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Gold/Mining/Energy : The Graphite Blog -- Ignore unavailable to you. Want to Upgrade?

To: vitalremains who wrote (1149)	12/27/2013 5:11:28 PM
From: vitalremains	Respond to of 1882

solid action here since resource update released in early December

To: vitalremains who wrote (1149)	1/18/2014 12:44:00 PM
From: vitalremains	Respond to of 1882

Mason Graphite files NI 43-101 Lac Gueret report 2014-01-17 17:29 ET - News Release Mr. Benoit Gascon reports MASON GRAPHITE FILES MINERAL RESOURCE UPDATE TECHNICAL REPORT FOR ITS LAC GUERET PROJECT Mason Graphite Inc. has filed a National Instrument 43-101-compliant technical report dated Jan. 17, 2014, entitled "NI 43-101 technical report on the mineral resource estimation update, 2013, Lac Gueret graphite project, Quebec -- Canada" under its profile on SEDAR and has posted it on its website. The comprehensive report combines the details of the mineral resource estimate update (the results of which were announced in a news release dated Dec. 5, 2013), as well as the results of the preliminary economic assessment (published June 6, 2013) of the company's 100-per-cent-owned Lac Gueret project. Report highlights include: A large mineral resource increase in the measured and indicated categories from 7.6 million tonnes to 50 million tonnes, and an increase in mineral resources in the inferred category from 2.8 million tonnes to 11.9 million tonnes (see the attached table for details); Excellent PEA results maintained: first 22 years of production at 27.4 per cent graphitic carbon and low operating costs of $390 per tonne; An environmental baseline study has been completed and the report contains the main conclusions showing that there are no environmental issues that would prevent the project from moving forward. UPDATED MINERAL RESOURCE ESTIMATE ON GC ZONE, DEC. 5, 2013 Tonnes Cg grade Categories Unit (000s) (%) Measured U1/U2 (5 to 25% Cg) 4,052 13.36 U3 (> 25% Cg) 465 33.77 All units 4,517 15.46 Indicated U1/U2 (5 to 25% Cg) 39,300 13.01 U3 (> 25% Cg) 6,207 32.32 All units 45,507 15.64 Measured and indicated U1/U2 (5 to 25% Cg) 43,352 13.04 U3 (> 25% Cg) 6,672 32.42 All units 50,024 15.63 Inferred U1/U2 (5 to 25% Cg) 9,224 13.27 U3 (> 25% Cg) 2,637 30.53 All units 11,861 17.11 Note: A cut-off grade of 5 per cent graphitic carbon was used for this mineral resource estimate. See the technical report for additional information on mineral resource estimation methodology. The mineral resource estimate update was prepared by Roche Ltd. Consulting Group, and the technical report was prepared by Met-Chem Canada Inc. Qualified persons Mary-Jean Buchanan, Eng MEnv, of Met-Chem Canada, an independent qualified person as defined by NI 43-101, has reviewed and approved the technical content in this press release pertaining to the PEA. Martin Perron, Eng, of Roche, an independent qualified person as defined by NI 43-101, has reviewed and approved the technical content in this press release pertaining to the mineral resource estimate update. Martin Magnan, Eng, MSc, of Roche, an independent qualified person as defined by NI 43-101, has reviewed and approved the technical content in this press release pertaining to the environmental baseline study. Jean L'Heureux, Eng, executive vice-president, process development, for Mason Graphite, a qualified person for Mason Graphite as defined by NI 43-101, has reviewed and approved this press release. We seek Safe Harbor.