
Spectra Foods CRFA 2013 Bakers Contest and Survey

The company completed the previously announced helicopter-borne VTEM – Electromagnetic Survey of its Deep Bay East Graphite property located within north eastern Saskatchewan.
Preliminary data from the VTEM survey has highlighted a strong conductive horizon associated with the known graphite mineralization at Deep Bay East, and extending well beyond the known limits of the historic mineralization. Based upon the preliminary survey data, the historic conductor was confirmed at approximately 2.5 km strike length. A second conductor, approximately 2 km in length, was identified. Based on its orientation and regional mapping, the new conductor likely represents a structural repetition (folding) of the mineralized Deep Bay East horizon, and thus represents a high-priority exploration target.
Historic exploration of the Deep Bay East Property, confirmed potential for near surface, large flake, high-purity graphite deposit(s) as a result of surface trenching, mapping, and EM Ground Survey(s) and four diamond drill holes over a 1,600 metre east – northeast tending conductor. This highly conductive zone, first identified in the 1970’s, was confirmed by the recent VTEM survey. Some of the historic results include:
DB-1: 22.9 metres averaging 4.02% C beginning at a depth of only 10.7 metres;
DB-2: 35.1 metre interval of 8.58% C
DB-3: 13.1 metres averaging 8.97% C at depth of 7.32 metres and 9.06% C from 60.96 metres to 71.63 metres (10.67 m).
Approximately 15 kilometres to the west of the Deep Bay East property, the Deep Bay Graphite Mine is currently being advanced toward production. The geology and grades of the Deep Bay East Project appear similar to the Deep Bay mine’s deposit.
Hub on AGORACOM / Corporate Website
Strike Graphite is an AGORACOM Sponsor
The $TSXV had another strong week. I was definitely looking for a correction, but that has yet to materialize – we may just rock ‘n’ roll into PDAC. I remain confident that the good issuers will prevail and the cream will rise in addition to certain hot sectors like Graphite and precious metals that will bring volume in. I am also keeping a close eye on Uranium and some interesting biotech issues.
There are a few points that I noticed this week that stood out:
Here is where the $STXV stands going into Monday morning:
I’d like to see some larger trading ranges and divergence added to the MACD but I will take the levitation. I want to see that ADX continue to rise and would love to see more volume in this market.
By the way has anyone else been hearing about Zinc? Is it just me or it starting to make noise again?
Fission Energy ($FIS.CA) has been doing quite nicely lately with positive news hitting the wire for the last few weeks. They have increased their exploration budget, staked more ground and announced Three Step-Out Holes with “Off-Scale” Radioactivity.
Uranium has been under pressure since the Japanese distater last April but recovering nicely as of late with names across the board putting up nice gains.
I mentionned $FIS.CA a few weeks ago with good reason, here’s the chart… looks sexy!
David Coffin, one half of the dynamic duo behind Hard Rock Advisories, has passed away suddenly.  Please find enclosed a brief note issued by his brother Eric, who clearly demonstrates how much love and friendship these brothers share for each other. Our condolences to the Coffin family.
The Hardest Thing I’ve Ever Written February 17th, 2011
It is with great shock and incredible sadness that I inform you of the passing of my brother, David Coffin. David died suddenly on February 16th, 2012. David would have appreciated the irony of me trying to sum up his life so soon after he did such a wonderful job of summing up our father’s. I only hope I can do some justice to David’s eloquence one day soon, though I know I won’t be able to. I’ll save a full obituary for another day.
HRA will continue but not right away. I need to be there for our mother and the rest of our family and my family and help deal with David’s affairs. For that reason I will not be publishing anything for at least 2-3 weeks. I will extend everyone’s subscription by two months to cover whatever service interruption will occur. I am making calls to close friends. I know that some of you will want to call, but I would appreciate it if you could contact me by email for the time being as I will be with our mother. David and I both loved our jobs and loved getting to know so many of you. Dave would want me to continue so that is what I plan to do. I would want him to do the same if the situation was reversed.
I’m sure many of you can appreciate that this is very hard for me right now. I’ve just lost both my brother and my best friend. When I have details of David’s service worked out I will send them around. Likewise, several of David’s friends have talked about arranging some sort of memorial get together for him. That probably won’t happen for a few weeks but, again, once details are set I will send those along as well. Thank you again for your understanding and for being our readers and our friends.
Regards for now – Eric
I though we were going to see  sell off into the end of the week as per my risk off post, but it looks like the equity markets are going to push higher and the $TSXV is going to challenge that 1,673 high – caveat: beware of a double top here and that November high. That being said, I remain relatively hesitant to take new speculative long positions but will re-enter into names I know, those that I believe offer a good value proposition. The overall volume on the $TSXV is in decline but we did start this rally on less. Again, ultimately I think 2012 will be a great year, but I would like to see a correction from the  post Xmas rally we have been seeing.
Here is where the $TSXV stands on the daily:
Here is the weekly view…. We need more volume flowing into this market to keep marching forward but this looks very promising for the rest of the year.