January 22, 2015, Toronto: Great Lakes Graphite Inc. (“Great Lakes” or the “Company” TSX-V:GLK, OTC:GLKIF, FWB:8GL) is pleased to announce the completion of its winter drill program at the Lochaber Graphite Project, located close to strong infrastructure in SW Québec.
The drill program, which commenced in early December, has been completed on schedule and on budget. Final demobilization of field crews is currently underway. Eight drill holes were completed for a total of 1,200 metres. The information collected from this program will be used to verify data from past drilling programs and it will also be used for the NI 43-101 Resource Calculation currently being compiled by SRK Consulting on the Company’s 100% owned Lochaber Graphite Deposit.
The infill drill program was successful, with some of the drill holes collaring in mineralization that continued over their entire length. Each infill drill hole was intentionally ended at a set depth below the base of the proposed pit bottom. Further, mineralogical and lithological information from several drill holes strongly indicate that graphite mineralization was intersected over significant widths. All core samples from the drill program have been submitted to AGAT Laboratories in Mississauga, Ontario for priority processing. Results are expected shortly and will be released as soon as they are available.
During the drilling period, the crew transported core from the Lochaber site to the Company’s secure core storage facility in Sudbury, Ontario. This enabled processing of the core to begin and to be conducted in parallel with drilling activities.
At the core shack, the core from each drill hole is examined and logged. The core is then split and one half is prepared for transportation to the assay laboratory, while the other half is returned to storage.
Mr. Martin Éthier, P.Geo., who is a Member of the Order of Geologists of Québec and a “Qualified Person” under NI 43-101, has reviewed and approved the technical content of this press release.
About Great Lakes Graphite: Great Lakes Graphite Inc. is an industrial minerals company with the mandate to bring graphite projects to production through the acquisition and development of high quality graphite flake properties. Graphite has moved to the forefront of the Industrial Mineral World as a Critical Mineral required for industrial use and as a major component in the development of new technologies particularly with the advancement of battery storage, mobile battery systems and alternative energy infrastructure.
As there are currently no graphite mines producing in North America, Great Lakes Graphite has the ability to become one of the first producers to supply a growing regional customer base that requires high quality natural graphite, where pricing and demand continue to rise.
The Company, through strategic acquisitions and capable management will become a leader in the industrial minerals marketplace. The Company’s flagship graphite property is located in Lochaber Township of southwestern Québec. The Company has also entered into option and joint venture agreements with Eloro Resources Inc.(TSXV:ELO) on the Summit-Gaber Cobalt property located in the La Grande Greenstone Belt in the Baie James region of Québec. Further information regarding Great Lakes can be found on the Company’s website at: www.GreatLakesGraphite.com.
Great Lakes Graphite trades with symbol GLK on the TSX Venture Exchange and currently has 78,714,820 shares outstanding (115,278,656 fully diluted).
For more information, please contact:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer