Galaxy Graphite Corp. Receives Drill Permit for Parent Graphite Property, Quebec
November 18, 2013 (Source: Marketwired) — Galaxy Graphite Corp. (TSX VENTURE:GXY) (the “Company” or “Galaxy”) is pleased to announce that it has received a permit from the Quebec Ministère des Ressources naturelles for a drill program on the Parent project. Drilling is expected to commence on November 25, and will consist of approximately 800 metres in four drill holes.
Parent Graphite Property, Quebec:
The Parent property is located approximately 20 km NW of the town of Parent, PQ and 300 km NNW of Montreal. It is located within eight km of an all-weather highway. CN Rail provides railway service to Parent. Geologically, the project is located within the Grenville Province, in a metasedimentary belt comprising mainly quartzites and quartz-biotite gneisses. A field program of line cutting, prospecting and sampling, along with ground geophysics, was recently completed. Results are pending.
Galaxy Graphite Corp (TSX VENTURE:GXY) is a publicly traded Canadian exploration company which is focused on exploring and developing graphite properties, especially in the Grenville geological province in eastern Canada. In addition, the company is exploring a highly prospective gold property in northeastern Saskatchewan, Brownell Lake.
Chris M. Healey, P.Geo, President and CEO of Galaxy, and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.
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ON BEHALF OF THE BOARD
Chris M. Healey, President and CEO
We seek safe harbor.
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