietmar Siebholz and the German representative for GATA will begiving presentations on graphene and graphite juniors and will be joined by A. Paul Gill, CEO of Lomiko for a part of the presentation on graphite juniors.

Lomiko will also be an exhibitor at the show and representatives of the company will be meeting retail and institutional investors at Booth 2.46 to discuss the first drill results from Quatre Milles East.

The Company is very encouraged by these first results that confirm wider zones than expected from current drilling than historical results with mineralization starting near surface. This bodes well for the concept of an open pit scenario.

Highlights

-QM 12-04 5.00 m to 75.00 m – 70.00 meters of 2.17 Cg%

including 12.50 meters of 4.58 Cg%

-QM 12-03 3.50 m to 54.62 m – 51.12 meters of 1.48 Cg%

-QM 12-06 40.00 m to 71.50 m 31.50 meters of 1.94 Cg%

Also, these wider zones contain some areas with higher grade graphite. Please see the table below for detail results.

 ----------------------------------------------------------------
 |        |       |        |       |   |Mineralization    |     |
 |--------------------------------------------------------------|
 |Drill   |Easting|Northing|Azimuth|Dip|From |To   |Length|Cg % |
 |Hole #  |(UTM)  |(UTM)   |(°)    |(°)|(m)  |(m)  |along |     |
 |        |       |        |       |   |     |     |the   |     |
 |        |       |        |       |   |     |     |core  |     |
 |--------------------------------------------------------------|
 |QM-12-01|496666 |5168535 |140    |-80|41.88|44.13|2.25  |1.35 |
 |        |-----------------------------------------------------|
 |        |       |        |       |   |66.40|69.40|3.00  |2.23 |
 |--------------------------------------------------------------|
 |QM-12-02|496628 |5168430 |140    |-80|14.00|20.00|6.00  |2.19 |
 |        |-----------------------------------------------------|
 |        |INCLUDES:                   |15.50|18.50|3.00  |2.85 |
 |        |-----------------------------------------------------|
 |        |       |        |       |   |23.00|30.50|7.50  |1.50 |
 |        |-----------------------------------------------------|
 |        |       |        |       |   |52.60|58.00|5.40  |1.44 |
 |--------------------------------------------------------------|
 |QM-12-03|496532 |5168403 |140    |-80|3.50 |54.62|51.12 |     |
 |*       |       |        |       |   |     |     |      |1.48*|
 |        |-----------------------------------------------------|
 |        |INCLUDES:                   |3.50 |14.90|11.40 |1.34 |
 |        |-----------------------------------------------------|
 |        |INCLUDES:                   |22.10|36.40|14.30 |1.51 |
 |        |-----------------------------------------------------|
 |        |INCLUDES:                   |39.12|54.62|15.50 |2.39 |
 |--------------------------------------------------------------|
 |QM-12-04|496511 |5168143 |140    |-80|5.00 |75.00|70.00 |2.17 |
 |        |-----------------------------------------------------|
 |        |       |        |       |   |10.40|27.40|17.00 |3.78 |
 |        |-----------------------------------------------------|
 |        |       |        |       |   |31.90|47.55|15.65 |2.01 |
 |        |-----------------------------------------------------|
 |        |       |        |       |   |53.90|75.00|21.10 |2.19 |
 |        |-----------------------------------------------------|
 |        |       |        |       |   |10.40|75.00|64.60 |2.28 |
 |        |-----------------------------------------------------|
 |        |INCLUDES:                   |13.40|25.90|12.50 |4.58 |
 |        |-----------------------------------------------------|
 |        |INCLUDES:                   |31.90|47.55|15.65 |2.01 |
 |        |-----------------------------------------------------|
 |        |INCLUDES:                   |53.90|75.00|21.10 |2.19 |
 |--------------------------------------------------------------|
 |QM-12-05|496861 |5168485 |340    |-80|3.65 |10.15|6.50  |2.19 |
 |        |-----------------------------------------------------|
 |        |       |        |       |   |57.00|60.17|3.17  |2.49 |
 |        |-----------------------------------------------------|
 |        |       |        |       |   |63.00|66.00|3.00  |1.54 |
 |--------------------------------------------------------------|
 |QM-12-06|496929 |5168569 |320    |-80|40.00|71.50|31.50 |1.94 |
 |        |-----------------------------------------------------|
 |        |INCLUDES:                   |40.00|56.50|16.50 |2.67 |
 |        |-----------------------------------------------------|
 |        |INCLUDES:                   |40.00|67.00|27.00 |2.11 |
 ----------------------------------------------------------------

* There was no sampling done from 15.9m to 21.10m and from 37.4m to 38.12m. Composite value was calculated with 0 value for these intervals

-Drill hole intervals reported herein are not true widths but reported along core.

-Drill hole intervals are weight-averaged based on the sample width.

-No internal cut-off grades were used in the reported intervals.

Acme Metallurgical Limited of British Columbia conducted analysis

-Whole coarse sample dried and crushed to 2 mm and homogenized.

-100 grams aliquot (sub-sample) split out and pulverized.

-5 grams of the pulverized pulp was then leached with dilute hydrochloric acid

-Leach residue is roasted at 450 degrees Celsius and 1200 degrees Celsius.

-Weights were measured between double ignitions.

Quality Control and Assurance Procedure

-Duplicate and internal standard samples were taken every tenth sample

-If any duplicate or standard results exceeded95% confidence limit, the entire ten sample batch was repeated.

The previous drilling by Graphicor at Quatre Milles East indicated a near-surface, road-accessible target which was intersected by multiple drill holes during historic, non-NI 43-101 compliant drilling. The available information has been complied into a NI 43-101 report which will be the template for describing a resource if the drilling program is successful. It is available at:

http://www.lomiko.com/properties/quatre.html

Graphite Facts

-Natural graphite comes in several forms: flake, vein, amorphous and lump.

-Southwestern Quebec is host to some of the most favourable geological terrain for graphite exploration in Canada and is known to host graphite resources, including the nearby Lac Des Iles Mine operated by Timcal.

-Graphite has many important new applications such as lithium-ion batteries, fuel cells, and nuclear and solar power that have the potential to create significant incremental demand growth.

-There is roughly 20-30 times more graphite by weight needed to produce a lithium-ion battery than there is lithium.

-Of the 1.2 million tonnes of graphite produced annually, approximately 40 per cent is of the most desirable flake type.

High-growth, high-value graphite applications require large-flake and high-purity graphite which is the prime exploration and development target at the Quatre Milles East Property.

Lomiko’s Quatre Milles East Graphite Property

The Quatre Milles East Property is road accessible and is located approximately 175 km northwest of Montreal and 17 km due north of the village of Sainte-Veronique, Quebec. The property consists of 28 contiguous claims totaling approximately 1,600 hectares.

The property was originally staked and explored by Graphicor in the summer of 1989 based on the results of a regional helicopter-borne EM survey. The underlying geology consists of intercalated biotite gneiss, biotite feldspar gneiss, marble, quartzite and calc-silicate lithologies of the Central Metasedimentary Belt of the Grenville Province.

Historical Highlights

Graphicor completed reconnaissance mapping and prospecting as well as ground geophysics and a 26 hole diamond drill program totaling 1,625 metres. The work identified several conductive trends in the central portion of the property and at least three, relatively flat lying graphitic beds. Three surface samples were collected and analyzed returning results of 14.16% Cgf, 18.06% Cgf and 20.35% Cgf. 23 of the initial 26 drill holes intersected graphite concentrations with graphite concentration in range of 4.69% in hole Q90-1 to a highlight of 8.07% Cgf over 28.60 metres in hole Q90-7. The highest individual assay was reported in hole Q90-10 reporting 15.48% Cgf over 0.50 metres. A table of results from the 43-101 indicates:

 ------------------------------------------
 |HOLE NO.|FROM(M)|TO(M)|WIDTH (M)|GRADE  |
 |        |       |     |         |(% CGP)|
 |----------------------------------------|
 |Q90-1   |8.94   |10.46|1.52     |7.33   |
 |----------------------------------------|
 |Q90-2   |28.68  |30.13|1.45     |10.38  |
 |----------------------------------------|
 |Q90-3   |16.23  |17.84|1.61     |4.09   |
 |----------------------------------------|
 |Q90-4   |9.4    |14.1 |4.7      |3.95   |
 |----------------------------------------|
 |Q90-5   |2      |3.90 |1.90     |2.07   |
 |----------------------------------------|
 |Q90-5   |22.13  |23.25|1.12     |10.52  |
 |----------------------------------------|
 |Q90-6   |32.54  |41.19|8.65     |8.07   |
 |----------------------------------------|
 |Q90-6   |43.47  |44.05|0.98     |3.87   |
 |----------------------------------------|
 |Q90-7   |3.94   |32.54|28.60    |8.07   |
 |----------------------------------------|
 |Q90-8   |1.54   |2.16 |0.62     |14.89  |
 |----------------------------------------|
 |Q90-8   |5.23   |8.05 |2.82     |7.45   |
 |----------------------------------------|
 |Q90-9   |2.05   |3.10 |1.05     |8.47   |
 |----------------------------------------|
 |Q90-9   |5.76   |6.8  |1.04     |10.86  |
 |----------------------------------------|
 |Q90-10  |2.14   |5.54 |3.40     |8.02   |
 |----------------------------------------|
 |Q90-10  |7.03   |7.61 |0.58     |10.59  |
 |----------------------------------------|
 |Q90-10  |8.53   |9.03 |0.50     |15.48  |
 |----------------------------------------|
 |Q90-10  |9.27   |11.24|1.97     |12.37  |
 |----------------------------------------|
 |Q90-10  |14.16  |15.46|1.30     |4.26   |
 |----------------------------------------|
 |Q90-11  |26.82  |34.02|7.20     |4.63   |
 |----------------------------------------|
 |Q90-12  |0.94   |8.53 |7.59     |8.60   |
 |----------------------------------------|
 |Q90-12  |38.16  |43.61|5.45     |3.79   |
 |----------------------------------------|
 |Q90-13  |0.69   |10.28|9.59     |4.64   |
 |----------------------------------------|
 |Q90-13  |40.95  |43.14|2.19     |3.82   |
 |----------------------------------------|
 |Q90-14  |5.56   |7.22 |1.66     |8.12   |
 |----------------------------------------|
 |Q90-15  |2.21   |5.59 |3.38     |9.76   |
 |----------------------------------------|
 |Q90-16  |       |     |         |NSV    |
 |----------------------------------------|
 |Q90-17  |15.48  |18.63|3.15     |8.11   |
 |----------------------------------------|
 |Q90-17  |21.43  |23.67|2.24     |13.29  |
 |----------------------------------------|
 |Q90-17  |36.77  |47.97|11.20    |5.88   |
 |----------------------------------------|
 |Q90-17  |57.15  |58.21|1.06     |9.53   |
 |----------------------------------------|
 |Q90-17  |59.54  |69.82|10.28    |5.99   |
 |----------------------------------------|
 |Q90-18  |10.68  |12.90|2.22     |8.12   |
 |----------------------------------------|
 |Q90-19  |47.80  |49.25|1.45     |9.16   |
 |----------------------------------------|
 |Q90-19  |50.42  |58.49|8.07     |5.72   |
 |----------------------------------------|
 |Q90-20  |13.51  |16.98|3.47     |5.81   |
 |----------------------------------------|
 |Q90-21  |2.80   |4.98 |2.18     |5.56   |
 |----------------------------------------|
 |Q90-22  |17.37  |20.04|2.67     |2.58   |
 |----------------------------------------|
 |Q90-23  |       |     |         |NSV    |
 |----------------------------------------|
 |Q90-24  |1.78   |4.14 |2.36     |3.77   |
 |----------------------------------------|
 |Q90-24  |12.32  |13.09|0.77     |4.20   |
 |----------------------------------------|
 |Q90-24  |16.86  |18.66|1.80     |4.96   |
 |----------------------------------------|
 |Q90-25  |19.69  |21.24|1.55     |3.67   |
 |----------------------------------------|
 |Q90-25  |25.27  |26.65|1.38     |9.66   |
 |----------------------------------------|
 |Q90-26  |       |     |         |NSV    |
 ------------------------------------------

The Company cautions that it has not had the chance to verify the quality and accuracy of the historic sampling and drilling results reported in this news release which predate the introduction of NI 43-101 and cautions readers not to rely upon them. The historic figures were generated from sources believed to be reliable, however, they have not been confirmed. Although the sampling and drilling results are relevant, they have not been verified.

Graphite Market

-The price for flake graphite is $ 2000-$3000 per tonne depending on flake size and grade.

-Graphite prices have been increasing in recent months and over the last couple of years prices for large flake, high purity graphite (+80 mesh, 94-97%C) have more than doubled.

-Graphite prices have almost tripled since 2005 due to the ongoing industrialization of China, India and other emerging economies and resultant strong demand from traditional steel and automotive markets.

-Demand for graphite is expected to rise as electric vehicles and lithium battery technology are adopted, nuclear reactors are built in China, and if fuel cells and 5rapheme patents become products.

-China, which produces about 70 per cent of the world’s graphite, is seeing production and export growth leveling, and export taxes and a licensing system have been instituted.

-Europe and the USA have both indicated graphite is of economic importance and has a supply risk (Critical Raw Materials for the EU, July 2010).

Jean-Sebastien Lavallée (OGQ #773), geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

For more information, 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.

Tags: , , , ,
Posted in Graphite | Comments Off on Lomiko to Present Graphite Discovery to German Investors at the International Precious Metals and Commodities Show in Munich, Germany

Canadian Platinum Announces Large Flake Results on Graphite Samples from Brabrant Property

Posted by AGORACOM-JC at 11:20 AM on Wednesday, October 31st, 2012

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Canadian Platinum Corp. (“CPC” or the “Company”) (TSX VENTURE:CPC) is pleased to announce the completion of flake size analysis of graphitic carbon from the samples taken from the Brabrant Property. The Brabrant Property consists of 5 mineral claims totaling 20,874 ha in the Brabant Lake area of Saskatchewan which cover several zones of graphite mineralization. The property lies south of Saskatchewan Highway 905 and is crossed by the Sask Power Hydroelectric line that extends from Island Falls to Rabbit Lake.

The initial prospecting program identified 3 zones of graphite mineralization in the north, west and southeast areas of Brabant Lake with graphite grades ranging from 1.08% to 44.5% (see CPC News Release September 10, 2012,
http://www.canadianplatinumcorp.com/investor/newsreleases/news_release091012.html). The most significant results from the preliminary prospecting and geological evaluation of the property are the Ben showing with grades ranging from 11.2% to 44.5% graphite in meta-sedimentary gneiss.

Further analyses of the samples were undertaken at the SRC Geoanalytical Laboratory in Saskatoon in order to establish the flake graphite content of each size fraction. Each sample was separated into the +0.5mm, +0.3mm, +0.18mm and -0.18 after which the samples were subjected to an HCl leach, ignited at 550 degrees C and the residue analyzed in a LECO SC144DR c/S Analyzer in order to establish the percentage of graphitic carbon in each size fraction. Analysis of the coarse size fractions (+0.5 and +0.3 mm) indicates that much of the graphite is in the coarse size fractions (Table 1). The results of these analyses are given in Table 1.

Table 1
Sample Number Fraction Weight gms Mesh Size (ASTM-E11 No.) C Wt % Org C Wt % Graphite Wt % Comments
589103 (+0.5mm) 2683.7 +35 20 0.92 19.2 Ben Showing
589103 (+0.3mm) 0.9 +50 12.9 N/A 11.5
589103 (+0.18mm) 319.7 +80 19.2 0.24 17.1
589103 (-0.18mm) 477.5 -80 15.9 0.85 13.8
688101 (+0.5mm) 665.2 +35 1.35 0.11 1.23 North Brabant Lake
688101 (+0.3mm) 413 +50 3.07 0.12 2.87
688101 (+0.18mm) 419.5 +80 2.93 0.39 2.54
688101 (-0.18mm) 505.3 -80 1.62 0.13 1.49
688102 (+0.5mm) 586.1 +35 2 0.08 1.92 North Brabant Lake
688102 (+0.3mm) 255.4 +50 3.49 0.07 3.32
688102 (+0.18mm) 238 +80 4.34 0.35 3.92
688102 (-0.18mm) 559.5 -80 4.41 2.21 2.12
688105 (+0.5mm) 498.2 +35 2.36 0.75 1.61 North Brabant Lake
688105 (+0.3mm) 185.1 +50 2.07 0.32 1.66
688105 (+0.18mm) 164 +80 2.6 0.27 2.33
688105 (-0.18mm) 435.5 -80 1.94 0.24 1.69
688111 (+0.5mm) 595.1 +35 1.9 0.22 1.68 North Brabant Lake
688111 (+0.3mm) 167.7 +50 3.87 0.02 3.49
688111 (+0.18mm) 134.9 +80 4.14 0.09 4.01
688111 (-0.18mm) 335.4 -80 2.01 0.02 1.87
688112 (+0.5mm) 682.6 +35 50.9 3.93 45.5 Ben Showing
688112 (+0.3mm) 101.9 +50 50.7 0.62 47.8
688112 (+0.18mm) 70.3 +80 50.7 3.38 46.6
688112 (-0.18mm) 139.6 -80 43.1 0.95 40.2
688113 (+0.5mm) 408.6 +35 47.7 3.57 43.5 Ben Showing
688113 (+0.3mm) 64.1 +50 40.4 3.54 37.8
688113 (+0.18mm) 44.2 +80 36.1 1.72 33.4
688113 (-0.18mm) 90.9 -80 30.3 1.51 27.8
688114 (+0.5mm) 1582.6 +35 52.3 3.63 45.6 Ben Showing
688114 (+0.3mm) 270 +50 52.5 3.56 48.4
688114 (+0.18mm) 194.4 +80 50.9 4.23 45.8
688114 (-0.18mm) 444.3 -80 44.1 1.38 43
688115 (+0.5mm) 1237.4 +35 11.9 0.52 11.2 Ben Showing
688115 (+0.3mm) 497.3 +50 16.9 1.62 14.7
688115 (+0.18mm) 290.1 +80 11.2 0.81 10.1
688115 (-0.18mm) 444.3 -80 6.9 1.02 6.42
688116 (+0.5mm) 830.3 +35 0.98 0.47 0.92 West Shore Brabant Lake
688116 (+0.3mm) 452.1 +50 0.62 0.15 0.35
688116 (+0.18mm) 391.2 +80 0.63 0.08 0.52
688116 (-0.18mm) 689.1 -80 0.45 0.21 0.16

The current value of each of these size fractions is given in Table 2:

Table 2
Crystalline Graphite Prices ( “Industrial Minerals Magazine” October 2012)
Crystalline Graphite
FCL CIF main European port,
Medium, 85-87% C, +100-80 mesh $ 1000-1300
Fine, 90%C, -100 mesh $ 900-1100
Medium flake 90% C, +100-80 mesh $ 1150-1450
Large flake, 90% C, +80 mesh $ 1400-2000
Fine, 94-97% C, -100 mesh $ 1150-1450
Medium, 94-97% C, +100-80 mesh $ 1100-1700
Large flake 94-97% C, +80 mesh CIF $ 1300-1800

Mr. Todd Montgomery, President and CEO of the Company commenting on the results said, “This analysis indicates to us that our samples are composed of exciting graphite values and that it is primarily high value, large flake material. We look forward to further exploring the property.” Plans to further delineate the extent of the graphitic zones of the Brabrant Property include a VLF and magnetic geophysical survey expected to commence in mid November and a diamond core drill program planned for early 2013.

John G. Pearson, P.Geo, a Qualified Person under NI 43-101, has reviewed and approved the technical disclosure of this press release on behalf of the Company.

Canadian Platinum Corp. is a Calgary, Alberta based corporation engaged in the exploration of platinum group and base metals in Canada.

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Certain statements contained herein constitute forward-looking statements. Such forward-looking statements are subject to both known and unknown risks and uncertainties which may cause the actual results, performances or achievements of the Corporation to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. The forward-looking statements included in this press release are made as of the date of this release and except as required by law, the Corporation does not undertake any obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release may contain statements within the meaning of safe harbour provisions as defined under United States Securities Laws and Regulations. The above statements are based on the current expectations and beliefs of the management of Canadian Platinum and are subject to a number of risks and uncertainties that may cause the actual results to differ materially from those described above.

Neither the TSX Venture Exchange nor its Regulation Services Provide (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

 

Canadian Platinum Corp.
Steve McGuire
Investor Relations
1-416-306-2496
1-416-369-0515 (FAX)
[email protected]
www.canadianplatinumcorp.com

Tags: , , , ,
Posted in Graphite | Comments Off on Canadian Platinum Announces Large Flake Results on Graphite Samples from Brabrant Property

« Older Entries
Newer Entries »