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Big North Announces Acquisition of Grafito La Barranca Sa De CV, Including 3 Past Producing Graphite Mines

Posted by AGORACOM-JC at 2:45 PM on Tuesday, November 20th, 2012

Vancouver, B.C., NOV 20, 2012 – BIG NORTH GRAPHITE CORP. (TSX-V: NRT) (the “Company” or “Big North”), is pleased to announce that further to its press release dated September 10, 2012, it has signed a Definitive Mineral Property Option Agreement (the “Option Agreement”) with Can-Am Gold Corp. (the “Vendor”) to acquire all of the issued and outstanding shares of Grafito La Barranca SA de CV (“Grafito”), held by the Vendor (which shares represent 99.9% of the issued and outstanding share capital of Grafito).  Grafito is the registered and beneficial owner of two mining concessions located in Sonora, Mexico, which encompass the past producing Nuevo San Pedro, Caraples and La Fortuna amorphous graphite mines.

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

Big North Graphite President & CEO Spiro Kletas states, “We are very pleased to announce the close of the Grafito la Baranca acquisition.   The projects are in the mining friendly state of Sonora, Mexico and have great infrastructure and access. The San Jose de Moradillas region has a rich history of amorphous graphite production. The company intends to help accelerate the re-start of the Nuevo San Pedro mine, along with our JV partner, and we intend to produce amorphous graphite in the near future.  The Company’s goal is to be amongst the first TSX Venture Exchange (the “TSX.V”) companies to produce graphite and we believe that this acquisition puts us in line to accomplish this goal.”

Further details regarding the Property can be found in the Company’s Sept 10, 2012 press release. Maps of the Property will be posted on the Company’s website at: http://www.bignorthgraphite.com/.

The Option Agreement

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

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

-US$25,000 upon signing of the Definitive agreement

-US$150,000 and 1.2 million shares of Big North Graphite within 5 business days of TSX.V approval (“Effective Date”)

-On or before the 6 month anniversary of the Effective Date, issue the vendor an additional 500,000 shares of Big North Graphite

-On or before the first anniversary of the Effective Date, issue the vendor an additional 500,000 shares of Big North Graphtite.

The Vendor and Big North are arm’s length parties as defined by the policies of the TSX Venture Exchange (the “TSXV”). A finder’s fee of $20,000 CDN will be paid in connection with this Transaction as permitted by the policies of the TSX.V, and is subject to TSX.V approval.

The Transaction is subject to TSXV approval.

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.

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

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Donner’s Bracemac-Mcleod Mine Development Continues on Target: Pre-Production to Commence Jan 2013 *sponsor*

Posted by AGORACOM-JC at 10:57 AM on Tuesday, November 20th, 2012

Donner recently provided a development update for the Bracemac-McLeod Mine and an exploration update for the Matagami Project as reported to the Company by partner and project operator Xstrata Canada Corporation-Xstrata Zinc Canada Division.

Bracemac-McLeod Development:

  • Development, now standing at 6,430 metres, has reached the Bracemac Main and the Bracemac KT zones and development in ore has already started at the Bracemac Main zone.
  • Ramping continues at Bracemac and in the two ramps to McLeod. There are now 25,000 tonnes of ore in the stockpile on surface from the Bracemac Main Zone.
  • Pre-production activities will commence in January with the objective of having 3 months of ready-to-blast ore to supply the mill at 3,000 tonnes per day early in the second quarter of 2013.
  • Equipment and buildings are being moved from Persévérance to Bracemac-McLeod in preparation for the transition to production from Bracemac-McLeod.

McLeod Deep Drill Program:

Donner and Xstrata have completed planning of an aggressive 35,000 metre drill program on the McLeod Deep Zone discovery that is currently estimated to contain Inferred Mineral Resources of 2.47 million tonnes grading 9.21% zinc, 1.22% copper, 39.81 g/t silver and 1.12 g/t gold (65% Xstrata, 35% Donner). Drilling will be conducted by multiple wedges from seven new pilot holes. The program will consist of both definition and exploration drilling designed to meet the following objectives:

  • Meet the 50-metre drill hole spacing criteria for the estimation and classification of the McLeod Deep Zone as an indicated resource.
  • Assess the continuity and distribution of gold grades within the base metal sulphide mineralization.
  • Identify possible extensions of mineralization to the southeast, northwest and down-dip.
  • Confirm the presence of mineralization between the McLeod Deep Zone and the bottom of the McLeod Zone, which is currently under development.

Recent Interviews and Presentations

Donner Metals Goes Beyond the Press Release to discuss recent Results.

Cambridge House Presentation

September 2012

Corporate Website / AGORACOM Hub

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

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

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

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

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

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

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

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

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

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

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

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

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

ON BEHALF OF THE BOARD

Chris M. Healey, President and CEO

We seek safe harbor.

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

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

Source: Galaxy Graphite Corp.

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Innolog Announces Q3 Financial and Operating Results – Q3 Revenues Increased 36.5% to $1,555,467

Posted by AGORACOM-JC at 10:45 AM on Thursday, November 15th, 2012

Innolog Announces Q3 Financial and Operating Results – Q3 revenues increased 36.5% to $1,555,467

                                                     (INHC: OTCQB)

Highlights:

  • Q3 revenues ended September 30, 2012 increased 36.5% to $1,555,467 as compared to $1,139,166 for the same period last year
  • Revenues for the nine months ended September 30, 2012 increased 9% to $4,069,869 as compared to $3,731,666 for the same period last year.

Click here to view Press Release

As always, assume we are horribly conflicted and take a closer look yourself, starting with the following links:

60-Second Profile / Corporate Website / Hub on AGORACOM

………………………………….

FAIRFAX, Va., Nov. 15, 2012 — Innolog Holdings Corp. (OTCBB: INHC) today announced its third quarter and nine months results for the period ending September 30, 2012.

Revenues for the quarter ended September 30, 2012 increased 36.5% to $1,555,467 as compared to $1,139,166 for the same period last year. Revenues for the nine months ended September 30, 2012 increased 9% to $4,069,869 as compared to $3,731,666 for the same period last year.

In addition, the Company has shown a corresponding decline in its loss from operations. The loss from operations has declined from $540,610 for the three months ended March 31, 2012 to $418,207 as of June 30, 2012, and down to $306,296 as of September 30, 2012. This is a decline of 43% from the three months ending March 31, 2012 to the three months ending September 30, 2012.

William P. Danielczyk, INNOLOG’s Executive Chairman, stated, “We are pleased to show the continued improvements and growth in our business while we are reducing the operating loss each quarter. We are making progress in developing new markets, while still growing our main business. We remain steadfast on bidding and being awarded government contracts that provide us with positive cash flow and profitability on a project-by-project basis. As we enter the final quarter of this year and look forward to 2013, we remain optimistic about the future and progress of the Company.”

About Us

Innolog Holdings Corporation was formed in March 2009 as a holding company for the purpose of acquiring businesses that provide services primarily to federal government entities. Our primary subsidiary, Innovative Logistics Techniques, Inc. (www.innolog.com), was founded in 1989 to help the Department of Defense address complex logistics business problems. The company is a federal government contractor that brings world-class solutions and leading edge process oriented thinking to the U.S. military, civilian agencies and state and local governments to provide solutions to complex logistics problems.

Additional information is available at www.innologholdings.com.

Statements in this press release that are not statements of historical or current fact, such as the expectation of future revenue growth and profitability, constitute “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause INNOLOG’s actual results to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Factors that could cause INNOLOG’s results to be materially different from the forward-looking statements include whether INNOLOG will be able to find financing when and as it needs it and whether INNOLOG’s revenues will eventually exceed its expenses. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in INNOLOG’s reports filed with the Securities and Exchange Commission, which are available for review at http://www.sec.gov/.

Contact:
Investor Relations
Andrew Barwicki
516-662-9461 / [email protected]

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Focus Announces New Graphite Discovery at Lac Tetepisca Quebec

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

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

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

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

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

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

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

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

About the Lac Tétépisca graphite property

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

Quality assurance / Quality control

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

Other News

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

About Focus Graphite

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

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

Forward Looking Statements – Disclaimer

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

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

Contact Information

 

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

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

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

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

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

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

 

Highlights Drill Holes 7-23

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

including         5.46 meters of     8.02 Cg%

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

 

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

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

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

including           3.45 meters of  10.01 Cg%

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

including           4.77 meters of  10.80 Cg%

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

including           9.90 meters of    8.81 Cg%

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

 

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

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

including        12.50 meters of   4.58 Cg%

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

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

 

Please see the table below for detailed results.

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

 

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

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

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

 

Acme Metallurgical Limited of British Columbia conducted analysis

 

-100 gram samples were dried for pulverizing.

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

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

-Weights were measured between double ignitions.

 

Quality Control and Assurance Procedure

 

-Duplicate and internal standard samples were taken every tenth sample

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

 

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

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

 

Graphite Facts

 

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

 

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

 

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

 

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

 

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

 

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

 

Lomiko’s Quatre Milles East Graphite Property

 

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

 

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

 

Historical Highlights

 

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

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

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

Graphite Market

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

For more information, review the website at www.lomiko.com, contact

A. Paul Gill at 604-729-5312 or email: [email protected]

On Behalf of the Board

 

“A. Paul Gill”

 

Chief Executive Officer

 

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

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Graphite still the one to watch – Chris Berry

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

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

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

TORONTO (The Critical Metals Report) –

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

TCMR: Thank you for sharing your insights, Chris.

CB: You are welcome.

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

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

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Northern Graphite Successfully Scales Up Graphite Purification Process

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

Bench Scale Tests Produce 99.99% Cg Spherical Graphite

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

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

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

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

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

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

The Graphite Market

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

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

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

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

Northern Graphite Corporation

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

Hazen Research

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

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

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

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

Contact Information

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

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

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

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

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

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

Québec mine permitting process

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

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

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

About Terrapex Environnement Ltd.

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

About Focus Graphite

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

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

Forward Looking Statements – Disclaimer

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

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

Contact Information

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

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

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

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

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

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

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

Highlights

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

including 12.50 meters of 4.58 Cg%

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

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

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

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

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

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

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

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

Acme Metallurgical Limited of British Columbia conducted analysis

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

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

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

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

-Weights were measured between double ignitions.

Quality Control and Assurance Procedure

-Duplicate and internal standard samples were taken every tenth sample

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

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

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

Graphite Facts

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

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

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

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

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

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

Lomiko’s Quatre Milles East Graphite Property

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

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

Historical Highlights

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

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

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

Graphite Market

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

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

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

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

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

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

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

For more information, review the website at www.lomiko.com, contact

A. Paul Gill at 604-729-5312 or email: [email protected]

On Behalf of the Board

“A. Paul Gill”

Chief Executive Officer

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

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