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Velocity Minerals Ltd.-Quebec Graphite Properties Host Large Flake Crystalline Graphite

Posted by AGORACOM-JC at 10:35 AM on Monday, April 23rd, 2012

VANCOUVER, BRITISH COLUMBIA–(April 23, 2012) – Velocity Minerals Ltd. (TSX:VLC) is pleased to provide further details of historic exploration of its three newly-acquired graphite properties located in the Central Metasedimentary Belt of the Grenville Geologic Province of southwestern Quebec. The following information is from sources that are believed to be reliable but does not meet requirements of National Instrument 43-101 and is provided for information purposes only. The Company’s management and Qualified Persons are conducting due diligence studies to confirm the historic data.

Historical assessment reports, filed in 1991 and 1992 with Quebec’s Ministry of Energy and Resources Mines Sector, refer to large flake graphite on the Ascension and the Lac Vert mining properties and flake graphite on the Buckingham property.

According to the reports, graphite locally occurring on the Ascension “…as flakes up to 1cm in diameter but typically varying from 0.5mm to 5mm in diameter, appears to be preferentially developed within the marble units although minor graphite can be present locally in any of the sedimentary lithologies.”

Similarly, the reports indicate that samples collected from the Lac Vert property contained graphite flakes from 0.5mm to 2.0mm in diameter. The following samples are from historic data. Lower grade samples also were reported.

Sample number Percent Graphite Sample number Percent Graphite
#42404 18.95 % #42411 21.25 %
#42405 18.48 % #42422 4.67 %
#42406 17.58 % #42423 5.06 %
#42407 21.31 % #42424 23.00 %
#42408 19.13 % #42425 15.09 %
#42409 20.73 % #42426 1.68 %

Flake graphite is usually categorized by size as:

Large Flake +80 mesh (> .177mm)

Medium Flake +100 mesh (> .149mm) to -80 mesh (< .177)

Fine Flake -100 mesh (< .149mm)

Recent price quotes indicate that large and jumbo flake graphite, comparable to that reported from the Velocity properties, commands a premium price in the commodity market.

CAUTION: The above-detailed analyses have not been verified in any way by Velocity Minerals Ltd. or its Qualified Persons.

Gerald Diakow, President of Velocity Minerals Ltd., said, “Based on the historic data, we are confident that the claims host the large flake and, in fact, extra large flake graphite, which is highly sought after, and is found in a carbonate setting that reflects well for efficiently extracting the graphite from the ore.”

This News Release is based upon information prepared under the supervision of Erik A. Ostensoe, P. Geo., a Qualified Person (as defined in NI 43-101). However, the specific data referred to herein was obtained from government files and other historical sources believed to be reliable but which have not and cannot be verified.

Velocity Minerals Ltd. is a public company dedicated to the acquisition, exploration and development of molybdenum and other mineral resources. In addition to the Company’s two Cassiar, B.C. area properties, several other opportunities in the mining industry in North America and elsewhere are actively being pursued.

On behalf of the Board of Directors,

Kenneth R. Holmes, Chairman.

Forward-Looking Information

This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or by words indicating that events or conditions “will”, “would”, “may”, “could” or “should” occur. 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 may differ materially from those in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

The TSX has neither approved nor disapproved of the information contained herein.

Contact Information

 

Velocity Minerals Ltd.
Jeremy Yaseniuk
Investor Relations
(604) 689-7411 or Toll Free: (866) 920-0567
www.velocityminerals.com

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Zenyatta Ventures; Drilling Continues to Intersect Wide Zones of Graphite Breccia at Albany GRAPHITE Deposit in Ontario, Canada

Posted by AGORACOM-JC at 10:26 AM on Monday, April 23rd, 2012

THUNDER BAY, ONTARIO–(April 23, 2012) – Zenyatta Ventures Ltd. (“Zenyatta” or “Company”) (TSX VENTURE:ZEN) is pleased to announce an update on drilling at the Albany Graphite Deposit, located near Hearst in northeastern Ontario, Canada.

Drill hole #3 (Z12-4F3), which is near completion, was collared 200 metres (‘m’) north of the original discovery drill hole (Z11-4F1) and drilled in a southerly direction. Significantly, upon passing through the overburden/limestone, the hole immediately intersected graphitic breccia which shows the deposit coming to near surface. A wide zone (43.1m) of graphitic breccia was intersected from 62.6m to 105.7m followed by a zone of graphitic overprinting from 105.7m to 133.5m. Another, very wide zone (128.1m), of graphitic breccia was intersected from 133.5m to 261.6m. This represents the largest intersection of graphitic breccia drilled to date. Graphitic overprinting consists of veinlets of graphite within the granite.

Drill hole #2 (Z12-4F2) was designed to test the southern extent of the graphite breccia pipe. The drill hole was collared 200 metres (‘m’) south of the original discovery hole (Z11-4F1) to test the limits of the geophysical anomaly model and to define the contact of the graphitic breccia body. The drill hole defined this contact and intersected a wide zone of graphitic breccia and graphitic overprinting, where the breccia pipe model predicted it would be located. The drill hole intersected a wide zone (59.62m) of graphitic breccia from 380.27m to 439.89m.

Graphite analyses for these two (2) drill holes are expected over the next 10-12 days. A plan map, section and additional photos can be found on the website at www.zenyatta.ca.

Holes #4 (Z12-4F4) and #5 (Z12-4F5) have been proposed by our geological technical team and are shown on the website plan map. These drill holes will further test the geophysical conductor with a large (400m) step-out to the east. Hole #4 is scheduled to be started in the next 5-7 days.

The goal of the current drill campaign is to geologically define the extent of the graphite breccias, delineated by an airborne geophysical conductor with approximately 4000m of wide-spaced drilling over the next 2 months. As previously announced in the Company’s news releases, recent drill holes on the Albany project have intersected extensive graphite-rich breccia zones. Subsequent petrographic examination of samples sent to Lakehead University (“LU”) confirmed the drill hole had intersected a very rare hydrothermal (magmatic) occurrence of graphite with a flake size ranging from fine (-270 mesh) to coarse (+40 mesh). As per recommendations of the LU report, SGS Canada Inc. (Mineral Services Division of Lakefield) has been engaged to assess the purity and metallurgical response of the graphite material.

Aubrey Eveleigh, President and CEO stated “Drilling continues to expand this unique and large graphite deposit at our Albany project. The Company is looking forward to continued definition drilling and receiving the graphite analyses within the next 2 weeks.”

The graphite discovery is located 30km north of the Trans Canada Highway, power line and natural gas pipeline. A rail line is located 70km away and an all-weather road approximately 4-5km from the graphite deposit. The Albany graphite deposit is near surface, underneath glacial till overburden.

Mr. Aubrey Eveleigh, P.Geo., President and CEO, is the “Qualified Person” under NI 43-101 and has reviewed the technical information contained in this news release.

This News Release includes certain “forward-looking statements”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

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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Northern Graphite Reports Additional Metallurgical Test Results

Posted by AGORACOM-JC at 10:12 AM on Monday, April 23rd, 2012

Variability testing confirms large flake, high purity, high recovery throughout resource

OTTAWA, ONTARIO – Northern Graphite Corporation (TSX VENTURE:NGC)(OTCQX:NGPHF) is pleased to announce that variability testing has been completed on its Bissett Creek Project and has confirmed that the high recovery of large flake, high purity graphite is consistent across the entire resource. The overall recovery from eight Locked Cycle Tests (“LCT”) was 97% and almost all concentrate will qualify for large flake (+80 mesh), high carbon (94%) pricing. In fact, 33% of the concentrate was +50 mesh, 97% graphitic carbon (“Cg”) and 19% was +32 mesh, 98% Cg which are exceptional products that will attract premium pricing based on both flake size and carbon content. In two of the locked cycle tests the +32 mesh concentrate reached 99% Cg.

SGS Metallurgical Services (Lakefield) (“SGS”) performed the LCTs on representative drill core samples taken from a number of locations within the deposit to confirm that the recovery and flake size distribution were consistent throughout the resource. The eight LCT tests produced final concentrates which showed consistent flake size distribution and carbon content. The overall concentrate grade averaged 95% Cg with a 97% recovery. A concentrate which grades 94% Cg and has a flake size distribution of 80% greater than +80 mesh is the industry standard large flake product. Almost all Bissett Creek production meets this specification as 75% of the final concentrates were +80 mesh. Approximately 5% of the concentrate was +100 mesh, 94% Cg and 10% was +200 mesh, 93% Cg. Less than 9% was very small, -200 mesh flake grading 83% Cg. Concentrate smaller than -150 mesh and 90% Cg may not be salable unless it can be upgraded to +90% Cg which the Company believes it can achieve by recirculating the -200 mesh flake within the circuit.

Most significantly, 52% of the graphite concentrate produced was jumbo size, +50 mesh flake which averaged 97.4% Cg. Two of the tests produced +32 mesh flake at greater than 99 % Cg. No premium pricing was used in the Preliminary Economic Assessment and it will not be used in the bankable final Feasibility Study (“FS”).

Gregory Bowes, Chief Executive Officer, commented that: “We have now successfully completed the full suite of metallurgical testing, including lab and bench scale work, a bulk sample/pilot plant test and now variability testing, and believe it confirms Bissett Creek concentrates will have the best flake size distribution and the highest carbon content in the industry.” He added that: “With the FS scheduled for completion in May, 2012, Bissett Creek is one of the most advanced new graphite projects in the world.”

Concentrate Flake Size Distribution (%) and Graphitic Carbon (Cg) Grade (%)

Composite Recovery
%		 +32
(%)		 Cg
(%)		 +50
(%)		 Cg
(%)		 +80
(%)		 Cg
(%)		 +100
(%)		 Cg
(%)		 +200
(%)		 Cg
(%)
LG Pit #3 96.8 19.0 96.1 32.8 95.6 23.2 94.2 5.0 93.8 10.4 90.0
LG Pit #4 95.2 22.6 97.6 32.6 96.3 20.1 94.6 4.6 92.3 9.5 91.2
MG Pit #2 97.7 23.7 98.5 34.1 97.5 22.1 96.1 3.9 95.5 8.7 95.3
MG Pit #4 96.8 25.7 97.5 32.8 96.5 19.9 95.5 3.8 94.5 9.3 92.3
HG Pit #1 99.1 11.2 98.5 31.9 97.8 28.1 94.3 7.0 91.1 12.8 91.5
HG Pit #2 96.2 14.8 99.2 32.8 97.4 25.9 96.1 5.9 95.0 12.0 93.3
HG Pit #3 97.1 20.2 97.4 35.1 96.3 22.7 95.1 5.3 94.8 9.3 93.6
HG Pit #4 98.3 15.7 99.0 32.0 98.9 24.4 94.9 6.0 95.2 11.7 94.7
Average 97.1 19.1 98.1 33 97 23.3 95.1 5.2 94 10.5 92.7
Note: 8.9% of concentrate was -200 mesh at 83% Cg

Test work at SGS has been ongoing for the past year and a half and culminated in a pilot plant program in December 2011 which also demonstrated that over 50% of the recovered flake will be +50 mesh grading over 97% Cg. The overall carbon recovery in the LCT tests was 97.1% and indicate that with optimization, Pilot Plant recoveries of 90.5% to 94.5% can be increased to 95% in the full scale mill.

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

About SGS Metallurgical Services (Lakefield)

SGS Metallurgical Services is recognized as the world leader in the development of bankable flowsheets and pilot plant programs. SGS Metallurgical Services was founded over half a century ago. Its metallurgists, hydrometallurgists and chemical engineers are experienced in all the major physical and chemical separation processes utilized in the recovery of metals and minerals contained in orebodies around the world.

About Northern Graphite Corporation

Northern Graphite Corporation is a Canadian company that has a 100% interest in the Bissett Creek graphite project, located 17kms from the Trans Canada highway between Ottawa and North Bay, Ontario and close to infrastructure. A FS and Mine Closure Plan (“MCP”) are expected to be completed and filed in May, 2012. On acceptance of the MCP the Company will be in a position to initiate construction, subject to positive results from the FS and the availability of financing.

Graphite prices have increased substantially due to the ongoing modernization of China and other emerging economies which has resulted in strong demand from traditional steel and automotive markets. In addition, new applications such as lithium ion batteries, fuel cells and nuclear power have the potential to create significant incremental demand growth. It takes 20 to 30 times as much graphite as lithium to make a Li ion battery and their use in the growing EV/HEV market is expected to require significant increases in graphite production. However, graphite production and exports from China, which produces 70% of the world’s supply, are expected to decline and an export tax and a licensing system have been instituted. Both the European Union and the United States have declared graphite a supply critical mineral.

Northern Graphite is well positioned to benefit from this compelling supply/demand dynamic with a near term development project located in Canada. Additional information on Northern Graphite Corporation can be found under the Company’s profile on SEDAR at www.sedar.com and on the Company’s website at www.northerngraphite.com.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Gregory Bowes, CEO
    (613) 241-9959Don Baxter P.Eng, President
    (705) 789-9706

Source: http://www.marketwire.com/press-release/northern-graphite-reports-additional-metallurgical-test-results-tsx-venture-ngc-1647222.htm

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Tap Profits in the Graphite Market: Simon Moores

Posted by AGORACOM-JC at 11:02 AM on Friday, April 20th, 2012

Graphite is the Next Big Thing for resource investors, but as in any sector, due diligence is a prerequisite for success. Enter Simon Moores, graphite market specialist with Industrial Minerals in London. In this interview with The Critical Metals Report, he explains why graphite is “the perfect mineral,” why we’re still going to be talking about it years from now and which companies to watch in this emerging industry.

The Critical Metals Report: You once called graphite the perfect mineral. Why?

Simon Moores: It’s conductive; it’s a lubricant; it’s resistant to high temperatures and it’s a strong mineral. This means it doesn’t have just one major market; it has an abundance of markets and uses. It’s key to existing technologies that have been around for 100 years as well as new technologies, like lithium-ion batteries.

But despite what many think, it’s not a niche industry. Rare earths and lithium are niche industries. Each year, 1.1 million tons (Mt) of graphite is produced. It’s bigger by volume than molybdenum, vanadium, cobalt, tungsten, rare earths and lithium combined.

Graphite miners operate all around the world in Canada, Brazil, Europe, India and, of course, China, which accounts for 80% of production. That’s a new figure that our research at Industrial Minerals has just uncovered for the new Natural Graphite Report 2012. China’s grip on graphite production is greater than people thought previously.

TCMR: What is China’s next move in the graphite market? Do you think there will be more quotas and export restrictions?

SM: There are no rare-earth style quotas at the moment. China doesn’t say, “We are only allowing 400,000 tons (t) of graphite to be exported every year.” But the country is doing things that could restrict the raw materials supply. The government doesn’t like exporting raw materials that other people make money from. It is trying to build a value chain to unlock the value in its natural resources.

For example, China exports flake graphite to Japan. Japan turns it into battery-grade graphite, which is then used to make anodes, which is then used to make batteries, which Japan then ships for a much higher cost than the raw graphite. Now China is trying to build those finished products domestically. As a result, less raw material will come out of the country. In addition, China is trying to control its sprawling mining industry by forcing consolidation. Graphite is a perfect example of a sprawling Chinese mining industry.

TCMR: China is already encouraging foreign companies who depend on rare earth elements (REEs) to set up shop in the country. Do you see the same story unfolding in the graphite industry?

SM: The difference with rare earths is that China is the only place you can get good supply. It operates the world’s only mine in Inner Mongolia until Molycorp and Lynas truly get underway.

China is aware that companies can get graphite elsewhere. It is also aware that at the moment it makes good business sense to sell quality raw material at high prices for the short term. Longer term, the story is different.

TCMR: China’s had environmental problems with some of its rare earth operations. You visited some graphite mines in China. Are the graphite mines environmentally problematic?

SM: No, it’s basic mining that has been around for centuries – extracting from the ground, crushing and grinding. You then put it in a floatation tank with reagents. This part of the process requires chemicals, but these are well known chemicals used in many other industries. Finally, graphite processors dry it and bag it. Graphite is an inert mineral, so it’s not harmful. There are no underlying environmental problems in graphite mining.

The only area that holds some controversy is processing into spherical graphite, which requires additional chemical and physical treatment. Acid treatment is quite intensive and there could be future controversy surrounding the disposal of acids used.

TCMR: Are the Chinese mines primarily producing large-flake graphite or a lower-end product?

SM: It’s almost a 50-50 split. Flake graphite mining exists all the way down the country’s spine. This is good-quality material suitable for both domestic and international refractory and battery markets.

The Hunan province, in the south, is home to amorphous graphite, the old-style graphite people first started mining around the world. Amorphous is more common because the graphitization is lower and closer to coal, whereas flake graphite is closer to diamonds. Amorphous graphite supplies lower-end markets that produce products like pencils and lubricants.

Source: http://www.resourceinvestor.com/2012/04/20/tap-profits-in-the-graphite-market-simon-moores?ref=hp

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Lomiko to Present Views on The Graphite Revolution at The Money Expo April 21, 2012

Posted by AGORACOM-JC at 10:54 AM on Thursday, April 19th, 2012

Vancouver BC – LOMIKO METALS INC. (TSX-V:LMR, OTC: LMRMF, Europe: ISIN: CA54163Q1028, WKN: A0Q9W7,) (the “Company”) will attend the Money Expo which will be held April 21, 2012 in Kelowna, B.C. to speak on the phenomena CEO A. Paul Gill has called “The Graphite Revolution”. Investors have scrambled to invest in companies as the companies themselves participate in a staking and acquisition frenzy in Southern Quebec and Ontario in the Grenville Geological Region.

Lomiko optioned the Quebec Quatre Milles Graphite Property January 5, 2012 to search for large flake, crystallite graphite which is sought after for use in creating graphene, a newly discovered, chicken-wire shaped formation of carbon which is one-atom thick and has incredible properties that can make it 200 times stronger than steel, a superconductor at room temperature and heat-resistant. Research scientists world-wide are experimenting with new technology that uses graphene and at least 100 new patents have been filed. Two scientists that made the discovery of graphene won the Nobel Prize for Physics in 2010.

The conference will feature speakers on all aspects of wealth management and investment strategy with David Morgan of Silver Investor speaking on Silver, Keith Schaefer of the Investments Bulletin speaking on Oil and Gas and Danielle Park on Wealth Protection.

Registration for the event is still available at http://moneyexpo.ca/index.php/register/attendee

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

For more information, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: [email protected]

On Behalf of the Board

“A. Paul Gill”

Chief Executive Officer

We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

–

Copyright (c) 2012 Thenewswire.ca – All rights reserved.

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Big North Announces Acquisition of Griffith and Brougham Graphite Properties

Posted by AGORACOM-JC at 10:24 AM on Thursday, April 19th, 2012

Big North Announces Acquisition of Griffith and Brougham Graphite Properties and Investor Relations Agreement

Apr 19, 2012 – Vancouver, B.C., April 19, 2012 – BIG NORTH GRAPHITE CORP. CA:NRT -10.00% (the “Company” or “Big North”), is pleased to announce that further to its press release dated March 15, 2012 it has signed a Definitive Mineral Property Option Agreement (the “Option Agreement”) with Zimtu Capital Corp. (“Zimtu”) CA:ZC +2.36% and two of Zimtu’s prospecting partners (collectively, the “Optionors”) pursuant to which Big North has been granted an option (the “Option”) to earn a 100%-interest in the approximately 6,500 hectare Griffith and Brougham properties, located in southern Ontario (the “Property”), for graphite exploration.

The properties consists of two approximately equal-size claim blocks in the Lyndoch-Griffith and Brougham Townships and are located about 140 kilometres south of Ottawa. The properties contain or adjoin numerous historical graphite occurrences. The Property is located in an area of well-established access and infrastructure.

Further details regarding the Property can be found in the Company’s March 15, 2012 press release. Maps of the Property will be posted on the Company’s website at: http://www.bignorthgraphite.com/ .

The Company intends to mount an exploration campaign on the Property commencing with an Airbourne EM survey followed by surface work, trenching and diamond drilling. The exploration target is an open-pittable, course flake graphite deposit similar to other graphite deposits and mines in the region such as Northern Graphite Corp.’s CA:NGC +2.71% Bissett Creek Deposit and Ontario Graphite Ltd.’s (private) Kearney Deposit.

The Option Agreement

Pursuant to the terms of the Option Agreement, Big North may acquire a 100%-interest in the Property by:

(i) on or before the dates indicated below, making the following cash payments:

         ---------------------------------------------------------------
         |Date                              |Cash Payment              |
         |-------------------------------------------------------------|
         |Upon signing the letter of intent |$40,000 (which payment has|
         |                                  |been made)                |
         |-------------------------------------------------------------|
         |Upon TSX Venture Exchange (aEURoeTSXVaEUR)|$40,000                   |
         |acceptance of the                 |                          |
         |Option Agreement                  |                          |
         |(the aEURoeEffective DateaEUR)            |                          |
         |-------------------------------------------------------------|
         |Total:                            |$80,000                   |
         ---------------------------------------------------------------

(ii) on or before the dates indicated below, issuing to the Optionors, an aggregate of 2,000,000 Big North common shares:

         --------------------------------------------------------------
         |Date                                       |Number of Shares|
         |------------------------------------------------------------|
         |Within five days of the Effective Date     |1,000,000       |
         |------------------------------------------------------------|
         |Fourteen months after the Effective Date   |500,000         |
         |------------------------------------------------------------|
         |Twenty-four months after the Effective Date|500,000         |
         |------------------------------------------------------------|
         |Total:                                     |2,000,000       |
         --------------------------------------------------------------

The Optionors will retain a 2% Net Milling Royalty on the Property, 1% of which can be purchased by Big North for $1,000,000 at any time.

The Optionors and Big North are arm’s length parties as defined by TSXV policy. A finder’s fee may be paid in connection with the 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, required corporate approvals and TSXV acceptance. There can be no assurance that the transaction will be completed as proposed or at all.

Investor Relations Agreement

In addition, the Company is pleased to announce that it has retained Trident Financial Corp. (“Trident”) to provide investor relations services to the Company effective April 1, 2012. Trident is a Vancouver-based investor relations, communications and business development company serving public and soon to be public companies that specializes in finding the audience, partnerships and assets required to be successful. The services provided by Trident will encompass building and maintaining an informed investor audience for the Company and advising the Company with respect to its public communications materials, including the Company’s website.

Trident and its principal shareholders are at arm’s length to the Company and do not currently own any securities of the Company as of the date hereof but may purchase securities in the Company from time to time for investment purposes.

The agreement with Trident is for an initial three-month term with provision for extension upon mutual agreement of the parties. The Company will pay Trident a monthly fee of $5,000 (plus applicable taxes) and will be granted 50,000 stock options to purchase common shares of the Company which will vest 25 percent per quarter and will be exercisable until the earlier of one year from the date of grant and 90 days following termination of services under the agreement.

The investor relations agreement and the issuance of options are both subject to the approval of the TSXV.

Mr. Bill Brereton, P.Eng., a Qualified Person as defined by National Instrument 43-101, independent of Big North, and an Optionor of the Property, has reviewed and approved the technical content of this release.

For further information concerning this press release, please contact Spiro Kletas at (604) 629-8220.

ON BEHALF OF THE BOARD

“Spiro Kletas” Spiro Kletas President and Chief Executive Officer

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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Rare Earth Metals Reports 6.17% C-Graphite from Manitouwadge Property

Posted by AGORACOM-JC at 9:42 AM on Thursday, April 19th, 2012

THUNDER BAY, ONTARIO–(April 19, 2012) – Rare Earth Metals Inc. (“Rare Earth Metals“, “RA” or the “Company“) (TSX VENTURE:RA)(OTCQX:RAREF)(PINKSHEETS:RAREF) is pleased to announce assay results from sampling completed during a recent due diligence prospecting program on the Manitouwadge Graphite Property. The property consists of 128 staked claim units totaling 2072 hectares, located approximately 30 kilometers north of the town of Manitouwadge in northwestern Ontario. RA owns a 100% interest in the claims.

A total of six surface grab samples were taken during the prospecting program and assay values range from 0.2% to 6.17% graphite. The samples were collected from an area 900 meters by 300 meters in size and encompass the Thomas Lake Road Graphite Occurrence. Sampling at the Thomas Lake Road showing resulted in an assay of 3.62% C-Graphite and the highest value of 6.17% C-Graphite came from a possible parallel zone located 900 meters to the west. The historic Thomas Lake Road Occurrence is described as a 4 meter wide zone of flake graphite, locally up to 20% graphite and hosted by strongly metamorphosed, granulite facies sediments (ref. OGS Open File Report 5889).

The recent sampling has identified graphite mineralization along a minimum 900 meter trend coincident with two or more airborne electromagnetic (AEM) zones located within an intense magnetic low. These geophysical features were defined using information from a 1989 airborne geophysical survey completed by Dighem Surveys for Noranda Exploration Services. The new graphite showings are coincident with a 4 kilometer long AEM trend, however, the full relationship of the graphite and the airborne “conductors” remains to be ascertained. Graphite is a highly conductive mineral; however, the electromagnetic signature depends on the zones’ thickness, purity and continuity of the graphite minerals. A number of other similar AEM “conductors” in the area have also been staked and will be evaluated for their graphite potential.

Additional work will be done on the prospect samples to quantify the flake size of the higher grade samples. Rare Earth Metals is also planning an exploration program which will help determine the extent of the flake graphite mineralization. An initial grassroots program consisting of geophysics/ trenching/sampling on the Thomas Lake Road Graphitic horizon and prospecting of the AEM “conductors” will be under way by early May.

In summary, the Manitouwadge Graphite Property has a number of positive elements including:

  • a known, but little worked, flake graphite horizon(s)
  • three new graphite occurrences with assays up to 6.17% C-Graphite from recent due diligence prospecting
  • a number of untested AEM “conductors”, several of which are proximal to the old and newly discovered graphite showings
  • a favourable geological setting consisting of recrystallized meta-sediments which are a common host to most flake graphite deposits
  • excellent location and infrastructure

Michael Stares, President and CEO of Rare Earth Metals states, “This initial sampling program has generated some impressive graphite grades and has identified an extensive horizon of graphite mineralization within the recently staked claims. We look forward to completing the proposed field work and begin to fully evaluate the potential of this 100% owned project.”

The surface grab samples described in this news release are selective by nature and are unlikely to represent average grades on the property. The samples were delivered to Actlabs sample prep facility in Thunder Bay, ON., where they were prepped and analyzed for their organic carbon (graphite) content using internal lab QA/QC protocols.

Reg Felix, P.Geo., is a qualified person as defined in National Instrument 43-101, and has reviewed and approved the technical information forming the basis for release.

About Rare Earth Metals Inc.

Rare Earth Metals is a well-funded company with a focus on exploring for Rare Earth Element deposits. The Company’s shares are listed on the TSX-V exchange under the symbol RA and the OTCQX exchange under the symbol RAREF. The Company presently has two advanced projects in Ontario and Newfoundland and Labrador, both exhibiting multi element potential (REEs, Niobium, Beryllium, Zirconium and Iron Ore) and proximity to available infrastructure. Its flagship properties are the Clay-Howells Prospect and the Red Wine Project. The Company has recently acquired additional properties in the Coldwell Complex near Marathon, Ontario and the Lavergne-Springer REE Prospect near Sturgeon Falls, Ontario. Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under the Company’s profile at www.sedar.com. For more information please visit the Rare Earth Metals web site at www.rareearthmetals.ca.

ON BEHALF OF THE BOARD OF DIRECTORS OF RARE EARTH METALS INC.:

Michael Stares, President and CEO

This release includes certain statements that may be deemed forward-looking statements. All statements in this release, other than statements of historical facts, that address future production, reserve potential, 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, 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 those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company’s filings that are available at www.sedar.com.

Company information distributed through the Market Access Program is based upon information that Standard & Poor’s considers to be reliable, but neither Standard & Poor’s nor its affiliates warrant its completeness or accuracy, and it should not be relied upon as such. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.

“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

 

Rare Earth Metals Inc.
Michael Stares
President and CEO
(807) 623-6840
(807) 623-9526 (FAX)

Corporate Communications: Rare Earth Metals Inc.
Matt Witiluk, C.A.
(807) 623-6840
(807) 623-9526 (FAX)
[email protected]
www.RareEarthMetals.ca

Standard and Poor’s Customer Contact:
Richard Albanese
(212) 438-3647
[email protected]

Standard and Poor’s Media Relations Contact:
Michael Privitera
(212) 438-6679
[email protected]

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Kent Exploration Reports 43 Meter Graphite Bearing Zone at Alexander River

Posted by AGORACOM-JC at 5:07 PM on Wednesday, April 18th, 2012

VANCOUVER, BRITISH COLUMBIA–(April 18, 2012) – Kent Exploration Inc. (TSX VENTURE:KEX)(PINKSHEETS:KXPLF)(FRANKFURT:7KX), (the “Company” or “Kent”) reports the presence of significant graphitic intervals in drill core at its Alexander River Project in the Reefton goldfield, South Island, New Zealand. (“NZ”). The graphite is of a soft silvery-grey nature and is present as graphitic schist in carbonaceous parts of a greywacke sequence (Greenland Group) and as associated small veins along minor faults.

During our 2010 and 2011 work programs, the Company conducted an IP survey, followed up by a diamond drill program, on our Alexander River Gold Project in New Zealand. In four diamond drill holes, AX002, AX003, AX005 and AX009, over a strike length of approximately 1 kilometer, graphite is variably present in the drill core. In drill hole AX005, a 43 meter graphitic interval is present from 97 meters to 140 meters. In drill hole AX002, a 34 meter graphitic interval is present from 107 meters to 131 meters. In drill hole AX009, graphite was present intermittently from 128 meters to 145 meters and from 206 meters to 217 meters down hole, while in AX003 variable graphite was present intermittently between 173 meters to 210 meters down hole.

Some of the IP anomalism is likely attributable to the graphite. Only moderately anomalous zones of the IP anomalies were drilled and the stronger anomalous IP zones below and parallel to the historic gold workings have the potential to contain more concentrated graphite. Depending on the quality, graphite can be economic with grades as low as 2-3%.

Due to short supply, graphite is rapidly becoming a strategic material. The United States Geological Survey (USGS) in its most recent pricing survey notes that Graphite prices for 2011 ranged from US$299/ton for amorphous graphite to US$2,070 per ton for flake, lump and chip graphite. For higher purity graphite, prices range up to US$3,000 per ton.

The Company President & CEO, Graeme O’Neill, comments, “During our gold exploration programs we continue to discover industrial minerals on our gold projects. Our barite project, and now our bentonite project, both bring us the potential to establish near term cash flow. Any positive cash flow will allow us to reduce future dilution and fund our gold exploration with its attendant upside.”

Worldwide there is a strong association between metalliferous deposits and graphitic occurrences. Graphite acts as a reducing agent that causes precipitation of the gold. The gold is commonly found in quartz veins where they cross cut the graphitic zones.

At the historic Alexander River gold mine, historic reports identify approximately 41,000 ounces of lode gold as being mined from 47,000 tons of ore. The total strike length of the mineralized zone at Alexander is approximately 2.5 kilometers and in the mid eighties, as reported in filings with NZ Petroleum and Minerals, a historic potential resource of 4 million tons grading 5+ g/t gold was reportedly identified over a strike length of 1.2 kilometers for a potential 643,000 ounces of gold. Follow up sampling of the historic trenches and adits conducted by the Company essentially confirmed the historic grades. The recent diamond drilling program has identified an additional gold bearing zone parallel to, and approximately 300 feet to the north of, the main Alexander River gold bearing zone.

Kent Exploration Inc. is a junior exploration company with a 100% interest in all its major projects, and is planning on building shareholder value through establishing cash flow from its Flagstaff Mountain, WA, barite mine, and then from its now wholly owned bentonite property in Nevada. Any positive cash flow is intended to reduce dilution and fund exploration on its three major high grade gold prospects (Alexander River, Paparoa and Lyell), in the highly prolific West Coast South Island gold fields of New Zealand. Additional shareholder value has been established through its approximately 22% interest in Archean Star Resources Inc, (“Archean”) which is listed on the TSX Venture Exchange under the symbol ASP.

The Company has an experienced management and technical team with extensive exploration expertise and offers investors the potential for a major gold discovery on its New Zealand gold projects.

This News Release has been prepared on behalf of the Kent Exploration Inc. Board of Directors, which accepts full responsibility for its contents. The contents of this news release has been reviewed and approved by Dr. Clay Conway, P. Geol., a Qualified Person as recognized by National Instrument NI-43-101 and a director of the Company.

ON BEHALF OF THE BOARD

Graeme O’Neill, President

Neither the TSX Venture Exchange, nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), has reviewed, nor do they accept responsibility for, the adequacy or accuracy of this news release.

Contact Information

Kent Exploration Inc.
Graeme O’Neill
President
604-684-3394 or Toll free: 1-866-399-6539
1-888-282-7763 (FAX)
www.kent-exploration.com

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Terra cognita — First Graphite moves into Quebec, BC and Saskatchewan

Posted by AGORACOM-JC at 4:25 PM on Wednesday, April 18th, 2012

By Greg Klein

It’s often said that closeology ain’t necessarily geology. But First Graphite’s (TSXV:FGR) Henry Project in north-central Saskatchewan could lay claim to both. It’s about eight kilometres from Noble Bay Mining’s Deep Bay Graphite Project and 20 from Strike Graphite’s (TSXV:SRK) flagship Deep Bay East. As for Henry’s geology, it was a curse back in the day when graphite was considered waste rock. The stuff was unavoidable.

“Henry had work done on it in the 1950s, 1970s and 1980s,” says First Graphite VP Corporate Development Andrew Mugridge. “There were 20 holes drilled on it historically. At the time, they were looking for base metals, and the 20 holes were picked to actually avoid graphite at all costs. But they found 30 metres of obvious graphite content. At that point, they decided to cease work on the area.”

How things have changed. China, which produces about 80% of the world’s graphite supply, has restricted exports. At the same time, predictions call for soaring demand for flake graphite, a type that China hardly produces anyway, to supply future such energy needs as lithium-ion batteries, vanadium redox batteries, fuel cells, solar panels and pebble-bed nuclear reactors. And depending how successfully laboratory experiments consummate scientific imagination, a graphite derivative called graphene could push demand even higher.

 

That glaring gap between supply and demand brought a new focus to First Graphite, which was originally called Solace Resources. “We’d been following some advice from close associates, people who were already following the graphite space one and a half years ago, mainly Zimtu Capital (TSXV:ZC),” says Mugridge. By February, his company picked up its first graphite property, Montpellier in Quebec, followed in late March by Mt Heimdahl in BC and, on April 10, the 22,853-hectare Henry acquisition. With a $1.4-million private placement announced the same day, First Graphite intends to move fast.

“Our Phase I plan, which we’re hopefully beginning in 30 to 60 days, will include a VTEM survey that will fly the entire project to update the airborne mag that was done back in the 1950s and again in the 1970s,” says Mugridge. “That will be simultaneous with, or closely followed with, getting a team on the ground, doing a metallurgical program, obviously ground sampling and mapping, which hopefully will provide us with a significant number of drill targets. We’d do an exploratory drill program in Phase II, which we’re hoping to start in the middle of 3Q 2012. That would be up to a 3,000-metre program.

“We’re very confident that we are going to have drill targets,” he emphasizes. “Everybody that we’ve spoken to on our geological advisory team has been suggesting that we’re in a very similar geological environment to both Deep Bay projects.”

Deep Bay West has a 1976 non-43-101 estimate of 1.8 million tons grading 10.32% carbon to a depth of 60 metres.

“We’re very confident that we’re going to be able to bring at least a discovery to the market here, and our goal will be to advance that to a resource estimate as quickly as possible,” Mugridge says. Henry boasts transportation connections as well. “We’ve got two major highways and a railroad that are either running through our project or within 10 kilometres.”

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First Graphite’s Mt Heimdahl Property also enjoys enviable location and geology. The 1,045-hectare southeast BC property sits about eight kilometres from Eagle Graphite’s beneficiation plant, which processes ore from one of Canada’s two operating graphite mines. The property is 35 kilometres from Nelson and 41 from Castlegar, two important regional centres, and has logging road access. As for geology, “It’s got multiple layers of lenses [with non-43-101 grades] that are up to 8% large-flake disseminated graphite,” Mugridge says.

The company began its graphite love affair with the Valentine’s Day acquisition of Montpellier, a modest 300-hectare property located near Timcal Graphite & Carbon’s Lac-des-Îles Mine, the largest of Canada’s two graphite mines. Grab samples from Montpellier showed grades ranging from 0.82% to 14.4%.

Mugridge believes that the recent acquisitions, along with other properties now under consideration, can place First Graphite among the near-production companies. A strategic partnership, backed by an offtake agreement, could then “take it over the finish line.”

First Graphite will present a talk at OnPage Media’s Graphite Express-Conference in Toronto on May 2. “Around Christmas and into January there was suddenly very much a buzz on the street,” Mugridge reports. “But I think many people dismissed it at first. Then we had the first Graphite Express-Conference in Vancouver and at 2 pm on a pretty lackluster day in the market the room filled with not only retail investors but also the brokers and financiers of the city.”

Mugridge emphasizes his company’s distinctions. “One thing that differentiates us is our ability to finance the acquisition and development of advanced-stage projects in domestic locales that are near good infrastructure,” he points out. “We also have a very superior share structure with only 18.5 million shares issued and outstanding. Even when we finish the $1.4-million financing, we’ll be sitting around just 20 million shares. Beyond that, the stock charts over the last eight weeks show the company has taken great strides in market-capital appreciation. I think we’re positioning ourselves as one of the most aggressively expanding and developed companies in the graphite space.”

At press time, First Graphite had 18.4 million shares outstanding at $0.40 a share for a market cap of $7.36 million.

Read more articles like this at resourceclips.com.

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Caribou Acquires Ten Graphite Occurrences in Ontario

Posted by AGORACOM-JC at 10:06 AM on Wednesday, April 18th, 2012

VANCOUVER, BRITISH COLUMBIA–(April 18, 2012) – CARIBOU KING RESOURCES LTD. (“Caribou” or the “Company”) (TSX VENTURE:CKR)(FRANKFURT:CB8) is pleased to announce that it has entered into an option agreement with an arm’s length exploration and development company (the “Optionor”) pursuant to which Caribou has been granted an option to acquire a 100% interest in a portfolio of properties in Ontario containing ten separate graphite occurrences. Each graphite occurrence has been located through government mapping, and several exhibit significant electromagnetic conductor features according to government geological and airborne survey maps. The portfolio contains 90 units (1,457 hectares) of prospective ground in three separate areas in Ontario: the Mutrie claims (one occurrence), the Savant Lake claims (six occurrences) and the Garden Lake claims (three occurrences).

The Mutrie claim group is located in the Kenora Mining Division, 40km west of Dryden. The flake graphite occurrence is hosted in highly metamorphosed metasediments with a large proportion of remobilized pegmatitic material. The metasediments trend roughly east-northeast and dip to the north at variable angles. The graphitic zones vary widely in graphite content, with widths from 0.5 meter to greater than five meters (from Ontario Geol. Survey Open File Rep. 5718).

The Savant Lake claim group is located within the Patricia Mining Division, approximately 180km north of the town of Ignace. The Savant Lake group encompasses six historical graphite occurrences located by government geologists (from Ontario Geol. Survey Map 2442 Geol. Comp. Series).

The Garden Lake claim group is located within the Thunder Bay Mining Division, approximately 150km north of the city of Thunder Bay. The claims encompass three historical graphite occurrences that also correlate with resistivity anomalies as shown on government compilation maps (from Ontario Geol. Survey Map 82 126; Ontario Geol. Survey Map 82 140).

Caribou will commence field visits to the occurrences immediately to ascertain the extent of each of the graphite occurrences.

The terms of the option agreement between Caribou and the Optionor include cumulative cash payments to the Optionor over four years totaling $92,000 and the issuance of 600,000 common shares of Caribou to the Optionor over a two-year period. If Caribou exercises its option to acquire the properties and begins commercial production on any part of the properties, Caribou shall pay to the Optionor a royalty of 2% of the net smelter returns, provided, however, that Caribou shall have the right at any time to purchase from the Optionor one-half of the 2% net smelter returns production royalty in consideration for a one time payment of the sum of $1,000,000. This transaction is subject to TSX Venture Exchange approval.

The technical contents of this release were approved by Dr. Tom McCandless, P.Geo., President and a Director of Caribou and a qualified person as defined by National Instrument 43-101. The properties have not been the subject of a National Instrument 43-101 report, and Dr. McCandless has not verified the technical data disclosed in this release.

Caribou’s mission is to identify, acquire and advance high potential industrial minerals and base and precious metal prospects. For more information, visit the website at www.caribouking.com.

ON BEHALF OF THE BOARD

Michael England, CEO, Caribou King Resources Ltd.

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

 

Caribou King Resources Ltd.
Michael England
CEO
1-604-683-3995 or Toll Free: 1-888-945-4770
1-604-683-3988 (FAX)
www.caribouking.com

Source: http://www.marketwire.com/press-release/caribou-acquires-ten-graphite-occurrences-in-ontario-tsx-venture-ckr-1645585.htm

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