Saint Jean Carbon plans to sign a definitive binding agreement shortly with respect to the Clot property.
Saint Jean Carbon CEO Paul Ogilvie said that the company is seeking all steps needed to develop properties into operating mines.
"The Clot property is on crown land and falls within the same geological and regional areas as our Walker, Wallingford and St. Jovite lump graphite properties and we are very pleased to have the opportunity to add these new claims to our inventory of holdings which will complete our lump acquisitions," Ogilvie added.
Located in southern Québec, 10km north-west of Mont-Tremblant and approximately 150km north-west of Montreal, The Clot property comprises five established claims and 3 claims under request for a total area of more than 297.4h.
The company’s geologist son Isabelle Robillard said that the geological context is favorable to identify additional lump veins.
"The Clot property offers a great opportunity to find high grade graphite, in a relatively unexplored area located in the vicinity of the historical Clot Mine," Robillard added.
