Valterra Resource Corp. (TSXV:VQA) announced that new high-grade samples from its Bobcaygeon graphite project, located in Ontario, continue to expand and develop targeting at two prospects.
As quoted in the press release:
Sampling and mapping at the Salerno Zone returned values of up to 24.5% Cg over 1.0 metres in graphite-rich horizons within gneissic marbles near the contact with gneissic clastic metasedimentary rocks. The new assay results confirm both earlier sampling in the area and extend mineralization to the north and northeast.
Mapping at the Crystal zone has identified visible graphite throughout a +120 meter wide corridor within a gneissic clastic metasediment and a gneissic marble; where the contacts are bounded by major fault zones. Surface chip sampling has identified wide intervals of +1% Cg throughout the zone including 2.9% Cg over 7.0 metres and 2.5% Cg over 4.0 metres, with additional anomalous graphite values identified in sampling approximately 250 metres to the south and several hundred metres to the northeast of the current sampling. Visually the zone appears to continue on all sides. Trenching and further surface reconnaissance is warranted to upgrade this zone for drill targeting.
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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