KINGSTON, IN / ACCESS CABLE / July 28, 2022 / Focus Graphite Inc. (TSXV:FMS) (“Focus” or the “Company”) is pleased to announce the launch of the second phase (12,000m) of its 2022 core drilling program at its Lac Tétépisca project. Phase 2 of the program began after receiving on July 6 two land use permits from the Québec Ministry of Forests, Wildlife and Parks (“MFFP”) related to the Manicouagan-Ouest Graphitic Corridor deposit sector (” MOGC”) and the “West Limb” and “Southwest MOCG” exploration target areas. The Lac Tétépisca graphite project is wholly owned by Focus. It is located in the Nitassinan (ancestral territory) of Pessamit Innu in the Côte-Nord region, 234 km north-northwest of the city of Baie-Comeau. Marc Roy, CEO of Focus, said: “Our team is pleased to have obtained the necessary approvals to start the second phase of drilling at our Lac Tétépisca project. We are now able to continue exploration drilling at the MOGC West Limb and Southwest targets, as well as deep infill drilling at the MOGC deposit.” The exploration drilling program for the MOGC West Limb and Southwest targets is intended to validate the occurrence of graphite mineralization within the extension of the magnetic and electromagnetic anomaly associated with the MOGC deposit, over a distance of approximately five kilometers. A deep infill drilling program is also underway at the MOGC deposit. The objective of this program is to convert part of the 59.3 million tons (Mt) of Indicated Mineral Resources grading 10.61% Cg* into Measured Resources, as well as part of the 14.9 Mt of Mineral Resources Inferred with a grade of 11.06% Cg* in Indicated Resources. Conversion of Inferred and Indicated Mineral Resources to higher category resources is necessary to enable the MOGC deposit to reach the next step in the development process, the Preliminary Economic Assessment (“PEA”). *Source: Report entitled “NI 43-101 Technical Report, Mineral Resource Estimate, Lac Tétépisca Graphite Project, Québec” prepared by DRA Global Ltd., Montreal officepresented the sedar.com April 5, 2022 and available through Focus Graphite Inc. To date, 31 wells have been drilled on the Lac Tétépisca project, based on previously obtained land use permits (total: 6,483.65 meters). Core sample preparation from these wells is underway at IOS Services Géoscientifiques Inc. (“IOS”) laboratories located in Saguenay, Québec, and the first batches of samples will be shipped shortly to COREM laboratories located in the city of Quebec for carbon graphite (Cg ) and total sulfur (S(tot)) tests.
The drilling program was designed and operated by IOS acting as Focus’s prime contractor, while Table Jamésienne de Concertation Minière (“TJCM”) of Chibougamau, Québec, the Company’s technical advisor, oversees the project. The drilling work was entrusted to Forage G4 of Val-d’Or, Québec. Qualified Person Mr. Marc-André Bernier, géo. (QC), P.Geo. (ON), M.Sc., Table Jamésienne de Concertation Minière senior geoscientist, consultant to the Company and Qualified Person as defined in National Instrument (NI) 43 – 101 Disclosure Standards for Mineral Projects has reviewed and approved the contents of this press release.
About the Lac Tétépisca Graphite Project
The Lac Tétépisca Graphite Project, wholly owned by Focus Graphite, comprises two contiguous properties, Lac Tétépisca and Lac Tétépisca Nord, located in the southwestern Manicouagan reservoir area of the Côte-Nord region of Québec in the Nitassinan de Pessamit Innu , 234 km northwest of the city of Baie-Comeau, an industrial city located where the Manicouagan River intersects with the north bank of the St. Lawrence River. Together, the two properties form a block of 125 designated claims on the map (total area: 6,737.50 ha). Focus purchased from a third party an unencumbered 100% interest in the mining rights in the 67 CDC claims constituting the original Lac Tétépisca property from a third party in August 2011. The Lac Tétépisca Nord property was re-mapped by the Company in 2012. The Lac Tétépisca Project is accessible year-round through a network of secondary gravel roads that extend north from Highway 389, 10 km south of the Manic 5 hydroelectric plant. Additional maps of the Lac Tetepisca property showing the location of the MOGC West Limb and Southwest targets and the MOGC graphite deposit, along with drill sections, are available on the Company’s website at www.focusgraphite.com.
About Focus Graphite
Focus Graphite Inc. is an exploration and development company seeking to produce flake graphite concentrate at its wholly-owned Lac Knife and Lac Tétépisca flake graphite projects located in the Côte-Nord administrative region of Québec. As part of its mission to create long-term sustainable shareholder value, Focus is also evaluating the feasibility of producing value-added specialty graphite products, including battery-grade spherical graphite. Focus Graphite is a technology-driven graphite development company with a vision to create long-term sustainable shareholder value. Focus also has an equity position in graphene application developer Grafoid Inc. Focus is committed to operating in a socially, environmentally and ethically responsible manner.
For more information about Focus Graphite and the company’s Lac Tétépisca and Lac Knife projects, visit the Focus website at www.focusgraphite.com or contact:
Communications, Graphite Focus
CFO, Focus Graphite
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.
East Press release contains “forward-looking information” within the meaning of Canadian securities legislation. All information contained in this document that is not clearly historical in nature may constitute forward-looking information, including references to the Company’s plans and projects, such as continuing production at the Company Project, continuing exploration activities at their permits at Lac Tétépisca. In general, such forward-looking information can be identified by the use of forward-looking terminology such as “potential”, “high potential”, “expected”, “optimistic”, “expecting”, “going forward” or variations. of such words and phrases or state that certain actions, events or results “may”, “could”, “would” or “could”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the
Company is materially different from those expressed or implied in such forward-looking information, including, without limitation: (i) volatile Values price; (ii) general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with the exploration, development and operation of mineral deposits; (v) the risk associated with establishing title to mineral properties and assets; (vi) fluctuations in the prices of raw materials; (vii) risks associated with uninsurable risks arising during the course of exploration, development and production; (viii) the competition faced by the issuer for buyers, buyers’ markets, experienced clients and staff, and financing; (ix) access to adequate infrastructure to support extraction, processing, development, and exploration activities; (x) the risks associated with changes in the mining regulatory regime that governs the issuer; (xi) the risks associated with the different environmental regulations to which the issuer is subject; (xii) risks related to regulatory and permitting delays; (xiii) risks related to potential conflicts of interest; (xiv) dependence on key personnel; (xv) liquidity risks; (xvi) the risk of litigation; and (xvii) risk management.
Forward-looking information is based on assumptions that management believes to be reasonable at the time such statements are made, including, but not limited to, continued exploration activities, no material adverse changes in metal prices, exploration and development plans to proceed according to plans. and such plans to achieve the stated expected results, receipt of required regulatory approval, and other assumptions and factors set forth herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or anticipated. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information was provided for the purpose of assisting investors in understanding the Company’s business, operating and exploration plans and may not be suitable for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is provided as of the date of this Press releaseand the Company makes no commitment to update such forward-looking information except in accordance with applicable securities laws.
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