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Orocan Resource Corp. (TSXV:OR) announced it has signed an option agreement to acquire a 100% interest in nine graphite properties in Quebec, Canada.
As quoted in the press release:
There are three major graphite districts in Quebec; Wakefield, North Shore and New Quebec with notable deposits such as Lac des Iles (Timcal) and Lac Knife (Focus Metals). These nine properties are all located within these districts and centered on the metasedimentary belts of the Grenville Province. These are known marble/gneiss lithologies considered essential to host graphite deposit and having been metamorphosed to sufficiently high grade to produce the larger graphite flakes.
For a map of Orocan’s property portfolio please click the following link: https://www.orocanresources.com/i/pdf/Quebec_Properties_Location.pdf.
Orocan Resource Corp. President & CEO, Chris Bogart, said:
“We are extremely pleased to have strategically consolidated one of the most important graphite portfolios within Quebec. Mr. Fournier, President of QGC, has been active in graphite exploration in Quebec since 1987. His foresight to secure these properties has now provided our shareholders investment exposure in what we believe is the next important critical metal within the resource sector. These Quebec assets, coupled with our recently acquired Ontario properties, positions Orocan to be the premier pure-play graphite exploration company in North America.”
Click here to read the Orocan Resource Corp. (TSXV:OR) press release
