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Canada Rare Earths Acquires 2 New Quebec Graphite Projects & Introduces Lavallee P.Geo as Director

Posted by AGORACOM-JC at 3:55 PM on Thursday, April 19th, 2012

Apr 19, 2012 – Vancouver, British Columbia – April 19th, 2012 – Today, Canada Rare Earths Inc. (“Canada Rare Earths” or “the Company”) (tsx.v:CJC) DE:YXEN +11.97% (otc-bb:CJCFF) announces the acquisition of two new Quebec based graphite projects located on the St-Laurent North Shore in Quebec, and that Jean Sebastien Lavallee P.Geo is expected to join the Board of Directors of the Company. These new acquisitions, coined the Champagne and Tetepisca North graphite projects respectively, significantly enhance the Company’s Quebec based graphite project portfolio.

The Champagne Graphite Property

The Champagne graphite property consists of one large contiguous block of 88 mineral claims totaling approximately 4,870 hectares located approximately 120 km north of Baie-Comeau, Quebec.

The Champagne graphite property was originally explored by Outokumpu Mines Inc. (“Outokumpu”) in 1998 for base metal mineralization. According to Outokumpu’s historical reports filed with the Ministere des Ressources Naturelles et de la Faune du Quebec, an advanced helicopter borne geophysical survey consisting of 2,600 kilometers of flight path in the region was performed at that time. The airborne survey revealed multiple electro-magnetic (EM) anomalies in the area, outside or coinciding with magnetic anomalies. In a 15 kilometer long trend across the property, the survey revealed multiple EM target anomalies and off-set structures, including several zones of parallel conductors each measuring as much as 3-5 kilometers long. This suggests an apparent strike length of EM conductors associated with known graphite occurrences of approximately 11 kilometers and the total of all EM structure length close to 20 kilometers long providing a large prospective area to explore for a graphite resource on the Champagne property.

This helicopter borne geophysical survey was followed by ground exploration on approximately half of the major conductors only. The program was abandoned midway when it was concluded that all anomalies visited were related to graphite mineralization and that the base metal sulphides of interest were nearly absent. This historical ground work also confirmed the presence of graphite on surface, coincident with at least several of these conductors. (See map on website http://www.canadarareearths.com/projects-champagne-graphite.php ). Four of the EM conductors have been identified as ‘strong’ and are considered as potentially pod style targets averaging in size between 250 meters by 500 meters to 1.8 kilometers by 250 meters, with moderate EM signatures seemingly connecting them along the length of this trend. Seen as these areas were also identified as hosting graphite mineralization they are early high priority targets for a summer drill program on the property.

Some of the graphite occurrences seem to be associated with the contact (shear zone) between the different geological units. The geology is consistent with the Central Metasedimentary Belt of the Grenville Province and includes quartzofeldspathic rocks, quartzite, biotite gneiss, marble and locally pegmatitic quartzofeldspathic rocks, and intrusive rock as anorthosite and gabbro.

Property logistics are excellent with nearby power and road access via the main lumber haul road which originates in Baie-Comeau and Labrieville leading to numerous tertiary/forest roads that transect the property.

Given the advanced historical pre-drilling exploration work on the Champagne property, and subject to confirmatory reconnaissance of the historical reporting, the project is near ready to be trenched and drilled. The Company has begun the process for camp and drill permitting and is reviewing historical data to plan a new graphite focused exploration campaign on the Champagne property as soon as possible. The campaign will consist of detailed reconnaissance sampling and mapping, trenching and an anticipated first phase of 3,000 meters of drilling to test mineralization along strike to an anticipated vertical depth of approximately 125 meters.

The Company cautions that neither it, nor the Qualified Persons named below have verified the quality and accuracy of the historic exploration results reported in this news release, and cautions readers not to rely upon them. The results were generated from sources believed to be reliable; however, they have not yet been confirmed.

Tetepisca North Property

The Tetepisca North property totals approximately 2,142 hectares, located in the general area of the southwest bank of the Manicouagan Reservoir, approximately 43 kilometres from the Manic V hydro-electric dam, ? 9 kilometres southwest of the Lac Gueret project of Cliffs Natural Resources Inc. (recently purchased by Mason Graphite) and 215 km from the Quebec North Shore deep sea port town of Baie-Comeau. Access is achieved via the 389 national road (Baie-Comeau-Labrador) and logging roads. The property covers the extension of regional conductor and magnetic anomalies over an area of approximately 7 kilometers long and 2 kilometers wide. The property is located along the multikilometric corridor of metasediments or sediments identified by the Ministry of Natural Resources of Quebec as the Proterozoic Nault formation and features excellent road access.

Regionally, the Montreal-based firm Mason Graphite and Cliffs Natural Resources Inc. recently concluded a $ 7.5 million transaction involving the Lac Gueret graphite property.

Meanwhile, St-Georges Platinum and Base Metals Ltd. recently announced that it has increased the size of its Tetepisca property after confirming the existence of surface grab samples that yielded results in the range of 50.9% to 58.1% of carbon graphite in the area. (note:grab samples are selective by nature and are unlikely to represent average grades on the property).

The Company is in the planning stage for an initial prospecting and mapping program expected to be followed by an EM survey of the area.

NEW APPOINTMENT

The Company is also pleased to announce that Mr. Jean Sebastien Lavallee P. Geo, one of the Optionors of the Champagne graphite property, is expected to join the Board of Directors of the Company upon TSX Venture Exchange acceptance of the Champagne Graphite property acquisition agreement.

Mr. Lavallee has been active in mining exploration since 1994. He is the vice president of Consul-Teck Exploration Inc., a consulting firm of Val-d’Or founded in 2003 that specializes in mining exploration in northern areas. Most of the firm’s mandates involve the generation and execution of projects in remote areas. Mr. Lavallee is also President & CEO of Critical Elements Corporation, a publicly listed company. Mr. Lavallee has acted as a geologist for many companies, including Uracan Resources Ltd., Agnico-Eagle Mines Ltd., Noranda Minerals Inc., Champion Minerals Inc., Matamec Explorations Inc., Argex Mining Inc., and others. Having been responsible for the planning and execution of many exploration programs in recent years, Mr. Lavallee has acquired solid experience in exploration project development.

ACQUISITION TERMS

Champagne graphite property

Canada Rare Earths has an option to earn a 100-per-cent interest in the Champagne graphite property from the vendors by making the following payments and issuing the following common shares to the vendors:

i) $60,000 on signing of the option agreement;

ii) $60,000 and 3,000,000 shares on TSX-V acceptance of this option agreement (the “Effective Date”);

iii) $150,000 on closing of project financing (maximum within 6 months from the Effective Date);

iv) 750,000 shares on that day which is 6 months from the Effective Date;

v) $45,000 and 750,000 shares on that day which is 12 months from the Effective Date;

vi) $45,000 and 750,000 shares on that day which is 18 months from the Effective Date; and

vii) $45,000 and 750,000 shares on that day which is 24 months from the Effective Date.

During the period which is 18 months from the effective date, Canada Rare Earth will complete a minimum of $500,000 of exploration on the Champagne graphite property, during the period which is month 18 to month 24 from the Effective Date, Canada Rare Earths will complete a minimum of $1,000,000 of exploration on the property and during the period which is month 24 to month 36 from Effective Date, Canada Rare Earths will complete a minimum of $1,500,000 of exploration on the property. The vendors will retain a 2-per-cent net smelter returns royalty on the property, 1% of which can be purchased by Canada Rare Earths for $1,000,000.

In addition, if the company files a National Instrument 43-101 compliant technical report that discloses a resource estimate with 200,000 tonnes or more of graphite content (at cut-off of 5%), the Company will pay to the Vendors cash consideration of $150,000 and issue 3,000,000 shares to the vendors. All payments are payable in equal proportions to the three Vendors.

Tetepisca North Property

Canada Rare Earths has an option to earn a 100-per-cent interest in the Tetepisca North Property from the vendor by making the following payments and issuing the following common shares to the vendor:

i) $25,000 and 250,000 shares on TSX-V acceptance of this agreement (the “Effective Date”); and

ii) 250,000 shares on the first anniversary of the initial share issuance.

The vendor will retain a 1.5-per-cent net milling royalty on the property, one-third (0.5%) of which can be purchased by Canada Rare Earths for $250,000.

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

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

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

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

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

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

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

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

On Behalf of the Board

“A. Paul Gill”

Chief Executive Officer

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

–

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

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Big North Announces Acquisition of Griffith and Brougham Graphite Properties

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

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

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

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

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

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

The Option Agreement

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

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

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

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

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

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

The Optionors and Big North are arm’s length parties as defined by TSXV policy. A finder’s fee may be paid in connection with the transaction up to the maximum permitted by the policies of the TSXV. The transaction is subject to a number of conditions and approvals, including, but not limited to, required corporate approvals and TSXV acceptance. There can be no assurance that the transaction will be completed as proposed or at all.

Investor Relations Agreement

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

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

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

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

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

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

ON BEHALF OF THE BOARD

“Spiro Kletas” Spiro Kletas President and Chief Executive Officer

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

 

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

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

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

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

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

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

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

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

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

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

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

About Rare Earth Metals Inc.

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

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

Michael Stares, President and CEO

This release includes certain statements that may be deemed forward-looking statements. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company’s filings that are available at www.sedar.com.

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

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

Contact Information

 

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

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

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

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

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Kent Exploration Reports 43 Meter Graphite Bearing Zone at Alexander River

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

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

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

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

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

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

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

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

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

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

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

ON BEHALF OF THE BOARD

Graeme O’Neill, President

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

Contact Information

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

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

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

By Greg Klein

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

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

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

 

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

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

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

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

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

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

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

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

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

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

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

Read more articles like this at resourceclips.com.

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Caribou Acquires Ten Graphite Occurrences in Ontario

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

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

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

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

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

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

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

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

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

ON BEHALF OF THE BOARD

Michael England, CEO, Caribou King Resources Ltd.

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

Contact Information

 

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

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

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Golden Hope Intersects 152 Metres of 1.51 g/t Gold (Au) at Bellechasse-Timmins

Posted by AGORACOM-JC at 9:49 AM on Wednesday, April 18th, 2012

Golden Hope Mines (TSX VENTURE: GNH)(Pink Sheets: GOLHF) – Golden Hope Mines Limited recently announced further significant drill results from its 2011 and winter 2012 drill campaign in southeastern, Quebec. The company is pleased to present the following table of highlights from hole BD2012-192.

Hole Number From To Length (m) Au (g/t)
BD2012-192 249 401 152 1.51
including 290 296 6 1.04
including 315 340 25 1.67
including 358 376 18 1.63
including 386 401 15 6.95
BD2012-192 462 465 3 2.36
including 463 464 1 7.06
BD2012-192 534 553 19 2.05

Table 1: Highlights from BD2012-192 ;results are core length and not capped.

Hole BD2012-192 was planned to intersect and test the extension of a mineralized zone within T2, previously identified on a section containing holes BD2011-163, 166, 167, 167a and 167b. Upon completion of the logging of BD2012-192, it was decided to prioritize this hole for cutting and sampling to expedite the reception of results from the laboratory.

Hole 192 was drilled to the southeast at a steep angle almost perpendicular to the 167 series of holes and further outlines the extent of this substantial mineralized zone.

“We are extremely pleased with these latest drill results. They continue to support the potential for significant mineralization at Bellechasse-Timmins and provide us with much motivation as we enter the next phase of drilling. Our increased understanding of the deposit also allows us to more effectively plan our next campaign to continue to define the extent of the zones of mineralization at Bellechasse-Timmins ” states Frank Candido, President, Golden Hope Mines.

About Golden Hope Mines Limited:

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

Click here to read entire release.

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Sonomax® Signs Material OEM Agreement with Leading Audio Brand Altec Lansing

Posted by AGORACOM-JC at 9:35 AM on Wednesday, April 18th, 2012

Sonomax Technologies, Inc. (TSXV: SHH)

*Sponsor

The company announced they have reached a material agreement with audio innovator Altec Lansing to feature Sonomax’s patented SonoFit™ technology in Altec Lansing products. The OEM partnership, includes product deliveries as early as August, in time for the holiday period and important contractual minimums over the next 24 months for Sonomax. The partnership will bring together the reputable sound quality Altec Lansing is known for with Sonomax’s patented SonoFit Technology for in-ear earphone solutions. The opening order is for 5,000 earphones and product will be promoted in May at an important European trade show.

With North American and International distribution planned to launch by Q3 2012, the Altec Lansing products featuring SonoFit technology will be designed with the look and feel Altec Lansing customers are accustomed to, with the SonoFit Technology making the custom fit headphones experience possible.

“This technology is a great fit for Altec Lansing’s brand. We are already very active in the earphone market on a global scale, and are happy to add SonoFit to our product line,” said Raleigh Wilson, Co-President of Altec Lansing. “We’re excited to offer our global customers a listening experience custom-fit to their needs.”

“Sonomax is proud to count Altec Lansing as an OEM customer for SonoFit. This partnership enables us to expand the innovation at the heart of the Sonomax brand through their famously well-designed products,” said Nick Laperle, Sonomax’s CEO.

SonoFit, brings together more than twelve patented technologies into a disposable fitting system that delivers a customized earpiece designed to seamlessly interface with any number of application modules such as earphones, hearing protection devices, Bluetoothâ„¢ headsets, hearing aids and other in-ear products.

To find out more about SonoFit and the patented fitting technology for custom headphones, please visit: http://sonomax.com/sonofit

About Altec Lansing

Celebrating 75 years of audio excellence and innovation, Altec Lansing is recognized for setting new standards in product design and performance with industry firsts including the first “talkie” film speakers, the first set of desktop computer speakers and the first iPod docking station. Altec Lansing continues to be the first choice for music enthusiasts and audiophiles alike with exceptional audio solutions for the home, on the go, and personal enjoyment. To learn more about Altec Lansing’s unique history and discover the complete line of audio products, visit www.alteclansing.com

About Sonomax Technologies, Inc.

Sonomax® is a leader in the product development, research, and licensing of in-ear technologies. With more than 50 patents and trademarks worldwide, Sonomax’s pioneering innovation includes instant custom-fitting earpieces that deliver the most comfortable, protective and sound-enhancing experience in the world. Poised to become a standard for all in-ear applications, SonoFit™ offers OEM, ODM and aftermarket clients a broader range of opportunities in customized earpieces for the consumer, industrial, military and health markets. Learn more at http://sonomax.com

Why Sonomax? / Hub / Discussion Forum

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Atocha Explores Second Graphite Property in Grenville Sub Province, Quebec

Posted by AGORACOM-JC at 10:12 AM on Tuesday, April 17th, 2012

Apr 17, 2012 — April 17, 2012 – Vancouver, British Columbia, CANADA – Atocha Resources (the Company), TSX.V – ATT reports it has engaged the services of Dany Boilard Inc. to begin exploration on the second Quebec graphite property announced on April 10, 2012 via www.sedar.com .

With the addition of the new Saint-Sixte graphite property, the Company now holds 3,215 hectares in the Grenville sub-province of the Precambrian Shield in Quebec. The area is considered to be highly favourable for graphite, gold, silver, copper, nickel, PGE (platinum group element) and REE (rare earth element) mineralization.

The Saint-Sixte property covers the extension of an airborne magnetic low anomaly that extends directly from Soldi Ventures Inc., (TSX.V-SOV) Lochaber graphite property which was announced via www.sedar.com on February 13, 2012. In that news release Soldi stated that “a strong, wide airborne conductor was discovered and a ground visit to the location revealed massive flake graphite.” The geophysical map of the area shows a strong magnetic low, which may represent the airborne conductor on the Soldi property, extending through the Saint-Sixte area. The map can be viewed at http://www.atocharesources.com/maps/att-mg.jpg .

Dany Boilard Inc. has been hired to carry out detailed exploration through GIS compilation, site visits and a mass mailing to the landowners in the Saint-Sixte property area. All property data on the MRNF E-Sigeom database will also be compiled to prepare a comprehensive exploration plan for the 2012 exploration season. The location and address of the private landowners in the area will be determined by a mass mailing / compilation of answers to build a database of land ownership that can be accessed for exploration, as required under articles 235 and 236 of the Quebec mining act.

The new graphite property is located five kilometres west of the town of Saint-Sixte, Quebec, just off of Route 317, approximately 65 kilometres to the east of Ottawa. The area has been subject to logging and forestry work and a good road network is in place. The property is located in a historic graphite mining district, and was explored for graphite in the early 1950′s and again in the 1980′s, when an airborne survey was flown to better define targets. The Saint-Sixte Property is 100% owned by Atocha Resources and is not subject to any NSR or work commitments.

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

Shareholders and Investors are encouraged to sign on 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 copper and precious metals. The Company has a 100% undivided interest in the McGillivray Property, located in the Kamloops Mining Division of British Columbia. The Company has an option to acquire a 100% undivided interest in the Atkinson (Detour Lake) gold project in Ontario. Atocha owns the Sol Riche and Tresor Nord/Sud REE properties in Montviel Township of Quebec, the Trove, Descouverte, and Bijou gold properties and the Montpellier & Saint-Sixte graphite in the Grenville Belt of Quebec and the Strike 101-114 gold claims near Dawson City, Yukon.

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.

The TSX Venture Exchange does not accept responsibility for the accuracy or adequacy of this release.

Source: http://www.marketwatch.com/story/atocha-explores-second-graphite-property-in-grenville-sub-province-quebec-2012-04-17

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