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Golden Hope Mines Announces Further Excellent Gold Recovery Testwork and Provides an Exploration Update at its Bellechasse-Timmins Gold Project in Southeastern Quebec

Posted by AGORACOM-JC at 9:00 AM on Thursday, April 26th, 2012

MONTREAL, April 26, 2012 – Golden Hope Mines Limited (TSX VENTURE: GNH) (Pink Sheets: GOLHF) – Golden Hope is pleased to announce further positive gold recovery from further preliminary metallurgical test work at its Bellechasse-Timmins gold project in southeastern Quebec, Canada. Additional test work was completed on thirteen composite samples taken from drill core from its 2011 drill program.

When combining the current results with 5 previously announced samples on January 23, 2012 (http://cnw.ca/zdU0), gold recovery using gravity separation ranged from 37% to an outstanding 92% with an average of 77.3%, while total gold recovery using a combination of gravity separation and cyanidation ranged from 95.5% to more than 99.6% with an average total gold recovery of 98%.

“We are extremely pleased with these additional results as they once again demonstrate the excellent gold recovery by gravity while achieving outstanding recoveries using a combination of gravity and cyanidation” explains Frank Candido, President, Golden Hope Mines Limited.

The testwork also determined the head grades of the various composites and compared them with the individual assay results previously announced. SGS Geostat selected composite samples from thirteen different mineralized intersections at various depths with variable grades from drill core that tested mineralized zones within the T1 and T2 diorite at the Bellechasse-Timmins gold deposit. The testwork produced a total gold metallurgical balance that shows calculated feed grade, tailing losses and overall gold recovery data.

A summary of results can be viewed in Table 1 and Table 2 below.

Gravity Test Results Summary

Gravity Conc Recovery Gravity Tail Head Average Fire
Sample Test K80 Wt. Assay Au Assay* calc. Assay
µm % Au, g/t % Au, g/t Au, g/t Au, g/t
Comp 1 G1 93 0.035 2710 84.8 0.170 1.12 0.87
Comp 2 G2 67 0.050 7899 92.3 0.330 4.27 6.10
Comp 3 G3 82 0.061 1039 87.6 0.090 0.73 0.82
Comp 4 G4 65 0.066 764 83.6 0.100 0.61 0.37
Comp 5 G5 67 0.093 1099 54.4 0.860 1.89 1.45
Comp 6 G6 72 0.041 1432 61.0 0.380 0.97 0.50
Comp 7 G7 49 0.038 309 70.2 0.050 0.17 0.33
Comp 8 G8 70 0.043 1383 78.8 0.160 0.76 0.81
Comp 9 G9 97 0.040 476 73.3 0.070 0.26 0.30
Comp 10 G10 45 0.088 490 86.0 0.070 0.50 1.27
Comp 11 G11 46 0.071 420 36.9 0.510 0.81 1.07
Comp 12 G12 72 0.041 3934 79.8 0.410 2.03 7.01
Comp 13 G13 61 0.034 1712 90.6 0.060 0.64 1.67
Comp 14 G14 95 0.053 3198 92.4 0.140 1.84 0.97
Comp 15 G15 63 0.039 2018 74.4 0.270 1.05 1.33
Comp 16 G16 53 0.035 1250 79.9 0.110 0.55 1.04
Comp 17 G17 66 0.060 4082 90.1 0.270 2.73 2.28
Comp 18 G18 52 0.055 600 75.1 0.110 0.44 1.73

*calculated head from cyanidation test

Cyanidation Test Results Summary

Sample Test Reagent
Addition, kg/t		 Reagent
Consumption, kg/t		 Recovery
Au		 Residue
Assay*		 CN Feed
calc.		 Overall Au Recovery
Gravity/Cyanidation
NaCN CaO NaCN CaO % Au, g/t Au, g/t %
Comp 1 BC1 1.61 0.46 0.96 0.43 88.9 0.019 0.170 98.3
Comp 2 BC2 1.82 0.40 1.28 0.36 94.9 0.017 0.330 99.6
Comp 3 BC3 1.70 0.49 1.18 0.44 84.0 0.014 0.090 98.0
Comp 4 BC4 1.55 0.30 1.64 0.26 91.4 0.009 0.100 98.6
Comp 5 BC5 1.73 0.22 1.90 0.17 92.3 0.066 0.860 96.5
Comp 6 CN6 0.85 0.88 0.51 0.88 98.2 0.007 0.380 99.3
Comp 7 CN7 1.41 0.62 0.80 0.60 90.0 <0.005 0.050 97.0
Comp 8 CN8 1.54 0.60 0.98 0.56 95.6 0.007 0.160 99.1
Comp 9 CN9 1.02 0.77 0.45 0.76 88.9 <0.008 0.070 97.0
Comp 10 CN10 1.58 1.24 1.00 1.22 92.4 <0.005 0.070 98.9
Comp 11 CN11 1.66 1.30 0.96 1.27 96.7 0.017 0.510 97.9
Comp 12 CN12 1.12 0.47 0.45 0.45 90.6 0.039 0.410 98.1
Comp 13 CN13 1.55 0.53 0.97 0.50 93.1 0.005 0.060 99.4
Comp 14 CN14 0.92 0.56 0.19 0.51 76.2 0.033 0.140 98.2
Comp 15 CN15 1.83 0.32 1.16 0.29 95.2 0.013 0.270 98.8
Comp 16 CN16 1.99 0.38 1.33 0.35 94.0 0.007 0.110 98.8
Comp 17 CN17 1.02 0.28 0.66 0.26 54.2 0.051 0.270 95.5
Comp 18 CN18 1.54 0.43 0.99 0.41 94.0 0.007 0.110 98.5

*Average of six residue assays.

Average gold grades of the fire assay are slightly higher than the average total gold results and therefore suggests the need to cap the fire assay outliers.

The tests were performed under the supervision of Lesley Hendry, project metallurgist at SGS Lakefield. Details of the Total Gold metallurgical tests with accompanying tables are available upon request by contacting the company at (514) 750-8218 or [email protected].

Claude Duplessis, Eng. is an independent qualified person as defined by National Instrument 43-101 and has reviewed the technical contents of this press release.

Exploration Update:

Bellechasse-Timmins

There are currently 9 holes outstanding from the Winter 2012 drill campaign at SGS Laboratories in Toronto including BD2012-186, 187, 188, 189, 190, 191, 193, 194 and Beland 05. The Company will announce the results from these holes once received. The Company is also currently working on a plan for a continued exploration/definition drill campaign at Bellechasse-Timmins as well as drilling other priority targets along the Bellechasse Belt.

Champagne/VMS

The Company is currently developing a plan for an exploration/definition drill campaign at the Champagne zone as well as at other priority targets that have been recently identified from the VTEM (helicopter-borne time-domain electromagnetic) survey flown over the area in December 2011. The Company is targeting additional precious metal rich VMS deposits that may be lie within its claim block. The VTEM survey results suggest that there are a significant number of high priority targets that require drill testing.

Resource Estimate

Since April 2011, the Company has been working closely with SGS Geostat of Blainville, Quebec towards the publication of its first resource estimate. The Company had until recently been targeting Q1 of 2012 as a cut off date for results to be included in the resource estimate. However, not all of the outstanding assay results from the previously conducted Bellechasse-Timmins drill campaign had been received and interpreted during Q1 of 2012. The Company is anticipating that the outstanding assay results will be received by the end of this month and is currently targeting announcing a resource estimate for Bellechasse-Timmins in late May or early June 2012.

About Golden Hope:

Golden Hope is a mineral exploration company that seeks to grow shareholder value through the acquisition, exploration and development of potentially large-scale gold and base metal projects suitable for underground and/or open-pit mining. The Company’s focus is in southeastern Québec, Canada. The Company’s claim blocks lie within an area that extends approximately 100 kilometres along the Appalachians of southern Québec from near Ste-Lucie-de-Beauregard to approximately 16 kilometres southwest of Beauceville. The Bellechasse-Timmins gold deposit lies 5 kilometres southeast of St-Magloire within the Bellechasse Belt, an approximately 18 kilometre long mineralized area. The Bellechasse-Timmins gold deposit includes the T1, T2A, T2B, Ascot/Road gold zones, and the 88 Diorite. The Company is also looking to develop the Champagne zone, a partially explored base metal and gold deposit that lies within the Company’s Bellechasse Belt claims. A recently completed VTEM survey may identify other similar targets along the horizon. The Company is also working to develop other targets within its claim blocks including the FSG gold and base metal target, Chute du Bras, the LG showing, Moose Cliff, and Talon. For further information on Golden Hope please visit www.goldenhopemines.com.

Statements Regarding Forward-Looking Information: Some statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Such statements include plans, timing and expectations for a resource estimate; the timing for receipt of drilling and assay results; and plans for further exploration and drilling at Bellechasse-Timmins and Champagne/VMS and other targets along the Bellechasse Belt. Investors are cautioned that forward-looking information is inherently uncertain and involves risks and uncertainties that could cause actual facts to differ materially, including timing of and unexpected events regarding the receipt and interpretation of drilling and assay results; delays in the preparation of a resource estimate at SGS Geostat or elsewhere; fluctuations in gold price and costs; and general economic conditions. There can be no assurance that future developments affecting the Company will be those anticipated by management. The forecasts contained in this press release constitute management’s current estimates, as of the date of this press release, with respect to the matters covered thereby. The Company expects that these estimates will change as new information is received. While the Company may elect to update these estimates at any time, the Company does not undertake to update any estimate at any particular time or in response to any particular event.

For further information:Golden Hope Mines Limited
Frank Candido
: President, Director
Tel: 514-750-8218
[email protected]
[email protected]
www.goldenhopemines.com

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Lomiko to Outline 2012 Drilling Plan for Quatre Milles at Toronto Graphite Conference May 2, 2012

Posted by AGORACOM-JC at 8:34 AM on Thursday, April 26th, 2012

SURREY, BRITISH COLUMBIA–(April 26, 2012) – Lomiko Metals Inc. (TSX VENTURE:LMR)(PINKSHEETS:LMRMF)(FRANKFURT:DH8B) (Europe: ISIN: CA54163Q1028) (WKN: A0Q9W7) (the “Company” or “Lomiko”) is pleased to announce that Lomiko Metals will be presenting at the Toronto Graphite Express-Conference at the Sheraton Centre Hotel, Wednesday, May 2, 2012 and outlining its 2012 exploration plans.

This conference is designed to bring critical information about the graphite sector to investors and brokers. Simon Moores – Graphite Market Specialist, Industrial Minerals and Chris Berry of House Mountain Partners are keynote speakers.

Graphite is fast becoming a strategic mineral. From batteries to advanced nuclear reactors graphite is in demand and China, which supplies 70% of the current graphite market, is showing signs of holding back supply in the future.

Lomiko recently optioned the Quatre Milles Graphite Property 175 km from Montreal, Quebec in hopes of finding a large flake, crystalline graphite deposit which is easily developed. The property is accessible by paved road.

For more information or to register, please click here:

http://resourceclips.com/resource-express-graphite-conference-registration

On Behalf of the Board

Paul Gill, Chief Executive Officer

We seek safe harbor.

FOR FURTHER INFORMATION PLEASE CONTACT:

A. Paul Gill
Lomiko Metals Inc.
604-729-5312
[email protected]
www.lomiko.com

 

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.

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Strike Announces Appointments to Advisory Board

Posted by AGORACOM-JC at 8:12 AM on Thursday, April 26th, 2012

VANCOUVER, BRITISH COLUMBIA–(April 26, 2012) – Strike Graphite Corp. (TSX VENTURE:SRK) (the “Company” or “Strike“) is pleased to announce the following appointments to its Advisory Board:

Jerry Janik (Ontario)

Mr. Janik has over 20 years’ experience in the mining industry. He has extensive experience in quality control, mine planning/tailings deposition, production, project management, process improvement, and permitting and new product development. Mr. Janik holds dual diplomas in geology and mineral processing from Sir Sandford Fleming College School of Natural Resources in Peterborough, Ontario.

Most recently, Mr. Janik has been fulfilling the role as General Manager for Ontario Graphite’s mine in Kearney, Ontario, where after 16 years under care and maintenance, he is overseeing an operational plan that contemplates re-commissioning the mine. Production is expected to resume by the fall of 2012 with an aim of producing 20,000 tonnes annually of natural large flake high carbon graphite concentrate at >95% Cg in 4 different size ranges.

Ontario Graphite (a private company) has a confirmed mineral resource of 43.5 million tonnes measured and indicated (2.34% Cg average, Jan. 2010). Ontario Graphite’s Kearney Mine has the largest confirmed mineral resource of any North American graphite prospect and is one of the largest individual deposits outside of China and North Korea.

Jody Dahrouge – B.Sc., Sp.C., P.Geo. (Edmonton)

Mr. Dahrouge contributes over 20 years of leadership experience with mineral exploration and resource development projects worldwide. He has served as senior executive officer, director and/or geologist with a number of publicly traded companies, including Pacific Potash Corporation, Commerce Resources Corp., Quantum Rare Earth Developments Corp., Fission Energy Corp. and Equitas Resources Corp. Mr. Dahrouge is a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta and British Columbia.

Geoff Balderson, President of Strike, remarks, “As stated previously, the Company is committed to assembling a first-class executive and management team in the graphite space. Mr. Daroughe and Mr. Janik both have a wealth of experience. Their addition further demonstrates the Company’s commitment to achieving its objectives and rapidly maturing its graphite assets for the benefit of all shareholders.”

About the Company:

Strike Graphite Corp. is a progressive exploration company with seasoned management targeting strategic assets on a global scale. In addition to the Deep Bay East and Simon Lake graphite properties, the Company is also actively advancing its Wagon Graphite property in Quebec next to the Timcal Graphite mine. The Company also continues to advance the Satterly Lake gold project in north western Ontario, located just west of Gold Canyon Resources Inc.

On behalf of the Board of Directors,

Geoff Balderson, President

For more information on the above, or to view the Company’s corporate presentation on its graphite assets and opportunity, please visit the Company’s website at www.strikegraphite.com.

We seek safe harbor.

Contact Information

 

Strike Graphite Corp.
Geoff Balderson
President
604.669.9330 or Toll Free: 1.866.669.9337
604.669.9335 (FAX)
[email protected]
www.strikegraphite.com

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Northern Graphite CEO Gregory Bowes on Ontario graphite property met results

Posted by AGORACOM-JC at 10:52 AM on Wednesday, April 25th, 2012

Northern Graphite Corp TSXV:NGC announced metallurgical test results from its Bissett Creek Graphite Project in eastern Ontario. Tests confirmed high recovery of large-flake, high-purity graphite consistently across the resource. The overall recovery from eight locked-cycle tests was 97%, and almost all concentrate will qualify for large-flake (+80 mesh), high-carbon (94%) pricing. Results showed 33% of the concentrate was +50 mesh, 97% C and 19% was +32 mesh, 98% C. Two of the locked cycle tests showed +32 mesh, 99% C.

Average results from eight locations on the deposit show

19.1% of concentrate +32 mesh, 98.1% carbon
33% of concentrate +50 mesh, 97% C
23.3% of concentrate +80 mesh, 95.1% C
5.2% of concentrate +100 mesh, 94% C
10.5% of concentrate +200 mesh, 92.7% C

CEO Gregory Bowes tells ResourceClips.com, “I think we’re the only graphite company that’s really completed the full suite of metallurgical testing, bulk sampling, pilot plant, all of that stuff and published the results. And I think they confirm that we have the best flake-size distribution in the industry and the highest carbon content of our graphite concentrate, so we will be producing the highest-price, premium-value product.

From a mining and metallurgical point of view, the project has pretty well been de-risked—Gregory Bowes

“We expect to complete our bankable feasibility in late May. I’m pretty sure we’ll file the mine closure plan in May as well. That is the comprehensive document describing how we’ll return the site to its natural state at the end. If that’s accepted by the government, we can start construction. It will take about one year to build the mine, so we hope to be in production before the end of 2013.”

As for infrastructure, “We are 15 kilometres from the Trans-Canada Highway, between Ottawa and North Bay, so we’re also 15 kilometres from the powerline and the natural gas pipeline. We’re about 50 kilometres from nearby towns, so we don’t have to build a camp. We’re five hours by truck from the port of Montreal. From there we can ship anywhere in the world. You can drive a transport truck from Toronto to the site in five hours. So you’re not dealing with the logistics of remote locations.

“From a mining and metallurgical point of view, the project has pretty well been de-risked,” he points out. “This thing had a full feasibility study done on it during the 1980s, so we’re effectively doing the second one, and all the results are consistent. So it’s low risk technically.”

View Company Profile

Contact:
Gregory Bowes
CEO
613.241.9959

or Don Baxter
President
705.789.9706

Disclaimer: Northern Graphite Corp is a client of OnPage Media and the principals of OnPage Media may hold shares in Northern Graphite.

by Greg Klein

Source: http://resourceclips.com/2012/04/25/northern-graphite-ceo-gregory-bowes-on-ontario-graphite-property-met-results/

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GRAPHITE: The Driving Force Behind Green Technology

Posted by AGORACOM-JC at 9:44 AM on Wednesday, April 25th, 2012

GRAPHITE: The Driving Force Behind Green Technology

                                      click on image below

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Logan Copper acquires graphite property

Posted by AGORACOM-JC at 9:30 AM on Wednesday, April 25th, 2012

DELTA, BC, April 25, 2012 – Logan Copper Inc. (the “Company”, “Logan Copper”, “LC”), (TSX.V: LC) is pleased to announce the acquisition of a 3,266 acre graphite property located near the town of Mayo, Quebec, Canada.

LC’s property, the “Mayo Graphite Property”, is located some 35 kilometres northeast of Ottawa, Ontario and 130 kilometres west of Montreal, Quebec, with excellent infrastructure. The property is 100% owned by Logan Copper Inc. with no net smelter royalty attached.

Summary: Mayo Graphite Project

  • Over 3,266 acres of land (13 sq km)
  • Known graphite occurrences in area
  • A historical Aeromagnetic survey completed over the entire property
  • Near major roads and good infrastructure

The Mayo Graphite Property is located 80 kilometres south of the producing Stratmin Graphite Mine. This mine has been producing natural flake graphite since 1988.

The past producing Bell Graphite mine is located 4 kilometres south of LC’s property. Historical records show this mine produced 6,700 tonnes of Graphite from 1906-1912.

Logan Copper is currently compiling all the historical geological data to prepare for an upcoming exploration program (s) on the Mayo Graphite property. Further announcements will be made once the geological / exploration team completes the review of the historical data.

About Graphite

Natural Graphite is an excellent conductor of heat and electricity. Graphite also has the highest natural strength and stiffness of any material. There are myriad of uses such as in brake linings, steelmaking, batteries, lubricants, and reinforcement of plastics.

The commodity price of natural flake Graphite has steadily increased to over $1,170 per tonne from $694 per tonne in 2009. Industrial demand for graphite is growing at approximately 5 per cent annually.

Of the 1.1 million tonnes of worldwide graphite production, 800,000 tons (73%) comes from China. The government of China has imposed an export duty of 20% plus an additional 17% value added tax on exports of graphite to ensure that they have sufficient supplies for domestic use. Demand for graphite continues to grow rapidly through increased use in ion batteries, carbon fibre reinforced plastics, and carbon alloyed metals. Furthermore, additional demand is expected from use in fuel cells and the construction of pebble bed nuclear reactors.

Some examples of uses of graphite are:

  1. An average fuel cell vehicle will use 80 kilograms of graphite.
  2. An electric car will require 25-50 Kilograms of graphite,
  3. Pebble Bed Nuclear Reactors require “3,000 tonnes of graphite at start-up and 600 to 1,000 tonnes per year”.

China has one operating prototype of a Pebble Bed Nuclear Reactor and has firm plans to build 30 more by 2020. Researchers at West Virginia University estimate that “500 new 100 GW pebble reactors will be installed in the US by 2020 with an estimated graphite requirement of 400,000 tonnes” (annually).

“We seek safe harbor”

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Graphite Investment Boom Heats Up

Posted by AGORACOM-JC at 3:19 PM on Tuesday, April 24th, 2012

Graphite seems to be the new rare earth, and investor interest in the mineral, once seen as synonymous with No. 2 pencils, is heating up. Graphite is in short supply, especially large-flake graphite, a must for lithium-ion batteries, fuel cells, and nuclear power. China controls about 80 percent of the world’s graphite supply and its intention to curb exports is causing worry. Historic underinvestment in new graphite projects globally has prompted many juniors to step in and fill the gap. Investor interest in a cycle like this will not last for a long time, but for now, the bubble is growing bigger.

“I believe the Graphite cycle is now where Rare Earths were in 2009,” Ben Axler, managing partner and co-founder of Spruce Point Capital Management, a New York-based hedge fund, was quoted as saying on Seeking Alpha.

Axler, who is long on large-flake graphite company Northern Graphite Corp. (TSXV:NGC), said, “it’s entirely possible…NGC’s shares can easily double from here to over $6/share.” Northern Graphite shares were trading at $2.41 on Friday morning.

Northern Graphite, which owns 100 percent of the Bisset Creek deposit, said earlier this month that it has made test quantities of spherical graphite from graphite. The spherical graphite has been evaluated in lithium/graphite battery test cells, and the “performance of these cells demonstrated that it meets or exceeds current commercial performance requirements,” the company said.

Siddharth Rajeev, head of research at Vancouver-based Fundamental Research Corp. (FRC), told Graphite Investing News in an interview, “we are most bullish on high-grade, large-flake graphite projects.” He added that applications such as batteries and fuel cells will “require high-grade, large-flake graphite – and a significant portion of the demand is currently filled by synthetic graphite. We believe high-grade, large-flake natural graphite has the potential to take a significant market share from the synthetic graphite market.”

But Rajeev warned that “the recent boom and growing investor interest in the graphite sector have resulted in lot of new graphite companies and/or has prompted existing companies to switch their focus to graphite. Switching focus is not uncommon in the junior resource space. We saw the same trend a few years ago when the rare earth and lithium boom started. Several of those rare earth or lithium companies do not exist anymore. We will see the same in graphite as well. Investors should keep this in mind and look for strong fundamentals and management teams before making an investment decision.”

Nathan Pearson and Rachel Harrison reported for VantageWire that investors looking to invest in shares of graphite juniors need to “focus on projects with near-surface, high-grade, large-flake deposits that are in politically and economically safe areas with sound infrastructure.”

Besides Northern Graphite, other firms making headlines in the graphite space are Focus Metals Inc. (TSXV:FMS), Energizer Resources Inc. (TSX:EGZ), Flinders Resources Ltd. (TSXV:FDR), and Standard Graphite (TSXV:SGH) to name a few.

Focus Metals holds 100 percent ownership of its Lac Knife, Quebec, property, which has 16 percent carbon grade medium- and large-flake crystalline graphite, with production expected to begin in 2014. Its shares have risen more than 38 percent so far this year.

Energizer Resources last month confirmed jumbo-flake graphite with more than 90 percent purity at its Green Giant project in Madagascar. Shares of the company have nearly doubled so far this year.

Flinders Resources raised $15 million to advance the Kringel graphite mine in Sweden toward production this month. The Kringel mine, with a capacity 13,000 tonnes per year of flake graphite, operated from 1996 to 2001, when production was halted due to falling graphite prices. The company’s shares are down more than 23 percent so far this year, but have risen more than 20 percent in the past month.

Standard Graphite controls a 100 percent stake in twelve highly prospective graphite properties within known graphite districts in both Quebec and Ontario. Its shares have risen more than 80 percent so far in 2012.

Securities Disclosure: I, Karan Kumar, hold no direct investment interest in any company mentioned in this article.

Source: http://resourceinvestingnews.com/35268-graphite-investment-boom-heats-up.html

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Lomiko Metals to explore Qu̩bec graphite prospect РResource World Magazine

Posted by AGORACOM-JC at 11:36 AM on Tuesday, April 24th, 2012

With the price of flake graphite having tripled since 2005 from $2,000 to $3,000 per tonne, Lomiko Metals Inc. [LMR-TSXV; LMRMF-OTC; DH8B-FSE] management recognized a real opportunity and has now joined the growing number of junior exploration companies targeting this sector.

This begs the question: what is so special about graphite? The answer is that graphite has many important new applications such as lithium-ion batteries. In addition, fuel cells, nuclear and solar power also have the potential to create significant
incremental demand growth. Then there is graphene, a newly-discovered product with many potential uses. Though extremely thin, graphene is stronger and lighter than steel. While still in the R & D stage, graphene appears destined to play a large role in future industrial applications.

Of course, to join this sector, it is crucial to acquire a graphite prospect with excellent potential for development. A. Paul Gill, Chief Executive Officer, scoured Canada and the company has now acquired the Quatre Milles graphite property located in southwest Québec. The region 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.

Located approximately 175 km northwest of Montreal and 17 km north of the village of Sainte-Veronique, Québec, the road accessible Quatre Milles graphite property is early stage; however, initial exploration results have been very encouraging. Past operator, Graphicor Resources Inc., completed reconnaissance mapping and prospecting as well as ground geophysics and a 26-hole diamond drill program totaling 1,625 metres back in 1989.

Read Article in its entirety.

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Strike Graphite Mobilizing Drill to Simon Lake Graphite Property

Posted by AGORACOM-JC at 8:26 AM on Tuesday, April 24th, 2012

VANCOUVER, BRITISH COLUMBIA–(April 24, 2012) – Strike Graphite Corp. (TSX VENTURE:SRK) (the “Company”) is pleased to announce that it has begun mobilizing field crews to commence an exploration drill program at its wholly owned Simon Lake Graphite Property, located in Northeastern Saskatchewan.

Drilling is anticipated to begin on or about April 24, and expected to require from 35 to 40 days to complete. The exploration will test both historic showings and those identified from the recently completed VTEM program. Approximately 2,500 to 3,500 m within ten holes, will be completed along the 25 km long conductive trend.

Initial drilling will focus on testing known graphite mineralization along the original 5.5 km long, Simon Lake conductive trend; with approximately 2-3 holes. Up to 7 additional holes will test the recently identified 25 km long conductor, located southwest of Simon Lake, proximal to Saskatchewan Highway 905. The results of the high-resolution airborne TDEM survey (News Release: February 23rd, 2012) are currently being interpreted and combined with the historic drill-hole intersections of graphite and existing structural information. The interpretation consists of advanced forward plate modeling of the graphitic horizons at depth; the work is being conducted by Living Sky Geophysics Inc., of Saskatoon, SK.

All relevant graphite intersections recovered from drill-core material will be processed for mineralogical characterization and initial metallurgical testing.

The work program represents the second phase of the Company’s aggressive 2012 campaign that will include a summer and fall exploration program of further ground surveys and drilling. This exploration will advance the highest priority targets in terms of large-flake graphite along this 25 km trend.

To view a Drill Plan Map overlay on the earlier released EM Survey please click the following link:

http://www.strikegraphite.com/images/Simon-Lake-Project-Target-Areas.jpg

The Simon Lake Graphite Project covers 11,800 hectares, and is located approximately 300 km northeast of La Ronge, Saskatchewan and is intersected by Highway 905. The property consists of several showings of flake graphite mineralization in historic drill holes, which were discovered during the exploration of base metals during the early 70’s. Historic Drill Hole 2-72 encountered a graphitic biotite gneiss with descriptions of “abundant graphite” over a 68 m interval.

Approximately 5.5 km to the southwest, along a the same conductive horizon, Drill Hole E42-5 encountered a graphitic biotite gneiss with core descriptions of “disseminated graphite” or “coarse graphite flakes” over 182.9 m of core, with narrower intervals described as “graphite flakes abundant” and “heavy graphite in 6 to 12 inch bands”.

Within the southwest part of the property, approximately 6 km east of Saskatchewan Highway 905, a large and highly conductive structure has been interpreted as a fold hinge. At this location, the conductive unit exceeds 5 km along strike and is more than 2 km wide; and may represent the strike extension of the graphite-bearing lithologies known at Simon Lake.

Geoff Balderson, President remarks “Explorations is advancing as expected and we intend to continue an aggressive approach to follow-up the large-flake graphite potential that we have identified at Simon Lake. From here our goal remains achieving a graphite resource status as quickly as possible for our shareholders.”

Neil G. McCallum, P.Geo., is a Qualified Person pursuant to NI 43-101, and has reviewed and approved the technical disclosure of this news release.

About the Company:

Strike Graphite Corp. is a progressive exploration company with seasoned management targeting strategic assets on a global scale. In addition to the Deep Bay East and Simon Lake graphite properties, the Company is also active advancing its Wagon Graphite property in Quebec next to the Timcal Graphite mine. The company is also advancing the Satterly Lake gold project in NW, Ontario, located just west of Gold Canyon Resources Inc.

On behalf of the Board of Directors,

Geoff Balderson

For more information on the above or to view the Company’s Corporate Presentation on its Graphite assets and opportunity, please visit the Company’s website at www.strikegraphite.com.

We seek safe harbor.

Contact Information

 

Strike Graphite Corp.
Geoff Balderson
604.669.9330 or Toll Free: 1.866.669.9337
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Graphite: The Boom, China’s Bottleneck and the Exploration Crunch

Posted by AGORACOM-JC at 4:20 PM on Monday, April 23rd, 2012

COMMENTARY–ProspectingJournal.com–

In graphite very few can doubt the potential. When the metal first came into use its applications were widely restricted to lubricants and pencils. The impending boom of the auto industry in the 1960s then allowed it to tap into new markets, substantially widening graphite’s reach and economic value. Today, a similar pattern of technological innovation and ‘new industry’ is at work, promising an enormous appetite that is firmly rooted in graphite’s ever-expanding applications. There is much to be said about the metal’s distinct ability to remain sought after in ‘old’ industries whilst simultaneously enjoying a firm reliance amongst those of the 21st century. According to Simon Moores, graphite’s versatility is a result of its key properties. He noted, “it’s conductive; it’s a lubricant; it’s resistant to high temperatures and it’s a strong mineral”.

In graphite almost all the boxes are ticked and many within the industry are well aware of its potential. Kevin Puil, senior analyst for the Encompass Fund, exclaimed, “there is no substitute for graphite in many technologies, such as lithium-ion batteries. Between cell phones, tablets, laptops, hybrid and electric cars…the industry is growing at 25-30 percent annually.” And thus the growth of the hi-tech industry is commonly perceived as our 21st century equivalent to the 1960’s auto-industry boom. But where the potential is evident and the demand is insatiable, supply simply isn’t. The graphite industry, amongst the fastest growing, has recently seen the wind knocked off its sail because the world’s largest graphite producer is currently holding a very tight reign.

China currently accounts for about 70 percent of global graphite production and it has recently demonstrated a stance towards even greater protectionism. Jacob Securities’ Senior Mining and Metals Analyst, Luisa Moreno, stated, “China wants to better utilize its resources primarily for its own economic development…China, just as most nations, would like to be self-sufficient in key mineral resources”. Moreno then went on to exclaim, “I believe China is in a resource-preservation mode”. In reality there is little the rest of the world can do about it because in truth, nobody is going to fathom the power to bully the world’s second largest economy. China’s stance had led to several repercussions. For one, it has ensured that the price of graphite has grown considerably higher. Kevin Puil noted, “China definitely has a stranglehold on the global graphite supply…It’s 20 percent export duty, 17 percent valued added tax and export licensing system should further tighten supply and drive prices higher”. So on negative side, the graphite boom has come at a time when our primary supply has chosen to restrict its rare earth exports. On the plus side, it has prompted the rapid growth and expansion of juniors across the world.

A lot of these juniors have sprung up in Canada, companies of the likes of Northern Graphite Corp. (NGC:TSX: NGPHF:OTCQX). Northern Graphite currently holds 100 percent interest in its Bissett Creek deposit in Ontario. The deposit is conveniently located 17 kilometers from the Trans Canada Highway and boasts considerable infrastructure. This was reiterated by Kevin Puil, who noted, “its entire Bissett Creek deposit in Ontario is flake graphite…it has great infrastructure nearby, including power, gas roads and a small community”. According to Puil, flake graphite “is sought after for its applications in new technologies like lithium-ion batteries and solar panels”. As a result flake is more valuable than other types of graphite and fetches a higher price.

Last week, Northern Graphite announced it had formed a strategic partnership with Panacis, a company that makes battery systems in the telecommunications, defense and renewable energy industries. Northern’s chief executive, Gregory Bowes, stated, “Panacis has a great deal of knowledge and expertise with respect to the manufacture and testing of Lithium ion batteries and has established relationships with most manufacturers. This provides us with a very important window into the Lithium ion battery world”. Northern graphite has allowed itself to stand out, boasting flake graphite that is essential to many new industries and at the same time, tying down a partnership with a powerful buyer.

With China continuing to bottleneck short-term supply chains, juniors such as Northern have been provided with huge incentives and have spent considerable amounts in exploration and feasibility studies. They are still years away from production, but given their strong financial position, these companies look poised to capitalize. Strong demand, high prices and Chinese export restrictions are a proving a perfect formula for the success of today’s juniors.

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Jason Staeck
ProspectingJournal.com

Source: http://www.prospectingjournal.com/graphite-the-boom-china%E2%80%99s-bottleneck-and-the-exploration-crunch042312/

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