The transaction is subject to TSX approval.

The Company has completed an updated NI 43-101 technical report July 8th 2019 which describes historical exploration work on the property and will be filed on Sedar. The report notes:

  • that past exploration results intersected significant graphite mineralization in drill holes and trenches
  • preliminary metallurgical results returned very good results with recoveries up to 96%
  • The high percentage of large flake graphite is positive for a high quality, premium priced product.
  • infrastructure is excellent with road access and electrical power on site; and
    that the property is located contiguous to TIMCAL’s Lac des Iles graphite mine.

Strategic Location

The LAB Graphite Property lies contiguous to the south of TIMCAL’s Lac des Iles graphite mine in Quebec which has the production capacity of 25,000 tonnes of graphite annually. There are several graphite showings and past producing mines in its vicinity. Graphite is commonly found in the Grenville Province rocks throughout this region and has been commercially mined from a number of deposits located between Mount Laurier in the north to the Ottawa River in the south.

Cautionary Statement: Investors are cautioned that the above information has been taken from the following websites and  The information is not necessarily indicative of the mineralization on the Lac Aux Bouleaux Graphite property.

Graphite Mineralization

The Property is considered favourable for exploring large flake graphite mineralization which is commonly associated with paragneiss in regular banding which is conformable to the bedding. Graphite is also located in shear zones at the contact of gneisses and marble where the graphite content usually ranges from 2% to 13% graphitic carbon (Cg) and exhibits flakes up to 3 millimetres (mm) in diameter. Large flake graphite is generally considered as 0.2 mm and above.

Source: Company Press Release