Cavan Ventures Inc. (TSXV:CVN) announced the exposure of graphite-rich zones as a result of trenching on its wholly owned Buckingham graphite property, located next to the historic Walker graphite mine in Quebec. Channel samples were collected from two trenches over a combined distance of 59.5 meters, and graphite-rich zones were exposed in six trenches.
As quoted in the press release:
A total of six trenches ranging from four to 48 meters in length and two meters in width were completed. Trench 22C was cut for 24 meters in a northwest direction, with a second perpendicular trench cut at its southeast end for 20.5 meters. Graphite-rich zones were exposed in both directions, and channel samples were collected over most of both trench lengths for a total of 33.9 meters. Mineralization at Trench 22C is still open to the north, with some visible flakes in the trench up to one centimeter in diameter. A rock grab sample assayed previously from this location returned 21.7% C (see news release, July 8, 2013). Trench #1 was cut in a west-northwest direction, with visible graphite channel-sampled over 25.6 meters. Because of the rich nature of the mineralization, these samples and those from Trench 22C were immediately shipped for assay.
Cavan CEO Peter Swistak said:
We are extremely pleased that many of our airborne EM anomalies identified last year are now confirmed as graphite mineralization. Our ground geophysics was able to confirm the anomalies in real-time, which allowed us to quickly expose the mineralization and collect samples for assay. We anticipate highly positive results and intend to return for further exploration in the coming weeks.
Investing in graphite? Eagle Graphite Incorporated (TSXV:EGA) owns one of only two natural flake graphite production facilities in North America. Eagle Graphite recently achieved 99.995% purity from flake graphite produced from the processing plant of the Black Crystal project in BC.
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