Focus Graphite begins Phase 2 (12,000 metres) of its 2022 core drilling program on its Lac Tétépisca project
Focus Graphite begins Phase 2 (12,000 metres) of its 2022 core drilling program
on its Lac Tétépisca project
KINGSTON, ONTARIO - July 28, 2022 – Focus Graphite Inc. (TSX. V: FMS) ("Focus"
or the "Company") is pleased to announce the launch of the second phase (12,000 m) of
its 2022 core drilling program on its Lac Tét épisca project. Phase 2 of the program was
initiated following the receipt on July 6 of two land use permits from the ministry of Forests,
Wildlife and Parks of Québec ("MFFP") relating to the Manicouagan-Ouest Graphitic
Corridor (“MOGC”) deposit sector and the areas of the "West Limb" and "Southwest
MOCG" exploration targets. The Lac Tétépisca graphite project is wholly owned by
Focus. It is located on the Nitassinan (ancestral territory) of the 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 launch the second phase of dril ling on our Lac Tétépisca project. We are
now able to continue exploration drilling on the West Limb and Southwest MOGC targets
as well as deep infill drilling on the MOGC deposit.”
The exploration drilling program for the West Limb and Southwest MOGC targets aims to
validate the occurrence of graphite mineralizat ion within the extension, of the magnetic
and electromagnetic anomal y associated with the MOGC deposit, over an approximate
distance of five kilometres . A deep infill drilling program is also underway at the MOGC
deposit. The purpose of this program is to convert a portion of the 59.3 million tonnes (Mt)
of Mineral Indicated Mineral Resour ces grading 10.61% Cg* into Measured Resources,
as well as a portion of the 14.9 Mt of Infe rred Mineral Resources grading 11.06% Cg* in
Indicated Resources. The conversion of In ferred and Indicated mineral resources to
higher category resources is necessary to allow the MOGC deposit to reach the next step
of the development process, the Preliminary Economic Study ("PEA").
*Source: Report entitled "NI 43-101 Technical Repor t, Mineral Resource Estimate, Lac Tétépisca
Graphite Project, Québec"" prepared by DRA Global Ltd., Montreal office, filed on www.sedar.com April
5, 2022, and available under Focus Graphite Inc.
To date, 31 holes have been drilled on the Lac Tétépisca project, based on the land use
permits obtained previously (total: 6,483.65 metres). The preparation of core samples
from these boreholes 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 locat ed in Quebec City for graphite carbon (Cg)
and total sulfur (S(tot)) assays.
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The drilling program was designed and operated by IOS acting as Focus’ main contractor,
while Table Jamésienne de Concertation Minière (“TJCM”) of Chibougamau, Québec, the
Company's technical advisor, is supervising 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., Senior Geoscientist for Table
Jamésienne de Concertation Minière, a consultant to the Company and a Qualified Person as
defined under National Instrument (NI) 43 – 101 Standards of Disclosure for Mineral Projects has
reviewed and approved the technical content of this news release.
About the Lac Tétépisca graphite project
Focus Graphite’s 100%-owned Lac Tétépisca Graphite Project comprises two contiguous
properties, Lac Tétépisca and Lac Tétépi sca Nord, located in the Southwest
Manicouagan reservoir area of the Côte-Nord region of Québec on the Nitassinan of the
Pessamit Innu, 234 km north-north west of the city of Baie-C omeau, an industrial city
located where the Manicouagan River intersects the north shore of the St. Lawrence
River. Together, the two properties form a block of 125 map-designated claims (total area:
6,737.50 ha). Focus purchased a 100% unencumbered interest of the mineral rights in
the 67 CDC claims constituting the original Lac Tétépisca property fr om a third party in
August 2011. The Lac Tétépisca Nord property was map-staked by the Company in 2012.
The Lac Tétépisca Project is accessible y ear-round by way of a network of secondary
gravel roads that extend north from Highway 389, 10 km to the south of the Manic 5
hydroelectric power station.
Additional maps of the Lac Tétépisca property showing the location of the West Limb and
Southwest MOGC 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 that seeks 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 build long-term, sustainable shareholder value, Focus is also evaluating the feasibility
of producing value-added specia lty graphite products, including battery-grade spherical
graphite.
Focus Graphite is a technology-oriented graphite development company with a vision for
building long-term, sustainable shareholder value. Focus also holds an equity position in
graphene applications developer Gr afoid Inc. Focus is committed to operating in a
socially, environmentally, and ethically responsible manner.
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For more information about Fo cus Graphite and the Company’s Lac Tétépisca and Lac
Knife projects, please visit Focus’s website at www.focusgraphite.com or contact:
Kimberly Darlington
Communications, Focus Graphite
Judith Mazvihwa-MacLean
Chief Financial Officer, Focus Graphite
(613) 581-4040
Neither the TSX-V nor its Regulation Servi ces Provider (as that term is defined in
the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of
this news release.
Forward-Looking Statements
This press release contains “forward-looking information” within the meaning of Canadian
securities legislation. All information contained herein that is not clearly historical in nature
may constitute forward-looking information, including references to the plans and project
of the Company such as proceeding with production at the Company’s Project,
proceeding with exploration activities on its permits on Lac Tétépisca. Generally, such
forward-looking information can be identified by the use of forward-looking terminology
such as “potential”, “high-potential”, “expected”, “optimistic”, “looking forward”, “moving
forward”, or variations of such words and phrases or state that certain actions, events or
results “may”, “could”, “would” or “might”. 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 ac hievements of the Company to be materially different from
those expressed or implied by such forward-looking information, including but not limited
to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the
possibility of write-downs and impairments; (iv) the risk a ssociated with exploration,
development and operations of mineral deposits; (v) the risk associated with establishing
title to mineral properties and a ssets; (vi) fluctuations in commodity prices; (vii) the risks
associated with uninsurable risks arising during the course of exploration, development
and production; (viii) com petition faced by the issuer in securing purchasers, off-taker
markets, clients and experienced personnel and financing; (ix) access to adequate
infrastructure to support mining, processing, development and exploration activities; (x)
the risks associated with changes in the mining regulatory regime governing the issuer;
(xi) the risks associated with t he various environmental regulations the issuer is subject
to; (xii) risks related to regulatory and permi tting delays; (xiii) risks related to potential
conflicts of interest; (xiv) the reliance on key personnel; (xv) liquidity risks; (xvi) the risk of
litigation; and (xvii) risk management.
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Forward-looking information is based on assumptions management believes to be
reasonable at the time such statements are made, including but not limited to, continued
exploration activities, no material adverse change in metal prices, exploration, and
development plans to proceed in accordance with plans and such plans to achieve their
stated expected outcomes, receipt of required regulatory approval, and such other
assumptions and factors as set out 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 intended. 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 has been provided for the purpose of assisting
investors in understanding the Company’s business, operations and exploration plans
and may not be appropriate for other purposes. Accordingly, readers should not place
undue reliance on forward-looking information. Forward-looking information is given as
of the date of this press release, and the Company does not undertake to update such
forward-looking information except in accordance with applicable securities laws.