TRADING ALERT

Last traded: $0.055 Up: $0.005

Percentage: 10% Vol. 1M

Company Projects

Simon Lake

The Simon Lake Graphite Project covers 11,800 hectares, and is located approximately 300 km northeast of La Ronge, Saskatchewan and is intersected by Highway 905. The property consists of several showings of flake graphite mineralization in historic drill holes, which were discovered during the exploration of base metals during the 1960's and 1970's.

Project Update

Drill core from the recently completed Simon Lake drill program as announced on October 2, 2012 has been prepared for metallurgical test work, and will be forwarded for processing upon selection of a laboratory with appropriate experience in processing graphitic ores. Initial test work will quantify the flake size distribution(s) in each of the graphitic horizons, which the company views as a critical step in characterizing the Simon Lake graphite occurrences. Additional metallurgical testing will assist in understanding the processing requirements required to achieve a high-purity graphite product; which in turn will help guide the next round of drilling. Future exploration will focus on those parts of the Simon Lake Graphite horizon with the most promising combination of grade, flake size, location and near surface tonnage potential. It is anticipated that this next drill program will commence during winter 2012/2013, contingent upon completion of the initial metallurgical work program.

Company Website / Hub On AGORACOM