Wednesday, April 23, 2014

Berkwood Engages ABGeoconseil to Conduct Fieldwork at Lac Gueret East Graphite Property and Consult on Graphite Strategy


Vancouver, BC / ACCESSWIRE / April 10, 2014 / Berkwood Resources (TSX-V: BKR) (the "Company" or "Berkwood") has retained the services of geologist consultant, Alain Berclaz, P. Geo and CEO of ABGeoconseil Inc. to lead the fieldwork program at Berkwood's Lac Gueret East Graphite Property. Mr. Berclaz has been working as a Geologist for 23 years with significant field experience throughout Europe, West Africa and Canada, including the Grenville Province. He has published, lectured and authored nearly 100 publications. He has worked for the Universite Laval, the Geological Survey of Canada, and the Ministry of Natural Resources of Quebec. He has also worked over the past 15 years as an independent consultant exploring for gold, PGE, base metals (Ni, Cu, Co, Mo) as well as porphyry and IOCG type mineralization (Au, Ag, Cu, Mo, W, Sn, REE).

Brian Buchanan, President and Director of Berkwood commented "Berkwood is uniquely positioned as one of the only companies to have acquired significant land positions in the immediate vicinity of Mason Graphite's advanced Lac Gueret project. The Lac Gueret East Graphite Property is well located in the Grenville Province, sharing a similar geological environment to Mason Graphite's Lac Gueret project. We are looking forward to working with ABGeoconseil on the optimization and potential expansion of Berkwood's graphite portfolio in this prospective region"

To view details, maps and photos of Berkwood's Lac Gueret East Graphite Property please click the following link: http://www.berkwoodresources.com/lac-gueret-east.html.
If you are not currently on the Berkwood Resources news and updates list, you can opt-in via the Berkwood website by clicking here http://www.berkwoodresources.com/contact.html. News Releases and exploration updates are emailed to list members who wish to keep up to date with Berkwood Resources and our projects.
On behalf of Berkwood Resources
"Brian Buchanan"
Brian Buchanan, President and Director
For additional information please contact:
Karim Sayani, Corporate Communications
Tel: (604) 662-7455 E-mail: karim@berkwoodresources.com
Tom Steer, Corporate Development
Tel: (604) 662-7455 E-mail: tomsteer@berkwoodresources.com
Forward Looking Statements
This Berkwood News Release may contain certain "forward-looking" statements and information relating to Berkwood that are based on the beliefs of Berkwood's management as well as assumptions made by and information currently available to Berkwood's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitation, competitive factors, general economic conditions, relationships with strategic partners, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results and forward-looking statements and forward-looking information may vary materially from those described herein. Except as required by law, Berkwood does not assume the obligation to update any forward-looking statement or forward-looking information.
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 news release.

Tuesday, April 22, 2014

RB Energy, Formerly Canada Lithium, to produce Battery Grade Li in Q3 2014


TSX:RBI
OTCQX:RBEIF






April 22, 2014 08:30 ET

RB Energy Provides an Operations Update for Quebec Lithium



VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 22, 2014) - RB Energy Inc. (the "Company" or "RBI" or RB Energy") (TSX:RBI)(OTCQX:RBEIF) is pleased to report that with temperatures in the Val d'Or area of Quebec rising, the Quebec Lithium concentrator was successfully restarted last week as planned. Production volumes from the concentrator are gradually being increased to enable the restart of the hydromet circuit by the end of this week. In Q2 throughputs will gradually be increased and, with the ore sorter commissioning commencing by the end of Q2, will enable commercial production levels to be achieved as scheduled in Q3. The first sales of battery grade lithium carbonate are expected to commence in May.

By the end of Q3 the crushing circuit of the concentrator will be completely winterized, enabling lithium carbonate production year round going forward

Commenting on the restarting of the Quebec Lithium operation, Richard Clark, President and CEO, said: "Mother nature has finally decided to allow spring to arrive. This winter in Quebec was extremely challenging. With the long duration of extremely cold temperatures, and incomplete winterization at the plant, it was not possible to operate the concentrator for the better part of 5 months. Despite this situation, we were able to successfully commence commissioning of the hydromet section of the plant and we achieved a very high grade battery product in March. With all components of the Quebec Lithium complex in operation, we now look forward to delivering into our offtake contracts. 

I would like to take this opportunity to thank our shareholders, bankers, other investors and offtake partners for their support and patience. I would also like to thank our employees for their continued commitment and determination. It has been a long road with numerous challenges, but we are very excited about being so close to achieving our goal of being a new, high quality, strategic, lithium carbonate producer." 

RBI is a Canadian company formed pursuant to the arrangement involving Sirocco Mining Inc. and Canada Lithium Corp. It currently owns Aguas Blancas, an iodine producing mine in northern Chile, and the Quebec Lithium Project near Val d'Or, the geographical heart of the Quebec mining industry. The Aguas Blancas mine is currently in production. The Quebec Lithium Project has completed construction and is in the commissioning phase. For more information regarding RBI, please refer to its public filings available at www.sedar.com.

Forward-Looking Statements
Certain information contained in this news release, including any information relating to the state of the lithium and iodine industries; statements regarding our ability and the timing to achieve and sustain commercial production and name-plate production levels of iodine; our ability to secure commercial orders from our customers; and our ability to become a material player in the lithium market are "forward-looking statements". These forward-looking statements relate to future events or future performance and reflect the Company's expectations regarding the future growth, results of operations, business prospects and opportunities of RBI. These forward-looking statements also reflect the Company's current internal projections, expectations or beliefs and are based on information currently available to the Company. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. The estimates and assumptions of RBI underlying the forward-looking statements in this news release may prove to be incorrect. Assumptions upon which such forward-looking information include, among other things, successful and timely commissioning, ramp-up and production at the Québec Lithium Project; the lack of any further significant capital expenditures during the commissioning stage or to bring the hydrometallurgical process plant into production; the continuing support and cooperation of RBI's off-take partners; as well as financial predictions premised on such assumptions. Although the Company believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. RBI expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.

Contact Information

Thursday, March 13, 2014

Zenyatta Ventures has a new neighbor in the chase for Hydrothermal Graphite

Brookemont Capital Inc.

TSX VENTURE : BKT
 PINKSHEETS : BKTPF
FRANKFURT : BRO



March 12, 2014 03:01 ET

Brookemont Encounters Large Conductive Anomaly on the Kenagami Hydrothermal Graphite Prospect



VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 12, 2014) - Brookemont Capital Inc. ("BKT", "Brookemont" or the "Company") (TSX VENTURE:BKT)(PINKSHEETS:BKTPF)(FRANKFURT:BRO) wishes to announce it has discovered a large TDEM conductive anomaly on the Kenagami Hydrothermal Graphite prospect in Ontario. This anomaly measures approximately 800 metres by 500 metres and was outlined using the airborne survey recently completed by Brookemont.
Mr. Gregory Thomson Director of Brookemont states, "Tthis newly discovered anomaly significantly advances the development of our Kenagami Hydrothermal Graphite Prospect. We now have a large target measuring approximately 800 metres by 500 metres. Zenyatta Ventures Ltd. has recently made a discovery of massive hydrothermal graphite and we feel that there is district-wide potential for the discovery of additional magmatic hydrothermal graphite vein-breccia style mineralization similar to Zenyatta's Albany Graphite Deposit.

" Brookemont's new anomaly is of particular interest due its size and the strong overall TDEM response, consequently this will be our main exploration focus going forward."

Brookemont has several ongoing projects including: a) a 100% interest in the "Albany East" Prospect. This land is prospective for hydrothermal (vein) graphite and directly borders Zenyatta Ventures Ltd. property that hosts its hydrothermal graphite deposit. b) a 100-per-cent interest in the Kenagami hydrothermal graphite prospect in Ontario, c) an aluminous clay and rare earth prospect in the Gaspe Bay Region of Quebec. This prospect directly borders the Grand-Vallée Deposit of Orbite Aluminae Inc.

Mr. Gregory Thomson, P.Geo., is the qualified person for the project as defined by National Instrument 43-101 and he has reviewed this news release.

If you would like to be added the BKT email list please send an email to brookemontinfo@gmail.com.
Conrad Clemiss, President, Director
Brookemont Capital Inc.
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

Contact Information

Friday, February 28, 2014

RB Energy Provides an Operations Update for Canada Lithium project in Quebec

RB Energy Inc.

TSX : RBI
OTCQX : CLQMD



February 28, 2014 08:30 ET



VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 28, 2014) - RB Energy Inc. (the "Company" or "RBI" or "RB Energy") (TSX:RBI)(OTCQX:CLQMD) confirms that it is not aware of any unreleased material information regarding the Company and provides an update on its lithium operations in Quebec.
On February 11, 2014 RBI commenced a continuous commissioning run of the hydro-metallurgical circuit at its wholly owned Quebec Lithium operation. This commissioning run is scheduled to continue until mid-March and will provide battery grade lithium carbonate samples to our customers for quality assessment. In addition, a bulk sample from this run will be shipped to Tewoo-ERDC, our principal off-take partner, for commercial testing.

In mid-March the hydro-metallurgical circuit will be temporarily suspended for commissioning maintenance and production assessment. Operations and lithium production will recommence in April in both the flotation and hydro-metallurgical circuits, culminating in the commissioning of an optical ore sorter by the beginning of the third quarter. Quebec Lithium is on track to ramp up to and achieve name plate production levels (20,000 tonnes of lithium carbonate per annum) by year end.

Commenting upon the recent production success at Quebec Lithium and recent developments in the lithium market, Richard Clark, President and CEO of RB Energy, stated, "The management and operations team of RB Energy are very pleased with the progress at the Quebec Lithium operation. Our current production run will provide the necessary lithium carbonate samples to supply commercial orders from our customers going forward. We are meeting our initial targets and we are on track to achieve name-plate throughput of 20,000 tonnes per annum of battery grade lithium carbonate by year end. Quebec Lithium is the only hard rock lithium operation in North America and is poised to become a material player in the exciting future of the lithium battery market."

RBI is a Canadian company formed pursuant to the arrangement involving Sirocco Mining Inc. and Canada Lithium Corp. It currently owns Aguas Blancas, an iodine producing mine in northern Chile, and the Quebec Lithium Project near Val d'Or, the geographical heart of the Quebec mining industry. The Aguas Blancas mine is currently in production. The Quebec Lithium Project has completed construction and is in the commissioning phase. For more information regarding RBI, please refer to its public filings available at www.sedar.com.

Forward-Looking Statements
Certain information contained in this news release, including any information relating to the state of the lithium and iodine industries; statements regarding our ability and the timing to achieve and sustain commercial production and name-plate production levels of iodine; our ability to secure commercial orders from our customers; and our ability to become a material player in the lithium market are "forward-looking statements". These forward-looking statements relate to future events or future performance and reflect the Company's expectations regarding the future growth, results of operations, business prospects and opportunities of RBI. These forward-looking statements also reflect the Company's current internal projections, expectations or beliefs and are based on information currently available to the Company. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. The estimates and assumptions of RBI underlying the forward-looking statements in this news release may prove to be incorrect. Assumptions upon which such forward looking information include, among other things, successful and timely commissioning, ramp-up and production at the Québec Lithium Project; the lack of any further significant capital expenditures during the commissioning stage or to bring the hydrometallurgical process plant into production; the continuing support and cooperation of RBI's off-take partners; as well as financial predictions premised on such assumptions. Although the Company believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. RBI expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.

Contact Information


RB Energy Inc.
Sophia Shane
(604) 689-7842
sophias@namdo.com

Friday, February 21, 2014

San Gold Announces a 60% Increase in Mineral Reserves

San Gold CorporationSan Gold Corporation

TSX : SGR
OTCQX : SGRCF


February 20, 2014 20:00 ET



WINNIPEG, MANITOBA--(Marketwired - Feb. 20, 2014) - San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) today announced an updated mineral reserve and resource estimate for its Rice Lake Mining Complex.

During 2013, extensive definition drilling and detailed mine planning to integrate the Hinge, 007 and Rice Lakes mines resulted in an increase in proven and probable mineral reserves to 2.7 million tons grading 5.24 grams per tonne containing 405,400 ounces of gold as of December 31, 2013. This is a 60% increase from the proven and probable mineral reserves as of December 31, 2012. 

"I am very pleased with the progress made by our technical team over the past year. The increase in reserves has allowed us to complete five years of detailed mine planning, thereby providing improved operational flexibility. Our drilling in 2014 will be primarily from underground locations in closer proximity to known ore bodies. We expect to achieve a further increase in the mineral reserve as the year progresses through the conversion of our large inferred mineral resource," said Ian Berzins, San Gold's President, CEO and Chief Operating Officer.
Notes to Mineral Reserve and Resource Estimate Table
  • Mineral reserve and resource estimates are calculated in accordance with the CIM Definition Standards on Mineral Resources and Mineral Reserves adopted by CIM Council, 2010.
  • Tonnage and ounce estimates have been rounded to the nearest hundred.
  • Proven and probable mineral reserves are included in the measured and indicated mineral resources.
  • The mineral reserve estimate is based on a gold price of US$1,250 per ounce.
  • A cut-off grade of 3.65 g/tonne gold was used for estimating mineral reserves. A cut-off grade of between 2.74 and 3.43 g/tonne gold was used for estimating mineral resources.
  • Inferred mineral resources are not in the current mine plan and therefore do not have demonstrated economic viability.
The estimate of mineral resources was carried out under the supervision of Michael Michaud, Vice-President
of Exploration. The estimate of mineral reserves was carried out under the supervision of Rolando Jeria, Chief Engineer. Mr. Michaud and Mr. Jeria are Qualified Persons as defined by NI 43-101, and have reviewed and approved this news release.

About  San Gold
San Gold is an established Canadian gold producer, explorer, and developer that owns and operates the Rice Lake Mining Complex near Bissett, Manitoba. The Company employs more than 420 people and is committed to the highest standards of safety and environmental stewardship. San Gold is on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".

Cautionary Note
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding forecast gold production, gold grades, recoveries, cash operating costs, potential mineralization, mineral resources, mineral reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable mineral reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of precious metals, as well as those factors discussed in the section entitled "Other MD&A Requirements and Additional Disclosure and Risk Factors" in the Company's most recent quarterly Management's Analysis and Discussion ("MD&A"). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics, and economic potential to be classed as a category of mineral resource. A mineral resource that is classified as "inferred" or "indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category of resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable reserves.

Contact Information


  • San Gold Corporation
    Ian Berzins
    President, CEO, and Chief Operating Officer
    Toll Free: 1 (855) 585-4653

    San Gold Corporation
    Tim Friesen
    Investor Relations
    Toll Free: 1 (855) 585-4653
    sgr@sangold.ca
    www.sangold.ca

Tuesday, February 18, 2014

IBC Advanced Alloys inks first contract with Lockheed Martin to supply Beralcast Alloys for the F-35 Fighter project

IBC Advanced Alloys Corp.IBC Advanced Alloys Corp.

TSX VENTURE : IB
OTCQX : IAALF




February 18, 2014 09:00 ET

IBC Engineered Materials Awarded Hard Tooling Contract from Lockheed Martin for F-35 Lightning II Application


Tooling for Beralcast® casting of F-35 Lightning II Electro-Optical Targeting System Components

WILMINGTON, MASSACHUSETTS--(Marketwired - Feb. 18, 2014) - IBC Advanced Alloys Corp. (TSX VENTURE:IB)(OTCQX:IAALF) ("IBC" or the "Company") reports that its wholly owned US subsidiary, IBC Engineered Materials Corp. ("IBC-EMC"), has been awarded an investment casting hard tooling contract from Lockheed Martin in support of its F-35 Lightning II Electro-Optical Targeting System (EOTS).

Under the terms of the contract, IBC-EMC will be responsible for the design, manufacture and implementation of hard tooling to be used as a part of the final qualification process to establish Beralcast® castings as an effective beryllium-aluminum alternative for precision optical components for the F-35 Lightning II.
As previously disclosed, IBC-EMC is demonstrating the viability of Beralcast® castings to improve lead times and affordability of high performance aerospace components made from beryllium aluminum alloys. IBC-EMC has completed several advanced prototype castings and will now use the hard tooling to deliver a first article casting for pre-production approval.

"IBC is pleased to have received a hard tool contract from Lockheed Martin," said Ray White, President of IBC-EMC. "We are committed to demonstrating the viability of Beralcast® castings with a hard tool and to completing the final stages of our materials and processing qualifications."

"It is an honor to be working with Lockheed Martin," said Anthony Dutton, President and CEO of IBC. "Our Company is committed to delivering advanced beryllium aluminum casting solutions, not only for Lockheed Martin and the F-35 Lightning II but also for other aerospace industry initiatives where modulus, weight and cost are critical performance factors."

Beralcast® alloys can be used in virtually any high performance application requiring complex, lightweight and high-stiffness parts and can be substituted for aluminum, magnesium, titanium, metal matrix composites as well as pure beryllium or powder metallurgy beryllium-aluminum. Beralcast's® principal alloys are more than three times stiffer than aluminum with 22% less weight and can be precision-cast for simple and complex three-dimensional stability. These high-modulus alloys are ideal for high performance industrial and high tech components as well as for a wide range of aerospace applications.

About IBC Advanced Alloys Corp.
IBC is an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products serving a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. IBC has 80 employees and is headquartered in Vancouver, Canada with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. IBC is creating a dynamic global beryllium and advanced alloys company. IBC's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQX under the symbol "IAALF".
This news release was prepared by management of IBC, which takes full responsibility for its contents. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. 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.
This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with manufacturing activities therefore the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

Contact Information

Thursday, February 13, 2014

Mason Graphite Ranked as a Top 10 Mining Sector Performer in the TSX Venture 50®

Mason Graphite Inc.Mason Graphite Inc.

TSX VENTURE : LLG
OTCQX : MGPHF



February 12, 2014 14:39 ET



MONTREAL, QUEBEC--(Marketwired - Feb. 12, 2014) - Mason Graphite Inc. ("Mason Graphite" or the "Company") (TSX VENTURE:LLG)(OTCQX:MGPHF) is pleased to announce that it has been selected for inclusion in the 2014 "TSX Venture 50®", a ranking of the top 50 emerging public companies listed on the TSX Venture Exchange.
 
"We are very pleased to be included in the TSX Venture 50® and to be recognized as one of the top ten performing mining companies on the TSX Venture in 2013," commented Benoit Gascon, President and CEO of Mason Graphite. "This recognition demonstrates our management team's hard work and the significant progress we have made in developing our Lac Guéret graphite project. We look forward to keeping this momentum and continuing to deliver results for our shareholders."

The TSX Venture 50® are the top 10 companies listed on the TSX Venture Exchange, in each of the five major industry sectors - mining, oil & gas, technology & life science, diversified industries and clean technology - based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2013.

About Mason Graphite Inc.
Mason Graphite is a Canadian mining company focused on the exploration and development of its 100% owned Lac Guéret graphite property, located in northeastern Québec. The property hosts a National Instrument 43-101 compliant Mineral Resource featuring 50,024,000 tonnes grading 15.6% Cg, including 6,672,000 tonnes at 32.4% Cg, in the Measured and Indicated categories and 11,861,000 tonnes grading 17.1% Cg, including 2,637,000 tonnes at 30.5% Cg, in the Inferred category. Excellent potential exists for further mineral resource growth. A Preliminary Economic Assessment study was completed on an earlier 7,600,000 tonne mineral resource estimate from July 2012 which features 22 years of production at 27.4% Cg and a pre-tax internal rate of return of 33.7% (see technical report entitled "NI 43-101 Technical Report on the Mineral Resources Estimation Update 2013 Lac Guéret Graphite Project, Québec-Canada", dated January 17, 2014). The Company's senior management team possesses significant graphite expertise from their experience at Timcal/Imerys, including Benoit Gascon, CPA, CA, who held executive positions for 20 years, including over 6 years as President and CEO; Jean L'Heureux, Eng., Executive Vice-President, Process Development, with over 20 years of experience; and Luc Veilleux, CPA, CA, Chief Financial Officer and Executive Vice-President, with 8 years of experience. Timcal, now owned by Imerys, is one of the largest graphite producers in the world.
Qualified Person
Jean L'Heureux, Eng., Mason Graphite's Executive Vice-President of Process Development and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical content of this press release.
For more information about Mason Graphite, visit www.masongraphite.com or contact info@masongraphite.com.
Stay Connected: Twitter: @MasonGraphite Facebook: /MasonGraphite
Cautionary Statements
This press release contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operations of mineral deposits; (v) the risk associated with establishing title to mineral properties and assets; (vi) the risks associated with entering into joint ventures; (vii) fluctuations in commodity prices; (viii) the risks associated with uninsurable risks arising during the course of exploration, development and production; (ix) competition faced by the resulting issuer in securing experienced personnel and financing; (x) access to adequate infrastructure to support mining, processing, development and exploration activities; (xi) the risks associated with changes in the mining regulatory regime governing the resulting issuer; (xii) the risks associated with the various environmental regulations the resulting issuer is subject to; (xiii) risks related to regulatory and permitting delays; (xiv) risks related to potential conflicts of interest; (xv) the reliance on key personnel; (xvi) liquidity risks; (xvii) the risk of potential dilution through the issue of common shares; (xviii) the Company does not anticipate declaring dividends in the near term; (xix) the risk of litigation; and (xx) risk management.
Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in metal prices, exploration and development plans proceeding in accordance with plans and such plans achieving their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this press release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.
Mineral resources that are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
The quantity and grade of reported inferred mineral resources in this news release are uncertain in nature and there has been insufficient exploration to define these inferred mineral resources as indicated or measured mineral resources and it is uncertain if further exploration will result in upgrading them to indicated or measured mineral resources.
The PEA is preliminary in nature and includes Inferred Mineral Resources, which are considered too geologically speculative to have mining and economic considerations applied to them that would enable them to be categorized as mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that the reserves development, production, and economic forecasts on which the PEA is based will be realized.
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


  • Mason Graphite Inc.
    Investor Relations
    info@masongraphite.com
    www.masongraphite.com

    Simon Marcotte
    Vice-President Corporate Development
    +1 (416) 861-5822

    Benoit Gascon, President & CEO
    Greater Montreal Office
    3030 Le Carrefour blvd. Suite 600
    Laval QC H7T 2P5

    Toronto Office
    65 Queen Street West, Suite 800
    Toronto, ON M5H 2M5