Madagascar Graphite Project Update
LION. CSE | GBBGF. OTCQB | 0TD. F<, TheNewswire - Global Li-Ion Graphite Corp. ("Global Li-Ion" or, the "Company") (CSE: LION) updates shareholders and followers of the Company on its progress towards preparing to recommence commercial production at the Malagasy graphite Project. Pascal Marchand M.Sc. P. Geol is overseeing and contributing key elements of the mine development and implementation plan being prepared by Lion to get its Ambato-Arana graphite mines back into commercial production. Pascal reports that much of the access and mining infrastructure remains in good condition. He further reports that the exposed graphite-bearing layers in the exposed laterite cliffs are up to 10 meters thick. Other areas covered by Lion's permits have layers of up to 20, or even 30, meters in thickness. Pascal's geological analysis suggests that the graphite bearing layers may be folded giving Lion additional graphite targets in the vertical dimension as well as horizontally due to the extension of the graphite bearing layers beyond the existing pits. In addition, he has worked with Lion to gather key historic data and reports for analysis under the environmental and social impact studies being undertaken by ECG Auguste.
Lion has evaluated access into its mine sites in the Tsanavoniany area which is on one of its three mining permits (mining permit 97); and has determined that the road is in good condition, requiring only minor repair and grading. This one area alone produced 95% Carbon graphite at a steady annual rate of an estimated 2500 metric tons/year (mesh 80+) using less advanced mining techniques than Lion intends to employ. [source: BRGM 2007 report], LION has 5 significant pits which have been mined previously and a large zone of graphite mineralization extending beyond those pits across its permits which Lion is working to delineate and quantify.
Sam Malin, COO and Director, says "The ongoing analytical work on Lion's Malagasy graphite mines continues to return encouraging results while at the same time Lion is moving forward towards finalizing it mine development and implementation plan."
The technical content of this news release was reviewed and approved by Glen Macdonald, P.Geo, who is a Qualified Person within the meaning of NI 43-101.
Further information about Global Li-Ion is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and the Company's website, www.globalli-iongraphite.com.
For Further information about the Company, please contact:
John Roozendaal
President
Telephone 604.608.6314
Email: info@liongraphite.com
Neither the Canadian Securities Exchange nor its regulation services provider have reviewed or accept responsibility for the adequacy or accuracy of this press release.
Forward-Looking Information:
This press release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "intend", "believe" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks discussed in the Company's Management's Discussion and Analysis under the Company's profile on www.sedar.com. While the Company may elect to, it does not undertake to update this information at any particular time.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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