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The Mousseau East flake-graphite deposit is about 12 kilometres from a highway and 50 kilometres from Timcal Graphite & Carbon’s Lac-des-Îles, one of North America’s two operating flake-graphite mines.
Standard’s stock hit a bit of turbulence on January 10, however. The shares opened on $0.245, one cent above the previous close, then reached $0.255 before falling to $0.215. Standard closed the day at $0.23.
Also on January 10, CNSX-listed Alabama Graphite released assays from its Coosa Graphite Project in the heart of Dixie. The results show:
- 2.39% Cg over 64.05 metres
- (including 2.57% over 24.4 metres)
- (including 2.91% over 22.87 metres)
- 2.32% over 64.05 metres
- (including 2.73% over 16.47 metres)
- (including 2.64% over 10.67 metres)
- (including 2.61% over 21.65 metres)
- 2.23% over 61 metres
- (including 2.36% over 18.3 metres)
- (including 2.63% over 27.45 metres)
- 2.02% over 45.75 metres
- (including 2.66% over 10.67 metres)
- (including 2.52% over 13.72 metres)
- 2.18% over 51.85 metres.
True widths weren’t available. The interval nearest surface began at 11 metres in down-hole depth while the deepest stopped at 79 metres. These intercepts come from beneath an oxidization zone. Intercepts within the oxidization zone were obtained through sonic drilling and will be released later, the company stated. More assays should follow to the end of February, prior to work on a resource estimate.
Alabama opened January 10 on the CNSX at $0.50 and closed on $0.53.
In other January 10 graphite news, Anglo Swiss Resources TSXV:ASW said an airborne electromagnetic survey found four new conductors up to 2.4 kilometres long on the Blu Starr graphite property in southeastern British Columbia.
According to Anglo Swiss CEO Jari Paakki, “Several promising exploration targets are now outlined, none of which have been drill-tested and most have not even been prospected, with the exception of surface grab sampling at [the Tedesco showings]. We are planning an extensive prospecting and mapping program, and a first-phase drill program for 2013.”
The Blu Starr property adjoins Eagle Graphite’s mine, the smaller of North America’s two producing flake-graphite operations.
Anglo Swiss opened January 10 at $0.02 and closed a penny higher.
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