Saint Jean Carbon Finalizes Proposed Exploration Program on Quebec Lump Graphite Properties

Saint Jean Carbon Inc. (TSXV:SJL) finalized its planned development and exploration program on its three Quebec lump graphite properties known as The Walker, Wallingford, and St. Jovite. An initial budget of approximately $520,000 has been established, and work is expected to commence in Q4 2013.

As quoted in the press release:

As outlined in the press release issued on October 10, 2013, the Company has completed a wide ranging series of flotation and purification tests on Walker graphite samples and has confirmed its suitability for primary upgrading to levels in excess of 95%C. Given these encouraging results, approximately $350,000 of the $500,000 total budget is proposed for the Walker property. The proposed program includes an expansion of the earlier “beep map” surveys
carried out by the Company, followed by a preliminary historical NI 43-101 technical report. The Saint Jean geological team expects to then carry out a series of trenching programs, and a more comprehensive EM (electromagnetic survey). Data obtained would be used to develop a matrix of drill targets that are included in the budget for this new work program. Subsequent testing and assay forms the final part of the program and the work is planned to be carried out at Activation Laboratories Inc. (Actlabs) in Ancaster, Ontario.

The programs established for Wallingford and St. Jovite (post closing) follow the same series of steps as Walker with the exception that they do not include a preliminary drill program at this point. The work planned on these two properties is expected to permit the Company to carry out similar flotation and upgrading work to assess the commercial viability of the graphite deposits. The work programs are scheduled to run in parallel to the Walker program and use approximately $150,000 of the total planned budget for Q4. Once these efforts have been completed the Company expects to complete NI 43-101 technical reports on both Wallingford and St. Jovite and proceed with a similar drill program for both. The drill results on all three properties and expanded NI 43-101 technical reports expected to be completed following, are intended to be used to prepare pre and/or full feasibility studies as part of the effort to bring the properties into production as soon as possible. Members of the Company’s senior management team are planning to be onsite in December to meet with the geological team and oversee the implementation of the work program.

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