Standard Graphite Corp.: Positive Dill Results Extend Oat Zone and Increase Size Potential of Mousseau East Graphite Project
03.04.2013 | Marketwire
VANCOUVER, 04/03/13 - Standard Graphite Corp. (TSX VENTURE: SGH) (OTCQX: DARDF) (the "Company") is pleased to report the final and validated results from its 2012 diamond drill program. The program was successful in duplicating historical drilling and expanding the known mineralization laterally in both directions confirming a more widespread graphitic horizon than originally known.The final validated results included the last two (2) holes located at the eastern extremity of the property drilled to test an EM conductor highlighted during the airborne electromagnetic survey conducted by Standard during the summer of 2012. Holes -19 and -20 both intersected a graphitic horizon at the interface between a calcsilicate (marbles) unit and quartzo-feldspathic gneisses.
Oat Zone Drill Results
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From To Width(i) Graphite
Hole # (m) (m) (m) (Cg%)
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M12-19 22.00 28.80 6.80 5.69
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M12-20 44.50 64.60 20.10 5.73
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(i) Measured intercept along core axis not necessarily representative of
true width.
To view a map of the results please click here:
http://www.standardgraphite.com/i/pdf/oatzone_2.pdf
The 2012 diamond drill program aimed at confirming the historical, non 43-101 compliant resource at Mousseau by duplicating some 12 drill-holes that served in the historic resource calculation. Also, the program tested the immediate extensions of the known mineralization and last, exploratory drilling was conducted in other areas of the project where no exploration had taken place previously. All three phases were successful and produced significant mineralization as announced earlier (see press releases 21 November 2012, 10 and 29 January 2013). The drilling parameters and complete drill results for the 2012 drill campaign can be consulted using the following company website access:
To view the complete drill results for 2012 please click here:
http://www.standardgraphite.com/s/2012_drill_results.asp
Fieldwork is expected to resume during the second quarter of 2013 with follow-up diamond drilling on its Mousseau East project aimed at better defining and expanding the historical resource.
Chris Bogart, President & CEO, comments: "We are very enthused by the results obtained in 2012 and are very eager to resume exploration on our Mousseau project to further expand on these results. The application for a drilling permit has been filled with the government and should be obtained shortly."
The 2012 diamond drilling was planned in consultation with MRB & Associates who was responsible for the supervision of the drilling operations, the logging and sampling of the core. Sampling including the addition standardized reference material and blanks according to a strict QA/QC protocol was carried out in their Val-d'Or facility and half split core samples were shipped to ActLabs of Ancaster, Ontario for graphitic carbon assaying through carbon combustion in a pure oxygen environment using a multistage furnace.
Antoine Fournier, P.Geo., manages Standard's exploration and development programs and is the Qualified Person as defined by National Instrument 43-101. He supervised the preparation of the technical information in this release.
About Standard Graphite
Standard Graphite Corp. is focused exclusively on the exploration and development of a large portfolio of flake graphite properties in Canada. The company is rapidly positioning itself as North America's premier pure-play graphite exploration company and it controls 100% interest in 13 highly prospective graphite properties within known graphite districts in both Quebec and Ontario. An aggressive 2012 exploration strategy has commenced and will be implemented by a geologic team with the pedigree of a previous world-class graphite discovery.
ON BEHALF OF THE BOARD
Chris Bogart
President & CEO
Cautionary Statement:
The foregoing information may contain forward-looking statements relating to the future performance of Standard Graphite Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Standard Graphite Corp.'s filings with the appropriate securities commissions.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Standard Graphite Corp.
Chris Bogart, President & CEO
(604) 683-2509
(604) 683-2506 (FAX
info@standardgraphite.com
www.standardgraphite.com