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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

Investments Worth Their Weight in Graphite: Glen Jones

Posted by AGORACOM-JC at 5:08 PM on Wednesday, June 27th, 2012

The Critical Metals Report: In a May 31 press release, your firm said, “If China’s approach to rare earths was applied to graphite, the impact on global demand, supply and prices would be significant.” Do you believe China will establish export quotas on different types of graphite?

Glen Jones: If the demand for the different products in which graphite can be used—for example, lithium-ion batteries—actually comes to fruition, then yes, I believe China will establish export quotas, because it will need graphite for its own internal production.

“Rare earths and graphite are not as cut-and-dry as gold or copper. Thus, my advice is always, ‘Research.'”

TCMR: Is the growth in graphite demand from current applications like refractory and lithium-ion batteries enough to support the 40 companies now seeking economic graphite deposits?

GJ: If this growth comes about, there could be a shortage of graphite. Not all of these companies will find deposits, but it is necessary to have 40 companies exploring—it increases the chance of discoveries.

TCMR: Graphite demand is growing at a rate of about 5% per annum right now. That’s reasonably healthy, but not extraordinary. What catalysts are going to get investors excited?

GJ: Green energy initiatives: fuel cells, solar electricity, new-generation nuclear power and pebble-bed nuclear reactors. When some of those technologies will be perfected and when greater graphite demand will come still remains to be seen.

TCMR: You’ve said the graphite mining business is misunderstood. What is the source of confusion?

GJ: Investors are overwhelmed about the various types of graphite, flake or vein. The variations in grade, prices and the sources for each type make graphite a very confusing market, and a lot of investors are just jumping on the graphite bandwagon because they don’t want to be left out. I compare it to the early days of rare earth elements (REEs). REEs, like graphite, are not as cut-and-dry as gold or copper. Also, graphite just kind of popped up, and investors wonder why it’s suddenly in such demand. All of the numbers about the future use of graphite and how much supply will be required are still just estimates. Even if the numbers were more certain, they still depend on the fluctuating economy.

That’s what’s misunderstood in the business. Thus, my advice is always, “Research.” With the Internet, there’s such a huge amount of research available. Most companies have PowerPoint presentations you can access. There are also many government sites, such as the U.S. Geological Survey, that you can consult to boost your technical knowledge.

TCMR: Canada is home to 71% of the graphite projects currently being developed. Graphite is relatively abundant throughout the world, so why are so many projects located in Canada? Does it hurt the sector to have so much of the work happening in one country?

GJ: For investors, it’s not bad to have so much supply concentrated in Canada. The country is blessed with great geology for resources, not only for graphite but many other commodities, including gold, copper, nickel and lead zinc. About 45% of the world’s listed mining companies, over 1,600, are listed on the TSX and TSX-Venture exchanges. Most of these companies are experienced. They know how to raise money. They know how to explore. Plus, Canada has great infrastructure and is mining friendly.

TCMR: Within the last year, roughly 40 companies specifically seeking graphite were listed on various Canadian exchanges. Does this almost-overnight increase trigger any alarm bells?

GJ: I’m not concerned with the number of companies jumping in. It happens in the exploration business. Of the 140 projects in the world that these companies own or have acquired, about 80 are grassroots projects, which Intierra classifies as having no previous drilling. This leaves about 40 properties that are at various advanced stages. Of that group, maybe half a dozen will get to the feasibility stage. I think it’s good to have so many companies in there right now.

TCMR: Within those 140 graphite projects, only one graphite mine is being built. Should that concern investors?

“Canada is blessed with great geology for resources. Most of these companies are experienced. They know how to raise money. They know how to explore. Plus, Canada has great infrastructure and is mining friendly.”

GJ: I don’t think so. Within the next couple of years, two or three other mines will likely come into production. One is the Kearney mine in Ontario, currently privately owned by Ontario Graphite, which I think will go public. It’s a past producer of graphite, and it should open in Q312 or Q412. It will produce about 20,000 tons per year (t/a), which is a decent size. Total world production in 2010 was about 925,000 metric tons graphite. The Lac Des Iles mine is in Québec and owned by Timcal, which is a division of Imerys (NK:PA), produces about 25,000 t.

Another upcoming mine is the Kringel mine, owned by Flinders Resources Ltd. (FDR:TSX.V) in Sweden. It was a past-producing mine and is currently under care and maintenance. It’s permitted with a mine and a mill just sitting there. The company should produce up to about 13,000 t/a graphite and hopes to be producing by 2014.

The Lac Knife deposit, which is owned by Focus Graphite Inc. (FMS:TSX.V), is in Québec. Construction there should begin in 2013, and it will probably produce about 25,000 t/a. It’s supposed to be one of the largest high-quality and high-grade deposits in the world. Focus raised $20 million ($20M) as of April 11 to continue exploration and development of Lac Knife and various facilities there. That’s impressive, given the current economic climate.

TCMR: It’s not all that far from the Lac Des Iles mine you referenced earlier. Will that be useful to the new project?

GJ: The closeness means there’s good infrastructure in place already, so a new project doesn’t necessitate a new railway or more roads.

TCMR: Another company that’s done a couple of financings in the last year and raised over $12M is Northern Graphite Corporation (NGC:TSX.V; NGPHF:OTCQX).

GJ: Northern owns the advanced-stage, flake-graphite Bissett Creek deposit in Ontario. It’s completed a preliminary economic assessment and started its bankable feasibility study and environmental and mine-permitting process. It hopes to fast-track it and begin construction late this year.

TCMR: Could you see an offtake partner coming into that equation?

GJ: Probably. That’s certainly something that’s happened with many companies in the REE sector, which is similar to the graphite space in a lot of ways.

TCMR: You have said that only four graphite companies, Focus Graphite, Northern Graphite, Archer Exploration Ltd. (AXE:ASX) and Flinders Resources, have raised more than $2M since January 2011. Did you think there would be more companies reaching that level?

GJ: Yes, I was surprised. I thought that there would have been a lot more companies in there, and I thought there would have been a lot more raised. At Intierra, we only track anything over $2M. That’s our bottom line.

TCMR: What are some commonalities among those companies that did raise over $2M?

GJ: They all had advanced projects. A lot of the juniors with early-stage projects are having trouble raising capital now.

TCMR: If you were investing in a graphite play, would you be more likely to invest in an advanced-stage play or in one of the early stages of exploration, where you can see those quick run-ups?

GJ: You have to know your investment appetite. Do you want less risk or more risk? With more risk come better gains. I invest in both.

TCMR: What are some of the early-stage plays that have some potential?

GJ: I like Energizer Resources Inc. (EGZ:TSX.V; ENZR:OTCBB). It has the Green Giant project in Madagascar. Its vanadium property is already at the prefeasibility stage, and the company has found 17 graphitic zones on the property. Investors get vanadium and graphite in one.

TCMR: That’s a sizeable resource in a country that has seen very little exploration. How much of an advantage is that?

GJ: There are advantages and disadvantages. Virgin territory is more open for discoveries. But because the country has not had significant exploration, companies could possibly run into permitting, infrastructure and labor issues.

TCMR: What other early-stage plays do you like?

GJ: Strike Graphite (SRK:TSX.V) has two interesting projects in Saskatchewan. The Deep Bay East project is a historic property with significant exploration in past years. It’s very close to the Deep Bay West graphite mine, which is also being ramped up. The Wagon graphite property is near the Lac Des Iles mine, and it’s had numerous amounts of historical exploration on it as well.

TCMR: It’s going to have an NI 43-101-compliant resource estimate by Q412. Will that be a catalyst for the share price?

GJ: Definitely. A lot of investing is about anticipation.

TCMR: Tell us about IntierraLive and how it could help investors in graphite.

“You have to know your investment appetite. Do you want less risk or more risk? With more risk come better gains. I invest in both.”

GJ: IntierraLive is the largest global mining database, but unfortunately we do not have a package for retail investors. However we are also famous for our maps. They show where a company is exploring, that region’s infrastructure, its mines and deposits, et cetera. We hope to have a graphite map out in a month or two. It’s going to be a Canadian graphite map, focused on Ontario and Québec. Investors will be able to pick one up at a conference or call the company they’re interested in to request one. A number of companies put portions of our maps on their websites.

TCMR: Do you have any thoughts you’d like to leave our readers with on the graphite space?

GJ: Do your research. Look at a company’s cash position. These days, that’s really important, and if a company doesn’t have cash, it’s really hard to raise it. Look at the company’s management. Have the members been involved in other commodity plays? Have they been around the business for a while? Does the company have the technical expertise to move their company’s projects forward? Sure, you could just put your money in a company and hope that the stock will double or triple, but if you’re a serious investor and you do not want to lose your money, then you do have to do the research.

TCMR: Thank you.

Glen Jones started his career in the mineral exploration industry over 35 years ago, mapping underground stopes and logging drill core. He founded Mineral Information Maps in 1980, and in 1992, he developed the “Hot Play” map concept and began publishing maps that showed rapidly developing area plays around the world. He merged his company with Intierra Resource Intelligence in 2003, which developed a web-based application for bringing together all levels of technical, financial and spatial data. Jones is the executive director for the Western Hemisphere at Intierra, where he oversees all aspects of the business for the Americas.

Want to read more exclusive Critical Metals Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent interviews with industry analysts and commentators and learn more about critical metals companies, visit our Critical Metals Report page.

DISCLOSURE:
1) Brian Sylvester of The Critical Metals Report conducted this interview. He personally and/or his family own shares of the following companies mentioned in this interview: None.
2) The following companies mentioned in the interview are sponsors of The Critical Metals Report: Northern Graphite Corp., Focus Graphite Inc., Energizer Resources Inc. Streetwise Reports does not accept stock in exchange for services. Interviews are edited for clarity.
3) Glen Jones: I personally and/or my family own shares of the following companies mentioned in this interview: None. I personally and/or my family am paid by the following companies mentioned in this interview: None. I was not paid by Streetwise Reports for participating in this story.

( Companies Mentioned: AXE:ASX, EGZ:TSX.V; ENZR:OTCBB, FDR:TSX.V, FMS:TSX.V, NK:PA, NGC:TSX.V; NGPHF:OTCQX, SRK:TSX.V, )

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Blair Way of Strike Graphite Interviewed by miningfeeds.com

Posted by AGORACOM-JC at 10:35 AM on Friday, May 11th, 2012
Blair Way, Strike’s newly appointed CEO, is looking forward to putting his project development skills to work.

On January 25, 2012, Strike Gold changed its name to Strike Graphite (Stock Profile – TSXV: SRK). In doing so, the company communicated quite clearly to the investment community that Strike had found its focus. Strike was an early-mover in the graphite sector and was able to secure three projects, two in Saskatchewan and one in Quebec, before a flood of junior miners arrived on the scene.

With three projects on the books Strike Graphite was still missing something – a Chief Executive Officer – but in early April the upstart company found their man when Blair Way was appointed to the position.

Blair Way is not a serial entrepreneur. On the contrary, he has held senior management positions at major and mid-tier mining companies. Most recently he served as Vice President Project Development for Ventana Gold – a Vancouver-based gold mining company advancing projects in Colombia that was acquired by Brazilian billionaire Eike Batista for $1.4 billion. Prior to Ventana, he served as President and Project Director, Oceanagold Philippines, overseeing the construction of the Didipio gold copper project; and, earlier in his career served as Project Director for BHP Nickel projects.

We connected with Mr. Way this morning after the release of another encouraging drill hole from Strike’s Simon Lake graphite project in Saskatchewan to get his take on Strike Graphite and the graphite sector now that he’s had a few months to find his footing.

Blair, thanks for joining us, you are relatively new to Strike Graphite – what drew you to an early stage company?

I was attracted to Strike Graphite because of the brownfield nature of these projects and the opportunity to utilize my development skill-set to fast track the projects and grow the company rapidly. I see graphite as a race to production and that is the environment I thrive in.

For those who are not familiar with graphite – please tell our readers about the sector and some of the key drivers.

The main drivers for graphite are grain, grade and metallurgy. These are the key aspects of a graphite deposit. It must be large flake and high-grade to command the best pricing in the market. The metallurgy must be straight forward. There are some deposits that have more complicated metallurgical processes, not to say any are as complicated as a nickel or zinc deposit, but the more straight forward the process the lower the cost of production.

The current graphite market, primarily for steel, refractory, lubricants and auto parts consumes in the order of 1.2 million tons per annum with the majority of the production from China and India. The largest mine is under 40,000 tons per annum which is quite a small operation in terms of an open pit mine with grades in excess of 10%.

The estimated demand growth over the next 8 years is in excess of a further 800,000 tons per annum. At 40,000 tons per mine that is 20 mines coming on stream in the next 8 years. That is a tall order. So additional high-grade production must come online to meet this growing demand and command the best market pricing.

Graphite emerged as the new “belle of the ball” of the junior resource markets – some say taking the place of Rare Earths – what do you make of this comparison?

I can see how people make this comparison, but it is only partially true. The graphite space is getting a lot of attention these days which is similar to the Rare Earths of a few years back as the market sees it as a new emerging metal, but that’s not true. Graphite has been around for decades and has only just recently commanded attention due to some of the emerging uses for graphite. This attention is really where the similarity ends.

Graphite is a much better understood market with strong current and emerging uses. It is much easier to find in large quantities and, metallurgically speaking, it is immensely more simplistic. Graphite tends to be relatively shallow occurring so it is amenable to very simple open pit mining. Processing is by known floatation technology to achieve the most effective concentration. Further concentration is also achieved by existing technology to tailor it to the end user as required.

All this lends itself to a very cost effective mine and plant. For example, a billion dollar gold deposit would be lucky to develop a mine and processing facility for under $300 million after spending in the order of $30 million to get it to feasibility stage. In comparison a billion dollar graphite deposit and associated mine and processing facility could get through feasibility study and in production for under $100 million. If you compared this to rare earth, nickel or zinc deposits the numbers are even more favorable for a graphite business model.

Today you announced the second drill results from Strike’s Simon Lake project in Saskatchewan – tell us about the project and the recent results.

We are very pleased with our preliminary drill results. Our historical data indicated to us that we could encounter the grain, grade and metallurgical attributes required for a graphite discovery. The base metal exploration drilling undertaken on the property in the 70′s and the associated drill logs enabled us to focus our EM survey which identified a 24 kilometer long conductor which we are currently drilling key targets on. The preliminary data from our drill holes continue to reinforce our theory and we are very excited to see our lab test results in the coming weeks.

You have two other projects, Deep Bay East in Saskatchewan and the Wagon property in Quebec – are you equally excited about the potential of these projects?

These projects are equally exciting and we are undertaking ground work on these properties also. We will work towards defining focused drill programs for the fall on all our properties and depending on the results from this summer’s work we will then focus our resources on those that have the greatest potential with the aim to achieve an NI43101 resource by early 2013.

You recently announced a $3 million financing at $0.30, what milestones do you hope to reach with the proceeds once closed?

These proceeds will enable us to continue on our aggressive exploration programs on our three properties to move them toward a resource. Our next milestone is our NI 43-101 resource. It is a great time to be in this sector and we believe our brownfield projects enable us to be a front runner in this race to production.

Disclosure: at publication date Strike Graphite is a client of MiningFeeds.

Source: http://www.miningfeeds.com/2012/05/10/interview-blair-way-strike-graphite/

Strike Graphite Intersects 148 Meter Graphitic Zone on Hole #2 at Simon Lake Property

Posted by AGORACOM-JC at 8:25 AM on Thursday, May 10th, 2012

VANCOUVER, BRITISH COLUMBIA–(May 10, 2012) – Strike Graphite Corp. (TSX VENTURE:SRK) (the “Company”) is pleased to provide an update on exploration activities at the Simon Lake Property, located in north-central Saskatchewan.

To date, the company has completed drilling two diamond drill holes within the historic Simon Lake trend, and has commenced drilling of a third drill hole located along the same conductive trend approximately 10 km to the southwest of Simon Lake. The company is pleased to announce that continued success has been achieved; the second drill hole of the program has encountered a 148.7-meter Graphitic zone. Photos of the core will be uploaded to the company website or may be viewed at the following link: http://strikegraphite.com/core-photo-gallery.html

Highlights:

  • Hole SL-12-001 encountered three graphitic intervals beginning at the start of bedrock;
  • Hole SL-12-002 encountered a 148.7 metre graphitic zone.

Recently completed drill hole SL-12-002 encountered approximately 132.5 metres of graphite bearing rocks over a 148.7 metre zone between 72.1 and 220.8 metres depth. Seven individual graphite-bearing intervals range between 5.0 and 40.5 metres wide; and are separated by narrower intervals of trace-to-non-graphite bearing intervals of between 0.9 and 6.0 metres. The hole ended at 240.9 metres depth. SL-12-002 was oriented perpendicular to the strike of the graphite bearing units at Simon Lake, and was orientated at 153° with a dip of -45°. Flake graphite has been encountered in both holes to date; and field determinations indicate that graphite flakes of up to 4 millimeters in length are present.

Hole SL-12-002 was designed to follow up on historic hole 2-72 where historic reports indicate “abundant graphite” between 90 metres to the end of the hole (at 160 metres depth). Descriptions of “abundant” graphite in historic hole 2-72 appear to be relevant to the current hole SL-12-002.

Further to the news release dated May 2nd, 2012, drill-hole SL-12-0001 intersected graphite mineralization at the start the hole, with the most significant intercepts occurring from 10.2 to 23.9 metres (13.7m interval); followed by a second graphitic zone from 45.7 to 69.5 metres (23.8m interval). A third graphitic zone from 93.5 to 102.2 metres (8.7m interval) was also encountered. The hole ended at 240.9 metres depth. This hole was oriented perpendicular to the strike of the graphite bearing unit at the Simon Lake West Target, at a direction of 141°, and a dip of -45°.

Drill hole intervals reported herein are not true widths, which cannot be determined due to uncertain geometry of mineralization at this time.

Currently being tested by hole SL-12-003, the Morell Lake Target, is located at the southwest part of the property approximately 6 km east of Saskatchewan Highway 905. The target is a large and highly conductive structure that has been interpreted as a fold hinge. At this location, the conductive unit exceeds 5 km along strike and is more than 2 km wide; it may represent the strike extension of the graphite-bearing lithologies known at Simon Lake. Geophysical modelling of this conductive body suggests a shallow dipping and near-surface conductive zone.

All relevant graphite intersections will be sent for routine analysis for graphitic carbon content and multi-element analysis. Additionally, core will be tested for mineralogical characterization and initial metallurgical testing in order to determine the graphite flake size distribution, purity and recovery.

Blair Way, CEO remarks, “Drill results to date continue to meet our expectations of discovering significant large flake graphite zones. This second hole has yielded close to 150 meters of graphitic material. We look forward to seeing the lab test work results in the coming weeks.”

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.

* Readers should be cautioned that flake size determinations in the field are based on visual measurements from the drill core. The flake size as reported may be aggregates of individual smaller graphite flakes. The flake size determination will be confirmed by optical mineralogy during mineral characterization.

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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Blair Way
Strike Graphite Corp.
C.E.O.
604.669.9330 or Toll Free: 1.866.669.9337
604.669.9335 (FAX)
[email protected]
www.strikegraphite.com

Strike Graphite Executes on Plan to be Among First to Large-Flake Graphite Resource – Drills Turning at 25km-long Conductor

Posted by AGORACOM-JC at 4:00 PM on Friday, April 27th, 2012

Strike Graphite Corp. (TSX-V: SRK) (Pink Sheets: SRKZF) (Frankfurt: QSG) this week announced drill mobilization at its Simon Lake graphite property in Saskatchewan, Canada. SRK.V also announced the appointment of two experienced and highly accomplished graphite mining experts to its advisory board. These developments are consistent with the focus of SRK.V to be among first in the sector to establish a quality large-flake graphite resource. Strike Graphite has three projects of significance with plans to drill to resource this 2012 the top prospect evidencing grade, flake distribution, purity, and tonnage. The initial drilling at Simon Lake, which began this week, will total ~2,500 to 3,500 m within ten holes. The Simon Lake graphite property holds world-class potential with a 25 km long electromagnetic conductor indicative of graphite and historic drilling having intersected course grain graphite, showing large-flake with visual estimates of up to 70+% graphite.

Strike Graphite Corp. appears to present an exceptional risk-reward scenario; trading at ~36 cents per share (current market cap ~$14M) SRK.V is poised for significant near-term upward share price revaluation with numerous potential intrinsic value adding catalysts in the pipeline and a tight share structure (under 40M shares outstanding) that is apt to see the share price deservedly rise on bullish news. SRK.V is well funded to accomplish its goals having secured ~$3,000,000.00 in funding.

A full review of Strike Graphite Corp. is available at http://www.miningmarketwatch.net/srk.htm online.

With the projected demand growth for various emerging technologies reliant upon large-flake graphite (i.e. next-gen nuclear power, fuel cells, and lithium-ion batteries) responsible for experts projecting 1 – 2 million tonne supply deficit of large-flake graphite over the next decade (necessitating the opening of 100+ new 20,000 Tonnes Per Year mines) investors seeking exposure to the large-flake graphite sector would do well to consider the exceptional opportunity afforded shareholders of SRK.V as it advances three graphite projects, two in Saskatchewan and one in Quebec. Strike Graphite has plans to achieve substantial resource at both of its Saskatchewan properties near-term. Added comfort for investors seeking exposure to the large-flake graphite sector (NOT to be confused with regular amorphous graphite) can be taken in the knowledge that, unlike other supply-critical resources, there exists NO ability for the market to be dominated, over supplied, or held hostage by multinationals or any country. The fact is that if large-flake graphite demand meets the estimates industry experts are forecasting there will need to be several new mines opening every year and the industrial market will readily be in a position to absorb the new supply. Industrial users of large-flake graphite are now keenly interested in securing proprietary sources and thus it is the focused goal of Strike Graphite to achieve a substantial large-flake graphite resource within 2012.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure sections located at the above referenced URL.

Contact Information:
Brian Watkins, Associate Editor
Mining MarketWatch Journal
[email protected]

Source: http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=50767948&cp=off&webmasterId=101442

Strike Announces $3,000,000 Brokered Private Placement

Posted by AGORACOM-JC at 4:03 PM on Thursday, April 26th, 2012

VANCOUVER, BRITISH COLUMBIA–(April 26, 2012) –

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

Strike Graphite Corp. (TSX VENTURE:SRK) (the “Company” or “Strike“) announces that it has entered into an engagement letter with Union Securities Ltd. (the “Agent“), whereby the Agent will act as agent for the Company in relation to a private placement of securities on a commercially reasonable efforts basis, to raise gross proceeds of up to $3,000,000 (the “Offering“).

The Offering will consist of 2,777,778 flow-through units (each, a “FT Unit“) at a price of $0.36 per FT Unit for total flow-through proceeds of $1,000,000. Each FT Unit will consist of one common share of the Company and one-half of one non-transferable share purchase warrant, each whole warrant (a “FT Warrant“) exercisable into one non flow-through common share of the Company for a period of 18 months from the date of issue at a price of $0.45 per share.

The Offering will also include 6,666,667 non flow-through units (each, a “NFT Unit“) at a price of $0.30 per NFT Unit for total gross proceeds of $2,000,000. Each NFT Unit will consist of one common share and one-half of one non-transferable share purchase warrant, each whole warrant (a “NFT Warrant“) exercisable into one common share of the Company for a period of 18 months from the date of issue at a price of $0.45 per share.

The Agent will have the option (the “Over Allotment Option“) to sell an additional number of NFT Units equal to up to 15% of the total number of FT Units and NFT Units sold under the Offering, at a price of $0.30 per additional NFT Unit, which option must be exercised within five business days after the final closing date.

The Agent will receive a cash commission equal to 8% of the gross proceeds from the sale of the FT and NFT Units (collectively, the “Units“), including Units sold pursuant to the Over Allotment Option. The Agent will also receive compensation options (each, an “Agent’s Option“) equal to 8% of the total number of Units sold under the Offering and Over Allotment Option. Each Agent’s Option will be exercisable into one common share of the Company for a period of 24 months from the date of issue at a price of $0.30 per share.

Proceeds of the placement will be used for exploration and development of the Company’s graphite assets in Saskatchewan and Quebec and for general working capital.

The Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals and the acceptance of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a four month hold period from the date of issue.

The Agent shall have the right of first refusal to act as agent for the Company with respect to any subsequent financing undertaken by the Company for a period of twelve months from closing of the Offering.

About the Company:

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

On behalf of the Board of Directors,

Geoff Balderson, President

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

We seek safe harbor.

Not for distribution to United States newswire services or for dissemination in the United States.

The offered securities will not be registered under the United States Securities Act of 1933, as amended, or any applicable state securities laws and may not be offered or sold in the United States absent such registration or an applicable exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the offered securities in any jurisdiction.

“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

 

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

Strike Announces Appointments to Advisory Board

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

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

Jerry Janik (Ontario)

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

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

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

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

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

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

About the Company:

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

On behalf of the Board of Directors,

Geoff Balderson, President

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

We seek safe harbor.

Contact Information

 

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

Strike Graphite Mobilizing Drill to Simon Lake Graphite Property

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

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

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

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

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

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

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

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

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

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

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

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

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

About the Company:

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

On behalf of the Board of Directors,

Geoff Balderson

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

We seek safe harbor.

Contact Information

 

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

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

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

By Greg Klein

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

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

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

 

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

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

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

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

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

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

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

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

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

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

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

Read more articles like this at resourceclips.com.

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Boom in the Large-Flake Graphite Sector – Strike Graphite Corp. Positioned Among Sector Leaders

Posted by AGORACOM-JC at 4:29 PM on Friday, April 13th, 2012

Astute investors establishing long positions in select large-flake graphite focused junior miners now are positioned to reap large rewards as demand for large-flake graphite is projected to rise 4-fold over the next decade, necessitating the opening of several new mines every year. Strike Graphite Corp. (TSX-V: SRK) (Pink Sheets: SRKZF) (Frankfurt: QSG) presents an exceptional risk-reward scenario; with a tight share structure (under 40 million shares outstanding) SRK.V is apt to rise on bullish news, and it is positioned to be among first in the sector to establish a quality large-flake graphite resource. Strike Graphite has three projects of significance with plans to drill to resource this 2012 the top prospect evidencing grade, flake distribution, purity, and tonnage. SRK.V recently received drill permits for its Simon Lake graphite project which is being described in some geological circles as ‘the elephant of graphite projects’ — in short Strike Graphite Corp. trading at ~36 cents per share (current market cap ~$14M) is poised for significant near-term upward share price revaluation.

These are early days and the movement in the large-flake graphite sector is in its infancy. The projected demand growth for various emerging technologies reliant upon large-flake graphite (i.e. next-gen nuclear power, fuel cells, and lithium-ion batteries) is responsible for experts projecting 1 – 2 million tonne supply deficit of large-flake graphite over the next decade that will necessitate to opening of 100+ new 20,000 Tonnes Per Year mines. Globally large-flake demand in 2010 was ~400,000 tonnes. Added comfort for investors seeking exposure to the large-flake graphite sector can be taken in the knowledge that, unlike other supply-critical resources, there exists NO ability for the market to be dominated, over supplied, or held hostage by multinationals or any country. If large-flake graphite demand meets the estimates industry experts are forecasting there will need to be several new mines opening every year.

Investors seeking exposure to the large-flake graphite sector would do well to consider the exceptional opportunity afforded shareholders of SRK.V as it advances three graphite projects, two in Saskatchewan and one in Quebec. Strike Graphite has plans to achieve substantial resource at both of its Saskatchewan properties near-term.

A full review of Strike Graphite Corp. is available at http://www.miningmarketwatch.net/srk.htm online.

SRK.V has a current market cap of ~$14M and Mining MarketWatch Journal estimates the Company is only ~$5M in exploration and soft cost efforts away from achieving a resource by the end of Q3 2012 (assuming planned exploration efforts/drilling continue to affirm and build on historic findings as expected) at its Simon Lake graphite property in Saskatchewan.

Strike Graphite Corp. recently received drill permits on its Simon Lake graphite property. Airborne EM survey of the property reveals that it is host to a 25 km conductor understood to be as a result of the strong presence of graphite (graphite is one of the most conductive substances on the planet and the conductors can literally be nothing else when you are looking at these geophysical images). SRK.V is targeting a potential resource of 30 million tonnes of 10+%Cg coarse grain large-flake graphite within the best 2km stretch (less than 10% of the total conductive length). Mining MarketWatch Journal’s 30M tonne projection (non 43-101) is based on historic drilling which intersected in excess of 50m width with visual estimates of coarse grain large flake graphite ranging up to 70+%, the potential to open pit down to 100m depth, and a specific gravity of 3. By twinning some holes and drilling the most prospective conductor targets confidence is high Simon Lake may be advanced to resource in short order. Strike’s other Saskatchewan graphite property, Deep Bay East, is also expected to be rapidly advanced to resource; the drill holes and trenches at Deep Bay East are spread all along the 1.6 km conductor and SRK.V is targeting an initial 10 million tonnes of 10% Cg. With prices for low-mesh large flake graphite close to US$3,000 per tonne and a concern for graphite supply chain interruptions on the horizon for industrial end uses, the prospects for Strike Graphite Corp. shareholders appear highly favorable as it rapidly advances its graphite projects.

A full review of Strike Graphite Corp. is available at http://www.miningmarketwatch.net/srk.htm online.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure sections located at the above referenced URLs.

Contact Information:
James O’Rourke
Mining MarketWatch Journal
[email protected]