Monday 24th October 2016

Resource Clips

Strike options Quebec Graphite Property from Zimtu for $50K, 1.5M shares, 2% NSR

Resource Clips - essential news on junior gold mining and junior silver miningStrike Graphite Corp TSXV:SRK and Zimtu Capital Corp TSXV: ZC announced Strike’s option to acquire a 100% interest in the Wagon Graphite Property in southwest Quebec. Under the agreement Strike will pay Zimtu and three prospecting partners $15,000 on signing, $15,000 and 500,000 common shares on TSXV acceptance of the agreement, $20,000 and 500,000 common shares six months following TSXV acceptance and 500,000 common shares 12 months following TSXV acceptance. Strike will spend $100,000 on exploration within 12 months of TSXV acceptance. The vendors will retain a 2% NSR.

The Wagon Property consists of three claim blocks totaling approximately 3,000 hectares located 15 kilometres east of Timcal Graphite & Carbon’s Lac-des-Iles Mine. The largest of Canada’s two graphite producers, Lac-des-Iles has been in production for over 20 years and produces graphite products of various sizes and purities. Historic Wagon Property outcrop samples have returned non-43-101 assays of 0.57% to 18.13% graphitic carbon.

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Strike Graphite Corp
Geoff Balderson

Zimtu Capital Corp
David Hodge

Read feature story on Strike Graphite Corp.

by Greg Klein

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