Standard Graphite Corp. (TSXV:SGH) has discovered a new graphite zone on the eastern portion of its Mousseau East Graphite project during a ground follow-up of the TDEM anomalies defined during the property-scale airborne geophysical survey.
As quoted in the press release:
The ground crews successfully located graphite horizons in areas adjacent to the anomalies and an important discovery was made while traversing along a conductive axis on the southern flank of a hill close to Oat Lake. A graphite outcrop (19.6% Cg) was found within the characteristic rusty weathered schists and bears all similarities with the richer surface occurrences found in the main zone.
The company is immediately moving forward with applications for the necessary permits required to evaluate this discovery. An application has been made with the MRNF to strip and drill the new graphite outcrops and work will begin immediately upon receiving the necessary authorizations. The objective is to ascertain whether this mineralization forms the direct continuity of the main zone or whether it is an entirely different horizon.
Standard Graphite President and CEO Chris Bogart said:
This recent discovery could significantly impact the project and therefore Standard has decided to quickly focus its attention on the eastern side of the project. Additional drilling has been planned to better evaluate the implication of this new zone.