Graphite Industry Gathers in Toronto for the Graphite Express on May 2nd
Packing for the Chicago Resource Investment Conference tonight, I plan on discussing the rising stars featured on GraphiteBlog over the next 2 days. This is an outstanding event for investors, and when I back on Sunday, we will be ramping up for participation with our friends at Resource Clips for the Graphite Express conference in Toronto on Wednesday, May 2, 2012 next door to our offices in the Sheraton. The event that many describe as 'presentation speed dating' will have 15 graphite companies presenting in record format. So here are my cliff notes on the companies who will be presenting in alphabetic order to prep everyone attending on who's who:
Amseco Exploration Ltd. (TSXV: AEL): On March 15, 2012, Amseco Exploration announced that it would acquire 25,362 hectares of land in a district known to host multiple graphite occurrences. Amseco Exploration will have 100% control of the 469 claims. As part of its strategic plan announced in February, Amseco Exploration has decided to expand its traditional precious metals exploration activities to also include industrial minerals. This decision was made based on rapid growth of the market for graphite and other industrial minerals. Amseco Exploration shares are trading at $0.05 with a 52-week high of $0.14.
Energizer Resources Inc. (TSX: EGZ): On April 4, 2012, Energizer Resources announced the addition of the Molo Zone to its Green Giant graphite project and reported that assay results of this area confirmed graphite mineralization at surface down to a hole depth of 108 meters at a grade of 8.80% carbon. Based on this and previous results from the Fotsy and Fondrana zones a new graphite camp is beginning to be defined in Madagascar. Energizer Resources shares are trading at $0.30 with a 52-week high of $0.47.
First Graphite Corp. (TSXV: FGR): On April 19, 2012, First Graphite announced that it had commissioned an airborne geophysical survey of its Henry property. The property is made up of six mineral claims and includes 22,850 hectares of land near the community of Southend, Saskatchewan. Based on historical exploration results and proximity to the Deep Bay Deposit, First Graphite believes that the Henry site has the potential to host near-surface graphite deposits containing scarce, large-flake, high purity graphite. First Graphite shares are trading at $0.35 with a 52-week high of $0.63.
Focus Metals Inc. (TSXV: FMS): On April 11, 2012, Focus Metals provided an update on metallurgical testing at its Lac Knife project in Quebec and reported that the deposit held 46.1% large flake graphite and 39% medium flake graphite with an overall global recovery test rate of 85.9%. Focus Metals shares are trading at $0.87 with a 52-week high of $1.33.
Galaxy Capital Corp. (TSXV: GXY): On March 15, 2012, Galaxy Capital announced that it had acquired a 100% interest in the Buckingham graphite property in Quebec. The property consist of two former producing mines and are located in the highly prospective Central Metasedimentary Belt of the Grenville geological province. The two properties cover a total of 1,324 hectares on 22 mining claims. The area is host to many active graphite properties and host rocks for both deposits are graphitic crystalline marbles, similar to the host stratigraphy at Canada’s only producing graphite mine, Timcal’s Lac des Iles. Galaxy Captial shares are trading at $0.16 with a 52-week high of $0.12.
Graphite One Resources Inc. (TSXV: GPH): On March 27, 2012, Graphite One Resources announced changes to its management and board of directors. Anthony Huston who has previously served as Vice President of Business Development at Graphite One Resources was appointed as President. Dean Besserer and Brian Budd were appointed to the board of directors. Mr. Besserer will also continue to serve in his role as Vice President of Exploration and Mr. Budd will serve as an independent board director. Graphite One Resources shares are trading at $0.25 with a 52-week high of $0.41.
Lomiko Metals Inc. (TSXV: LMR): On April 26, 2012, Lomiko Metals announced it will be presenting at the Graphite Express conference where they will outline the 2012 drilling plan for their Quatre Milles graphite project in Quebec. The site was originally staked and explored by Graphicor Resources Inc. in 1989. Historically, the highest individual assay reported was a graphite concentration of 15.48% over 50 meters. Lomiko Metals shares are trading at $0.11 with a 52-week high of $0.18.
Northern Graphite Corp. (TSXV: NGC): On April 10, 2012, Northern Graphite formed a strategic partnership with Panacis Inc. whereby both companies will cooperate in the development and promotion of each other’s products and services with respect to lithium-ion batteries. Northern Graphite shares are trading at $2.33 with a 52-week high of $3.42.
Soldi Ventures Inc. (TSXV: SOV): On April 25, 2012, Soldi Ventures announced the closing of the first tranche of its private placement and the raising of $229,800 at a price of $0.12 per share. The proceeds of the private placement will be used for exploration activities and general working capital. Soldi Venture shares are trading at $0.08 with a 52-week high of $0.26.
Standard Graphite Corp. (TSXV: SGH): On April 26, 2012, Standard Graphite announced it had optioned the Beidelmann-Lyall graphite property in Ontario. Standard Graphite reported it had signed a Mineral Property Option Agreement with Terra Firma Resources Inc. (TSXV: TFR) pursuant to which Terra Firma has been granted an option to earn 100%-interest in the Beidelmann-Lyall graphite project buy making a series of cash payments according to the defined schedule. Standard Graphite shares are trading at $0.46 with a 52-week high of $1.08.
Strike Graphite Corp. (TSXV: SRK): On April 26, 2012, Strike Graphite announced the appointment of Jerry Janik and Jody Dahrouge to its Advisory Board. Mr. Jankin has over 20 years of experience in the mining industry and has been fulfilling the role as General Manager for Ontario Graphite’s Kearney mine that is undergoing a re-commissioning process. Mr. Dahrouge has over 20 years of leadership experience with global mineral exploration and development projects. He has served as senior executive officer, director and/or geologist with a number of publicly traded companies. Strike Graphite shares are trading at $0.35 with a 52-week high of $0.45.
Zenyatta Ventures Ltd. (TSVX: ZEN): On April 23, 2012, Zenyatta Ventures announced that drilling at the Albany graphite property continues to intersect wide zones of graphite breccia. The goal of the current drill campaign is to geologically define graphite breccias delineated by an airborne geophysical conductor with about 4000 meters of wide-spaced drilling over the next two months. Drill hole #3 was drilled in a southerly direction and is located 200 meters north of the original discovery drill hole. Upon passing through limestone the hole immediately intersected graphitic breccia which shows the deposit coming to near surface. Zenyatta Ventures shares are trading at $0.37 with a 52-week high of $0.52.
Uragold Bay Resources Inc. (TSXV: URB): On March 23, 2012, Uragold Bay Resources announced it had signed an agreement to acquire two large flake graphite properties -- the Asbury Graphite Mine and the Canadian Graphite Property. The Asbury property is in Quebec and consists of two claims and the associated mine was operational seasonally between 1980-1989. A historic estimate from 1974 reports 578,000 tonnes averaging 10% large flake graphite for the Asbury mine. The Canadian Graphite Property is also in Quebec. In 1918 a historical estimate reports 168,000 tonnes at 6.15% graphite. Uragold Bay Resources are trading at $0.04 with a 52-week high of $0.05.
Zimtu Capital Corp. (TSXV: ZC): On April 11, 2012, Zimtu Capital and three prospecting partners announced the signing of an agreement with Big North Graphite Group (TSXV: NRT) whereby Big North can earn a 100% interest in the Grand Lac Du Nord Graphite Property located in Quebec. The property consists of one contiguous claim block of 2,009 hectares. Big North intends to launch an exploration campaign beginning with a complete compilation of historic geologic work followed by surface work, trenching and diamond drilling. Zimtu Capital shares are trading at $1.05 with a 52-week high of $1.80. Big North shares are trading at $0.15 with a 52-week high of $0.33.
*Prices taken at 1pm EST 2012-04-26 from Yahoo Finance and Google Finance. All funds CDN unless otherwise noted. Disclaimer: Focus Metals Inc., Galaxy Capital Corp., Lomiko Metals Inc., Standard Graphite Corp. and Zenyatta Ventures Ltd. are sponsors of GraphiteBlog. Quelle: http://www.graphiteblog.com/2012/04/...still-recall-with-a.html
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