Saint Jean Carbon Starts Spring Work Program and NI 43-101 Technical Report on Clot
April 20, 2015 (Source: Marketwired) — Saint Jean Carbon Inc. (“Saint Jean” or the “Company”) (TSX VENTURE:SJL) is pleased to announce that it has started a spring work program on its Clot lump graphite property. Upon completion of the work the Company will also prepare a preliminary technical report that will outline future work programs. As announced in its January 14, 2014 press release, the Clot property is located in southern Québec, 10 kilometres north-west of Mont-Tremblant and approximately 150km north-west of Montreal. The property is made up of 5 established claims and 3 claims under request for a total area of more than 297.4 hectares. The claims are believed to host a geological contact between paragneiss and granite which is known to be conducive to also hosting natural graphite.
Saint Jean Carbon is also pleased to announce that they have hired Dr. Christian Derosier to oversee the Clot project and complete a future work requirement program. Dr. Derosier is a professional Canadian geologist with more than 40 years of mining experience working across a diverse range of minerals in projects in Africa, Canada, China, Europe, and the US. He has a Diploma in Physical, Chemical, and Natural Sciences (S.P.C.N.) from the University of Paris, France; as well as his M.Sc., Geology and D.Sc. Geology both also from the University of Paris. He has carried out dozens of worldwide assignments that have included economic impact studies; mineral resource evaluations; acted as QP during the completion of numerous technical reports; supervised drill programs; and advised multiple senior and junior mining companies during project feasibility studies. In reviewing the Clot property Christian Derosier commented: “The Clot property is in a historical past producing area. The property falls within the same geological and regional areas as Saint Jean’s Walker, Wallingford and St. Jovite graphite properties and this region has a long history of graphite mining. Accordingly we think it is an excellent place to continue Saint Jean’s development work.”
Paul Ogilvie CEO commented on the work program as well, “We are looking forward to getting on the Clot property in the next few weeks as conditions permit. The spring program will include a grab sampling program, trenching, and a shallow drill program. The number of drill holes will be finalized once we have the opportunity to begin working the property and complete an initial assessment of the most appropriate target areas. We will provide additional updates to our shareholders as the program moves forward and our pleased to be able to continue our efforts to add value to Saint Jean Carbon. As compared to other developments in graphite in the province of Quebec, we note that Clot is located on public land, which is a distinct advantage when it comes to future permitting and land usage issues.”
The Company’s geologist, Dr. Christian Derosier, P. Geo., is an Independent Qualified Person under National Instrument 43-101, and has approved the scientific and technical information in this news release.
About Saint Jean
Saint Jean is a publicly traded junior mining exploration company with a number of graphite mining claims on five 100% owned properties of the Company located in the province of Quebec in Canada. The five properties include the Walker property, a past producing mine, the Wallingford property, the St. Jovite property, East Miller and Clot Property. The Company also holds the Page graphite property in Ontario. The Company is led by a management team with in-depth experience in the graphite sector. For information on Saint Jean’s other properties and the latest news please go to the website: www.saintjeancarbon.com.
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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.
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Saint Jean’s business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “intends” “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” 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”. Such forward-looking statements include those with respect the Company’s ability to complete Acquisitions and Divestitures and become a graphite producing company.
These forward-looking statements are based on current expectations, and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially.
Although Saint Jean believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that these expectations will prove to be correct. There are risks which could affect Saint Jean’s future results and could cause the results to differ materially from those expressed in these forward-looking statements including negotiation failure or delay, the impact of general economic conditions in Canada and globally and the risk that they will deteriorate, industry conditions, including fluctuations in the price of supplies and the risk that they will increase, that required consents and approvals from regulatory authorities will not be obtained and the liabilities and risks inherent in Company’s operations.
Statements of past performance should not be construed as an indication of future performance. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors, including those discussed above, could cause actual results to differ materially from the results discussed in the forward-looking statements. Any such forward-looking statements are expressly qualified in their entirety by this cautionary statement.
All of the forward-looking statements made in this press release are qualified by these cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and Saint Jean assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>