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

To: vitalremains who wrote (1472)	10/8/2014 6:36:41 PM
From: vitalremains	Respond to of 1882

Mason Graphite drills 202 m of 21.6% Cg at Lac Gueret 2014-10-08 17:15 ET - News Release Mr. Benoit Gascon reports MASON GRAPHITE REPORTS HIGH GRADE INTERCEPTS FROM INFILL DRILLING IN THE GC ZONE, INCLUDING 27 METRES AT 40.3 % CG, AND ANNOUNCES THE APPOINTMENT OF A NEW DIRECTOR OF SUSTAINABLE DEVELOPMENT Mason Graphite Inc. has released the second batch of assay results from the 2013 to 2014 drilling program at its Lac Gueret project in northeastern Quebec. The drill program consisted of 97 holes totalling 15,108 metres and was designed to pursue three objectives: -To explore for mineral extensions to the northeast and beyond the defined resource envelope of the GC zone (18 holes totalling 2,085 metres). Results were previously reported in the press release dated July 29, 2014; -To explore for mineral continuity within the defined resource envelope of the GC zone (68 holes totalling 11,323 metres); -To conduct exploration drilling on graphite showings on the property located beyond the areas where drilling had previously been conducted (11 holes totalling 1,700 metres). This press release reports assay results from drilling conducted in the GC zone. The remaining drilling results will be reported in upcoming communications. Results confirm presence of high-grade areas in the GC zone "We are very pleased that these new results confirm the continuity of the mineralization within the GC zone. Furthermore, we continue to obtain high graphite grades, which supports our belief in the exceptional quality of the Lac Gueret property. These latest results will be combined with those from the northeast extension to update our resource estimate, which is expected to lead to the upgrade of the resource categories and to also allow for the optimization of the mining plan during our feasibility study," said Benoit Gascon, president and chief executive officer of Mason Graphite. Drilling was performed in a quincunx pattern, with new holes drilled roughly in the middle of four existing holes, resulting in an average distance of 35 metres between holes. The former drilling followed a grid pattern, with average spacing of 50 by 50 metres. Intercept highlights from drilling conducted inside the PEA open-pit envelope in the GC zone include: -Hole LG-403 intersected 76 metres at 27.5 per cent Cg (carbon as graphite), including 38 metres at 39.3 per cent Cg; -Hole LG-421 intersected 46 metres at 28.7 per cent Cg, including 27 metres at 40.3 per cent Cg; -Hole LG-424 intersected 86 metres at 32.7 per cent Cg, including 73 metres at 36.1 per cent Cg; -Hole LG-471 intersected 50 metres at 23.9 per cent Cg near the surface (four metres), including 21 metres at 37.4 per cent Cg. Intercept highlights from drilling conducted outside the PEA open-pit envelope in the GC zone include: -Hole LG-420 intersected 42 metres at 24.6 per cent Cg, including 17 metres at 34.7 per cent Cg near the surface (seven metres); -Hole LG-439 intersected 58 metres at 20.2 per cent Cg, including 14 metres at 36.6 per cent Cg; -Hole LG-455 intersected 202 metres at 21.6 per cent Cg, including three intersections of 17, 24 and 46 metres at 30.7 per cent Cg to 33.3 per cent Cg, respectively; -Hole LG-458 intersected 91 metres at 25.3 per cent Cg, including 30 metres at 40.8 per cent Cg; -Hole LG-463 intersected 130 metres at 26.7 per cent Cg, including 57 metres at 39.0 per cent Cg. Appointment of director of sustainable development Mason Graphite is also pleased to announce that Jacqueline Leroux, Eng, has joined its management team as director of sustainable development. Ms. Leroux has worked for two major mining projects in the province of Quebec (BlackRock project and Eleonore project), where she was in charge of sustainable development, various environmental studies and social relations. She successfully conducted the permitting processes for both projects. Her experience is expected to be invaluable to the development of the Lac Gueret project. Qualified persons/quality assurance and quality control Yves Caron, PGeo, Mason Graphite's director of exploration and geology, qualified person as defined by National Instrument 43-101, supervised the drill program, and has reviewed and approved the geological scientific and technical content of this press release. Jean L'Heureux, Eng, Mason Graphite's executive vice-president, process development, qualified person as defined by National Instrument 43-101, has reviewed and approved the metallurgical scientific and technical content of this press release. Analyses for this drilling campaign were carried out by AGAT Laboratories Ltd. in Mississauga, Ont., a company independent from Mason Graphite, exercising a thorough QA/QC program with Mason Graphite personnel inserting one blank, two standards and one duplicate every 100 samples. AGAT Laboratories is an accredited analytical laboratory. Cg assays reported in this press release were obtained by using the LECO analytical technique ASTM E1915-07A with a detection limit of 0.01 per cent Cg. Drill holes were sampled over an average of 1.5-metre intervals. We seek Safe Harbor.