Saturday 23rd August 2014

Resource Clips


Down to earth flakes

Graphite news from Standard in Quebec, Anglo Swiss in B.C. and Alabama in, well, Alabama

by Greg Klein

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Graphite news from Standard in Quebec, Anglo Swiss in B.C. and Alabama

New and emerging technologies call for graphite, as do
traditional applications such as steel manufacture and pencil “lead.”

With something like 13 properties in its portfolio, Standard Graphite TSXV:SGH might have been excused for a lack of focus. But last April’s acquisition of the Mousseau East Deposit gave the company a clear goal—to confirm an historic, non-43-101 resource of 800,000 tonnes grading 8% carbon and try to expand the mineralization. To that end, Standard released its Phase II expansion assays on January 10.

The widely-spaced holes follow a conductor for about 500 metres southwest of the historic zone. Highlights include:

  • 6.96% graphitic carbon over 10.6 metres
  • 5.77% over 8 metres
  • 5.67% over 6.9 metres
  • 2.01% over 16.1 metres
  • 2.4% over 11.7 metres
  • 2.41% over 10 metres
  • 4.3% over 5.4 metres
  • 4.49% over 3.3 metres
  • 1.65% over 5.1 metres
  • 1.48% over 4.4 metres
  • 1.94% over 3.1 metres
  • 1.55% over 3.3 metres.

True widths weren’t available. The top-most intercept began at 18 metres from surface, with the deepest stopping at a down-hole depth of 127 metres.

This expansion drilling follows up on Phase I work intended to confirm the historic assays. Twelve holes were duplicated, representing about 20% of the originals. Results were released November 21, with highlights including:

  • 7.5% Cg over 52.9 metres
  • (including 12.9% over 22.9 metres)
  • (including 4.65% over 20.6 metres)
  • 10.6% over 24.6 metres
  • 8.3% over 29.9 metres
  • 9.72% over 18.9 metres
  • 11.62% over 15.3 metres
  • 11.16% over 15.5 metres.

True widths weren’t available. Intercepts stared at two metres’ down-hole depth, with the deepest stopping at 105 metres.

The best interval, 7.5% over 52.9 metres, was found between the main zone and a southwest extension, thereby confirming continuity, the company said. In a statement accompanying the January 10 assays, Standard president/CEO Chris Bogart commented, “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.”

Planning is now underway for the next phase of drilling. A resource estimate could be released as early as Q1 this year.

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