April 2, 2012 (Source: MarketWatch) — Fortune Graphite Inc. (frankfurt:ZTWN) is seeking a joint venture partnership to complete a full exploration and drilling program on the Superior Group of graphite carbon mineral claims.
Fortune Graphite Inc. acquired the Superior Group of graphite carbon mineral claims for 1.5 million dollars (CDN) in 2011 and is the legal and registered owner of a total of approximately 5,720 hectares containing graphite carbon. The graphite property is located in the Slocan Mining Division of British Columbia, Canada.
Over one million dollars (CDN) has been spent from 1998 to 2005 on exploration, sampling, testing, and drilling on the Superior Group of graphite carbon mineral claims.
The engineers, geologists, assayers and consultants who have been on the property and/or worked on the analysis of samples from the property, feel the graphitic inferred reserves have impressive potential and will in all likelihood prove to be a world class deposit in both size and quality.
In February this year, Fortune Graphite Inc. completed and submitted to the BCSC a Technical Report on the Superior – Koch – Amar Property; written in accordance to the Canadian National Instrument 43-101, by Mr. Stephen B. Butrenchuk, P. Geol., P. Geo.
Stephen B. Butrenchuk, P. Geol., P. Geo. is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.
About Fortune Graphite Inc.
Fortune Graphite is a British Columbia Canada company that identifies and brings to market valuable mining properties bearing Graphite Carbon, Gold, Silver & other precious metals.
Fortune Graphite Inc.
Mr. David Amar, President & CEO
260 Queen's Quay West #3104, Toronto, ON M5J-2N3 Canada
416-367-8240 or Toll Free: 1-866-209-0451
Certain statements above constitute forward-looking statements with respect to Fortune Graphite Inc. and affiliated companies. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the companies to be materially different from any further results, performance or achievements expressed or implied by such forward-looking statements.