Focus Graphite Inc. (TSXV:FMS) announced that it has discovered a new graphite bearing corridor at the company’s Lac Tétépisca project. The Company reported the latest results from the bedrock sampling program carried out at the property in Summer 2012.
As quoted in the press release:
A total of 26 mineralised grab samples define the new “Manicouagan-Ouest” graphitic corridor, 17 of which host graphitic carbon* (Cgr) grades in excess of 5.59% Cgr (range: 5.59% – 45.80% Cgr; Table 1). The remaining eight (8) grab samples which delineate the graphitic trend show Cgr grades below 5.00%.
Focus Graphite, President and CEO, Gary Economo, commented:
We are very excited about our Manicouagan-Ouest graphite discovery as the new interpreted graphite-bearing corridor compares favourably in terms of length, width and grades to our world class Lac Knife graphite deposit, currently under advanced mineral development. We will be planning a comprehensive follow-up exploration program for Lac Tétépisca in 2013 which will comprise of ground geophysical surveying, trenching and an initial round of core drilling in order to confirm the full extension and thickness of the graphitic corridor.
Click here to read the Focus Graphite Inc. (TSXV:FMS) press release
Click here to see the Focus Graphite Inc. (TSXV:FMS) profile
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1846.53 | +0.13 | |
| Silver | 21.75 | +0.03 | |
| Copper | 4.30 | +0.02 | |
| Palladium | 1968.65 | +11.53 | |
| Platinum | 957.67 | +3.19 | |
| Oil | 110.35 | -1.86 | |
| Heating Oil | 3.62 | -0.05 | |
| Natural Gas | 8.06 | -0.25 | |