Sunday 11th December 2016

Resource Clips


Carbon chronicles

Previous Page 1 | 2

Three days before that, Lomiko Metals TSXV:LMR released flake size distribution results for drill samples from its Quatre Milles East property, 175 kilometres northwest of Montreal. The company stated that 75.3% of the material was flake graphite over 200 mesh, with 38.36% in the over-80 mesh (large flake) category. As for carbon purity, 85.3% of test results exceeded the 94% level that’s considered high carbon content.

Moving from Quebec to north-central Ontario, on March 14 Zenyatta Ventures TSXV:ZEN announced a new drill campaign of at least 10,000 metres for its Albany vein-type graphite deposit. The company plans to release a maiden resource estimate this fall before moving straight to pre-feasibility.

Caribou King Resources TSXV:CKR announced on March 12 that it picked up options to earn 100% of two more southern Quebec graphite properties, one contiguous to Timcal Graphite & Carbon’s Lac-des-Îles operation and another adjoining the former Miller mine now held by Canada Carbon.

While Lac-des-Îles is the largest of North America’s two current flake graphite producers, southeastern British Columbia hosts the continent’s other producer, the privately owned Eagle mine. And it’s there in southeastern B.C. that Noram Ventures TSXV:NRM released a 43-101 technical report for its Jumbo and Kokanee properties on March 11. The study recommended additional drilling on Kokanee to establish a resource estimate, as well as an initial drill campaign for Jumbo.

Even some of graphite’s frontrunners continue with exploration. On March 7 Northern Graphite announced results from 61 holes and 3,425 metres of drilling at its Bissett Creek project in eastern Ontario. The campaign focused on upgrading the project’s inferred resources but also tested expansion targets. Even with its feasibility study released last July, the company now plans a new resource, revised mine plan and updated feas to appear this spring. Northern anticipates they’ll show “an increase in grade, a reduction in costs and a much longer mine life.”

Another frontrunner, Focus Graphite also continues with exploration. Results from 12 holes totalling 1,384 metres showed graphite mineralization up to 375 metres south of the company’s Lac Knife deposit in northeastern Quebec. A two-phase summer campaign will continue testing extensions of the deposit in addition to newly identified geophysical anomalies. In a statement accompanying the March 5 announcement, Focus president/CEO Gary Economo said, “The new drill results indicate a significant [extension of strike length] south of our main deposit as well as in the continuity and thickness of grade—those key elements required for building additional tonnage.”

Previous Page 1 | 2

Pages: 1 2


Comments are closed.

Share | rss feed

View All: Feature Articles