The Conversation (0)
Focus Graphite Inc. (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) announced a 92% increase in the Measured and Indicated Mineral Resource categories at its Lac Knife Flake Graphite Project in northeastern Québec.
As quoted in the press release:
Highlights
- Measured and Indicated mineral resources reported at a cut-off of 3.0% Cg increased in tonnage by 92% to 9.6 million tonnes grading 14.77% Cg compared to the previous estimate of 4.9 million tonnes grading 15.76% Cg reported at a cut-off of 5.0% Cg.
- Upgraded 432,000 thousand tonnes of Indicated resources to the Measured resource category grading an average of 23.66% Cg using a 3% cut-off grade.
- The updated resource estimate increased the in-situ Graphite content by 81%.
- The bulk of the 3.0 million tonnes previously classified as Inferred resource was successfully upgraded to the Measured and Indicated categories.
- Delineation of an additional 3.1 million tonnes of Inferred resources that is located within the southwest extension of the Lac Knife deposit.
Click here to read the Focus Graphite Inc. (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) press release
Click here to see the Focus Graphite Inc. (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) profile.