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Showing posts with label Lac Geuret East Graphite Property. Show all posts
Showing posts with label Lac Geuret East Graphite Property. Show all posts

Friday, December 5, 2014

Focus Graphite takes another big step towards production at Lac Knife

Focus Graphite Inc.Focus Graphite Inc.

TSX VENTURE : FMS
OTCQX : FCSMF
FRANKFURT : FKC

Focus Graphite Files Environmental and Social Impact Assessment for the Lac Knife Graphite Project



OTTAWA, ONTARIO--(Marketwired - Dec. 1, 2014) - Focus Graphite Inc. (TSX VENTURE:FMS) (OTCQX:FCSMF) (FRANKFURT:FKC) ("Focus" or the "Company") is pleased to announce the completion and filing of an Environmental and Social Impact Assessment ("ESIA") for the Lac Knife Project located in northeastern Québec. Golder Associates completed the study and the report. This significant milestone is one of several initiatives underway that are contributing to the ongoing process of de-risking Lac Knife's Project development.

A Feasibility Study that demonstrates the technical and economical viability of the Lac Knife project was filed on August 8th, 2014. Since then, the general site layout of the Feasibility Study was further optimized between July and October. This optimized site layout is included in the ESIA report and is being used to consult with communities including the Uashat mak Mani-Utenam ("ITUM") First Nation and community stakeholders in Fermont with respect to their sustainable development interests. The mine site layout and design will be refined further during the upcoming detailed engineering phase of the project.

The ESIA is the main document used to communicate and discuss details of the project to all concerned regulators and community stakeholders regarding the project's impact, risk mitigation, and potential benefits. The Lac Knife ESIA was filed with Québec's provincial authorities at the Ministère du Développement Durable, de l'Environnement et de la Lutte contre les Changements Climatiques ("MDDELCC").

The Company is working in collaboration with MDDELCC regarding the various permits required for developing the Lac Knife Project and this process will continue towards the objective of obtaining the final Decree from the government of Québec.

Don Baxter, President and Chief Operating Officer of Focus Graphite said: "We are very pleased to announce this significant milestone that furthers our sustainable development initiatives by integrating both social and environmental aspects of the Lac Knife project. This report is the result of several years of fieldwork and consultation with stakeholder communities in the area, and is an ongoing initiative. The Project team that we have assembled continues to deliver important milestones that continue to advance and de-risk the project. It is worth noting that this relatively low cost flake graphite mining project also has a very small carbon footprint compared to other graphite projects outside Quebec due to Hydro Québec's hydroelectric power that is a key economic and environmental variable for the project."
 
Worthy of mention is that the Lac Knife battery ready graphite project is a relatively small-scale mining operation with a relatively small footprint in a well-established mining district.
Following the Company's news release on May 27th titled "Independent Test: Focus Graphite Succeeds in Producing Extremely High-Performing Coated Spherical Graphite For Lithium Ion Batteries", a Preliminary Economic Assessment of this second transformation into spherical graphite is planned. This study regarding value added products is not within the scope of the current Lac Knife project but it is now an integral part of the process for obtaining a mining lease. The Lac Knife concentrate would be further processed in a separate commercial scale production facility to manufacture spherical graphite.

Therefore, participation in this project offers the potential added value of this second transformation to spherical graphite used in Li-ion batteries that will help to enable the electrification of transportation and other green technologies as well as creating more jobs in the secondary transformation sector. These are key interests with respect to the Plan Nord in Québec. Both the mine site and the spherical graphite production plant would be powered by Hydro Québec's low cost and low carbon footprint sustainable energy sources.
Neither the capital expenditures or operational costs nor the potentially higher margins associated with the second transformation of graphite concentrate into spherical graphite products are included in Lac Knife's current project economics.
The positive Feasibility Study for the Lac Knife Project covers a 25 year mine life 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. The project has the potential to become a low cost high quality battery ready graphite producer with an internal rate of return of 30.1% before-tax (24.1 after-tax) based on an average value of $1,713 per tonne of high carbon content concentrate (base case). The payback period is estimated at 3 years. 

Qualified Person
The technical information in this news release was prepared, reviewed and approved by Mr. Don Baxter, P. Eng., Focus President & Chief Operating Officer, a Qualified Person as defined by NI 43-101 guidelines.

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 Measured and Indicated Mineral Resource Estimate* of 9.6 million tonnes (432,000 tonnes Measured and 9,144,000 tonnes Indicated) 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 Information
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 Company 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 Company; (xii) the risks associated with the various environmental regulations the Company 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; and (xvii) the risk of potential dilution through the issue of common shares.
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

Wednesday, July 30, 2014

Mason Graphite Reports High Grade Intercepts in North-East Extension of Lac Gueret

One Hole Intersected 98m at 29.8% Cg Near Surface, Including 56m at 36.2% Cg

MONTREAL, QUEBEC--(Marketwired - July 29, 2014) -
Mason Graphite Inc. ("Mason Graphite" or the "Company") (TSX VENTURE:LLG)(OTCQX:MGPHF) is pleased to report positive assay results from the 2013-2014 drilling program at its Lac Gueret project in northeastern Quebec. The drill program consisted of 97 holes totaling 15,108 metres and was designed to pursue three objectives:
to explore for mineral extensions to the North-East and beyond the
defined resource envelope of the GC Zone (18 holes totaling 2,085
metres);

to explore for mineral continuity within the defined resource envelope
of the GC Zone (68 holes totaling 11,323 metres); and

to conduct exploration drilling on graphite showings on the property
outside the areas where drilling was conducted in the past (11 holes
totaling 1,700 metres).

This press release reports assay results from drilling conducted in the North-East extension; the remaining drilling results from other areas noted above will be reported in upcoming communications.
Results Confirm Continuity of N-E Extension in GC Zone
Intercept highlights from the assay results in the North-East extension of the GC Zone, include:

Hole LG-459 intersected 73 metres at 28.5% Cg close to surface (9
metres), including 41 metres at 39.0% Cg;

Hole LG-469 intersected 86 metres at 27.8% Cg, including 31 metres at
42.3% Cg;

Hole LG-472 intersected 70 metres at 28.8% Cg close to surface (4
metres), including 25 metres at 42.0% Cg;

Hole LG-489 intersected 66 metres at 30.0% Cg close to surface (4
metres), including 46 metres at 38.3% Cg;

Hole LG-491 intersected 98 metres at 29.8% Cg close to surface (4
metres), including 56 metres at 36.2% Cg.

"We are very encouraged with the results from the North-East extension. This exploration target is located at the edge of the defined mineral resource, and adjacent to the pit design from the preliminary economic assessment we completed in April 2013. These results confirm mineralization near surface with excellent widths and mineral continuity beyond the current mineral resource boundary." said Benoit Gascon, President and CEO of Mason Graphite.
Table 1 - Most relevant drill results from the NE Extension (18 holes totaling approximately 2,085 metres)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Section         Drill hole #  From (m)    To (m)    Length(1)(m)        % Cg
----------------------------------------------------------------------------
----------------------------------------------------------------------------
1350                  LG-460         4        41              37        34.0
                            ------------------------------------------------
                       incl.         4        32              28        39.8
            ----------------------------------------------------------------
                      LG-468          No significant mineralization
            ----------------------------------------------------------------
                      LG-469        44       130              86        27.8
                            ------------------------------------------------
                       incl.        54        85              31        42.3
                            ------------------------------------------------
                       incl.       105       130              25        30.1
            ----------------------------------------------------------------
                      LG-488       108       124              16        14.3
                            ------------------------------------------------
                                   129       140              11        21.0
            ----------------------------------------------------------------
                      LG-489         4        70              66        30.0
                            ------------------------------------------------
                       incl.         6        52              46        38.3
                            ------------------------------------------------
                                    89       106              17        17.2
----------------------------------------------------------------------------
1400                  LG-459         9        82              73        28.5
                            ------------------------------------------------
                       incl.         9        50              41        39.0
            ----------------------------------------------------------------
                      LG-466        33       117              84        27.4
                            ------------------------------------------------
                       incl.        57        93              36        36.1
            ----------------------------------------------------------------
                      LG-473        56        77              21        13.8
            ----------------------------------------------------------------
                      LG-477         6        43              37         8.2
                            ------------------------------------------------
                                    49        96              47        20.2
                            ------------------------------------------------
                       incl.        69        90              21        31.7
            ----------------------------------------------------------------
                      LG-490       109       127              18        12.8
            ----------------------------------------------------------------
                      LG-491         4       102              98        29.8
                            ------------------------------------------------
                       incl.        11        67              56        36.2
----------------------------------------------------------------------------
1450                  LG-456        11        74              63        20.1
            ----------------------------------------------------------------
                      LG-472         4        74              70        28.8
                            ------------------------------------------------
                       incl.        27        72              45        38.9
                            ------------------------------------------------
                       incl.        27        52              25        42.0
            ----------------------------------------------------------------
                      LG-478         4        63              59        18.8
                            ------------------------------------------------
                       incl.         4        41              37        23.8
----------------------------------------------------------------------------
1500                  LG-462        48        55               7        16.7
            ----------------------------------------------------------------
                      LG-479          No significant mineralization
            ----------------------------------------------------------------
                      LG-492          No significant mineralization
            ----------------------------------------------------------------
                      LG-493         4        44              40        13.8
----------------------------------------------------------------------------
----------------------------------------------------------------------------

Notes:
1.  Lengths are measured drill intervals - the true thicknesses are not
    known at this stage;
2.  Length figures are rounded to nearest integer for clarity.

Figure 1 - Lac Gueret project map with drill hole locations is available at this address: http://media3.marketwire.com/docs/959898e_Fig1.pdf
Operational Update and Upcoming Milestones
Mason Graphite has retained the services of Roche Ltee for the calculation of an updated mineral resource estimate including the results from the 2013/2014 drilling program. The updated block model will be used as an input for the upcoming feasibility study for the Lac Gueret project.
Also, in preparation for the upcoming feasibility study, the Company has been working with the metallurgical laboratories, COREM (Quebec City) and URSTM (Rouyn-Noranda), as well as consulting firm Soutex Inc. (Quebec City) for the optimization of the concentration process. A mandate was also awarded to Montreal-based consulting firm Hatch, to conduct trade-off studies and peripheral studies (hydro-geological and geotechnical) required for the development of the feasibility study.
A 100-ton bulk sample was collected at the Lac Gueret property in early July for the upcoming pilot plant test program, which is scheduled to commence this fall in conjunction with the feasibility study.
About Mason Graphite
Mason Graphite is a Canadian mining company focused on the exploration and development of its 100% owned Lac Gueret graphite property, located in northeastern Quebec. 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 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 press release dated December 5, 2013). Excellent potential exists for further mineral growth. A Preliminary Economic Assessment study was completed on a 7.6Mt 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 "Technical Report on the Mineral Resources Estimation Update 2013, Lac Gueret Graphite Project, Quebec, Canada" issued on 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 Persons / Quality Control and Assurance
Yves Caron, P. Geo., Mason Graphite's Director of Exploration and Geology and a Qualified Person as defined by National Instrument 43-101, supervised the drill program and has reviewed and approved geological, scientific and technical content of this press release.
Jean L'Heureux, Eng., Mason Graphite's Executive Vice-President Process Development and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the metallurgical, scientific and technical content of this press release.
Analyses for this drilling campaign were carried out by AGAT Laboratories Ltd. in Mississauga, Ontario, a company independent from Mason Graphite and ISO 17025 certified. A thorough Quality Control and Assurance program (QA/QC) was exercised, with Mason Graphite inserting one blank, one standards and one duplicate every 50 samples. Carbon as graphite ("Cg") assays reported in this press release were obtained by using a LECO instrument following analytical technique ASTM E1915-07A with a detection limit of 0.01% Cg. Drill holes were sampled over an average of 1.5 metre intervals.
Stay Connected:

Twitter: @MasonGraphite

Facebook: /MasonGraphite

For more information about Mason Graphite, visit www.masongraphite.com.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations

info@masongraphite.com


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


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


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




Source: Mason Graphite Inc.

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.

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

Tuesday, January 7, 2014

Berkwood Resources acquires Graphite claims directly adjacent to Mason Graphite's Lac Geuret property

Berkwood Resources Ltd. g
the Lac Guéret East Graphite Property, Quebec

Berkwood Resources Ltd. (TSX.V:BKR) (“Berkwood” or “the Company”), is pleased to announce that it has acquired, from a local prospector, additional contiguous ground immediately to the west of its Lac Guéret East Graphite Property located in northeastern Quebec. The newly acquired claims will be added to the current 63 contiguous claim (3,204 ha) Lac Guéret East Graphite Property where during the fall 2012 exploration program the first Graphite bearing zone on the Property was discovered.


The newly acquired claims comprise 7 blocks, (378 ha total) located to the west, and are contiguous with the original Lac Guéret East Graphite Property, which will now directly border Mason Graphite`s Lac Gueret Property over 7 km on its eastern side (see maps below or click here).



Brian Buchanan, President and Director of Berkwood commented: “We are pleased to have enhanced our evolving graphite exploration property east of the significant Mason Graphite discoveries. This area of Quebec is known for high purity, large flake graphite and has been identified as an ideal geological setting for graphite exploration.”


Mason Graphite’s advanced Lac Guéret Property has a NI 43-101 compliant mineral resource estimate with measured & indicated mineral resources of 50 million tonnes grading 15.6% Cgr (including 6.6 million tonnes grading 32.4% Cgr). Berkwood’s Lac Guéret East Graphite Property shares a similar geological environment as Mason Graphite’s Lac Guéret Property including along strike stratigraphic units and structures.

Mason Graphite’s recently updated NI 43-101 mineral resource estimate includes assay data from 170 holes (approximately 26,500 metres) drilled in the GC Zone. Mason reports that the mineral envelope remains open in all directions and the company expects further expansion with additional drilling. The GC Zone lies approximately 1.5 km to the west of Berkwood’s Lac Guéret East Graphite Property boundary.