A source of information and resource for small investors - "Patience is a Super Power" - "The Money is in the waiting"
Showing posts with label Canadian Graphite. Show all posts
Showing posts with label Canadian Graphite. Show all posts

Monday, October 6, 2014

Lomiko Metals drilling for more Graphite in Quebec

Drill Permit Issued for Lomiko's La Loutre Crystalline Flake Graphite Property in Quebec 
 by Marketwire

Lomiko Metals Inc. ("Lomiko") (TSX VENTURE: LMR)(PINKSHEETS: LMRMF)(FRANKFURT: DH8B) and Canada Strategic Metals Inc. ("Strategic Metals" or the "Company") (TSX VENTURE: CJC)(FRANKFURT: YXEN)(OTCBB: CJCFF) are very pleased to announce that a drilling permit for the La Loutre Crystalline Flake Graphite Property has been issued which allows for up to 29 drill holes. On September 23, 2014 Lomiko optioned 40% interest in the La Loutre Crystalline Flake Graphite Property located in Quebec last month. A full set of results was reported in that news release.

The goal of the exploration program is to identify high-grade, near-surface graphite mineralization suitable for conversion to battery-grade graphite. The graphite industry could see exponential growth based on new demand for lithium-ion batteries, which use 10 to 15 times as much graphite as lithium.
Telsa Motor Cars and Panasonic announced a new Lithium-ion Giga-factory in Nevada which is estimated to double the yearly supply of Li-ion batteries by 2020. Currently, synthetic graphite with consistent carbon purity of 99% or more is used in Li-ion batteries. This effects the graphite market in two ways. One, the price of synthetic graphite is likely to increase based on increased demand for all graphite products. Two, if a natural, cost-effective source of consistently high carbon purity graphite is derived from a property, groups such as Telsa could use the material directly in their batteries.

Of particular interest to Lomiko was an area of the property which reported grab samples up to 22.04% Carbon Flake Graphite (CFG) and Carbon Purity Test results reporting up to 100.00% Carbon Purity in the Large and Extra Large Flake Graphite. 

Graphite grab sample assay results derived from a recent sampling and mapping program on the has confirmed a graphite bearing structure covering an area approximately 7 kilometers by 1 kilometer with results of up to 22.04% graphite in multiple parallel zones of 30-50 meters wide. Another area has also been identified covering approximately 2 kilometers by 1 kilometer in multiple parallel zones of 20-50 meters wide which includes results up to 18% graphite. Grab samples are selective by nature and are unlikely to represent the average grade of a deposit. The drilling program is designed to test these areas.

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

On Behalf of the Board
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.
Contacts:
Lomiko Metals Inc.
A. Paul Gill
Chief Executive Officer
604-729-5312
info@lomiko.com
www.lomiko.com


SOURCE: Lomiko Metals Inc.

Tuesday, August 12, 2014

Focus Graphite Files Lac Knife Graphite Project Feasibility Study Technical Report

Focus Graphite Inc.

August 2014


Weighs lower-cost options for tandem financing of mine/plant and purification facilities for high value "battery grade" graphite production


OTTAWA, ONTARIO--(Marketwired - Aug. 8, 2014) - Focus Graphite Inc. ("Focus" or the "Company") (TSX VENTURE:FMS) (OTCQX:FCSMF) (FRANKFURT:FKC) sole owner of the Lac Knife, Quebec high purity graphite deposit announced today that the Feasibility Report prepared in accordance with National Instrument 43-101and with form 43-101F1 will be filed under the Company's SEDAR profile on Friday August 8th, 2014 at www.sedar.com and on Focus' website (www.focusgraphite.com).

The Feasibility Study was prepared by Met-Chem Canada Inc. with contributions from AGP Mining Consultants, Journeaux Associates and Golder Associates.
Don Baxter, Focus' President and Chief Operating Officer said: "With the Feasibility Study now completed, we continue to de-risk the project by focusing on key, near to mid-term milestones, including: detailed engineering, project financing, and the permitting process.
"In particular," he added, "the Feasibility Study opens the door to another level of available financing.
"We are evaluating options to secure project financing that will enable us to advance the Lac Knife mine and plant construction."
Mr. Baxter said discussions with potential offtake partners are ongoing and will complement the existing 10-year offtake signed in December, 2013.
The highlights of the Feasibility Study, as reported June 25, 2014:

Table 1
Lac Knife Feasibility Results (Pre-Tax) Base Case 2016 Forecast Units
Average Price / Tonne of Concentrate: $1,713 $2,256 US$
Internal Rate of Return (IRR) 30.1 41.8 %
Net Present Value @ 6% Discounted Cash Flow 510 809 $ million
Net Present Value @ 8% Discounted Cash Flow 383 624 $ million
Net Present Value @ 10% Discounted Cash Flow 291 488 $ million
Payback Period 3.0 2.1 Years
Lac Knife Feasibility Results (After-Tax) Base Case 2016 Forecast Units
Internal Rate of Return (IRR) 24.1 32.8 %
Net Present Value @ 6% Discounted Cash Flow 304 476 $ million
Net Present Value @ 8% Discounted Cash Flow 224 364 $ million
Net Present Value @ 10% Discounted Cash Flow 165 280 $ million
Payback Period 3.2 2.4 Years
All monetary values are in Canadian Dollars ("CDN") except where specified otherwise

Of note is that average prices used in the financial model do not include value added products produced using the typically lower valued finer natural flake graphite.
Background:
The Feasibility Study was conducted with engineering and estimation methods appropriate to target an accuracy of 15% that is standard and realistic for capital and operating cost estimates for this level of study, that is required prior to detailed engineering, and well beyond the +/- 30% accuracy of a Preliminary Economic Assessment (PEA). Based on an extensive risk review exercise the contingency is 11.5%. Capital Expenditures in Table 2 itemize cost requirements for mine construction, processing plant, power line and all associated infrastructure estimated at $165.55 million.

Table 2
Lac Knife Capital Expenditure - Cost Centers CDN$ millions
Mine equipment, infrastructure, and pre-stripping 4.21
Infrastructure 11.62
Primary Crushing 7.02
Concentrator 62.24
Environmental and Tailings Management 8.22
Additional Infrastructure 15.4
Indirect Costs 39.77
Contingency (11.5%) 17.07
Sub Total 165.55

The company is continuing discussions with vendors to define financing packages for equipment. The company's aim is to reduce up front capital and add to the basket of financing options currently being investigated. Discussions and due diligence continue regarding Supply Chain Financing ("SCF") based on the offtake agreement signed in December, 2013 for a minimum of 50% of Lac Knife's production over the life of a 10-year agreement. SCF is a non-dilutive alternative to equity financing and is less encumbering than traditional debt, or royalty financing.

Future off-take agreements will contain a financial component. This project-financing alternative could include equity and low interest debt as well as a signing bonus to execute an offtake agreement. The various options discussed above have the potential to enhance future project economic evaluation metrics, and the company continues these discussions with several interested parties.
Qualified Persons
The technical information within this news release was approved by Project Leader Mary-Jean Buchanan Eng., and Jeffrey Cassoff Eng., Lead Mining Engineer, and Ewald Pengel P. Eng., Senior Metallurgist, who was responsible for concentrator design, of Met-Chem Canada Inc. all Qualified Persons under NI 43-101 guidelines and independent of the issuer. Pierre Desautels, P.Geo., of AGP Inc. completed the NI- 43-101 Mineral Resource Estimate and is independent of the issuer.
The technical information in this news release was prepared by Mr. Don Baxter, P. Eng., Focus President & Chief Operating Officer, a Qualified Person as defined by NI 43-101 guidelines, who has reviewed and approved the technical content of this news release.
About Focus Graphite
Focus Graphite Inc. is an emerging mining development company with an objective to produce value added products initially for the lithium ion battery market from the Lac Knife graphite deposit located south west of Fermont, Québec. The Lac Knife project hosts a NI 43-101 compliant Measured and Indicated Mineral Resource Estimate* of 9.6 million tonnes grading 14.77% graphitic carbon (Cg) as natural flake graphite with an additional Inferred Mineral Resource Estimate* of 3.1 million tonnes grading 13.25% Cg. Focus' goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. The Feasibility Study filed with SEDAR on August 8, 2014 for the Lac Knife Project indicates the project is economically viable and has the potential to become a low cost graphite producer based on 7.86 million tonnes (429,000 tonnes Proven and 7,428,000 tonnes Probable) of Proven and Probable Reserves grading 15.13 Cg. On May 27, 2014 the Company announced the Potential for High Value Added Sales in the Li-Ion Battery Sector following battery coin cell tests performed on Lac Knife Spherical Graphite ("SPG"). Testing measured the performance metrics and confirmed Focus' capability to tailor lithium ion battery anode grade graphite and value added products to meet the most stringent customer specifications. Focus Graphite is a technology-oriented enterprise with a vision for building long-term, sustainable shareholder value. Focus also holds a significant equity position in graphene applications developer Grafoid Inc.
* Mineral resources are not mineral reserves and do not have demonstrated economic viability
Forward Looking Statement
This news 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 operation 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 news release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

Contact Information


Focus Graphite Inc.
Mr. Don Baxter, P.Eng
President and Chief Operating Officer
705-789-9706
dbaxter@focusgraphite.com
www.focusgraphite.com

Thursday, August 7, 2014

Graphite news - Lomiko Metals - to Adopt Shareholder Rights Plan at October 30, 2014 AGM

 Marketwire Canada
LOMIKO METALS INC. (TSX VENTURE:LMR)(PINKSHEETS:LMRMF)(FRANKFURT:DH8B) (Europe: ISIN: CA54163Q1028, WKN: A0Q9W7) (the "Company") announces that its Board of Directors (the "Board") has approved the adoption of a shareholder rights plan (the "Plan"). The Plan is subject to the approval of the TSX Venture Exchange and shareholder ratification within six months of its adoption. The Corporation will seek shareholder ratification at its annual and special meeting of the shareholders scheduled to be held on October 30, 2014.

Lomiko is not adopting the Plan in response to any specific proposal to acquire control of its outstanding securities. The Plan will be similar to plans adopted by other Canadian companies and ratified by their shareholders. It is not the intention of the Plan to entrench management or prevent a change of control of Lomiko to the detriment of shareholders. The Plan will not apply to takeover bids that meet certain requirements including that the bid be made by way of a takeover bid circular and be left open for at least 60 days so as to ensure that shareholders will have an adequate opportunity to assess the merits of any such bid. 

The Plan has been designed to encourage the fair and equal treatment of shareholders in connection with any takeover bid for Lomiko's outstanding securities, and will provide the board of directors with additional time to assess the advantages and disadvantages of any particular offer, and to seek out alternative proposals in the best interests of all shareholders.


If ratified, the Plan will have an initial term which will expire at Lomiko's annual general meeting of shareholders to be held in 2017; the Plan may also be reconfirmed and extended at that annual general meeting and at every third annual general meeting thereafter. If ratified as disclosed above, a copy of the new rights plan will be available for viewing on SEDAR and may also be obtained from Lomiko subsequent to its 2014 annual general meeting of shareholders.

Lomiko Metals Inc. Background
Lomiko Metals Inc. is a Canada-based, exploration-stage company. The Company is engaged in the acquisition, exploration and development of resource properties that contain minerals for the new green economy. Its mineral properties include the Quatre Milles Graphite Property and the Vines Lake property which both have had recent major discoveries. 

For more information on Lomiko Metals Inc., review the website at www.lomiko.com.
On Behalf of the Board of LOMIKO METALS INC.

A. Paul Gill, 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.
FOR FURTHER INFORMATION PLEASE CONTACT: Lomiko Metals Inc. A. Paul Gill 604-729-5312 info@lomiko.com www.lomiko.com
SOURCE: Lomiko Metals Inc.

Thursday, January 30, 2014

Focus Graphite Reports a 92% Increase in the Measured and Indicated Mineral Resource Categories at its Lac Knife Flake Graphite Project – to 9.6 million tonnes grading 14.77% Cg

OTTAWA, ONTARIO — (January 28, 2014) – Focus Graphite Inc. (TSX- V:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) (“Focus” or the “Company”) is very pleased to announce an update of its National Instrument 43-101 (“NI 43-101”) mineral resource estimate for its 100%-owned Lac Knife graphite project, in northeastern Québec.

The resource estimate is based on both the 2012 and 2013 additional exploration and definition drilling programs for a total of 92 holes, and 9,103 meters that successfully achieved the designed goal to upgrade the quality of existing Indicated and Inferred resources to the Measured and Indicated categories. This is in addition to 105 previous drill holes that totalled 9,217 meters.

Measured and Indicated resources are now estimated at 9.6 million tonnes grading 14.77% Cg at a 3% Cg cut-off grade. Additionally there are 3.1 million tonnes of Inferred resources at 13.25 % Cg using a 3% cut-off in this updated resource estimate presented in Table 1 below.
Table 1. Lac Knife Mineral Resource Estimate
@ 3.0 % graphitic carbon (“Cg”) cut-­‐off

jan28pic2
Mineral resources are not mineral reserves and do not have demonstrated economic viability

Highlights

  • Measured and Indicated mineral resources reported at a cut-off of 3.0% Cg increased in tonnage by 92% to 9.6 million tonnes grading 14.77% Cg compared to the previous estimate of 4.9 million tonnes grading 15.76% Cg reported at a cut-off of 5.0% Cg.
  • Upgraded 432,000 thousand tonnes of Indicated resources to the Measured resource category grading an average of 23.66% Cg using a 3% cut-off grade.
  • The updated resource estimate increased the in-situ Graphite content by 81%.
  • The bulk of the 3.0 million tonnes previously classified as Inferred resource was successfully upgraded to the Measured and Indicated categories.
  • Delineation of an additional 3.1 million tonnes of Inferred resources that is located within the southwest extension of the Lac Knife deposit.
As shown in Table 2 below, when comparing at the 5% Preliminary Economic Assessment (PEA) cut-off, the resource tonnage increased by 92% in the Measured and Indicated categories from 4.9 million tonnes grading 15.76% Cg in the PEA study to 9.5 million tonnes grading 14.86% Cg in this new update. This translated to an increase of 81% of in-situ graphite from 778,000 tonnes to 1.4 million tonnes in the Measured and Indicated categories.
In the Inferred resource category, the tonnage decreased by 2.0% from 3.0 million tonnes in the PEA study to 2.9 million tonnes in this resource update. The Inferred resource category average grade was reduced from 15.58% Cg to 13.75% Cg resulting in a reduction of 13.5% of in-situ graphite in this category from 467,000 tonnes down to 404,000 tonnes. These changes resulted from converting most of the 3.0 million tonnes of Inferred resources in the PEA study pit to the Measured and Indicated categories, and also by significantly extending the deposit to the south adding an additional 3.1 million tonnes of Inferred resources in the newly delineated South Central Zone which is still considered open in this direction by Focus (See Figure 1).
Another contributing factor was the reduction of the cut-off grade from 5% Cg in the PEA study down to 3% Cg in this update. The reduction in cut-off was driven by a higher selling price and higher concentrate grade.
Table 2. Sensitivity to cut-off change and comparison to previous estimate
tableimg
The rounding of tonnes as required by NI43-101 reporting guidelines may result in apparent differences between tonnes, grade and contained graphite.
Figure 1. Isometric Representation of the major mineralized zones with resource constraining shell
Jan28pic

Focus Graphite President and Chief Operating Officer Don Baxter stated: “We are very pleased to have further de-risked the Lac Knife project by increasing the quality and tonnage of the resource. This updated resource will be incorporated into a mineral reserve estimate in the feasibility study currently underway with Met-Chem.
“This announcement comes on the heels of our historic announcement of the signing of a 10- year off-take agreement with a Chinese industrial conglomerate, just as China announced it was shutting down approximately 20% of its flake graphite production in Shandong Province. This further illustrates the need for reliable, low cost, high quality graphite flake production outside of China,” Mr. Baxter said.
“Again, Focus is showing that it has strong potential to meet these growing needs, and the updated resource indicates the Lac Knife project could potentially produce high quality graphite flake over a significant mine life, he added”
The updated mineral resource is based on 197 diamond drill holes totaling 18,320 metres of historic and recent drilling. This includes 104 surface diamond drill holes totaling 10,337 metres completed by Focus Graphite since 2010.
Mineral Resources have been reported within a constraining pit shell at a cut-off grade of 3.0% graphitic carbon (“Cg”). Details on the mineral resource estimation procedures are given in the notes below.

Notes on Mineral Resource Estimation Methodology

  • Mineral resources are estimated in conformance with the CIM Mineral Resource definitions referred to in NI 43-101 Standards of Disclosure for Mineral Projects. Pierre Desautels, P.Geo. Principal Resource Geologist of AGP Mining Consultants Inc. Qualified Person under NI 43-101 who is an independent of the Company, has prepared and authorized the release of the mineral resource estimates presented herein. Jeffrey Cassoff, Eng. Lead Mining Engineer of Met-Chem Canada Inc. and Qualified Person under NI 43-101 has reviewed the technical content of this News Release. This mineral resource estimate is an update of the resource estimated by Roche Limited Consulting Group effective December 5th, 2011 and later accepted (with a resource classification update) by RPA Consulting as part of a Preliminary Economic Assessment study dated October 30th, 2012.
  • All drill holes are composed of diamond drill core that was sampled and assayed over the entire length of mineralized zones by sampling approximately 1.5 meter intervals. A QA/QC program was introduced during the 2010 drill program and was expanded during the 2012 and 2013 drill program to include the insertion of standards, duplicates, and blanks and check assays at a secondary laboratory.
  • Specific gravities were determined at the IOS laboratory, located in Chicoutimi Quebec. A total of 5,133 specific gravity results exist in the database that was collected by IOS since the 2010 drill program. Due to the strong correlation between sulphur and the bulk density estimates, a density model was interpolated with the same parameters used for the sulphur model. The interpolated density model ranges from 2.64 g/cm3 to 3.05 g/cm3 averaging 2.81 g/cm3
  • Detailed geological logging and sectional interpretations by Focus Graphite led to the development of a three-dimensional (3D) domain model based on lithology and grade boundaries. The wireframe modelling resulted in outlining three major mineralized zones with eight minor accessory zones. Grade is typically above 3% within the wireframes but was as low as 1% in local lower grade zones within high grade domains that were utilized in the variography studies, and in the grade interpolation constraints.
  • For the treatment of outliers, each statistical domain was evaluated separately and no top cut was necessary. However, a search restriction of 30 x 30 x 30 meters was imposed on threshold values of 38% Cg in order to restrict the influence of the highest values during the interpolation process.
  • The composite intervals selected were 3.0 metres in length.
  • A 3D geological block model was generated using GEMS© software. The block model matrix size is 6 x 6 x 5 metres. Ordinary kriging was used for all domains with inverse distance and nearest neighbour check models. The interpolation was carried out in multiple passes with increasing search ellipsoid dimensions. Classification for all models was based primarily on the pass number, distance to the closest composite and the krige variance. The Measured classification was only retained in the area, in proximity to, the bulk sample pits. No adjustment to the classification was made for blocks interpolated primarily with historical holes since these were found to be adequate for resource modelling.
  • The reported mineral resources are considered to have reasonable prospects of economic extraction. Met-Chem created a pit shell using the Lerchs-Grossman pit optimization algorithm and design parameters including costs, sales price, and the open pit mine, and concentrator operating parameters that were derived from theUpdated Preliminary Economic Assessment (see News Release dated November 7th, 2013) as well as typical regional cost estimates;

    • Selling Price: 2,000 $/t (FOB Sept-Iles);
    • Mill Recovery: 91.089%;
    • Concentrate Grade: 96.6% Ct;
    • Pit Slope: 45 degrees;
    • Mining Cost: 6 $/t mined;
    • Processing Cost: 40.61 $/t milled;
    • Transportation Cost: 25 $/t of concentrate;
    • Administration and Infrastructure Cost: 15 $/t milled.
  • The resulting pit shell encompasses most of the estimated Measured, Indicated and Inferred Resources. The rounding of tonnes as required by NI 43-101 reporting guidelines may result in apparent differences between tonnes, grade and contained graphite.
  • Mineral resources are not mineral reserves and 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 estimation 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 the Indicated or Measured mineral resource categories.

Lac Knife Project

The Lac Knife project comprises 57 map-designated claims covering 2,986.31 ha located in Esmanville Township (NTS map sheet 23B/11), 27 km south-southwest of the iron-mining town of Fermont, in the Côte-Nord administrative district of Québec. Focus acquired a 100% interest in the project in October 2010. A map showing the location of the Lac Knife project is available on the company’s website at www.focusgraphite.com.
The mineralization at Lac Knife is hosted in biotite-quartz-feldspar paragneiss and schist of the Nault Formation, in association with iron formations of the Wabush Formation. These are equivalent to the lower Proterozoic Labrador Trough rocks affected by the late Proterozoic Grenvillian orogeny. High grade metamorphism and folding associated with the Grenvillian orogeny has resulted in the formation of important concentrations of graphite dominated by value-enhanced large flakes.

Sampling, Assaying and QA/QC

The entire drill cores were logged at the Lac Knife camp and shipped to the IOS facilities in Chicoutimi for sample preparation. Two slabs of about 1/4 of the 4 inch diameter PQ core were sawed parallel on each side of the central axis of the core. One of the slabs was earmarked for geochemical analysis while the other slab was kept as a witness sample. Center parts of the core are kept for possible subsequent uses. The samples are mostly 1.5 m in length with variances from 0.5 m to 1.8 m). Slab samples were dried before processing for density measurement, crushing and grinding at the IOS sample preparation laboratory.
Once prepared, the samples were sent to the Consortium de Recherche Appliquée en Traitement et Transformation des Substances Minérales (“COREM”), an ISO/IEC 17025:2005 certified facility in Québec-City, for graphitic carbon (Cg) analysis using LECO high frequency combustion method with infrared measurement (internal analytical code LSA-M-B10 for graphitic carbon; ISO 9686:2004). For the measurement of graphitic carbon, the sample is pre-treated with nitric acid, placed in a LECO capsule and introduced in the furnace (1,380oC) in an oxygen atmosphere. Carbon is oxidized to CO2. After the removal of moisture, gas (CO2) is measured by an infrared detector and a computerized system calculates the concentration of graphitic carbon (% Cg). Total sulphur was also analyzed by LECO (code LSA-M-B41) (Table 1). For sulphur determinations, the sample is placed in a LECO capsule and introduced in the furnace (1,380oC) until sulphur is oxidized to SO2. After the removal of moisture, gas (SO2) is measured by an infrared detector and a computerized system calculates the concentration of total sulphur (% S).
Under the QA/QC program, about 10% of the samples were analyzed by COREM for total (code LSA-M-B45), organic (code LSA-M-B58), inorganic (code LSA-M-B11) and graphitic (code LSA-M-B10) carbon as well as for total sulphur. Duplicates of these samples were also sent to ACTLABS Laboratories in Ancaster, Ontario (ISO/IEC 17025:2005 with CAN-P-1579) for graphitic carbon (code 5D – C Graphitic) and total sulphur (code 4F – S Combustion infrared detection) determinations and for 35 multi-element analysis using ICP methods (code 1E2 – Aqua Regia). IOS introduced standards, duplicates (sawing, crushing or grinding duplicates) and blank samples into each batch of core samples as part of the QA/QC program.

Qualified Persons

Benoit Lafrance, Ph.D., geo (Québec), Focus Vice-President of Exploration and Don Baxter, P. Eng., Focus President & Chief Operating Officer, both Qualified Persons as defined by NI 43-101 guidelines, have reviewed and approved the technical content of this news release. Pierre Desautels, P.Geo. Principal Resource Geologist of AGP Mining Consultants Inc. Qualified Person under NI 43-101 who is independent of the Company, has prepared and authorized the release of the mineral resource estimates presented herein. Jeffrey Cassoff, Eng., Lead Mining Engineer of Met-Chem Canada Inc. and Qualified Person under NI 43-101 guidelines has reviewed the technical content of the News Release.

About Focus Graphite

Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. Focus is the owner of the Lac Knife graphite deposit located in the Côte-Nord region of northeastern Québec. The Lac Knife project hosts a NI 43-101 compliant Measured and Indicated Mineral Resource Estimate* of 9.6 million tons grading 14.77% graphitic carbon (Cg) as crystalline graphite with an additional Inferred Mineral Resource Estimate* of 3.1 million tons grading 13.25% Cg of crystalline graphite. Focus’ goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. On November 7, 2013 the Company released the results of an updated Preliminary Economic Assessment (“PEA”) of the Lac Knife Project which indicated that the project has very good potential to become a graphite producer. As a technology- oriented enterprise with a view to building long-term, sustainable shareholder value, Focus also invests in the development of graphene applications and patents through Grafoid Inc.

Forward Looking Statement

This News 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 News Release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.
Contact:
Mr. Don Baxter, P.Eng
President and Chief Operating Officer
705-789-9706
dbaxter@focusgraphite.com
www.focusgraphite.com

Thursday, December 5, 2013

Mason Graphite reports 658% increase in measured and indicated mineral resources to 50 million tonnes, including 6.7 million tonnes grading 32.4% Cg15

(ED Note: Trading halt lifted on this stock)

    --  EXCELLENT PEA RESULTS MAINTAINED: FIRST 22 YEARS OF PRODUCTION
        AT 27.4% Cg AND LOW OPERATING EXPENSES AT $390/TONNE
    --  CONFERENCE CALL WILL BE HELD TODAY AT 2PM EST



Mason Graphite Inc. ("Mason Graphite" or the "Company") (TSX.V: LLG; OTCQX: MGPHF) is pleased to announce significant resource growth in an updated mineral resource estimate for its 100%-owned Lac Guéret graphite project in northeastern Quebec. 
 
Highlights from the updated mineral resource estimate

    --  Measured & Indicated ("M&I") mineral resources increased 658%
        from 7.6 million tonnes ("Mt") to 50 Mt
    --  Inferred mineral resources increased from 2.8 Mt to 11.9 Mt
    --  Overall M&I grade of 15.6% Cg; the main parameters of the
        preliminary economic assessment for the Lac Guéret project (the
        "PEA") are still valid: 22 years of production at 27.4% with a
        low stripping ratio at 0.76:1 and low operating costs at
        $390/tonne
    --  Enlarged mineral resource could lead to optimized pit design
        and improved economics



Large increase in Mineral Resources
The new mineral resource estimate, as calculated by Roche Ltd. Consulting Group ("Roche''), includes assay data from 170 holes (approximately 26,500 metres) drilled in the GC Zone and now totals 50,024,000 tonnes grading 15.6% Cg, including 6,672,000 tonnes grading 32.4% Cg, in the Measured and Indicated categories and 11,861,000 tonnes grading 17.1% Cg, including 2,637,000 tonnes grading 30.5% Cg, in the Inferred category (See Table 1 below). The enlarged mineral resource envelope offers opportunities to further optimize the mine plan and the project's economics as set out in the PEA in the next phase of technical studies. 

"We are very pleased to see the success of our 2012 drilling program materialize in this updated mineral resource estimate", commented Benoît Gascon, President and CEO of Mason Graphite. "We expect the scale of growth of our project to positively impact what is already expected to be an economical project. Results from the Lac Guéret Project continue to reinforce our belief in the world-class potential of this asset."
Table 1 - December 5, 2013 - Updated Mineral Resource Estimate, GC Zone
 ________________________________________________________
|Categories   |            Unit    |    Tonnes|Grade (Cg)|
|_____________|____________________|__________|__________|
|                                                        |
|________________________________________________________|
|             |U1/U2 (5 to 25 % Cg)| 4,052,000|     13.4%|
|             |                    |          |          |
|Measured (M) |U3 (> 25 % Cg)      |   465,000|     33.8%|
|             |____________________|__________|__________|
|             |All units           | 4,517,000|     15.5%|
|_____________|____________________|__________|__________|
|             |U1/U2 (5 to 25 % Cg)|39,300,000|     13.0%|
|             |                    |          |          |
|Indicated (I)|U3 (> 25 % Cg)      | 6,207,000|     32.3%|
|             |____________________|__________|__________|
|             |All units           |45,507,000|     15.6%|
|_____________|____________________|__________|__________|
|             |U1/U2 (5 to 25 % Cg)|43,352,000|     13.0%|
|             |                    |          |          |
|M + I        |U3 (> 25 % Cg)      | 6,672,000|     32.4%|
|             |____________________|__________|__________|
|             |All units           |50,024,000|     15.6%|
|_____________|____________________|__________|__________|
|                                                        |
|________________________________________________________|
|             |U1/U2 (5 to 25 % Cg)| 9,224,000|     13.3%|
|             |                    |          |          |
|Inferred     |U3 (> 25 % Cg)      | 2,637,000|     30.5%|
|             |____________________|__________|__________|
|             |All units           |11,861,000|     17.1%|
|_____________|____________________|__________|__________|



Note:   A cut-off grade of 5% Cg was used for this mineral resource
        estimate.

        See additional notes on mineral resource estimation methodology
        at the end of this news release.




Excellent PEA Results Maintained
On April 22, 2013, Mason Graphite reported positive results in the PEA for the Lac Guéret project, which included 22 years of production at 27.4% Cg considering a strip ratio of 0.76:1 and operating costs of $390 per tonne. This technical study used data from the previous July 2012 mineral resource estimate, which covers only a small portion of the updated mineral resource area (see Figure 1).
The block model that was created for the mineral resource update was provided to Met-Chem Canada Inc. ("Met-Chem''), the firm responsible for the completion of the PEA. Met-Chem was able to verify and confirm that conclusions of the PEA are still relevant and valid for the updated model.
The Company expects the scale and grade of the new mineral resource to positively affect the project economics in the next phase of technical studies.
An updated NI 43-101 technical report outlining the procedures for estimation of the mineral resource estimate presented herein will be filed on SEDAR within 45 days of the date of this press release.
Future Mineral Growth Potential
The new mineral resource estimate is based on drill data from the GC Zone, which represents only one of two mineralized zones identified on the Lac Guéret property to date.
GC Zone A total of 170 holes totalling approximately 26,500 metres have been drilled in this area. The GC Zone has a strike length of approximately 1.2 kilometres and the new mineral resource estimate has almost doubled the width of the deposit to about 600 metres. The mineral envelope remains open in all directions and the company expects further growth with additional drilling.
GR Zone To date, only 18 holes totalling approximately 2,300 metres have been drilled in this zone, which is located less than one kilometre north of the GC Zone. The GR Zone is currently defined on an area spanning about 1 kilometre by 110 metres.
Mineral Resource Estimation Methodology
The Mineral Resource estimation for the GC Zone is based on geological observations and geochemical data modelization involving the following rock subdivisions: Unit 1 is defined by a content of 5-10 % Cg; Unit 2 by 10-25 % Cg; and Unit 3 by 25 % Cg or more. Waste has less than 5 % Cg. Units 1 and 2, appearing similar in texture, have been regrouped during the interpretation. Unit 2 now ranges from 5 to 25 % Cg.
The GC Zone database includes 4 channels sampled trenches (approximately 900 meters) in addition to 170 NQ size diamond core holes drilled prior to December 15(th), 2012 (approximately 26,500 meters) for a total of 18,182 samples.
Resources were classified as Measured, Indicated or Inferred based on information spacing and the confidence to the geological continuity of mineralization in accordance to the CIM guidelines. Only material located within a pit shell generated from an optimized mining scenario run under Whittle software is included in this mineral resources estimate. This scenario is assuming an overall pit slope of 45°, an operating cost of $69.00 US per tonne milled (including mining and milling costs), a 100 % mining recovery, no mining dilution and a conservative selling price of $1,525 US/tonne of concentrate at 93.7 % Cg.
Drill holes cross sections and plan views were interpreted to construct three-dimensional wireframe models using the geochemical analyses and geological descriptive logs with a nominal cut-off of 5% Cg under GEMS software. No capping value was applied to the assays. Assay intervals were composited to 3 meter lengths from the raw Cgr assay values and grades were estimated using ordinary Kriging. Search ellipsoids were defined in a plane that parallels the average bedding trend characterized by an azimuth of 50(o )and a plunge of 40(o). Anisotropy was interpreted in semi variogram and set to 60 meters along the x axis, 40 meters along the y and 50 meters along the z axis. The block model was defined by block size of 3 meters long by 3 meters wide by 3 meters thick, rotated 40 degrees counter clockwise in alignment to the main geological trend over a total of 425 columns, 265 rows and 110 level and covers a strike length of 960 meters to a maximal depth of 253 meters below the highest surface point. The final mineral resources which are located inside the optimised pit reach 205 meters below surface (maximum depth of optimised pit). From unit types, the following densities were assigned to the blocks: U1-U2 (5-25% Cg)= 2.94 g/cm3, U3 (>25% Cg)= 2.88 g/cm3, Waste (0-5% Cg)= 2.92 g/cm3.
The zone remains open in length and at depth.
Conference Call Details
A conference call will be hosted today, December 5, 2013, at 2:00 pm EST, by the senior management of the Company to discuss the new mineral resource estimate.
The dial-in numbers are:
+1 416 340 2216 (Toronto and International) +1 866 223 7781 (North American Toll Free)
There will be a replay of this call, which will last until end of day December 12, 2013. The replay call in numbers are 905-694-9451 (Toronto and International), or 800-408-3053 (North American Toll Free). The conference ID number 2808861 will serve as the password for the replay.
Quality Control and Assurance
Analyses for this drilling campaign were carried out by AGAT Laboratories Ltd. in Mississauga, Ontario, a company independent from Mason Graphite, exercising a thorough Quality Control and Assurance program (QA/QC) with Mason Graphite personnel inserting one blank, two standards and one duplicate every 100 samples. AGAT Laboratories are accredited ISO/IEC 17025 by the Standards Council of Canada (SCC). Carbon as graphite ("Cg") assays reported in this press release were obtained by using the LECO analytical technique ASTM E1915-07A with a detection limit of 0.01% Cg. Drill holes were sampled over an average of 1.5 meter intervals.
Control analyses were performed by Consortium de Recherche Appliquée en Traitement et Transformation des Substances Minérales (''COREM'') of Quebec City.
Qualified Persons
The resource estimate was prepared by Roche, a company independent from Mason Graphite. Edwards Lyons, P.Geo. from Tekhne Research, and Martin Perron from Roche, are independent Qualified Persons as defined by National Instrument 43-101. Mr. Lyons and Mr. Perron have reviewed and approved the technical information pertaining to the mineral resource estimate in this news release.
Mary-Jean Buchanan, Eng. M.Env., of Met-Chem Canada Inc., an independent Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information pertaining to the PEA in this news release.
Yves Caron, P. Geo., M.Sc., Director of the Geology and Exploration for Mason Graphite, and Jean L'Heureux, Eng., Mason Graphite's Executive Vice-President of Process Development, both Qualified Persons as defined by National Instrument 43-101, have reviewed and approved the scientific and technical content of this press release.
About Mason Graphite
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 at 17.1% Cg, including 2,637,000 tonnes at 30.5% Cg, in the Inferred category. Excellent potential exists for further mineral growth. A Preliminary Economic Assessment study was completed on a historic 7.6Mt mineral resource 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 issued by the Company on June 6, 2013). 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.
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; * 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.
SOURCE Mason Graphite Inc.
Image with caption: "Figure 1 - GC Zone, Lac Guéret Project. (CNW Group/Mason Graphite Inc.)". Image available at: http://photos.newswire.ca/images/download/20131205_C7936_PHOTO_EN_34529.jpg
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/December2013/05/c7936.html
SOURCE: Mason Graphite Inc.
For more information about Mason Graphite, visitwww.masongraphite.com or contact:
Investor Relations info@masongraphite.com   Simon Marcotte, Vice-President Corporate
Development +1 (416) 861-5822   Benoît 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

Monday, May 27, 2013

Focus Graphite reports High-Grade Graphite Mineralization at the Lac Guinecourt Property, Quebec:

Focus Graphite Inc.Focus Graphite Inc.

TSX VENTURE : FMS
OTCQX : FCSMF
FRANKFURT : FKC

May 22, 2013 08:19 ET

 Best Grab Sample Assays Ranging From 6.36% to 45.90% Graphitic Carbon



OTTAWA, ONTARIO--(Marketwired - May 22, 2013) - Focus Graphite Inc. ("Focus" or the "Company") (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) is pleased to report the final assay results from the summer 2012 reconnaissance exploration program at its 100%-owned Lac Guinécourt graphite property (the "Property") located in the South Manicouagan Reservoir area of northeastern Québec,17 km to the South of Mason Graphite's Lac Guéret graphite deposit.

A total of 32 grab samples were collected from historical and new graphite-bearing outcrops related to the Graphi-Centre showing area. Twenty-one (21) of the samples returned high-grade graphitic carbon (Cgr*) assays ranging from 6.36% to a high of 45.90% Cgr (high-grade assays are defined as greater than 5% Cgr; Table 1). The historical Graphi-Centre showing was formerly part of the Lac Guéret-Sud property of SOQUEM Inc.-Quinto Technology Inc. Numerous graphite-bearing outcrops showing potential for significant lateral continuity and width are recorded within the 2 km by 3 km area hosting the showing.
Gary Economo, President and CEO of Focus Graphite, stated: "Our preliminary exploration results at the Lac Guinécourt property indicate potential for significant economic-grade graphite mineralization. The high-grade graphite grades recorded at Lac Guinécourt together with the excellent results on our near-by Lac Tétépisca project place Focus in a very good position to discover the next economic-grade graphite deposit after Lac Guéret. The Lac Guinécourt mineralization grades compare favorably to those of our Lac Knife deposit. We will be planning a comprehensive follow-up exploration program for Lac Guinecourt in 2013 in order to confirm the full extension and thickness of the graphitic mineralization following the defined linear HLEM anomalies."
Table 1. Summary of best grab sample graphitic carbon (Cgr) assays (> 5.00% Cgr) and related sulfur assays from the 2012 Graphi-Centre showing area reconnaissance survey.
# Sample Cgr % S %
232415 45.90 0.32
232382 43.00 >10.00
232381 39.20 >10.00
232390 34.70 9.74
232386 31.90 >10.00
232384 30.30 7.00
232388 27.60 3.33
232403 27.50 8.55
232407 27.50 >10.00
232375 27.40 0.09
232413 27.30 >10.00
232391 26.50 2.12
232385 21.40 >10.00
232398 21.10 1.59
232387 13.80 0.99
232402 12.80 4.70
232393 11.45 6.87
232414 9.19 0.52
232408 7.65 3.12
232392 6.96 4.67
232412 6.36 >10.00
* All rock sample carbon analyses performed by ALS Laboratory Group in this survey (ALS code C-IR06) are delivered as organic carbon (Corg) assays but are expressed here as graphitic carbon (Cgr) based on the assumption that all carbon contained in the highly metamorphosed rocks is held within graphite with no carbon as organic matter.   

Following to the initial reconnaissance, the Graphi-Centre showing area was the subject of a 37.8 line-km horizontal loop electromagnetic ("HLEM") ground geophysical survey conducted by G.L. Géoservices Inc. of Rouyn-Noranda, Québec. The interpreted HLEM conductors (submitted by Géophysique Camille St-Hilaire of Rouyn-Noranda) suggest the presence of km-scale graphite-bearing structures within the survey area. They will also help to assess the width of the mineralization found in the Graphi-Centre showing area.

Lac Guinecourt graphite property
The Lac Guinécourt graphite property consists of seventy-four (74) map-designated mining claims covering a total of 4012.31 ha and is held 100% by Focus. The Property is located 20 km southwest from the Manicouagan Reservoir, about 220 km north from the city of Baie-Comeau in the Côte-Nord administrative region, of Québec. The property is easily accessible year-round through a network of main logging roads starting from Highway 389. The portion of the Property surveyed in 2012 holds the historical Graphi-Centre graphite showing discovered by SOQUEM Inc. and Quinto Technology Inc. (now Cliffs Natural Resources) in 2002 while exploring the geological corridor hosting the Lac Guéret deposit which is located 17 km north. The Lac Guéret deposit held by Mason Graphite Inc. (Mason) hosts a National Instrument (NI) 43-101 compliant Measured and Indicated mineral resource of 7.6 Mt grading 20.40% Cgr (Source: Roche, 2012: Technical Report on the Lac Guéret Graphite Project; available at www.sedar.com) which formed the basis of a recent positive Preliminary Economic Assessment study (see Mason press release dated April 22, 2013 available at www.sedar.com).

Geological settings and mineralization
The Lac Guinécourt property is located in the Grenville geological Province. The Property is underlain by sedimentary rocks of the Nault Formation which were metamorphosed to quartz-feldspar-biotite schists and paragneisses. Metamorphism associated with the Grenvillian orogeny has resulted in the formation of economic grade concentrations of graphite dominated by value-enhanced large flakes. Fine to coarse graphite flakes and associated sulphides make up 10-40% of the rocks with up to 40% in strongly mineralized zones. In the area of sampling, up to 21 samples containing more than 5% Cgr are enclosed in a regionally interpreted 2 by 3 km fold structure. Samples were analyzed for organic carbon, sulfur and traces elements.
Maps showing the location of the Lac Guinécourt project as well as the Graphi-Centre showing area are available on the Company's website at www.focusgraphite.com.

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

About Focus Graphite
Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. Focus is the owner of the Lac Knife graphite deposit located in the Côte-Nord region of northeastern Québec. The Lac Knife project hosts a NI 43-101 compliant Measured and Indicated mineral resource of 4.972 Mt grading 15.7% carbon as crystalline graphite with an additional Inferred mineral resource of 3.000 Mt grading 15.6% crystalline graphite. Focus' goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. On October 29th, 2012 the Company released the results of a Preliminary Economic Analysis ("PEA") of the Lac Knife project which demonstrates that the project has an excellent potential to become a producer of graphite. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus invests in the development of graphene applications and patents through Grafoid Inc.
The technical information presented in this press release has been reviewed by Benoit Lafrance, Ph.D., géo (Québec), Focus Vice President of Exploration and a Qualified Person under NI 43-101.
Forward Looking Statements - Disclaimer
This news release may contain forward looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com Focus Graphite disclaims any intention or obligation to revise or update such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information


Focus Graphite Inc.
Mr. Gary Economo
President and Chief Executive Officer
613-691-1091, ext. 101
geconomo@focusgraphite.com
www.focusgraphite.com