Canadian Platinum Strikes what could be the One of the Largest Graphitic Resources in the World

51C328DB-1560-95DA-439BECE40954C3B7Canadian Platinum Corp. ("Canadian Platinum or CPC", TSX.V: CPC) has published the assay results from the graphite resource at its Peter Lake Project (the "Project"). The area had been originally explored for the presence of SEDEX type zinc deposits by Husky Oil and others during the 1970’s and 1980’s.

In the process of studying the copper and nickel potential at the property, Although the project continues to pursue its original copper and nickel targets; it has serendipitously encountered a massive 25 km. long graphitic argillite zone, which adds considerable potential to CPC’s prospects for the 500,000 acre site.  A 2009 airborne survey identified two regional conductors that extend for 25 km within the Campbell River Group. Drill hole results have so far shown intersections of 142 m of graphitic argillite. A historical drill hole from the area came across 300 meters of graphitic argillite.  Analysis of the graphite content of this hole has been assayed at 10.2% carbon. CPC will now perform liberation tests to determine the best way to release the graphitic carbon from the rock as well as inductively coupled plasma (ICP) tests to detect the full extent of graphite mineralization in the samples.

Several international entities have identified graphite as a strategic resource, including the US State Department, the EU Commission and the British Geological Survey; it is destined to become even more critical as electronic and battery technology advance and make electric vehicles more viable and popular. While, there has been growing interest in graphite mining in North America and other parts of the world (outside of China), North America is still highly dependent on graphite imports from China, which is a risky prospect, given the resource nationalism being practice by the People’s Republic.

Clearly, given its confirmed 25 km graphitic strike zone, the property is larger than Northern Graphite’s Bissett Creek or Energizer Resources’ property in Madagascar; indeed, it could be one of the largest, if not the largest, graphite deposits in existence. The project is still in its inception stage; however, its sheer size alone is enough to send a very cool breeze in China’s direction, as it has the potential to generate enough natural and high grade graphite to significantly reduce dependence on Chinese graphite sources – at which point the cool breeze becomes an arctic wind.

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  1. What an amazing find! Canada becoming one of the largest Graphite producers can be instrumental and have a great impact with its future application and properties development. Rather than relying on import from China and by all means, I have no negative regard for China, but if dependancy can be reduced this means ‘we’ will be able to refine, apply, distribute, and commercialise Graphite/Graphene and study it further for a wide-range of usage.

  2. Great article! I echo the sediments of Guy that if our dependency can be reduced from China, as a nation, our position in the field could yield extremely positive, as the utilization of Graphite becomes increasingly apparent in the near future.

  3. Not much drilling, some promising – or not? – prospectivity, but that is sufficient to talk about “… the Largest Graphitic Resources in the World” Why not in the Southern Arm of the Galaxy? Why such wild claim? Is it too difficult to get the facts right? Or is it a nice announcement to “move” the share price? So much hypo doesn’t really help investors and I suspect, neither does much good to the company.

  4. Good Morning Mr. Inanna. Your point is well taken if a little unwarranted. When a miner presents initial claims and results from initial finds, there is always much use of conditional tenses such as ‘could’, would’ and ‘should’. I am here to present possibilities and filter through the many to discuss the few interesting ones. CPC is an interesting one becasue of the historical record at the site and especially because of the people behind the project. Mr. Todd Montgomery is the CEO of CPC; He’s not a newcomer; rather he has been behind some of the most important mineral exploration projects from potash to oil sands in Saskatchewan and Alberta. Therefre, while I admit, we are still in the ‘could’ and ‘should’ territory, given the people behind this project, I ‘would’ pay attention and follow up on it, because it has strong potential.

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