Goldcore commences shipping Graphite for preparation to build a test battery
2200 – 1250 Rene Levesque Blvd. Montreal, QC, H3B 4W8
Phone: (438) 469-0705
#1100 - 1111 Melville Street, Vancouver, BC, V6E 3V6
Phone: (604) 343-7740
EMail: [email protected]/
Website: www.goldcoreresources.com
Goldcore commences shipping Graphite for preparation to build a test battery
February 19th, 2021, VANCOUVER, B.C. Goldcore Resources Ltd (TSX-V: GEM, FSE: BK2P,
WKN: A2QENP) (“Goldcore” or the “Company”) is pleased to announce that several tonnes of
graphitic rock sample collected over the past four years from the Company’s drill programs, as well
as surface trenching programs are presently in transit to Base Metallurgical Laboratories Ltd. (“Base
Metallurgical” www.basemetlabs.com) to be processed to produce approximately 1,000 kg of graphite
concentrate. This material will be used to produce battery anode material for the making of test
batteries.
Base Metallurgical will crush, float and clean the graphitic rock sample material from Goldcore’s
Berkwood Graphite project located in Northern Quebec. Base Metallurgical are considered one of the
leading industry experts in their field and have e xtensive experience in the flotation concentration
process.
Michel Robert states, “Base Metallurgical is well known for it’s mineral processing expertise, based
on many years of industrial experience.”
The concentrate produced by Base Metallurgical will be sent to ProGraphite to purify to 99.95% (See
News Release dated August 27th, 2019), and to make spherical graphite and further to coat the graphite
for application in the anode components of test batteries.
Spheroidization of natural graphite is important in a battery as it increases the availability of
conductive surface area that improves battery efficiency owing to increased graphite packing density
in the anode, whilst coating the spherical graphite, slows oxidation of the graphite to extend the number
of recharging cycles and the life of the battery.
CEO Tom Yingling states: “I am very pleased to have commenced shipping of our Graphite to Base
Metallurgical as it is a key step towards getting our Graphite prepared for testing in Lithium Ion
Batteries. It will also move us closer towards getting the 1,000 kgs we need in order t o commence
shipping 15 kg parcels of the Company’s High Grade Graphite to Lithium Ion Battery manufacturers
and or other consumers of Graphite, which is one of the key steps to potentially securing an offtake
agreement.”
Qualified Person: Mr. Dave Kelsch , P.Geo. is a Qualified Person ( “QP”) as defined by National
Instrument 43-101 guidelines, and he has reviewed and approved the technical content of this news
release.
About the Company: Goldcore Resources is managed by a team with over 150 years collectively
with a proven track record of not just finding numerous mines but building and operating them too.
The Goldcore management team’s most recent success is the discovery of the Berkwood Graphite
resource in Northern Quebec. Goldcore owns this asset 100 percent and the Company’s shareholders
will benefit from this asset as the demand for Graphite for electric vehicles increases significantly.
On Behalf of the Board of Directors
Goldcore Resources Ltd.
‘Thomas Yingling’
President, CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
or 1-604-343-7740
[email protected] www.goldcoreresources.com
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist
of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such
statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained
in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what
benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain
expectations, estimates and assumptions, which may prove to be incorrect.
Neither 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 .