A magnetic-electromagnetic helicopter-borne geophysical survey has delineated six targets.

The planned fieldwork program includes ground geophysics survey in the form of the PhiSpy ground TDEM system. It will allow the company to accelerate exploration for prospective graphite mineralization.

The PhiSpy ground TDEM system is said allow defining geometry of near surface conductors up to a depth of 15m.

The system will also allow filling gap between deep penetration airborne TDEM systems and very small size EM devices such as the Beep Mat.

Proposed work includes continued delineation of exploration targets, stripping, trenching, drilling, sampling and assaying of identified mineralized zones, and regional delineation of new exploration targets over 5,000km².

The 5,788ha Lac Guéret east and south graphite properties have similar geological environment to Mason Graphite`s Lac Guéret property, which has measured and indicated mineral resources of 65.7 million tons grading 17.2% Cg.