Agoracom Blog Home

Posts Tagged ‘#graphitestocks’

« Older Entries
Newer Entries »

Rock Tech Samples 22% Graphite at Lochaber Project in Quebec

Posted by AGORACOM-JC at 5:11 PM on Thursday, September 13th, 2012

Vancouver, British Columbia, Canada, September 13, 2012 – Rock Tech Lithium Inc. (TSX-Venture: RCK; Frankfurt: RJIA; Pink Sheets: RCKTF) (the “Company” or “Rock Tech”) is pleased to announce the results of surface grab samples taken from its Lochaber graphite property in Quebec, Canada.  The results demonstrate the presence of graphite mineralization with grades up to 22% graphite.

In May 2012, a total of eleven (11) surface samples were collected from various outcrops and boulders as part of a due diligence property visit by the Company’s geological team.  The majority of the samples were collected from the historical graphite occurrences, past producing mines and other areas of past exploration work.  The surface samples were submitted to Techni-Lab Abitibi Inc., a branch of Activation Laboratories Ltd., and were tested by using the following analytical packages: Code 5D, analyzing C-Graphite (infrared) where the sample is subjected to a multistage furnace treatment to remove all forms of carbon with the exception of graphitic carbon; and C-Total (infrared), a procedure that determines the most volatile organic carbon species.

Company President and CEO, Eunho Lee, commented, “We are pleased with the results of the grab samples as they confirm the presence of graphite mineralization on our Lochaber project.”

Analytical results are presented in the following table:

 -------------------------------------------------------
 |             |Location        |           |          |
 |             |                |           |          |
 |             | (NAD 83,       |           |          |
 |             |Zone 18)        |           |          |
 |-----------------------------------------------------|
 |Sample Number|Easting|Northing|Sample Type|% Graphite|
 |-----------------------------------------------------|
 |             |       |        |           |          |
 |-----------------------------------------------------|
 |Kelly 12-01  |475686 |5060020 |Grab       |16.70%    |
 |-----------------------------------------------------|
 |McLaren 12-01|475468 |5059405 |Grab       |3.01%     |
 |-----------------------------------------------------|
 |Burke 12-01  |475844 |5060590 |Grab       |20.70%    |
 |-----------------------------------------------------|
 |Burke 12-02  |475844 |5060590 |Grab       |10.40%    |
 |-----------------------------------------------------|
 |Burke 12-03  |475855 |5060588 |Grab       |22.00%    |
 |-----------------------------------------------------|
 |Burke 12-04  |475855 |5060568 |Grab       |16.60%    |
 |-----------------------------------------------------|
 |Plum 12-01   |475196 |5055367 |Grab       |0.75%     |
 |-----------------------------------------------------|
 |Plum 12-02   |475285 |5055390 |Grab       |10.30%    |
 |-----------------------------------------------------|
 |Plum 12-03   |475289 |5055397 |Grab       |4.91%     |
 |-----------------------------------------------------|
 |Plum 12-04   |475387 |5055475 |Grab       |13.60%    |
 |-----------------------------------------------------|
 |Plum 12-05   |474986 |5055433 |Grab       |1.11%     |
 -------------------------------------------------------

The technical information contained in this news release has been reviewed by Afzaal Pirzada, P.Geo., Vice President, Exploration of the Company and a qualified person as defined by NI 43-101.

On behalf of the Board of Directors,

“Eunho Lee”

Eunho Lee

Director, President and CEO

For more information, please contact:

Eunho Lee

Rock Tech Lithium Inc.

789 West Pender Street, Suite 1205

Vancouver, B.C., V6C 1H2

Telephone:  (604) 688-1140

Facsimile:  (604) 688-1173

Email: [email protected]

Disclaimer and Cautionary Statement Regarding Forward-Looking Information

Neither the 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 press release.  This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements.  Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions.  Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements.  Forward-looking statements are based on estimates and opinions of management at the date the statements are made.  The Company does not undertake any obligation to update forward-looking statements even if circumstances or management’s estimates or opinions should change.  Investors should not place undue reliance on forward-looking statements.

Tags: , , , ,
Posted in Graphite | Comments Off on Rock Tech Samples 22% Graphite at Lochaber Project in Quebec

Galaxy Graphite Corp. Completes Phase I at Brownell LK, SK, Commences Phase II on Encouraging Results

Posted by AGORACOM-JC at 9:33 AM on Thursday, September 13th, 2012

VANCOUVER, BRITISH COLUMBIA–(Sept. 13, 2012) – Galaxy Graphite Corp. (TSX VENTURE:GXY) (the “Company” or “Galaxy”) is pleased to announce that very encouraging sample results have been received for the Phase I program on its Brownell Lake, SK gold project. After a preliminary review of those results, a second phase of field work is now underway.

The Phase I program consisted of detailed mapping and sampling (soils and outcrops), as well as ground geophysics (VLF/magnetometer). Samples were taken on a 50×50 meter grid. A preliminary review of those results is very encouraging with a substantial number of high grade samples. From 135 rock samples, 7 returned values in excess of 10 g/t Au, including one above the upper detection limit of 100 g/t Au. A total of 560 soil samples were taken, of which 20 exceeded 100 ppb Au. Of those 20, two exceeded 1000 ppb (1 g/t).

The areas investigated in this first phase included potential extensions of the previously worked Olsen Lake showing, as well as several other prospective areas of the property.

A detailed review of the results has not yet been completed, but the preliminary review indicated that they were of sufficient interest to embark immediately on a second phase of work, which will include channel sampling across the more significant zones. The purpose of this work is to determine the extents of the zones identified by the Phase I program.

The Brownell Lake property is located in the Brownell Lake Greenstone Belt, within the Glennie Domain, and lies approximately 100 km east of La Ronge, SK.

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.

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

  • Galaxy Graphite Corp.
    (604) 921-1810
    (604) 921-1898 (FAX)

     

Tags: , , , ,
Posted in Graphite | Comments Off on Galaxy Graphite Corp. Completes Phase I at Brownell LK, SK, Commences Phase II on Encouraging Results

Graphite One Drills 47.0M of 6.02% and 166.62M of 4.01% Graphite

Posted by AGORACOM-JC at 5:02 PM on Wednesday, September 12th, 2012

September 12, 2012 – Calgary, Alberta – Graphite One Resources Inc. (GPH: TSX-V, GPHOF: OTCQX) (“Graphite One” or the “Company”) is pleased to announce drill results for its Graphite Creek Property. Graphite One has verified that the 16km long EM conductor is directly related to wide scale, high-grade and large-flake graphite mineralization.

Hole GCH001: 128.0 metres of 3.79% including 47.0 metres of 6.02%, and 18.0 metres of 6.1% graphite

Hole 12GC007: 166.62 metres of 4.01% including 30.62 metres of 7.01% and 25.77 metres of 8.14% graphite

“The results from this year’s program continue to be exciting as they show us the continuity of this high grade, large flake graphite ore body. We drilled over 2.2km of strike length, which is only 14% of the total strike length identified by our airborne electromagnetic survey. And it’s important to understand that this doesn’t include the newly discovered Araujo and South Zones,” stated Anthony Huston, President and Director for Graphite One Resources. “This year’s results continue to demonstrate the significant size and quality potential for this ore body.”

Analytical results from diamond drill holes 12GCH001, 002 and 003 and 12GC006 and 007 have been received. The results further confirm that graphite mineralization exposed at surface extends to vertical depths of over 200 metres (see drill hole map attached; see Table below). All drill holes will be used to produce a NI 43-101 compliant graphite resource, anticipated in Q1 2013.

 ------------------------------------------------------------------
 |Drill Hole |Azimuth |Dip|Depth        |Intersection (m)|Graphite|
 |           |        |   |             |                |(% Cg)* |
 |           |--------|   |------|
 |           |From (m)|   |To (m)|
 |----------------------------------------------------------------|
 |12GCH001   |160     |-50|7.0   |135.0 |128.0           |3.79%   |
 |----------------------------------------------------------------|
 |……including|        |   |7.0   |54.0  |47.0            |6.02%   |
 |----------------------------------------------------------------|
 |……including|        |   |72.0  |90.0  |18.0            |6.1%    |
 |----------------------------------------------------------------|
 |12GCH002   |160     |-50|3.93  |124.0 |120.07          |3.95%   |
 |----------------------------------------------------------------|
 |……including|        |   |3.93  |37.0  |33.07           |6.09%   |
 |----------------------------------------------------------------|
 |……including|        |   |9.0   |29.0  |20.0            |7.95%   |
 |----------------------------------------------------------------|
 |……including|        |   |57.06 |100.87|43.81           |5.31%   |
 |----------------------------------------------------------------|
 |12GCH003   |160     |-50|3.94  |169.77|165.83          |2.96%   |
 |----------------------------------------------------------------|
 |……including|        |   |3.94  |33.25 |29.31           |8.0%    |
 |----------------------------------------------------------------|
 |……including|        |   |3.94  |21.0  |17.06           |11.07%  |
 |----------------------------------------------------------------|
 |……including|        |   |63.0  |101.95|38.95           |4.09%   |
 |----------------------------------------------------------------|
 |12GC006    |160     |-50|13.97 |211.0 |197.03          |2.21%   |
 |----------------------------------------------------------------|
 |……including|        |   |13.97 |70.0  |56.03           |3.69%   |
 |----------------------------------------------------------------|
 |……including|        |   |33.0  |53.0  |20.0            |5.08%   |
 |----------------------------------------------------------------|
 |12GC007    |160     |-50|59.38 |226.0 |166.62          |4.01%   |
 |----------------------------------------------------------------|
 |……including|        |   |59.38 |90.0  |30.62           |7.01%   |
 |----------------------------------------------------------------|
 |……including|        |   |119.0 |144.77|25.77           |8.14%   |
 ------------------------------------------------------------------

*Cg – Graphitic Carbon (see cross-sections 12GCH001, 002 and 003, GC006, 007 attached)

The drill holes were drilled at -50 degree dip to test true thickness of mineralization. The graphite bearing rocks dip at approximately 60 degrees and are exposed at surface along the dip slope which would be ideal with respect to an open pit mining operation and low strip ratio.

Graphite One has its own core logging and sample preparation laboratory/ facility in Nome, Alaska. The sample preparation laboratory was installed, and is being managed by Actlabs, Ancaster, Ontario. This will ensure Graphite One maintains the highest level of QA/QC and ensures timely receipt of analytical results. Graphite One expects timely receipt of ongoing results. Dean Besserer, P.Geol., V.P. Exploration, manages Graphite One’s exploration and development programs and is the Qualified Person as defined by National Instrument 43-101. He supervised the preparation of the technical information in this release.

About Graphite Creek

The Graphite Creek property comprises 89 claims totalling 4,209 hectares on the Seward Peninsula of Alaska, 65 kilometres north of Nome. Mineralization at the Graphite Creek property is characterized by coarse crystalline (large-flake) graphite (more than 80 mesh) within graphite-bearing schist(s). Graphite mineralization is exposed at surface. The large-flake graphite occurs as disseminations and high-grade segregations and lenses in distinctive garnet-bearing quartz biotite schist(s) and biotite schist(s). The host schist(s) is continuous over 16 kilometres of strike length, based on mapping, geophysics, and has an approximate thickness in excess of 250 metres, and is exposed down dip 200 to 250 metres, thus indicating the potential for more than 250 million tonnes of graphite-bearing rock. The estimate of potential tonnage is based on the company’s geological mapping in 2011/12 and drilling during 2012. The potential size and grade of the mineralization at the Graphite Creek Property are conceptual in nature as there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in discovery of a mineral resource. The property is three kilometres away from intertidal waters at Windy Cove, approximately 20 kilometres away from road systems, and three kilometres from an airstrip to the southeast.

Graphite One uses Actlabs (Ancaster, Ontario), an ISO/IEC 17025 accredited analytical laboratory. The technique used for determining graphitic carbon is by LECO whereby the pulp is either digested with hydrochloric and perchloric acids, or subjected to a multistage furnace treatment to remove all forms of carbon with the exception of graphitic carbon.

Graphite One Resources is committed to a regimented QA/QC program including utilizing standards, blanks and duplicates as per normal industry standards.

GRAPHITE ONE RESOURCES INC. (GPH: TSX-V, GPHOF: OTCQX) is a mineral exploration company with extensive experience in the state of Alaska and a business strategy to identify, acquire, and explore high potential projects ready for rapid advancement. The Graphite Creek Property on the Seward Peninsula of Alaska fits with the Graphite One business strategy offering significant potential for the discovery and development of a large-flake, graphite deposit exposed at surface. Graphite One has an option to earn a 100% interest in the Graphite Creek Property and plans to rapidly advance the Property to a NI 43-101 compliant resource.

TO VIEW MAPS COPY AND PASTE URLS BELOW INTO NEW BROWSER WINDOWS

http://thenewswire.ca/client_files/2012-09-11-1.pdf

http://thenewswire.ca/client_files/2012-09-11-2.pdf

http://thenewswire.ca/client_files/2012-09-11-3.pdf

http://thenewswire.ca/client_files/2012-09-11-4.pdf

http://thenewswire.ca/client_files/2012-09-11-5.pdf

http://thenewswire.ca/client_files/2012-09-11-6.pdf

ON BEHALF OF THE BOARD OF DIRECTORS

(signed) “Anthony Huston”

For more information on Graphite One Resources Inc. please visit the Company’s website, www.GraphiteOneResources.com or contact:

Anthony Huston President & Director Tel: (604) 697-2862 Email: [email protected]

Neither the 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.

This release includes certain statements that may be deemed to be forward-looking statements. All statements in this release, other than statements of historical facts that address access to capital, regulatory approvals, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedar.com

Tags: , , , ,
Posted in Graphite | Comments Off on Graphite One Drills 47.0M of 6.02% and 166.62M of 4.01% Graphite

National Graphite Announces Completion Of Geophysics Survey On Nevada Graphite Property

Posted by AGORACOM-JC at 10:29 AM on Wednesday, September 12th, 2012

Wednesday, September 12, 2012 – National Graphite Corp, (NGRC-OTCBB) formerly Lucky Boy Silver Corp. (LUCBE –OTCBB) is pleased to announce that the Company has completed the StrataGem Electro-Magnetic Survey on its Chedic/Voltaire Graphite property in NW Nevada. An independent Geophysicist will interpret all data acquired and deliver a report in two to three weeks. This will delineate our future drill targets.

Also, contracted Geologist, John O. Rud, M.Sc. of the GeoXplor Corporation has completed staking on the property adjacent to the Chedic/Voltaire property adding 15 more lode claims and 300 additional acres to the company’s graphite holdings in NW Nevada. The Company previously purchased a 100% interest in and to the Chedic/Voltaire Graphite Property consisting of 20 Mineral Lode Claims in Township, 15 North, Range 19 East, Sections 25 & 26 Carson City, NV comprising approximately 400 acres.

The Company previously also purchased 65 claims of 60 hectares each for a total of over 9,600 acres in Lochaber Township in Quebec, Canada. This property is near the Dun Raven Mines that is estimated to have in excess of four million tons of 4.1% Graphite.

Graphite

Graphite is one of the most versatile of non-metallic minerals. Used in batteries, lubricants, brake linings, refractories and foundries, graphite can be either synthetic or natural. Natural and synthetic graphite industries operate independently and have little crossover in market share and end uses. The rise of the Lithium-ion battery has caused great excitement in the graphite industry in recent times. Demand for batteries (primarily nickel-metal-hydride and to a lesser extent Li-ion) caused a surged in graphite demand in the late 1980s through the 2000s. The growing graphite end and use 10X the graphite to lithium is used and is a critical element in the rapidly expanding electric auto market. Batteries are the fastest growing end use for graphite. Electric vehicles hold the potential to see graphite demand boom. For example, the Li-ion battery in the fully electric Nissan Leaf contains nearly 40 kg of graphite.

National Graphite to enter World Production

American production of Graphite is a national priority as China currently dominates world graphite production and represents 75% of total output. India is the second largest producer followed by Brazil, North Korea, Austria and Canada. The U.S. has no current natural graphite production but National Graphite Corp is committed to explore bringing the Chedic/Voltaire graphite mine to production.

Contact: Kenneth B Liebscher – [email protected]

“Safe Harbor” Statement:

Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Notice Regarding Forward Looking Statements -This press release includes forward-looking statements that involve a number of risks and uncertainties, including the success of the programs it is commercializing and developing. Further, the risks involve the ability of the Company to raise capital to fund its operations and the capital requirements for the development and marketing of its products. Investors are encouraged to review the risk factors listed or described from time to time in the Company’s filings with the Securities and Exchange Commission.

Tags: , , , ,
Posted in Graphite | Comments Off on National Graphite Announces Completion Of Geophysics Survey On Nevada Graphite Property

Lithium-Ion Battery that Charges 120 Times Faster than Normal Developed

Posted by AGORACOM-JC at 4:38 PM on Tuesday, September 11th, 2012

A super fast-charging lithium-ion battery capable of being recharged 30 to 120 times faster than conventional li-ion batteries has been developed by researchers.

20120910-112425.jpg

The researchers think that they can use this technology to create a battery pack for electric vehicles that will fully charge in less than a minute.

The primary issue with rechargeable batteries is the increased charging time that results as their volume grows. Since batteries charge from the outside towards the inside, the thicker the battery becomes the longer it will takes to charge. This is solvable to a degree by breaking the larger battery into smaller individual cells, but there are limits to that.

“The Korean method takes the cathode material — standard lithium manganese oxide (LMO) in this case — and soaks it in a solution containing graphite. Then, by carbonizing the graphite-soaked LMO, the graphite turns into a dense network of conductive traces that run throughout the cathode. This new cathode is then packaged normally, with an electrolyte and graphite anode, to create the fast-charging li-ion battery. Other factors, such as the battery’s energy density and cycle life seem to remain unchanged.”

The networks of carbonized graphite created by this process essentially function as blood vessels. They allow nearly the whole of the battery to recharge at the same time, speeding the recharge up by 30 to 120 times.

20120910-112443.jpg
“Now, for all intents and purposes, this is a standard lithium-ion battery that could be used in smartphones and laptops — but the network of conductive traces does increase the overall size of the battery, so it’s probably better suited for use in electric vehicles (EVs). Obviously, an EV that can be recharged in under a minute is pretty crazy — though it still only brings them in-line with their gas-guzzling cousins. Being able to charge quickly is convenient, but it doesn’t get around the fact that li-ion battery packs are incredibly expensive — and the Korean carbonized LMO battery certainly won’t be cheap.”

Fast-charging batteries for phones and computers sound very appealing, though, so I can’t imagine that this technology won’t end up being applied that way eventually. The researchers also mention potential applications in wireless mice and keyboards, and other small electronics.

Imagine being able to charge an electric car in a minute; cheap, fast, no gasoline fumes, and no CO2 emissions.

Source: Clean Technica (http://s.tt/1n4kW)

Tags: , , ,
Posted in Graphite | Comments Off on Lithium-Ion Battery that Charges 120 Times Faster than Normal Developed

Standard Graphite Discovers A New Graphite Zone on Mousseau East

Posted by AGORACOM-JC at 8:37 AM on Tuesday, September 11th, 2012

VANCOUVER, BRITISH COLUMBIA–(Sept. 11, 2012) – Standard Graphite Corp. (TSX VENTURE:SGH) (the “Company”) is pleased to report the discovery of a new graphite zone on the eastern portion of its Mousseau East Graphite project. The new zone was discovered on the eastern side of Oat Lake during a ground follow-up of the TDEM anomalies defined during the property-scale airborne geophysical survey.

In late July 2012, the company initiated a systematic prospecting program on the project putting the emphasis on the conductive axis traced during the TDEM survey performed during the same month. The primary objective of this program was to explain a series of well-defined conductors on the eastern portion of the property where no historical work was reported.

The ground crews successfully located graphite horizons in areas adjacent to the anomalies and an important discovery was made while traversing along a conductive axis on the southern flank of a hill close to Oat Lake. A graphite outcrop (19.6% Cg) was found within the characteristic rusty weathered schists and bears all similarities with the richer surface occurrences found in the main zone.

The company is immediately moving forward with applications for the necessary permits required to evaluate this discovery. An application has been made with the MRNF to strip and drill the new graphite outcrops and work will begin immediately upon receiving the necessary authorizations. The objective is to ascertain whether this mineralization forms the direct continuity of the main zone or whether it is an entirely different horizon.

Chris Bogart, President and CEO explains: “This recent discovery could significantly impact the project and therefore Standard has decided to quickly focus its attention on the eastern side of the project. Additional drilling has been planned to better evaluate the implication of this new zone.”

To view a map of the results please click here:

http://www.standardgraphite.com/i/pdf/_mousseau.pdf

Antoine Fournier P. Geo. manages Standard’s exploration and development programs and is the Qualified Person as defined by National Instrument 43-101. He supervised the preparation of the technical information in this release.

About Standard Graphite

Standard Graphite Corp is focused exclusively on the exploration and development of a large portfolio of flake graphite properties in Canada. The company is rapidly positioning itself as North America’s premier pure-play graphite exploration company and it controls 100% interest in 13 highly prospective graphite properties within known graphite districts in both Quebec and Ontario. An aggressive 2012 exploration strategy has commenced and will be implemented by a geologic team with the pedigree of a previous world-class graphite discovery.

ON BEHALF OF THE BOARD

Chris Bogart, President & CEO

Cautionary Statement:

The foregoing information may contain forward-looking statements relating to the future performance of Standard Graphite Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Standard Graphite Corp.’s filings with the appropriate securities commissions.

Neither the 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

 

Standard Graphite Corp.
Chris Bogart
President & CEO
(604) 683-2509
(604) 683-2506 (FAX)
[email protected]
www.standardgraphite.com

Tags: , , , ,
Posted in Graphite | Comments Off on Standard Graphite Discovers A New Graphite Zone on Mousseau East

Focus Clarifies Disclosure on its Lac Knife Project

Posted by AGORACOM-JC at 4:43 PM on Monday, September 10th, 2012

OTTAWA, ONTARIO–(Sept. 10, 2012) – As a result of a review by the staff of the Ontario Securities Commission (the “OSC“), Focus Graphite Inc. (“Focus” or the “Company“) (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) is issuing the following news release regarding its disclosure on the Lac Knife Project (the “Project“). Indeed, the Company has been notified by the OSC of its recent selection for a review of its continuous disclosure record, the whole conducted under Section 20.1 of the Securities Act (Ontario).

The OSC has advised the Company that it is of the view that Focus has disclosed, in numerous documents, the outcomes on a study that includes the economic analysis of the potential viability of mineral resources on the Project that is not supported by a technical report as required by National Instrument in 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“). The OSC is therefore of the opinion that the Company is in default of filing the required technical report triggered by the disclosure made by the Company on the Project.

The disclosure referred to in the OSC comment letter is found on the Company’s website (namely in the section containing information on the Project), and in various other documents such as an investor / broker update, presentations and speeches and the corporate presentation of the Company, all of which are available on the Company’s website. Such documents contained, among other, information on the Project’s capital cost, mine life, estimates on yearly production, production costs per ton and revenue potential. Most of this information was taken from historical reports prepared by previous owners of the Project before the introduction of NI 43-101 and should not be relied upon.

In January 18, 2012, the Company filed on SEDAR an NI 43-101 compliant technical report prepared by Roche Ltd. – consulting group, Tekhne Research and Bumigene Inc., which contained an updated resource calculation on the Project.

In light of the comments and concerns raised by the OSC, in light of the current resource estimate filed by the Company in January 2012 and considering that the Company is scheduled to file a Preliminary Economic Assessment on the Project within the next few weeks, the Company has reviewed its disclosure documents relating to the Project and has removed the technical information on the Project which is presently not supported by a current NI 43-101 compliant technical report. The Company will conduct a further review and update of these documents upon release of its Preliminary Economic Assessment on the Project.

Focus Graphite Vice President, Exploration, Mr. Tony Brisson, is the Qualified Person, as defined by National Instrument 43-101 and has reviewed this news release.

About Focus Graphite

Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. It is the owner of the NI 43-101 compliant Lac Knife graphite deposit grading 16% carbon as graphite. The company’s goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus Graphite is invested in the development of graphene applications and patents through Grafoid Inc.

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.

Tags: , , , ,
Posted in Graphite | Comments Off on Focus Clarifies Disclosure on its Lac Knife Project

Big North Enters into Letter of Intent to Acquire Three Past-Producing Graphite Mines in Sonora Mexico

Posted by AGORACOM-JC at 10:34 AM on Monday, September 10th, 2012

Vancouver, B.C., September 10, 2012 – BIG NORTH GRAPHITE CORP. (TSX-V: NRT) (the “Company” or “Big North”), announced today that the Company has entered into a letter of intent (the “LOI”) with Can-Am Gold Corp. (the “Vendor”) to acquire all of the issued and outstanding shares of Grafito La Barranca SA de CV (“Grafito”), held by the Vendor (which shares represent 99.9% of the issued and outstanding share capital of Grafito)(the “Transaction”).  Grafito is the registered and beneficial owner of two mining concessions located in Sonora, Mexico.

Grafito holds a 100% interest in the Aki Wiki concession (“Aki Wiki”) and has a 50/50 joint venture on the Nuevo San Pedro property (“Nuevo San Pedro”, and together with Aki Wiki, the “Property”), a past producing amorphous graphite mine which is currently being re-opened.  Both concessions are located in the San Jose de Moradillas region, a region that has produced graphite for more than 145 years.  San Jose de Moradillas is located approximately 45 kilometers southwest of the city of Hermosillo, Mexico.

Aki Wiki consists of approximately 145 hectares. There are two past producing mines on the property, La Fortuna and Caraples.  Aki Wiki is located approximately 1.5 kilometers south of the historic El Cochi graphite mine, where there was a town of more than 600 workers living there at that time. The peak of graphite production for the region occurred in 1996, when the region produced and shipped approximately 58,000 tons.

Nuevo San Pedro is an approximately 11 hectare property located north of Aki Wiki and near the town of La Colorada. The La Lourdes graphite mine, which has been in operation for approximately 50 years, is located less than 1 kilometer to the north.  Nuevo San Pedro is a past producing mine, which shut down due to low graphite prices.  The mine is currently being re-opened.

Pursuant to the terms of the LOI, Big North will acquire 100% of the interests held by the Vendor in the Property by acquiring all of the issued and outstanding shares held by the Vendor in Grafito by making the following payments and issuing the following common shares to the Vendor:

-US$25,000 upon signing the LOI as a non-refundable deposit;

-US$75,000 within 5 days of TSX Venture Exchange (“TSXV”) acceptance of the definitive agreement for the Transaction (the “Effective Date”);

-US$100,000 upon the first year anniversary of the Effective Date, or upon completion of a minimum $1,500,000 equity financing of Big North, whichever occurs earlier;

-1,200,000 common shares in the capital of Big North (“Big North Shares”) within 5 days of the Effective Date;

-500,000 Big North Shares on or before the 6 month anniversary of the Effective Date; and

-500,000 Big North Shares on or before the 12 month anniversary of the Effective Date.

The Vendor and Big North are arm’s length parties as defined by the policies of the TSX Venture Exchange (the “TSXV”).  A finder’s fee may be paid in connection with this Transaction up to the maximum permitted by the policies of the TSXV.

The Transaction is subject to a number of conditions and approvals, including, but not limited to, satisfactory due diligence, settlement of a definitive agreement, required corporate approvals and TSXV approval.  There can be no assurance that the Transaction will be completed as proposed or at all.

For further information please contact Spiro Kletas at (604) 629-8220.

ON BEHALF OF THE BOARD

(signed) “Spiro Kletas” Spiro Kletas President and Chief Executive Officer

Neither the 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.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.

Tags: , , , ,
Posted in Graphite | Comments Off on Big North Enters into Letter of Intent to Acquire Three Past-Producing Graphite Mines in Sonora Mexico

National Graphite Corp Expands Graphite Holdings in NW Nevada

Posted by AGORACOM-JC at 12:41 PM on Wednesday, September 5th, 2012

LAS VEGAS, Sept. 5, 2012 – National Graphite Corp (NGRC-OTCBB) formerly Lucky Boy Silver Corp. (LUCB-OTCBB) is pleased to announce that the Company has contracted with John O. Rud, Geologist, M.Sc. of the GeoXplor Corporation to expand the Company’s graphite land holdings in NW Nevada. The Company previously purchased a 100% interest in and to the Chedic Graphite Property consisting of  20 Mineral Lode Claims in Township, 15 North, Range 19 East, Sections 25 & 26 Carson City, NV comprising approximately 400 acres. This expansion will add 300 acres adjacent to the Chedic/Voltaire Graphite mine. Field work will commence immediately.

The Company previously also purchased 65 claims of 60 hectares each for a total of over 9,600 acres in Lochaber Township in Quebec, Canada.  This property is near the Dun Raven Mines that is estimated to have in excess of four million tons of 4.1% Graphite.

Graphite

Graphite is one of the most versatile of non-metallic minerals. Used in batteries, lubricants, brake linings, refractories and foundries, graphite can be either synthetic or natural.  Natural and synthetic graphite industries operate independently and have little crossover in market share and end uses. The rise of the Lithium-ion battery has caused great excitement in the graphite industry in recent times. Demand for batteries (primarily nickel-metal-hydride and to a lesser extent Li-ion) caused a surged in graphite demand in the late 1980s through the 2000s – driven by portable electronics such as cell phones, iPods*, iPads* and portable computers. Lithium Batteries are the fastest growing end and use 10X the graphite to lithium and is a critical element in the rapidly expanding electric auto market. Batteries are the fastest growing end use for graphite. Electric vehicles hold the potential to see graphite demand boom. For example, the Li-ion battery in the fully electric Nissan Leaf contains nearly 40 kg of graphite.

World Production

China dominates world graphite production and represents 75% of total output. India is the second largest producer followed by Brazil, North Korea, Austria and Canada. The U.S. has no current natural graphite production but with National Graphite Corp’s exploration commitment plans, this will soon change.

*iPod, iPad are registered trademarks of Apple, Inc.

Contact: Kenneth B Liebscher – [email protected]

“Safe Harbor” Statement:Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995.  Notice Regarding Forward Looking Statements -This press release includes forward-looking statements that involve a number of risks and uncertainties, including the success of the programs it is commercializing and developing. Further, the risks involve the ability of the Company to raise capital to fund its operations and the capital requirements for the development and marketing of its products.  Investors are encouraged to review the risk factors listed or described from time to time in the Company’s filings with the Securities and Exchange Commission.

Tags: , , , ,
Posted in Graphite | Comments Off on National Graphite Corp Expands Graphite Holdings in NW Nevada

Alabama Graphite Announces Preparation of Technical Report for Coosa Graphite Project

Posted by AGORACOM-JC at 10:20 AM on Tuesday, September 4th, 2012

Sep 04, 2012 — September 4, 2012 – VANCOUVER, BC, Canada – Alabama Graphite Corp. (the “Company”) (cnsx:ALP) announces the filing of a technical report titled “Technical Report, Coosa Graphite Project, Coosa County, Alabama, USA, dated August 31, 2012 with an effective date of August 22, 2012 (the “Technical Report”) prepared by Dana Durgin, a qualified person under National Instrument 43-101.

The Company’s Alabama subsidiary, Alabama Graphite Company, Inc. (the “Subsidiary”), leased the mining rights to the project area pursuant to a mining lease agreement and option dated August 1, 2012. The Subsidiary is also currently negotiating a surface access agreement with the holder of surface rights over the project area.

History of Graphite in Alabama

Graphite deposits were recognized in Alabama as early as before 1860. The first successful efforts to recover the graphite were in 1899 when the Allen Graphite Company started producing graphite using a patented oil flotation process. Disruption of foreign graphite supplies in World War I stimulated a graphite boom in Alabama. By 1918 there were 30 flotation plants operating in the district with a total production of 1918 of 7.8 million pounds (3.5 million kg) of graphite. Resumption of foreign trade after the war caused many of the plants to close, but three plants remained in service until 1929. All were closed by 1930.

The onset of World War II caused the Ceylon plant in Coosa County to re-open in 1939. It also prompted a study of the Alabama Graphite Belt by the US Bureau of Mines as a source of strategically important graphite. A field lab was established in Ashland and the Bureau of Mines studied 49 graphite deposits in 11 mining areas, including extensive mapping, trenching, sampling and some drilling of virtually all of the known deposits. By the end of the war, three mills were in operation. However at the war’s end, demand decreased and by 1950 there were only two mines still in operation, and both were closed in 1953. The Alabama Graphite Belt has been idle since that time. The recent upsurge of interest in graphite has prompted a renewed interest in the area. The acquisition of the Coosa Graphite property is one of the first new developments in this area.

The Coosa Graphite Project

The Coosa Graphite Property is located in Coosa County, Alabama, 60 air miles (96km) south-southeast of Birmingham and covers approximately 10 miles (16 kilometers) of strike length of graphitic schists, which includes several bands of graphitic schist in a zone up to 6 miles (9.6km) wide. An initial sampling program has been completed with positive results. The author of the Technical Report has visited the historic mines in the field, and has seen the graphitic schist exposures in roadcuts. The author of the Technical Report has reviewed the sampling and analytical protocols and found them to be satisfactory.

The distribution of the graphitic schists and the locations of higher grade areas within the Coosa Graphite Project are generally outlined on the available geologic maps but are poorly known in detail. The author of the Technical Report has recommended an airborne electromagnetic (EM) survey to define the locations and limits of the graphite-bearing schist units. It is expected that the EM survey will focus the subsequent exploration efforts on the most favorable areas.

The Property has a well-developed network of access roads built for timber management purposes. These provide exposures of the schists in roadcuts, which would otherwise be difficult to find. Some of these have been sampled, in less than 10% of the prospective area. A preliminary sampling program consisting of 113 channel samples returned an average of 4.28% total carbon. Previous analyses at the Coosa Graphite Project indicate that 97% of the carbon is in the form of graphite.

In addition to the geophysical survey, a program of backhoe trenching is being implemented to further expose the geology in the areas where the channel sampling indicated the more well-mineralized graphitic horizons. This work is expected to define drilling targets.

The recommended budget for the planned program for the exploration and development program at the Coosa Graphite Project is US$2,518,000.

Daniel Spine, President and Chief Executive Officer, states, “Alabama Graphite is proud to be leading the way in investigating the possible reawakening of Alabama as a major supplier of North American graphite. Our dealings with state and local officials have uniformly enthusiastic. We look forward to advancing the Coosa Graphite Project in an expedited fashion.”

Dana Durgin, AIPG Certified Professional Geologist #10364 and a Qualified Person as defined by National Instrument 43-101, and the author of the Technical Report and an independent consultant to the Company, has prepared or supervised the preparation of the information that forms the basis for the scientific and technical information contained in this press release.

In addition, further to the Company’s news release of August 31, 2012, the Company advises that it issued a total of 2,696,664 common shares (and not 2,696,667 common shares) pursuant to the private placement that closed on August 31, 2012.

About Alabama Graphite:

Alabama Graphite Corp., through its wholly-owned subsidiary, Alabama Graphite Company, Inc., is a graphite exploration and development company whose flagship project “The Coosa Graphite Project” in Coosa County, Alabama is located in an area with significant historical production of crystalline flake graphite. For further details go to www.alabamagraphite.co .

ALABAMA GRAPHITE CORP.

Daniel Spine, President & CEO: (404) 661-6254

Investor Relations:

Bobby Mullins: (647) 341-7465 or (416) 317-4538

[email protected]

THE CANADIAN NATIONAL STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Forward-looking information

This release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking information includes, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as the planned exploration work allowing for a focus of subsequent exploration efforts on the most favourable areas and the definition of drilling targets.

Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “planning”, “planned”, “expects” or “looking forward”, “does not expect”, “continues”, “scheduled”, “estimates”, “forecasts”, “intends”, “potential”, “anticipates”, “does not anticipate” or “belief” or describes a “goal” or variation of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

Forward-looking information is based on a number of material factors and assumptions, including the result of exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen breakdowns, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking information involves known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of graphite; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Company’s publicly filed documents. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

Tags: , , , ,
Posted in Graphite | Comments Off on Alabama Graphite Announces Preparation of Technical Report for Coosa Graphite Project

« Older Entries
Newer Entries »