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Canadian Platinum Announces Large Flake Results on Graphite Samples from Brabrant Property

Posted by AGORACOM-JC at 11:20 AM on Wednesday, October 31st, 2012

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Canadian Platinum Corp. (“CPC” or the “Company”) (TSX VENTURE:CPC) is pleased to announce the completion of flake size analysis of graphitic carbon from the samples taken from the Brabrant Property. The Brabrant Property consists of 5 mineral claims totaling 20,874 ha in the Brabant Lake area of Saskatchewan which cover several zones of graphite mineralization. The property lies south of Saskatchewan Highway 905 and is crossed by the Sask Power Hydroelectric line that extends from Island Falls to Rabbit Lake.

The initial prospecting program identified 3 zones of graphite mineralization in the north, west and southeast areas of Brabant Lake with graphite grades ranging from 1.08% to 44.5% (see CPC News Release September 10, 2012,
http://www.canadianplatinumcorp.com/investor/newsreleases/news_release091012.html). The most significant results from the preliminary prospecting and geological evaluation of the property are the Ben showing with grades ranging from 11.2% to 44.5% graphite in meta-sedimentary gneiss.

Further analyses of the samples were undertaken at the SRC Geoanalytical Laboratory in Saskatoon in order to establish the flake graphite content of each size fraction. Each sample was separated into the +0.5mm, +0.3mm, +0.18mm and -0.18 after which the samples were subjected to an HCl leach, ignited at 550 degrees C and the residue analyzed in a LECO SC144DR c/S Analyzer in order to establish the percentage of graphitic carbon in each size fraction. Analysis of the coarse size fractions (+0.5 and +0.3 mm) indicates that much of the graphite is in the coarse size fractions (Table 1). The results of these analyses are given in Table 1.

Table 1
Sample Number Fraction Weight gms Mesh Size (ASTM-E11 No.) C Wt % Org C Wt % Graphite Wt % Comments
589103 (+0.5mm) 2683.7 +35 20 0.92 19.2 Ben Showing
589103 (+0.3mm) 0.9 +50 12.9 N/A 11.5
589103 (+0.18mm) 319.7 +80 19.2 0.24 17.1
589103 (-0.18mm) 477.5 -80 15.9 0.85 13.8
688101 (+0.5mm) 665.2 +35 1.35 0.11 1.23 North Brabant Lake
688101 (+0.3mm) 413 +50 3.07 0.12 2.87
688101 (+0.18mm) 419.5 +80 2.93 0.39 2.54
688101 (-0.18mm) 505.3 -80 1.62 0.13 1.49
688102 (+0.5mm) 586.1 +35 2 0.08 1.92 North Brabant Lake
688102 (+0.3mm) 255.4 +50 3.49 0.07 3.32
688102 (+0.18mm) 238 +80 4.34 0.35 3.92
688102 (-0.18mm) 559.5 -80 4.41 2.21 2.12
688105 (+0.5mm) 498.2 +35 2.36 0.75 1.61 North Brabant Lake
688105 (+0.3mm) 185.1 +50 2.07 0.32 1.66
688105 (+0.18mm) 164 +80 2.6 0.27 2.33
688105 (-0.18mm) 435.5 -80 1.94 0.24 1.69
688111 (+0.5mm) 595.1 +35 1.9 0.22 1.68 North Brabant Lake
688111 (+0.3mm) 167.7 +50 3.87 0.02 3.49
688111 (+0.18mm) 134.9 +80 4.14 0.09 4.01
688111 (-0.18mm) 335.4 -80 2.01 0.02 1.87
688112 (+0.5mm) 682.6 +35 50.9 3.93 45.5 Ben Showing
688112 (+0.3mm) 101.9 +50 50.7 0.62 47.8
688112 (+0.18mm) 70.3 +80 50.7 3.38 46.6
688112 (-0.18mm) 139.6 -80 43.1 0.95 40.2
688113 (+0.5mm) 408.6 +35 47.7 3.57 43.5 Ben Showing
688113 (+0.3mm) 64.1 +50 40.4 3.54 37.8
688113 (+0.18mm) 44.2 +80 36.1 1.72 33.4
688113 (-0.18mm) 90.9 -80 30.3 1.51 27.8
688114 (+0.5mm) 1582.6 +35 52.3 3.63 45.6 Ben Showing
688114 (+0.3mm) 270 +50 52.5 3.56 48.4
688114 (+0.18mm) 194.4 +80 50.9 4.23 45.8
688114 (-0.18mm) 444.3 -80 44.1 1.38 43
688115 (+0.5mm) 1237.4 +35 11.9 0.52 11.2 Ben Showing
688115 (+0.3mm) 497.3 +50 16.9 1.62 14.7
688115 (+0.18mm) 290.1 +80 11.2 0.81 10.1
688115 (-0.18mm) 444.3 -80 6.9 1.02 6.42
688116 (+0.5mm) 830.3 +35 0.98 0.47 0.92 West Shore Brabant Lake
688116 (+0.3mm) 452.1 +50 0.62 0.15 0.35
688116 (+0.18mm) 391.2 +80 0.63 0.08 0.52
688116 (-0.18mm) 689.1 -80 0.45 0.21 0.16

The current value of each of these size fractions is given in Table 2:

Table 2
Crystalline Graphite Prices ( “Industrial Minerals Magazine” October 2012)
Crystalline Graphite
FCL CIF main European port,
Medium, 85-87% C, +100-80 mesh $ 1000-1300
Fine, 90%C, -100 mesh $ 900-1100
Medium flake 90% C, +100-80 mesh $ 1150-1450
Large flake, 90% C, +80 mesh $ 1400-2000
Fine, 94-97% C, -100 mesh $ 1150-1450
Medium, 94-97% C, +100-80 mesh $ 1100-1700
Large flake 94-97% C, +80 mesh CIF $ 1300-1800

Mr. Todd Montgomery, President and CEO of the Company commenting on the results said, “This analysis indicates to us that our samples are composed of exciting graphite values and that it is primarily high value, large flake material. We look forward to further exploring the property.” Plans to further delineate the extent of the graphitic zones of the Brabrant Property include a VLF and magnetic geophysical survey expected to commence in mid November and a diamond core drill program planned for early 2013.

John G. Pearson, P.Geo, a Qualified Person under NI 43-101, has reviewed and approved the technical disclosure of this press release on behalf of the Company.

Canadian Platinum Corp. is a Calgary, Alberta based corporation engaged in the exploration of platinum group and base metals in Canada.

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Certain statements contained herein constitute forward-looking statements. Such forward-looking statements are subject to both known and unknown risks and uncertainties which may cause the actual results, performances or achievements of the Corporation to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. The forward-looking statements included in this press release are made as of the date of this release and except as required by law, the Corporation does not undertake any obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release may contain statements within the meaning of safe harbour provisions as defined under United States Securities Laws and Regulations. The above statements are based on the current expectations and beliefs of the management of Canadian Platinum and are subject to a number of risks and uncertainties that may cause the actual results to differ materially from those described above.

Neither the TSX Venture Exchange nor its Regulation Services Provide (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

 

Canadian Platinum Corp.
Steve McGuire
Investor Relations
1-416-306-2496
1-416-369-0515 (FAX)
[email protected]
www.canadianplatinumcorp.com

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Posted in Graphite | Comments Off on Canadian Platinum Announces Large Flake Results on Graphite Samples from Brabrant Property

Focus Graphite Announces Positive Preliminary Economic Assessment of Lac Knife Project

Posted by AGORACOM-JC at 12:18 PM on Monday, October 29th, 2012

OTTAWA, ONTARIO–(Oct. 29, 2012) – Focus Graphite Inc. (“Focus” or the “Company”) (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) announces positive results of the Preliminary Economic Assessment (“PEA”) on its Lac Knife Graphite Project (“Lac Knife” or the “Project”). The PEA was prepared by Roscoe Postle Associates Inc. (“RPA”), in collaboration with Soutex Inc. (“Soutex” – responsible for metallurgy and mineral processing) and demonstrates that the Project has robust economics and excellent potential to become a profitable producer of graphite. Highlights of the PEA are summarized below:

Operational Highlights:

  • Proposed Life of Mine production of 6.0 million tonnes (Mt) of mill feed at a grade of 15.66% graphitic carbon (Cgr), based on the initial Mineral Resource estimate disclosed on January 19, 2012
  • Mine Life of 20 years, open pit operation at 300,000 tonnes per year
  • Processing through a sequence of crushing, grinding, flotation, magnetic separation, thickening and drying, producing a primary concentrate of graphite of various grades and flake sizes
  • Tailings directed through sulfide flotation circuit in order to minimize the volume of acid-generating residues and to enable proper management of both acid-generating tailings and waste rock within a unique disposal site
  • Average graphite recovery of 91.3% at Lac Knife process plant
  • Life of Mine production of 928,000 tonnes of concentrate at 92% Cgr on average at Lac Knife, or approximately 46,600 tonnes of concentrate per annum (tpa)
  • Thermal purification upgrade of approximately 40% of the primary concentrate to 99.99% Cgr by an existing producer with inherent purification losses of 15%
  • Life of Mine Project production of 868,000 tonnes of concentrate at 93.5% Cgr on average, including 338,000 tonnes of high purity 99.95% Cgr product

Financial Highlights:

  • Exchange rate US$1.00 = C$1.00
  • PEA economics for the Project calculated based on graphite market prices of $10,000, $1,300, and $800 per tonne of battery grade (>99.95% Cgr, +100 mesh), medium grade (>90% Cgr, -100+200 mesh) and fine grade (>80% Cgr, -200 mesh) respectively, on a FOB mine basis
  • $246 million pre-tax Net Present Value (NPV) (at a 10% discount rate)
  • 32% pre-tax Internal Rate of Return (IRR)
  • $926 million pre-tax undiscounted cash flow
  • $3.7 billion total net revenue
  • Pre-tax payback period of 2.8 years
  • $154 million initial capital cost, inclusive of $33 million and $24 million in working capital and contingency (25%), respectively
  • $68 per tonne average unit operating cost at Lac Knife
  • $435 per tonne average unit operating cost, assuming thermal purification on a contract basis

Note: This PEA is considered by RPA to meet the requirements of a Preliminary Economic Assessment as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The economic analysis contained in the technical report is based, in part, on Inferred Resources (as defined in NI 43-101), and is preliminary in nature. Inferred Resources are considered too geologically speculative to have mining and economic considerations applied to them and to be categorized as Mineral Reserves (as defined in NI 43-101). Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that the reserves development, production, and economic forecasts on which the PEA is based will be realized.

Gary Economo, President and CEO of Focus Graphite, stated, “This is a great day for the Canadian graphite industry, our shareholders and the province of Québec. Lac Knife is a world-class resource and the publication of our Preliminary Economic Assessment confirms Focus has the potential to become one of the highest-grade lowest-cost producers of graphite in the world. We enter a new phase now, where we can expedite our financing, advance customer off-take agreements, and construction of our purification and anode facilities.”

PEA SUMMARY

Project Location

The Project is located in the Côte-Nord administrative region of Québec. Fermont is the closest community and is located 27 km north-north east of the Project. Road distance from Montreal to Lac Knife is approximately 1,300 km and by all-season highway 389, it is 500 km from Baie-Comeau to Fermont. The municipalities of Wabush and Labrador City, in Newfoundland and Labrador are located 30 km from Fermont, and Wabush is home to a commercial airport with regular flights to Sept-Iles, Québec, and Montréal.

Geology and Mineral Resources

The Project hosts graphite enriched metasediments. Graphite occurs as lenses and bands. Currently, graphite rich rocks have been identified from drilling undertaken in 1989 and more recently in 2010-2011 with 12 drill holes aimed at twining the older holes with the objective of confirming the 1989 grade and lithology information. The mineralized zone extends approximately 650 m in length and 120 m in thickness. Mineralization reaches the surface under a layer of overburden. Mineralization is intersected at depths reaching 110 m. There is potential for the delineation of additional Mineral Resources at greater depth and along strike to the south.

On January 19, 2012, Focus released an initial NI 43-101 compliant Mineral Resource estimate in a Technical Report. RPA reviewed and accepted the current Mineral Resources and has declared them adequate to support the current PEA with one modification to the Mineral Resource classification. RPA elected not to classify any Mineral Resources as Measured and, as a consequence, converted the January 2012 Measured Mineral Resources to the Indicated category. The Mineral Resources are presented in the table below.

MINERAL RESOURCE ESTIMATE

Category Tonnage
(tonnes)		 Grade
(% Cgr)
Indicated 4,938,000 15.76
Inferred 3,000,000 15.58
Notes:
1. CIM definitions were followed for Mineral Resources.
2. Mineral Resources are estimated at a cut-off grade of 5% Cgr.
3. Numbers may not add due to rounding.
4. Cgr – graphitic carbon

Mining

Mining will be carried out using conventional truck and loader open pit mining methods. Life of Mine strip ratio averages 1.12:1. An owner-operated mining fleet is proposed over the life of the operation. Pre-stripping of overburden is required prior to commencement of mining operations.

Highlights of the production schedule are as follows:

  • A short ramp-up to full production with 270,000 tonnes produced in Year 1
  • Production of 300,000 tpa, or 822 tpd
  • Waste mining averaging 335,000 tpa

Production quantities total 6.0 Mt, at a grade of 15.66% Cgr. This includes mining extraction and dilution (at zero grade) factors applied to the potentially mineable graphite-bearing material.

Processing and Recovery

The selected process consists of crushing followed by a grinding and flotation separation circuit. The resulting concentrate is then thickened, dried and stored. The tailings generated by the concentration process passes through flotation cells to separate acid-generating tailings from clean non-acid tailings.

The PEA forecasted concentrate production is approximately 46,600 tpa with a tailings production expected at approximately 253,400 tpa. This is based on a concentrate average grade of 92% Cgr and a recovery of 91.3% derived from testwork results conducted by SGS Canada Inc. (SGS). Although laboratory and locked cycle tests were performed with a slightly higher potentially mineable ore grade than estimated, no significant impact is expected on the anticipated recovery.

Tailings, Waste Rock and Water Management

One of the challenges for the Project is the management of acid-generating materials. The graphite-bearing mineralization, the waste rock and the tailings showed acid-generating potential. Therefore, the mine water and the ore storage run-off water will likely be acidic. The global program to manage this issue will comprise the following:

  • Subaqueous co-disposition of acidic tailings and waste rock into a unique storage site: the tailings and waste rock storage facility (TSF).
  • Sulfide flotation to reduce the proportion of acidic tailings to 30% of the total volume.
  • Tailings managed in two separate streams.
  • Use of the 70% non-acidic alkaline tailings as inert material for encapsulation of acid-generating tailings and waste rock within the TSF.
  • Water treatment plant and polishing pond for pH neutralisation, metals precipitation, and sedimentation.
  • Water management to direct all industrial sourced waters through the water treatment plant and/or the polishing pond as required.

Thermal Purification

The Project considers the thermal purification of approximately 40% of the concentrate produced at the Lac Knife process plant. This portion of the primary concentrate production meets the specifications (+100 mesh, >95% Cgr) for purification to 99.99% Cgr. Graphite concentrate of this purity is used in battery production and other applications at high prices. It has been assumed that the thermal purification would be done under contract by an existing producer, with related losses of approximately 15%.

Revenue

Focus has initiated contacts with several major graphite consuming groups in North America, Europe and Asia. Marketing efforts have been targeted to high value end users requiring superior quality product in terms of product purity and flake size. Potential customers have provided Focus with product quality requirements and projected annual demand. RPA has reviewed these expressions of interest and is satisfied that there are sufficient indications of demand to support the projected PEA production forecast. To date, Focus has identified the following major product opportunities:

  • Ultra high purity thermo processed battery grade product based on large flake, high purity concentrate
  • Medium to fine flake graphite concentrate, -100+200 mesh, +90% graphitic carbon concentrate
  • Fine flake concentrate, -200 mesh, +80% graphitic carbon concentrate

Production quantities for each major grade category are based on the lock-cycle concentrate production test results and test recovery results from proprietary thermal purification processing of the high grade primary concentrate. Projected overall product volumes and product qualities are detailed in the following table.

PROJECTED PRODUCT MIX
Grade Tonnes (maximum annual) (1) Product Characteristics
Battery Grade 16,900 (2) >99.95% Cgr, +100 mesh
Medium Grade 11,200 >90% Cgr, -100+200 mesh
Fine Grade 15,500 >80% Cgr, -200 mesh
Total 43,600
Notes: (1) totals are rounded
(2) inclusive of conversion recovery factor from 19,900 t of primary concentrate

Current published prices for the Project’s major graphite product opportunities are detailed as follows.

Grade Basis Units Price Range
Synthetic, 99.95%C, Swiss Swiss border US$/kg 20 – 7
Crystalline, 90%C, -100 mesh FCL, CIF European port US$/t 1,400 – 1,100
Amorphous powder, 80%-85%C, Chinese FCL, CIF European port US$/t 800 – 600
Source: Industrial Minerals, September 2012

Freight and insurance costs are projected to be approximately $63/t for product sold to customers in the United States, $200/t for deliveries to Europe and $428/t for deliveries to Asia. RPA has reviewed various price scenarios and has assumed the following price in the economic analysis:

  • Battery Grade $10,000/t FOB mine – $9,572/t CIF equivalent
  • Medium Grade $1,300/t FOB mine – $1,237/t CIF equivalent
  • Fine Grade $800/t FOB mine – $600/t CIF equivalent

The price set used in the PEA averages $4,196 per tonne of graphite concentrates FOB mine prior any deductions for marketing, freight and insurance; or 16,900 tpa at $9,572/t (purification losses considered) and 26,700 tpa at $867/t on average, CIF considered.

RPA considers these graphite prices to be appropriate for a PEA-level study. It is noted that the processing for the Battery Grade product, which accounts for some 86% of LOM revenue, is based on an expression of interest by a producer and is by no means a certainty, however, RPA considers the assumption to be reasonable for a PEA.

Total net revenue is $3.7 billion, averaging $185 million per year. On a unit basis, net revenue is $615 per tonne milled.

Capital Costs

The estimated initial capital cost has been developed to include all mining, processing, infrastructure, tailings and indirect capital costs. The capital cost estimate includes a contingency of $24 million (25% of direct and indirect capital costs) and is summarized in the table below.

INITIAL CAPITAL COST ESTIMATE

Capital Cost Item Cost
($ million)
Surface Infrastructure 18.7
Mining (incl. pre-stripping overburden/waste) 11.2
Processing 36.4
Tailings / Waste Rock & Water Treatment 3.1
EPCM 9.7
Indirect/Owner’s 16.7
Warehouse Inventory 0.9
Contingency (25%) 24.2
Working Capital (3-month opex) 32.6
Total Initial Capital Cost 153.5

Sustaining capital, totalling $25 million consists of mine, process, and infrastructure equipment replacement, tailings and waste rock storage facility expansion, progressive environmental rehabilitation, and mine closure costs.

Operating Cost

The Life of Mine operating costs have been estimated for mining, stockpile re-handling, processing, tailings and water treatment, and general and administration. The operating costs are summarized in the following table.

OPERATING COST ESTIMATE

Operating Costs Item Cost
($/t milled)
Mining / Re-handling 15
Processing / Tailings and Water Treatment 41
General and Administration 12
Total Operating Costs 68

In addition, the unit cost for thermal purification under contract was derived from a budget quote by an existing producer and considered the approximate 15% losses during the purification process. This cost equates to $367 per tonne milled, therefore bringing the overall operating cost to $435 per tonne milled.

Preliminary Economic Assessment

Financial evaluation of the Project was carried out using a cash flow model, on a pre-tax basis. Estimates are based on constant 2012 dollar basis, with no provision for escalation. Results are provided in the following table.

PEA FINANCIAL RESULTS

Value
($ million)
Gross Revenue 3,894
Marketing and CIF 225
Net Revenue 3,669
Total Operating Cost 2,597
Operating Cash Flow 1,072
Initial Capital Cost 154
Working Capital Recovery (33)
Sustaining Capital 21
Mine Closure 4
Pre-Tax Cash Flow 926
Net Present Value
8% discount rate 316
10% discount rate 246
12% discount rate 192
Pre-Tax IRR 32.1%
Payback Period 2.8 years

NPV Sensitivity Analysis

Key economic risks were examined by running cash flow sensitivities on:

  • head grade;
  • recovery;
  • graphite market price;
  • operating cost per tonne milled; and
  • capital cost

The pre-tax NPV (at 10%) sensitivity analysis has been calculated for -20% to +20% variations on the above items, with the exception of recovery which has been calculated for -20% to +5%. There is minimal to no effect on NPV when the head grade and recovery factors are adjusted above 0% because of the Project market ceiling on graphite concentrate sales. The NPV sensitivity is shown in the following graph.

NPV (10%) Sensitivity Chart is available at the following link : http://media3.marketwire.com/docs/NPV_Sensivity_Chart.pdf

The technical and economic information relating to the PEA contained in this press release has been reviewed and approved by Marc Lavigne, M.Sc., ing., Senior Mining Engineer for RPA, Robert de l’Étoile, M.Sc.A., ing., Principal Geological Engineer for RPA, and Pierre Roy, M.Sc., P.Eng., ing., Senior Metallurgist Specialist for Soutex, all independent qualified persons under NI 43-101. The technical report will be filed on SEDAR on or before October 31, 2012.

Other News – Bi-Weekly Default Status Report

As previously reported, the Company is presently in default because of its failure to file the PEA and supporting technical report (the “Technical Report”) under NI 43-101 and will continue to be in default until such time as it files the required report on the Project.

In compliance with the alternative information guidelines set out in National Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults (“NP 12-203”) for issuers who have failed to comply with a specified continuous disclosure requirement within the times prescribed by applicable securities laws, Focus issued today a default status report by way of present press release confirming the Company’s objective to file the PEA and Technical Report at the latest on October 31, 2012.

Until Focus completes the filing of the PEA and Technical Report, and until the Management Cease Trade Order (“MCTO”) is subsequently lifted by the Ontario Securities Commission (the “OSC”), Focus will comply with the alternative information guidelines set out in NP 12-203. The guidelines, among other things, require the Company to issue bi-weekly default status reports by way of a news release so long as the PEA and Technical Report have not been filed.

The Company reports that since its original announcement on September 10, 2012 in respect of the notice of default received from the OSC and its subsequent announcement on September 25, 2012 relating to the issuance of the MCTO (collectively, the “Notice”), with the exception of the Company’s announcement today of the PEA results, there has not been any other material changes to the information provided in the Notice nor any failure by the Company in fulfilling its stated intentions with respect to satisfying the alternative information guidelines required pursuant to NP 12-203. In addition, there has not been any other specified default by the Company under NP 12-203, nor are any anticipated and there is no other material information concerning the affairs of the Company that has not been generally disclosed.

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

About Focus Graphite

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

Forward Looking Statements – Disclaimer

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

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

Contact Information

 

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

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Posted in Graphite | Comments Off on Focus Graphite Announces Positive Preliminary Economic Assessment of Lac Knife Project

Mistango Announces Initial Resource Estimate on Omega Mine Project

Posted by AGORACOM-JC at 9:51 AM on Monday, October 29th, 2012

October 29, 2012 Kirkland Lake, Ontario, Mistango is pleased to report it has completed a National Instrument 43-101 resource estimate on the 100% owned Omega Project. The report was authored by AMC Mining Consultants (Canada) Ltd. (AMC) of Toronto, Ontario in accordance with the requirements of National Instrument 43-101 and describes the initial Mineral Resource estimate on the Omega Property.

The Inferred Mineral Resource estimate, at cut-offs of 0.5 g/t Au for mineralization above an elevation of 130 m above sea level (masl), representing open-pit potential and for a cut-off of 3 g/t Au below 130 masl, representing underground potential is set out in the table below. Note that 130 masl approximately corresponds to 170 m vertical depth in areas proximal to main mineralization zones.

 ----------------------------------------------------------
 |Cut-off grade         |Tonnes   |Au (g/t)|Contained (Oz)|
 |--------------------------------------------------------|
 |0.5 g/t above 130 masl|3,800,000|2.50    |306,100       |
 |--------------------------------------------------------|
 |3 g/t below 130 masl  |1,200,000|4.33    |166,000       |
 |--------------------------------------------------------|
 |Total                 |5,000,000|2.93    |472,100       |
 ----------------------------------------------------------

Note: A constant bulk density of 2.89 t/m3 has been used.

-The Omega Gold Deposit resource estimate is based on 152 drill holes spread over 750 m of strike length. Out of the 152 drill holes, 96 are from the four phases of the ongoing 2011-2012 exploration program. The rest are from historical exploration in the 1980’s. All holes are located on an approximate 50 m X 50 m grid.

-The Omega Deposit is comprised of 13 sub-parallel mineralized horizons hosted mostly in highly altered and sheared tholeiites and in metasediments and tuffs close to surface. The mineralization is structurally controlled by thrust fault planes and cross faults. These 13 mineralized horizons comprise the historical 1, 2, 14 and 21 ore zones, which were mined in the old Omega Mine. The Omega Gold Deposit is associated with pyrite conforming to an alteration zone of albitite, sericite, carbonate and leucoxene and conformable to the stratigraphy situated along the Larder Lake Break. Structure is complex, with a series of thrust faults controlling the mineralization.

-The Omega Deposit is associated with Archean volcanics and adjacent to komatiites along the Larder Lake Break. Mineralization is of Timiskaming age.

Grade Estimation Method

-All wireframes in DXF format and drill hole files were imported into CAE Datamine.

-Individual zones were identified.

-Samples within each zone were composited to 1 m intervals.

Statistical and variogram analysis of the grades was carried out.

A block model with blocks 25 m wide in the X and Y directions and 2 m thick in the Y direction was prepared.

-Each individual zone was filled with blocks using sub-cells down to 5 m in the east and 1 m in the north and vertical directions.

-Block grades were estimated into each parent block within the zones and outside the zones using ordinary kriging.

-The blocks located within the areas of previous mining were removed from the resource estimate.

-The individual models were combined into one final model.

Samples

A total of 14,427 composites were available with 975 composite samples selected from within the zone wireframes and these were used for the variogram analysis and estimation of the blocks within the zones.

Bulk Density

An average density of 2.89 t/m3 has been used for this estimate.

True Width of Mineralization

The orientation of the drilling is in two primary directions, approximately perpendicular to the strike of the mineralized zone. Twenty holes have been drilled from the footwall side and have an azimuth of about 145°, within the remainder having an approximate azimuth of 325°.

Using TrueDip process in CAE Datamine® and averaging the results, it was found that there is only an approximately 5% reduction of the true width for the holes drilled from the hanging wall, which represents the majority of the holes drilled. For the holes drilled from the footwall there was 68% reduction from the apparent width.

Exploration Potential

There is significant exploration potential at the Project. Parts of the zones have not been sufficiently drilled to enable their continuity to be assessed. A number of drill holes failed to penetrate to the other side of the previously mined areas. These areas will need infill drilling.

There also remains down-plunge potential for many of the zones, along with their potential extension along strike.

Technical Report Comments

Robert Kasner, President and CEO of Mistango, comments,” I am very pleased with the resource estimate in the potential open pit area. We can now build on this to bring it into the indicated category by following the suggestions of AMC. Also, the resource below the pit is very encouraging.

We are presently completing several deep holes to confirm the mineralization continues to depth and complete a work commitment on the adjoining MacGregor option. I am pleased to say the first two holes have intersected similar geology and mineralized structures contained in the upper part of the Omega mine. Upon completion of the deep drilling program a plan will be implemented to carry out the recommendations of AMC in the potential open pit area.”

Literature review and sample comparison done by Mistango, indicates that the Omega Deposit has similar alteration assemblages and mineralization to the past producing Kerr-Addison Mine located 6 km east of the Omega Project site.

Qualified Person

Cath Pitman P.Geo.(Ontario) is a full-time employee of AMC Mining Consultants (Canada) Ltd., and independent of Mistango River Resources Inc. She has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which she is undertaking to qualify as a Qualified Person in accordance with NI 43-101. Cath Pitman consents to the inclusion in this announcement of the matters based on her information in the form and context in which it appears.

About Mistango

Mistango River Resources Inc. is a Canadian based exploration and development company holding several properties in Ontario and Quebec, including large land holdings in the Kirkland Lake region. Mistango specializes in precious metals and VMS hosted base metals, with recent projects centered on the Omega and Sackville properties in Ontario. Mistango brings a distinguished board and technical staff with expertise and many years in mineral exploration and mining fields. For additional information about Mistango and its mining properties, please visit Mistango’s website www.mistangoriverresources.ca.

This news release contains certain “forward-looking information”. All statements, other than statements of historical fact that address activities, events or developments that Mistango believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of Mistango based on information currently available to Mistango. Forward looking statements are subject to a number of significant risks and uncertainties and other factors that may cause the actual results of Mistango to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Mistango. Factors that would cause actual results or events to differ materially from current expectations include, but are not limited to, Mistango’s decision to cancel its exploration program on its Omega gold property.

For further information please contact:

Mistango River Resources Inc. CHF Investor Relations

Robert J. Kasner, President & CEO Stephanie Fitzgerald

Telephone: 705-568-7540 Telephone: 416-868-1079 x222

E-mail: [email protected] E-mail: [email protected]

Donald Kasner, Investor Relations

Telephone: 705-570-1019

E-mail: [email protected]

Website: www.mistangoriverresources.ca

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Alabama Graphite Drilling at Coosa Graphite Project Intercepting Planned Target

Posted by AGORACOM-JC at 10:07 AM on Thursday, October 25th, 2012

Oct 25, 2012 — October 25, 2012 – Birmingham, Alabama, USA – Alabama Graphite Corp. (the “Company”) (cnsx:ALP) (frankfurt:1AG WKN A1J35M) has two diamond drill rigs on the Coosa Graphite Project in Alabama, USA operated by Major Drilling working on the phase one drill program. Eight core holes have been completed to date and additional holes are currently being bored. The two rigs on the property will work towards each other as twelve stratigraphic definition holes are expected be complete by late October 2012.

Preliminary core logging has revealed that graphitic schists are the dominant rock type encountered in each of the first five stratigraphic holes. Cross-sections based on the drill results indicate that the graphitic schist unit has a true thickness in excess of 1600 feet (515m). Sample preparation is underway with the first holes already at SGS laboratories for analysis. Initial assay results are expected before the end of the month.

Danny Spine CEO of Alabama Graphite Corp. commented: “We are very excited about the drilling which appears to have intercepted consistent graphite mineralization as expected. The core lengths look very encouraging as we now await assay results. The drill program remains ahead of schedule and under budget so we are pleased with the progress to date”

An access road has been prepared for entry into the resource development grid. This grid will outline phase two of the drill program and will be comprised of eighty reverse circulation and core holes to provide definition of the resource and provide material for metallurgical testing.

The Company expects initial fieldwork will be completed in 2012 and will use these results toward creating a preliminary resource estimate. The Company’s goal is to become the first operating graphite mine in the United States in sixty years.

As a result of European investor interest the Company, its common shares are now quoted on the Frankfurt stock exchange for trading under the symbol 1AG.F.

The drill program and QA/QC program is under the supervision of Dr. Douglas Oliver, PhD, VP Exploration of the Company. Dana Durgin, a Qualified Person as defined in National Instrument 43-101, has reviewed the contents of this news release.

Danny Gravelle of Goal Capital has joined the Company as Investor Relations.

About Alabama Graphite:

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

ALABAMA GRAPHITE CORP.

Daniel Spine, CEO

(404) 661-6254

Danny Gravelle, Goal Capital Inc.,

Investor Relations

(949) 481-5396

[email protected]

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

Forward-looking information

This release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking information includes, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as the planned exploration work allowing for a focus of subsequent exploration efforts on the most favourable areas and the definition of drilling targets. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “planning”, “planned”, “expects” or “looking forward”, “does not expect”, “continues”, “scheduled”, “estimates”, “forecasts”, “intends”, “potential”, “anticipates”, “does not anticipate” or “belief” or describes a “goal” or variation of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

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Atocha Completes Program on St. Sixte Graphite Property in Quebec

Posted by AGORACOM-JC at 5:32 PM on Tuesday, October 9th, 2012

October 9, 2012 – Vancouver, British Columbia, CANADA – Atocha Resources (the Company), TSX.V – ATT is pleased to announce its completion of the mapping and prospecting program on the Saint Sixte property.

Atocha’s Saint Sixte graphite property covers 1,740 hectares in the Grenville sub-province of the Precambrian Shield in Quebec.  The geological setting is considered to be favorable for deposits of graphite, gold, silver, copper, nickel, PGE (platinum group element) and REE (rare earth element) mineralization.

The Saint-Sixte property is located five kilometres west of the town of Saint-Sixte, Quebec just off Route 317, approximately 65 kilometres from Ottawa.  The property covers a known extension of an airborne magnetic low anomaly that extends directly from Soldi Ventures Inc. (TSX.V- SOV) Lochaber graphite property.  Located in a historic graphite mining district, it was initially explored for graphite in the early 1950′s and again in the 1980′s.

The Company hired a ground team to conduct a mapping and prospecting program to investigate the potential on the Saint-Sixte property.  Reconnaissance mapping of the area has been done and any significant rock samples will be sent for analysis to Activation Laboratories.  Updates on the results will be announced as soon as they become available.

The Saint Sixte property is 100% owned by Atocha as staked claims and is not subject to any NSR or work commitments.

The technical information in this news release has been reviewed by Derrick Strickland, P.Geo.

Shareholders and Investors are encouraged to sign up to the Company mail list in order to receive timely updates. Please visit www.atocharesources.com or email [email protected] to add your contact details.

ABOUT ATOCHA

Atocha is a natural resources company engaged in the acquisition and exploration of mining/exploration properties, mainly for gold and other precious metals.  The Company has a 100% undivided interest in the McGillivray and KO Properties, located in British Columbia.  Atocha owns the Sol Riche and Tresor Nord/Sud REE properties in Montviel Township in Quebec, the Trove, Descouverte and Bijou gold properties in the Abitibi of Quebec, the Montpellier and St. Sixte graphite properties in the Grenville region of Quebec, and the Stubble property in Saskatchewan. The Strike 101-114 gold claims near Dawson City, Yukon are under option to Goldstrike Resources as announced on May 15, 2012.

For further information on Atocha, please refer to www.sedar.com.

For further information, please contact:

Marcy Kiesman, Chief Executive Officer
Telephone: 604.696.1111
Facsimile: 888.266.3983
E-mail: [email protected]
Website: www.atocharesources.com

Forward-Looking Statement

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties, as it relates to Atocha Resources Inc., please refer to the Company’s Prospectus filed with SEDAR.

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

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Zenyatta Ventures Achieves High Grade Purity of 97.2% C (Graphite) on First Test; On-Going Work Targets Greater Than 99.0% Purity

Posted by AGORACOM-JC at 9:10 AM on Thursday, October 4th, 2012

THUNDER BAY, ONTARIO–(Oct. 3, 2012) – Zenyatta Ventures Ltd. (“Zenyatta” or “Company”) (TSX VENTURE:ZEN) is pleased to announce that a first pass beneficiation test at SGS Canada Inc. (“Lakefield”) demonstrated a leaching process capable of producing a 97.2% C (total) graphite product from a rough concentrate. Work is on-going to target purity levels of >99.0% C with results from a second series of tests expected soon.

Aubrey Eveleigh, President and CEO, stated “It is very significant and remarkable to start with such a high purity level of greater than 97% graphite on the first test. Management is excited with the latest successful metallurgical developments and considers higher purity graphite achievable with fine-tuning of the process.”

In conjunction with Don Hains of Zenyatta, Lakefield metallurgical test work of the Albany graphite material continues to develop a simple concentration and leaching process to produce an ultra-high purity (>99.0% C) graphite product. Again, mineralogical work shows the graphite material to be very simple and contains insignificant amounts of undesirable material. This confirms an earlier mineralogical report prepared by Dr. Andrew Conly, Ph.D. of Lakehead University.

Aubrey Eveleigh also stated “Presently, Zenyatta’s Albany is the only new vein type graphite deposit being developed in the world. It is the only one of its kind outside of the mined vein type graphite deposits of Sri Lanka.”

Sri Lankan vein type graphite grades are available in purities ranging from 80-99% carbon with the majority above 90%. The Bogala Mine, a Sri Lankan graphite deposit, has been in production since 1847. It is a narrow (20cm), high grade underground mine. Sri Lankan graphite still enjoys great demand due to its unusually high purity and unique physical properties. Graphite veins are quite rare and in many industrial applications offer superior performance due to higher thermal and electrical conductivity.

The Albany (vein-type) graphite deposit 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 deposit is near surface, underneath glacial till overburden.

The outlook for the global graphite market is very promising with demand growing rapidly from new applications in clean technology. China produces over 70% of global supply and, like other commodities, now has less available for export as domestic demand grows. As global demand outstrips supply, graphite prices have increased substantially, more than doubling over the past three years.

Graphite is a natural form of carbon with the chemical formula C, which it shares with diamond and coal. It is now considered one of the more strategic elements by many leading industrial nations, particularly for its growing importance in high technology manufacturing and in the emerging “green” industries, such as electric vehicle components. The application for graphitic material is constantly evolving due to its unique chemical, electrical and thermal properties. It maintains its stability and strength under temperatures in excess of 3,500°C and is very resistant to chemical corrosion. It is also one of the lightest of all reinforcing elements and has high natural lubricating abilities. Some of these key physical and chemical properties make it critical to modern industry.

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. Analyses were carried out by SGS Canada Inc. lab using a total carbon (LECO) method. To find out more on Zenyatta Ventures Ltd., please visit website www.zenyatta.ca.

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”, “should” 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.

Contact Information

 

Zenyatta Ventures Ltd.
807-346-1660
[email protected]
www.zenyatta.ca

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Bracemac-Mcleod Continues on Target, Exploration Drilling Intersects 2.83% Copper, 13.09 g/t Silver and 0.13 g/t Gold Over 19.35 Metres

Posted by AGORACOM-JC at 3:40 PM on Tuesday, October 2nd, 2012

The company recently reported on exploration results for drilling conducted in the vicinity of the Bracemac-McLeod Deposit and within the 4,737 square kilometre Matagami Project as reported to the Company by partner and project operator Xstrata Canada Corporation-Xstrata Zinc Canada Division.

Renewed exploration diamond drilling up-dip from the McLeod Zone has discovered new copper mineralization within a laterally extensive chlorite alteration zone, including 2.83% copper over 19.35 metres intersected in hole MCL-12-16, drilled 45 metres up-dip from previous drilling on the McLeod Zone. Two drills are currently active on the project.

The Donner – Xstrata team discovered the proven and probable mining reserves of 3.73 million tonnes grading 9.60% zinc, 1.26% copper, 28.25g/t silver and 0.43g/t gold that support an initial 4 year mine plan. In close proximity to these reserves are inferred resources of 2.63 million tonnes grading 8.78% zinc, 1.31% copper, 38.83g/t silver and 1.06g/t gold. Mineralization is open in many parts of the deposit and exploration potential is considered excellent. Relative interests in the deposit are Donner 35% and Xstrata 65%.

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

Cambridge House Presentation – September 2012

Corporate Website / AGORACOM Hub

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Focus Graphite Updates the Timing of a PEA for its Lac Knife, Quebec Graphite Resource

Posted by AGORACOM-JC at 11:17 AM on Tuesday, October 2nd, 2012

OTTAWA, ONTARIO–(Oct. 2, 2012) – Focus Graphite Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) (“the Company”) wishes to provide the following shareholder update regarding the timing of the release of its NI 43-101 compliant Preliminary Economic Assessment (PEA) and supporting Technical Report (the “Technical Report”) for its Lac Knife, Quebec graphite resource.

Due to a requirement set by the Ontario Securities Commission to file the Technical Report on SEDAR by no later than October 31, 2012, the Company will be issuing a news release summarizing the results of the PEA together with the Technical Report on or before October 31, 2012. Roscoe Postle Associates is completing this report for Focus.

About Focus Graphite

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

Forward Looking Statements – Disclaimer

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

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

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Strike Graphite Intersects Significant Flake Graphite During 2012 Drill Campaign

Posted by AGORACOM-JC at 9:35 AM on Tuesday, October 2nd, 2012

VANCOUVER, BRITISH COLUMBIA–(Oct. 2, 2012) – Strike Graphite Corp. (TSX VENTURE:SRK) (the “Company”) is pleased to report drill results for the spring 2012 exploration program at the Simon Lake Graphite Property, located in north-central Saskatchewan.

Blair Way, CEO remarks, “These initial drill hole results are very exciting and continue to verify our interpretation of continuity for the 25 k strike length of the EM conductor. The high graphitic carbon content and potential scale of the Simon Lake graphite occurrences warrant follow up metallurgical test work to confirm flake size distribution and more drilling along the strike length of the conductor.”

During late spring, the company completed four diamond drill holes within the historic Simon Lake trend (see attached location map or click the following link: http://www.strikegraphite.com/Simon-Lake-Geophysics-DDH-Sept-25.pdf). Three conductive zones were targeted, and tested small portions of the approximately 25 kilometre conductive trend. Results of the exploration program confirm substantial widths to the graphitic horizon; which are thought to form a continuous mineralized horizon that continues to surface.

Highlights:

  • Hole SL-12-002: 93.8m of 2.11% Cg, including 32.8m of 3.30% Cg
  • Hole SL-12-003: 25.3m of 3.00% Cg, including 11.2m of 5.03% Cg
  • Hole SL-12-004: 25.1m of 3.21% Cg, including 15.2m of 4.46% Cg

Discussion:

The results of the 2012 drill campaign confirmed the presence of significant flake graphite at the Simon Lake Property. During the 4th quarter of 2012, this will be confirmed by mineralogical and metallurgical testwork of representative drill-core material to quantify the flake size distribution of graphite.

The graphitic horizon was tested at a depth where measurements of continuity and thicknesses could be interpreted. The graphitic horizons are interpreted to continue to near surface by geophysical modeling, structural measurements and historic mapping of outcrops.

The graphitic horizon at the northern end of the property, intersected by holes SL-12-001 and SL-12-002, is interpreted to dip at an angle of approximately 40 to 50 degrees, and is interpreted to continue close to surface.

The graphitic horizon within the southern parts of the project area, appears folded, and where tested, displays a consistent thickness and grade; and is near flat-lying with an apparent dip of approximately 9-degrees. At this location, the graphitic horizon was intersected at a depth of approximately 110 metres from the surface, and is interpreted to continue close to surface to the north.

The zinc-lead mineralization found in hole SL-12-001 is an example of the 1970’s and 1980’s targeted exploration for Sedex-style deposits. The high-grade zinc mineralization, although narrow, is significantly higher than many of the showings in the Wollaston Domain, and is therefore thought to be significant.

Results:

Results of graphitic intervals have been compiled into the following table:

From
(m)		 To
(m)		 Interval
(m)		 C-graph
(%)		 Zn
(%)		 Pb
(%)
SL-12-001 45.7 69.5 23.8 2.17
including 45.7 51.8 6.1 4.58
and 93.5 102.2 8.6 1.92
including 93.5 95.3 1.8 4.93
and 204.6 206.3 1.7 5.49 0.66
and 224.7 226.0 1.2 8.66 0.22
SL-12-002 74.7 106.4 31.7 3.08
including 74.7 91.0 16.3 3.78
including 85.0 89.0 4.0 5.08
and 127.0 220.8 93.8 2.11
including 188.1 220.8 32.8 3.30
including 203.0 211.0 8.0 4.74
SL-12-003 181.9 207.3 25.3 3.00
including 181.9 197.0 15.1 4.29
including 184.8 196.0 11.2 5.03
SL-12-004 120.2 145.3 25.1 3.21
including 120.2 135.3 15.2 4.46

Drill hole SL-12-001 verified the intervals of graphite within historic hole E42-5, which encountered a graphitic biotite gneiss, with core descriptions of “disseminated graphite” or “coarse graphite flakes”, with narrower intervals described as “graphite flakes abundant” and “heavy graphite in 6 to 12 inch bands”. Hole SL-12-001 was drilled with an azimuth of 141° and a dip of -45°. The hole was drilled to a depth of 241m to fully test the geology of the conductor within this area. Near the end of the hole, two sphalerite-bearing horizons were encountered, one from 204.6m to 206.3m (1.7m interval) encountered an average of 5.49% zinc and 0.66% lead. A second horizon from 224.7m to 226.0m (1.2m interval) averaged 8.66% zinc and 0.22% lead. The aforementioned intersections encountered only trace to 5g/t levels of silver and below detection limits for gold.

Drill hole SL-12-002, collared approximately 5.5 kilometres northeast of SL-12-001, verified the historic intervals of graphite within historic drill hole 2-72, which encountered a graphitic biotite gneiss with descriptions of “abundant graphite” over a 68 m interval. Hole SL-12-002 was drilled with an azimuth of 153° and a dip of -45°.

Drill holes SL-12-003 and SL-12-004 were collared approximately 8 kilometres southwest of SL-12-001, and targeted the strong EM anomaly discovered in the winter 2012 airborne survey. The holes, located only 382 metres apart, were drilled with an azimuth of 345° and a dip of -70°. The rational of hole SL-12-004 was to test the graphitic horizon at a potentially shallower depth, and succeeded in locating the horizon approximately 50 metres closer to surface.

Future Plans:

Drill-core from the 2012 program will be sent for preliminary metallurgical testing which will determine the flake size distribution and recoveries.

The Satterly Lake gold property is drill ready and it is anticipated that this drilling will take place 4th quarter 2012. Satterly lake is a two block property package comprising a total of 1,600 hectares located in close proximity to the south and west of Gold Canyon Resources’ Springpole Gold Project where consistently good exploration results have been demonstrated.

Future exploration will test the Simon Lake graphite trend along strike, as only a small portion of the 25 kilometer long conductive trend has been tested by drilling.. The metallurgical testing will act as an additional guide to target those graphitic zones, with favorable flake-size distribution.

The Simon Lake Graphite Project covers 11,800 hectares, and is located approximately 300 km northeast of La Ronge, Saskatchewan and is intersected by Highway 905. The property consists of several showings of flake graphite mineralization in historic drill holes, which were discovered during the exploration of base metals during the 1960’s and 1970’s.

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

Notes:

  • Drill hole intervals reported herein are not true widths, which cannot be determined due to uncertain geometry of mineralization at this time.
  • Drill hole intervals are weight-averaged based on the sample width. No internal cut-off grades were used in the reported intervals.
  • Actlabs of Ancaster, Ontario was utilized during routine analysis.
  • Graphitic Carbon is reported by LECO whereby the pulp is either digested with hydrochloric and perchloric acids, or subjected to a multistage furnace treatment to remove all forms of carbon with the exception of graphitic carbon.
  • Silver and gold are reported as gravimetric fire-assay; zinc and lead are reported as 4-acid ICP assay.
  • A quality assurance, quality control (QA/QC) program was employed by utilizing, blanks and duplicates as per industry best standards.

About the Company:

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

On behalf of the Board of Directors,

Blair Way, C.E.O.

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

We seek safe harbor.

Contact Information

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Focus Graphite Inc. Appoints Dr. Joseph E. Doninger Director of Manufacturing and Technology

Posted by AGORACOM-JC at 3:43 PM on Monday, October 1st, 2012

OTTAWA, ONTARIO–(Oct. 1, 2012) – Focus Graphite Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) the “Company,” is pleased to announce the appointment of Dr. Joseph E. Doninger as Director of Manufacturing and Technology. The appointment is effective Oct. 1, 2012.

Dr. Doninger is the developer and co-developer of a number of U.S., European and Canadian patents and patent applications related to carbon processing methodologies and processing equipment.

Also, a chemical engineer, Dr. Doninger is the author and co-author of some two dozen technical papers and studies related to graphite composite anodes; carbon-based materials for electrochemical energy storage systems; advanced graphite for Li-Ion batteries and other related publications.

“Dr. Doninger’s international credentials and experience dovetail with Focus Graphite’s mine-to-market-technology business objectives. His broad responsibilities include leading our team in meeting those objectives at our future mine site and at our planned processing facilities in Varennes, Quebec,” said company President and CEO, Gary Economo.

“We are extremely pleased to have secured Dr. Doninger’s participation as a key member of our management team,” Mr. Economo said.

“Dr. Doninger is not only an industry innovator, he is an industry insider with an established and successful senior management background with Chicago-based Superior Graphite among other internationally recognized graphite technology companies,” Mr. Economo added.

Dr. Doninger’s academic background includes an Honorary Professorship at the Department of Chemistry, Kiev National University of Design and Technology; a Doctorate of Philosophy in Chemical Engineering and Master of Science, Chemical Engineering, Northwestern University, and; a Bachelor of Science Degree in Chemical Engineering, University of Illinois.

As a consulting engineer, Dr. Doninger served as President of Dontech Global, Inc. During his 17-year career with Superior Graphite Co., he held the posts of Senior Vice President, Engineering and Product Commercialization, Vice President, Manufacturing, and Vice President, Technology.

His corporate background also includes that of Vice President, Sales and Marketing, Minerals Group, Applied Industrial Materials Corp, of Deerfield, IL; and, General Sales and Marketing Manager, International Minerals and Chemical Corp., of Libertyville, IL.

About Focus Graphite

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

Forward Looking Statements – Disclaimer

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

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

Contact Information

 

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

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Posted in Graphite | Comments Off on Focus Graphite Inc. Appoints Dr. Joseph E. Doninger Director of Manufacturing and Technology

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