Focus Graphite Announces Successful 2013 Infill Drilling Program at
the Lac Knife Graphite Project
67.8 m Grading 21.10% Cgr in Hole LK-13-187
OTTAWA, ONTARIO--(Marketwired - Dec 4, 2013) - Focus Graphite
Inc. (TSX-VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) ("Focus" or the
"Company") is pleased to report very positive results of the summer
2013 infill drilling program on the Company's 100%-owned Lac Knife
graphite Property (the "Property"), located in the Grenville
Geological Province of northeastern Québec. Twenty-four (24) large
diameter (PQ-sized) core holes totaling 2,081 m were drilled with
the objective of upgrading the current Inferred and Indicated
mineral resource to the Measured and Indicated mineral resources
categories. The drilling data is currently being uploaded to the
resource model in order to update the resource estimate.
Hole LK-13-187 drilled on Line 500 S targeted the western zone
of the south part of the deposit and returned one of the best
graphitic carbon (Cgr) intersections of the program:
Hole LK-13-187:
67.8 m grading 21.10 % Cgr (from 17.4 to 85.2 m)
All the drill holes (except LK-13-203) intercepted significant
graphite intersections* along the strike length of the deposit as
evidenced by the following holes from different parts of the
deposit:
Hole LK-13-209
drilled on section 425 S in central part of the deposit: 7.2 m
grading 27.03% Cgr (from 21.5 to 28.7 m) and 25.3 m grading 30.94 %
Cgr (from 38.2 to 63.5 m)
Hole LK-13-201
drilled on section 250 S in northern part of the deposit: 34.7 m
grading 19.34% Cgr (from 22.0 to 56.7 m)
* Significant intercepts are defined as Cgr >5% over a
minimum of 6 m; maximum internal dilution of 6 m; maximum external
dilution of 0 m.
All 36 significant intercepts are summarized in Table 1.
Location map of the drill holes is available on the Company's
website at www.focusgraphite.com.
Focus Graphite President and COO Don Baxter stated: "All
infill drilling is now complete at Lac Knife. The results improve
our current understanding of the limits and geometry of the
resource and enable the interpretation of the geological model.
Work on an upgrade of our mineral resource estimate to the Measured
and Indicated categories is now underway. It will be used in the
mineral reserve calculations and detailed mine design that form
part of the Feasibility Study recently awarded to Met-Chem,
Québec.
"As the infill drilling areas overlap the areas that the
representative sample was taken for the recent Pilot Plant, this
indicates that the flake concentrate produced within the infill
area should be of the same high quality that was produced by the
Pilot Plant," Mr. Baxter said. The pilot Plant demonstrated
that the Lac Knife deposit yields a potentially economic
distribution of large, medium and fine sized graphite flake at an
average grade of 96.6% Ct (total carbon). All flake above 200 mesh
is showing 98% Ct (see Focus Graphite press release dated August
21st 2013).
Table 1: Summary of significant graphitic carbon drill
core intersections (Cgr >5% and minimum intersection of 6 m)
from the 2013 infill drilling program at the Lac Knife
property. |
Hole |
Azimuth |
Dip |
Total Length (m) |
From (m) |
To (m) |
Core Length** (m) |
Cgr*** (%) |
S (%) |
LK-13-179 |
N074 |
-45 |
150 |
16.6 |
47.0 |
30.4 |
14.96 |
4.99 |
|
|
|
|
58.2 |
75.4 |
17.2 |
20.02 |
4.51 |
|
|
|
|
119.6 |
145.3 |
25.8 |
19.18 |
8.04 |
LK-13-182 |
N081 |
-51 |
111 |
15.1 |
52.0 |
36.9 |
16.10 |
5.10 |
|
|
|
|
59.5 |
82.6 |
23.1 |
21.25 |
4.01 |
LK-13-185 |
N072 |
-45 |
150 |
9.4 |
58.0 |
48.6 |
19.76 |
5.00 |
|
|
|
|
89.6 |
114.0 |
24.4 |
17.36 |
3.90 |
LK-13-186 |
N080 |
-45 |
114 |
12.9 |
30.8 |
17.9 |
7.60 |
3.32 |
|
|
|
|
61.2 |
111.5 |
50.4 |
12.19 |
4.20 |
LK-13-187 |
N075 |
-47 |
90 |
17.4 |
85.2 |
67.8 |
21.10 |
5.99 |
LK-13-190 |
N085 |
-46 |
90 |
11.5 |
75.9 |
64.4 |
13.36 |
5.33 |
LK-13-191 |
N078 |
-45 |
111 |
13.4 |
36.5 |
23.1 |
19.37 |
6.20 |
|
|
|
|
55.8 |
96.5 |
40.7 |
16.73 |
8.33 |
LK-13-193 |
N081 |
-45 |
141 |
42.1 |
53.0 |
10.9 |
10.04 |
7.03 |
|
|
|
|
97.0 |
129.3 |
32.3 |
14.88 |
8.31 |
LK-13-194 |
N086 |
-45 |
43.5 |
23.8 |
38.2 |
14.4 |
17.18 |
8.29 |
LK-13-195 |
N084 |
-45 |
55.5 |
18.0 |
30.8 |
12.8 |
15.62 |
5.82 |
LK-13-196 |
N071 |
-45 |
111 |
63.8 |
85.8 |
22.0 |
7.03 |
3.16 |
LK-13-197 |
N076 |
-45 |
81 |
5.9 |
12.1 |
6.2 |
20.47 |
3.64 |
|
|
|
|
22.7 |
29.2 |
6.5 |
18.88 |
9.70 |
|
|
|
|
47.7 |
57.0 |
9.3 |
10.32 |
5.64 |
LK-13-198 |
N080 |
-48 |
51 |
5.5 |
27.6 |
22.1 |
16.85 |
8.38 |
LK-13-199 |
N080 |
-48 |
30 |
6.3 |
17.8 |
11.6 |
7.08 |
3.69 |
LK-13-200 |
N084 |
-45 |
51 |
13.0 |
21.1 |
8.2 |
17.41 |
7.88 |
LK-13-201 |
N080 |
-45 |
70.5 |
22.0 |
56.7 |
34.7 |
19.34 |
7.33 |
LK-13-202 |
N080 |
-45 |
91 |
53.5 |
87.4 |
34.0 |
17.02 |
8.82 |
LK-13-207 |
N075 |
-45 |
48 |
19.8 |
41.8 |
22.0 |
21.31 |
9.52 |
LK-13-208 |
N078 |
-45 |
40.5 |
13.8 |
36.1 |
22.3 |
21.87 |
8.84 |
LK-13-209 |
N073 |
-55 |
130.5 |
21.5 |
28.7 |
7.2 |
27.03 |
4.31 |
|
|
|
|
38.2 |
63.5 |
25.3 |
30.94 |
5.65 |
LK-13-210 |
N076 |
-45 |
99 |
9.0 |
44.5 |
35.5 |
13.78 |
5.41 |
|
|
|
|
70.7 |
95.8 |
25.1 |
22.77 |
7.28 |
LK-13-211 |
N074 |
-45 |
70.5 |
10.3 |
31.8 |
21.5 |
16.63 |
3.34 |
|
|
|
|
38.4 |
56.9 |
18.5 |
19.66 |
8.51 |
LK-13-214 |
N088 |
-50 |
120 |
34.7 |
55.7 |
21.0 |
24.53 |
7.10 |
|
|
|
|
68.3 |
103.4 |
35.1 |
18.11 |
9.25 |
** Significant Cgr intersections are expressed as core
length because the host rocks are highly metamorphosed and locally
migmatized and folded. However the drill holes cross-cuts the
mineralization envelope interpreted from the historical data and
Focus' drill holes at a high angle. |
|
*** All core sample carbon analyses performed by COREM and
delivered as graphitic carbon (Cgr), internal analytical code
LSA-M-B10, LECO high frequency combustion method with infrared
measurement. |
The mineralization at Lac Knife is hosted in
biotite-quartz-feldspar paragneiss and schist of the Nault
Formation, in association with iron formations of the Wabush
Formation. These are equivalent to the lower Proterozoic Labrador
Trough rocks affected by the late Proterozoic Grenvillian orogeny.
High grade metamorphism and folding associated with the Grenvillian
orogeny has resulted in the formation of important concentrations
of graphite dominated by value-enhanced large flakes.
The Lac Knife property comprises 57 map-designated claims
covering 2,986.31 ha located in Esmanville Township (NTS map sheet
23B/11), 27 km south-southwest of the iron-mining town of Fermont,
in the Côte-Nord administrative district of Québec. Focus acquired
a 100% interest in the property in October 2010. A map showing the
location of the Lac Knife property is available on the company's
website at www.focusgraphite.com.
2013 Infill Drilling Program
The summer 2013 infill drilling program at Lac Knife comprised
24 large diameter (PQ-sized, 4-inch) core holes for a total of
2,081m. Sixteen (16) holes were completed in different parts of the
deposit, mostly in central and northeast parts, to complete the
25m-space coverage of drilling while eight (8) holes are twin holes
of historical holes. The drilling program was designed to provide
sufficient additional data and control on mineralisation to be
useful to complete a new resource estimate. A contract has been
awarded to AGP Mining Consultants of Barrie, Ontario to complete
work on a new resource estimate. That work is currently
underway.
The 2013 drilling campaign was managed by IOS Services
Geoscientifiques ("IOS") of Chicoutimi, Québec. The infill drilling
program started on July 6st and ended on August 10th 2013. The
drilling was performed by Forage Rouillier of Amos, Québec under
the supervision of IOS.
Methodology and QA/QC
The entire drill cores were logged at the Lac Knife camp and
shipped to the IOS facilities in Chicoutimi for sample preparation.
Two slabs of about 1/4 of the 4 inch diameter PQ core were sawed
parallel on each side of the central axis of the core. One of the
slabs was earmarked for geochemical analysis while the other slab
was kept as a witness sample. Center parts of the core are kept for
possible subsequent uses. A total of 897 sub-sample slabs of the PQ
drill core (mostly 1.5 m in length with variances from 0.5 m to 1.8
m) were collected from 23 holes. Slab samples were dried before
processing for density measurement, crushing and grinding at the
IOS sample preparation laboratory.
Once prepared, the samples were sent to the Consortium de
Recherche Appliquée en Traitement et Transformation des Substances
Minérales ("COREM"), an ISO/IEC 17025:2005 certified facility in
Québec-City, for graphitic carbon (Cgr) analysis using LECO high
frequency combustion method with infrared measurement (internal
analytical code LSA-M-B10 for graphitic carbon; ISO 9686:2004). For
the measurement of graphitic carbon, the sample is pre-treated with
nitric acid, placed in a LECO capsule and introduced in the furnace
(1,380ºC) in an oxygen atmosphere. Carbon is oxidized to CO2. After
the removal of moisture, gas (CO2) is measured by an infrared
detector and a computerized system calculates the concentration of
graphitic carbon (% Cgr). Total sulphur was also analyzed by LECO
(code LSA-M-B41) (Table 1). For sulphur determinations, the sample
is placed in a LECO capsule and introduced in the furnace (1,380ºC)
until sulphur is oxidized to SO2. After the removal of moisture,
gas (SO2) is measured by an infrared detector and a computerized
system calculates the concentration of total sulphur (% S).
Under the QA/QC program, about 10% of the samples were analyzed
by COREM for total (code LSA-M-B45), organic (code LSA-M-B58),
inorganic (code LSA-M-B11) and graphitic (code LSA-M-B10) carbon as
well as for total sulphur (a total of 85 core samples). Duplicates
of the same 85 samples were also sent to ACTLABS Laboratories of
Ancaster, Ontario (ISO/IEC 17025:2005 with CAN-P-1579) for
graphitic carbon (code 5D - C Graphitic) and total sulphur (code 4F
- S Combustion infrared detection) determinations and for 35
multi-element analysis using ICP methods (code 1E2 - Aqua Regia).
IOS introduced 85 standards, 40 duplicates (sawing, crushing or
grinding duplicates) and 83 blank samples into the batch of core
sample as part of the QA/QC program.
2013 Exploration Drilling Program
For the summer 2013, an initial exploration drilling program was
conducted outside of the deposit limits at the same time and
immediately after the infill program on the Lac Knife property. A
total of sixteen (16) core holes for a total of 2,208 m were
completed from August 10th to 25th. A second drilling program was
conducted on October 8th to 25th that included eight (8) holes for
a total of 1,013 m. Both programs were designed to test geophysical
anomalies identified during last fall's ground magnetic and
horizontal loop electromagnetic (HLEM) survey done by G.L.
Géoservice Inc. and interpreted by Geophysique Camille St-Hilaire
Inc., both located in Rouyn-Noranda. The two exploration drilling
campaigns were also managed by IOS Services Geoscientifiques
("IOS") of Chicoutimi, Québec and drilled by Forage Rouillier of
Amos, Québec under the supervision of IOS. Most drill holes
intercepted graphitic horizons. Results of assays are pending.
In parallel to the exploration and infill drilling, the company
commissioned geotechnical drilling to gather data across the
proposed building sites on the property. Geotechnical and
hydrogeological data will be used to increase the accuracy of mine
and infrastructure design.
About Focus Graphite
Focus Graphite Inc. is an emerging mid-tier junior mining
development company, a technology solutions supplier and a business
innovator. Focus is the owner of the Lac Knife graphite deposit
located in the Côte-Nord region of northeastern Québec. The Lac
Knife project hosts a NI 43-101 compliant Indicated Mineral
Resource Estimate* of 4.9 million tons grading 15.8% graphitic
carbon (Cgr) as crystalline graphite with an additional Inferred
Mineral Resource Estimate* of 3.0 million tons grading 15.6% Cgr of
crystalline graphite. Focus' goal is to assume an industry
leadership position by becoming a low-cost producer of
technology-grade graphite. On October 29th, 2012 the Company
released the results of a Preliminary Economic Assessment ("PEA")
of the Lac Knife Project which indicated that the project has a
very good potential to become a graphite producer. As a
technology-oriented enterprise with a view to building long-term,
sustainable shareholder value, Focus also invests in the
development of graphene applications and patents through Grafoid
Inc.
*Mineral resources are not mineral reserves and do not have
demonstrated economic viability
The technical information presented in this news release has
been reviewed by Benoit Lafrance, Ph.D., géo (Québec), Focus
Vice-President of Exploration and a Qualified Person under National
Instrument (NI) 43-101 guidelines.
Forward Looking Statement
This presentation contains "forward-looking information" within
the meaning of Canadian securities legislation. All information
contained herein that is not clearly historical in nature may
constitute forward-looking information. Generally, such
forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to: (i)
volatile stock price; (ii) the general global markets and economic
conditions; (iii) the possibility of write-downs and impairments;
(iv) the risk associated with exploration, development and
operations of mineral deposits; (v) the risk associated with
establishing title to mineral properties and assets; (vi)the risks
associated with entering into joint ventures; (vii) fluctuations in
commodity prices; (viii) the risks associated with uninsurable
risks arising during the course of exploration, development and
production; (ix) competition faced by the resulting issuer in
securing experienced personnel and financing; (x) access to
adequate infrastructure to support mining, processing, development
and exploration activities; (xi) the risks associated with changes
in the mining regulatory regime governing the resulting issuer;
(xii) the risks associated with the various environmental
regulations the resulting issuer is subject to; (xiii) risks
related to regulatory and permitting delays; (xiv) risks related to
potential conflicts of interest; (xv) the reliance on key
personnel; (xvi) liquidity risks; (xvii) the risk of potential
dilution through the issue of common shares; (xviii) the Company
does not anticipate declaring dividends in the near term; (xix) the
risk of litigation; and (xx) risk management. Forward-looking
information is based on assumptions management believes to be
reasonable at the time such statements are made, including but not
limited to, continued exploration activities, no material adverse
change in metal prices, exploration and development plans
proceeding in accordance with plans and such plans achieving their
stated expected outcomes, receipt of required regulatory approvals,
and such other assumptions and factors as set out herein. Although
the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
the forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended.
There can be no assurance that such forward-looking information
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such
forward-looking information. Such forward-looking information has
been provided for the purpose of assisting investors in
understanding the Company's business, operations and exploration
plans and may not be appropriate for other purposes. Accordingly,
readers should not place undue reliance on forward-looking
information. Forward-looking information is made as of the date of
this press release, and the Company does not undertake to update
such forward-looking information except in accordance with
applicable securities laws.
Focus Graphite Inc.Mr. Don Baxter, P.EngPresident and Chief
Operating
Officer705-789-9706dbaxter@focusgraphite.comwww.focusgraphite.com
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