Standard Graphite Corp.: Exploration Drilling at Mousseau East Deposit Expands Main Graphite Zone Over 700m
January 10, 2013 (Source: Marketwire) — Standard Graphite Corp. (TSX VENTURE:SGH)(OTCQX:DARDF) (the “Company”) is pleased to report the results from the expansion drilling performed during the summer 2012 diamond drilling program on its Mousseau East Deposit. The expansion drilling aimed primarily at tracing the historical mineralization towards the southwest along a well-defined conductor.
The expansion drilling marked the second phase of the program completed following the validation drilling for which results were announced earlier (see press release 21 November 2012) and are highlighted below:
Validation drilling results include:
- M12-01: 52.9m of 7.5% Cg
Including 22.9m of 12.9% Cg
- M12-03: 18.9m of 9.7% Cg
- M12-04: 29.9m of 8.3% Cg
- M12-06: 24.6m of 10.6% Cg
- M12-07: 15.5m of 11.2% Cg
- M12-10: 15.3m of 11.6% Cg
M12-01 was implanted in a previously undrilled section directly south of the Main zone and confirmed that the mineralization extends beyond the historical resource. The expansion drill holes were emplaced towards the southwest from M12-01 along the trace of the EM conductor outlined by an airborne EM survey flown in the summer 2012. Drilling further confirmed the continuity of the graphitic horizon along the entire conductor. A series of widely spaced diamond drill holes successfully traced the extension of the graphite-bearing horizon to the western edge of the property for an approximate 500m of additional strike length. A compilation of composite assays from the core produced the following results.
Expansion Drilling Results
|Drill Hole||Depth||Intersection* (m)||Graphite Cg %|
|FROM (m)||TO (m)|
|* Measured intercept along core axis not necessarily representative of true width.|
The results obtained appear highly promising and will require additional drilling along the wider and richer intercepts to define some potential additional resources. The company is currently preparing this additional phase of diamond drilling.
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During the expansion phase of the program, some 10 widely spaced holes were drilled to cover a well-defined EM target. The expansion drilling was planned in consultation with MRB & Associates who was responsible for the supervision of the drilling operations, the logging and sampling of the core. Sampling including the addition standardized reference material and blanks according to a strict QA/QC protocol was carried out in their Val-d’Or facility and half split core samples were shipped to Act Labs of Ancaster, Ontario for graphitic carbon assaying.
Chris Bogart, President and CEO, explains: “Expansion drilling confirmed that there is still room for additional resources on Mousseau East. These results are also evidence that every conductor on the property will need to be systematically explored to fully characterize the potential of the project.” The Mousseau East Property was acquired by Standard Graphite in April of 2012 (see press release April 24, 2012) and is located some 40 kilometres northeast of the town of Mont-Laurier in northwestern Québec and within 50 kilometres of Timcal Canada Inc.’s producing Lac-des-Îles Graphite Mine, which is currently the larger of the two producing mines in North America.
Antoine Fournier, P.Geo., manages Standard’s exploration and development programs and is the Qualified Person as defined by National Instrument 43-101. He supervised the preparation of the technical information in this release.
About Standard Graphite
Standard Graphite Corp is focused exclusively on the exploration and development of a large portfolio of flake graphite properties in Canada. The company is rapidly positioning itself as North America’s premier pure-play graphite exploration company and it controls 100% interest in 13 highly prospective graphite properties within known graphite districts in both Quebec and Ontario. An aggressive 2012 exploration strategy has commenced and will be implemented by a geologic team with the pedigree of a previous world-class graphite discovery.
ON BEHALF OF THE BOARD
Chris Bogart, President & CEO
The foregoing information may contain forward-looking statements relating to the future performance of Standard Graphite Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Standard Graphite Corp.’s filings with the appropriate securities commissions.
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 release.
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