Goldcore to produce 1000 kg of Graphite concentrate for Lithium Ion Battery Testing
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 to produce 1000 kg of Graphite concentrate for Lithium Ion Battery
Testing
February 11th , 2021, VANCOUVER, B.C. Goldcore Resources Ltd (TSX-V: GEM, FSE: BK2P,
WKN: A2QENP) (“Goldcore” or the “Company”) is pleased to announce that it has engaged Base
Metallurgical laboratories Ltd. (“Base Metallurgical”) to produce 1000 kg of graphite concentrate
from Berkwood Project channel and drill core sample material for use in applied technical tests, and
to more fully characterise the Berkwood Project graphite product. Test work will in particular focus
on Lithium Ion Battery anode components. Over the past four years Goldcore has collected and stored
raw graphite mineralised rock sample material from its Berkwood Graphite Project located in Northern
Quebec for use in future metallurgical and application tests, and as a reference material for the
Company’s stated project resource (refer NR of Aug 19 th, 2019 ). A subsample of reference raw
material will be shipped to Base Metallurgical and processed, concentrated and purified to produce up
to 1,000 kg of high-grade Graphite.
Goldcore continues to receive abundant interest in further study of the Berkwood Project product from
graphite users and trade experts to further demonstrate the applications to which the Company’s
product will be most suited. In particular, the compelling jumbo- and large-flake size distribution that
occurs naturally in the Zone 1 resource, and the ready upgrading of a concentrate of 97.8% graphite
by crushing and flotation (please refer to the NR of Feb 7 th, 2019 , and the video
at https://youtu.be/DXWCpr3G1-c ) is regarded by industry participants as being highly encouraging.
Michel Robert states, “Even when compared against a global suite of Graphite prospects, projects
and mines, it is extremely rare to see graphite concentrates that are readily processed to yield both
an abundance of large flakes AND high graphitic carbon grade. Berkwood’s initial Graphite process
samples have, to date, delivered on both these highly desirable and therefore potentially valuable
characteristics.”
The Company previously sent Berkwood Project 97.8% graphite concentrate to ProGraphite where
the concentrate was readily purified to 99.95% (NR Aug 27, 2019). The near term plan is to have Base
Met repeat the process with more core and channel sample material, and then to send the concerntrate
to ProGraphite to purify to 99.95, make spherical graphite and coat the graphite for application in the
anode components of test batteries. The Company will also use the purified product to supply a number
of Battery Manufactures, and other con sumers and purchasers of Graphite with test samples
(commonly in 15 kg parcels) for those users to test the product for their own application- specific
purpose.
CEO Tom Yingling states: “ I am very pleased to have engaged Base Metallurgical Labs to process
the Graphite that we have collected over the past four years to concentrate 1000kg of high- grade
Graphite. Tests undertaken to date have shown excellent expandability characteristics, re ady
amenability for purification to 99.95% using a standard alkaline process, and that a high proportion
of large flake graphite that is amenable to spheroidization is present. Being able to send 15 kg parcels
of the Company’s High Grade Graphite is one of the key steps to potentially securing an offtake
agreement with a Lithium Ion Battery manufacturer and or other consumers of Graphite.”
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 .