Focus Graphite Reports 92.42 m grading 14.28% Graphitic Carbon (Cg) in hole LT-22-131; 86.66 m grading 15.00% Cg in hole LT-22-130; and 91.83 m grading 13.84% Cg in hole LT-22-132 from the 2022 Definition Drilling Program at Lac Tétépisca, Québec
FOR IMMEDIATE RELEASE
FEBRUARY 1, 2023
TSX-VENTURE: “FMS”
____________________________________________________________________________
Focus Graphite Reports 92.42 m grading 14.28% Graphitic Carbon
(Cg) in hole LT-22-131; 86.66 m grading 15.00% Cg in hole LT-22-130;
and 91.83 m grading 13.84% Cg in hole LT-22-132 from the 2022
Definition Drilling Program at Lac Tétépisca, Québec
The excellent results from the first five (5) definition holes drilled at depth along the length of the
Manicouagan Ouest Graphitic Corridor (MOGC) deposit further demonstrate the potential for a
significant extension of the deposit at depth.
Kingston, Ontario, February 1, 2023 – Focus Graphite Inc. (TSX.V:FMS; OTCQX:FCSMF;
FRANKFURT:FKC) (“Focus” or the “Company”) is pleased to report the results for the first five
(5) holes from the Company’s 2022 exploration and definition drilling program at its 100%-
owned Lac Tétépisca graphite project, located southwest of the Manicouagan Reservoir in the
Côte-Nord administrative region of Québec, on the Nitassinan of the Pessamit Innu. Between
March 3 and November 17, 2022, Focus completed 14,900.5 metres of core drilling from 74
holes, including 6,640.2 metres of definition drilling from 27 deep holes along strike of its
Manicouagan Ouest Graphitic Corridor (“MOGC”) deposit. The results reported today are for
five (5) deep definition holes drilled on sections at 50-metre interval over a 200 m strike length
section of the MOGC deposit, between Line 6+50S and Line 8+50S (see map).
Highlights:
• Hole LT-22-130, drilled at -65 o to a vertical depth of 198.5 metres on Section L6+50S,
intersected 86.66 metres* grading 15.00% Cg (from 93.6 metres to 197.3 metres**; Table
1), including:
o 60.1 metres* grading 17.71% Cg (from 105.0 metres to 177.0 metres**).
• Hole LT-22-131, drilled at -65 o to a vertical depth of 198.5 metres on Section L7+00S,
intersected 92.42 metres* grading 14.28% Cg (from 90.0 metres to 200.7 metres**; Table
1), including:
o 67.0 metres* grading 16.03% Cg (from 106.9 metres to 198.6 metres**).
• Hole LT-22-132, drilled at -65 o to a vertical depth of 201.2 metres on Section L7+50S,
intersected 91.83 metres* grading 13.84% Cg (from 86.5 metres to 196.4 metres**; Table
1), including:
o 53.75 metres* grading 16.43% Cg (from 101.7 metres to 166.0 metres**); and,
o 16.08 metres* grading 16.44% Cg (from 174.8 metres to 194.0 metres**).
• Hole LT-22-133, drilled at -62 o to a vertical depth of 209.3 metres on Section L8+00S,
intersected 75.72 metres* grading 16.28% Cg (from 125.5 metres to 213.2 metres**;
Table 1).
• Hole LT-22-134, drilled at -62 o to a vertical depth of 219.4 metres on Section L8+50S,
intersected 83.01 metres* grading 15.74% Cg (from 119.0 metres to 215.2 metres**;
Table 1).
* True thickness ** Core length
“We’re thrilled to kick off 2023 with these terrific results from Lac Tétépisca,” said Marc Roy,
President and CEO of Focus. “They demonstrate excellent continuity in the thickness and
graphitic carbon grades of the main graphite mineralisation at depth and along strike of the
MOGC deposit, and they continue to illustrate the potential for a significant extension of the
deposit at depth. We look forward to the results of the 22 other deep definition holes drilled last
year, which are expected to arrive in the coming months, and will then be combined with those
of the 106 holes drilled by the Company from 2014 to 2020 to form the basis of an updated
mineral resource estimate for the MOCG deposit tentatively planned for Q3 2023.”
Drill core analytical results are now being delivered to Focus at a rate of about one hole per
week and they will be released by the Company as they are received from COREM and
ACTLABS laboratories and compiled, processed and QA\QC-verified by IOS Services
Géoscientifiques Inc. (“IOS”) who designed the 2022 drilling program and are managing the
analytical program for the Lac Tétépisca project for Focus. Please monitor the Company’s
website at ( www.focusgraphite.com) and regulatory filings on SEDAR ( www.sedar.com) for the
latest news on the Lac Tétépisca project.
Geological sections showing the results of the first five (5) drill holes from the 2022 drilling
program at Lac Tétépisca together with results from 2014 to 2020 drilling along with a map
showing the location of the drill holes are available on the Company’s website at
www.focusgraphite.com.
Table 1. Highlights for the first five (5) drill holes from the 2022 deep definition core
drilling program targeting the MOCG deposit.
Hole ID Section
Az Dip Length True
Depth from to Intercept length (m) Graphitic Carbon
grade (%Cg) (deg) (deg) (m) (m) (m) (m) Downhole True
width
LT-22-130 L6+50S 302 65 219.1 198.5 93.55 197.30 103.75 86.66 15.00
Including 105.00 177.00 72.00 60.14 17.71
Including 184.25 196.25 12.00 10.02 12.62
LT-22-131 L7+00S 302 65 219.0 198.5 90.00 200.65 110.65 92.42 14.28
Including 106.85 198.65 80.25 67.03 16.03
LT-22-132 L7+50S 302 65 222.0 201.2 86.50 196.45 109.95 91.83 13.84
Including 101.65 166.00 64.35 53.75 16.43
Including 174.75 194.00 19.25 16.08 16.44
LT-22-133 L8+00S 302 62 237.0 209.3 111.00 117.30 6.30 5.44 6.32
and 125.45 213.20 87.75 75.72 16.28
Including 129.60 212.40 82.80 71.45 16.91
LT-22-134 L8+50S 302 62 248.5 219.4 119.00 215.20 96.20 83.01 15.74
Including 126.80 213.80 87.00 75.07 16.92
Notes:
(1) True thicknesses are reported in this news release and are calculated based on a dip of -58.5° for the mineralised
envelope. Core descriptions, sampling information and analytical results were captured in Geotic™ core logging
software, and then exported to LeapFrog tm software for three-dimensional (3-D) rendering. The 3-D mineralisation
envelope has an azimuth of N035.5° and dips at -58.5° to the south-east according to the 3-D model. The drill holes
crosscut the envelope of the main mineralised zone's strike (80°) and dips (60 o) at high angle.
(2) “Best intercepts” and “significant mineralisation” are defined as Cg grading a minimum of 5.0% over at least 6.0 m
with internal dilution set at a maximum of 7.0 m consecutive and no external dilution. “Best sub-intercepts” are
defined as Cg grading a minimum of 10.0% over 6.0 m with same limitations on dilution. The 5% cg and 10% Cg cut-
offs are used solely to delineate the extent of the mineralised envelopes corresponding to “Best intercepts” and “Best
sub-intercepts”, respectively. Economic cut-offs based on geological, metallurgical, mining, and economic factors,
parameters and considerations will be determined as part of the mineral resource estimate update planned for the
Lac Tétépisca project later in 2023 and through subsequent technical studies.
(3) Barren core intervals within the mineralised envelope of the MOGC that were not analysed are considered as
0.0% Cg internal dilution.
(4) Analyses were performed by COREM of Quebec City, an ISO/IEC 17025:2005 certified facility using LECO
combustion in induction furnace and infrared spectrometry (code LSA-M-B10) and are reported as graphitic carbon
(Cg) and total sulphur.
(5) QA/QC program: IOS introduced 10% reference samples, including certified and internal reference materials,
duplicates, and blank samples. Ten percent of the drill core samples were also analyzed by COREM for total, organic
and inorganic, carbon. Duplicates of the same 10% of the drill core samples were also sent to ACTLABS Laboratories
of Ancaster, Ontario (ISO/IEC 17025:2005 with CAN-P-1579) for interlaboratory verification where they were
analyzed for graphitic carbon, total sulphur and for trace metals by ICP-MS after aqua-regia digestion.
2022 drilling program
The 2022 core drilling program at the Lac Tétépisca project was designed and operated by IOS
Services Géoscientifiques Inc. (“IOS”) of Saguenay, Québec, under the supervision of Table
Jamésienne de Concertation Minière (“TJCM”) of Chibougamau, Québec, acting as an
independent technical adviser to the Company. Drilling was performed by Forage G4 of Val-
d'Or, Québec using a single drill rig. Drilling commenced on March 3, 2022 and ended on
November 17, 2022.
The drilling program consisted of systematic definition drilling along strike of the Company’s
MOGG deposit together with exploration drilling at the nearby West Limb and Southwest MOGC
geophysical (MAG-TDEM) targets. A total of 74 holes were completed, from LT-22-107 to LT-
22-179 (total: 14,900.5 metres), including 27 deep holes drilled over a 1.5 km strike length on
the MOGC deposit (total: 6,640.2 metres); 29 exploration holes drilled on the West Limb target
(total: 5,421.6 metres), and 18 exploration holes drilled on the Southwest MOGC target (total:
2,838.8 metres). Drilling completed on the MOGC deposit includes seven (7) 300 m-length
vertical HQ-diameter holes, 19 high angled holes drilled to a vertical depth of 200 metres, plus a
short hole drilled at moderate angle (LT-22-173A).
Starting in March 2022, drill core boxes for each hole were packaged by sequential numbers
onto pallets in the field by IOS personnel and then shipped by truck every 2 weeks to IOS’s
facilities in Saguenay where they are currently archived. Sampling has been conducted with a
diamond saw, with NQ-diameter core from the Southwest MOGC and West Limb targets being
halved, while all HQ-diameter core from the MOGC deposit was quartered. Sample preparation
work consisting of crushing and grinding began last September and is expected to be completed
by early March. Pulverized splits were sent to COREM, an ISO/IEC 17025:2005 certified facility
located in Québec City, for graphitic carbon (code LSA-M-B10) and total sulphur (code LSA-M-
B41) analysis using LECO induction furnace with infrared spectrometry. A subset of 10% of
samples was analyzed for 35 trace element analysis using ICP-OES and ICP-MS after an aqua-
regia digestion at Activation Laboratories in Ancaster, Ontario (ISO/IEC 17025:2005 with CAN-
P-1579. Code 1E2 - Aqua Regia). Holes LT-22-130 to LT-22-134, concerned by the present
communication, included 534 graphitic carbon analyses.
Quality Assurance / Quality Control
The analytical quality control program for the Lac Tétépisca project has been implemented by
an IOS-certified chemist and is identical to the one used for previous drill programs at Lac
Tétépisca or at the Company’s Lac Knife project. Under the QA/QC program, the current set of
analyses included 48 of the core samples, or about 9% of the samples, which were also
analyzed by COREM for total carbon (code LSA-M-B45), organic carbon (code LSA-M-B58) and
inorganic carbon (code LSA-M-B11). Duplicates of the same 48 samples were sent to
ACTLABS Laboratories of Ancaster, Ontario (ISO/IEC 17025:2005 with CAN-P-1579) for
graphitic carbon (code 5D - C Graphitic) and total sulphur (code 4F – S Combustion infrared
detection) determinations. A total of 74 (about 14%) reference materials are inserted in the
sample sequences, either certified or internal reference material samples (CDN-GR1, CMRI12,
Oreas-724, GLC-004, NSC-DC-60119, NSC-DC-60120, NSC-DC-60121), duplicates (quarter-
split core or grinding duplicates), and preparation and analyses blanks.
Qualified Persons
The technical content disclosed in this news release was reviewed and approved by Réjean
Girard, P.Geo. (QC), President of IOS Services Géoscientifiques Inc., and a qualified person as
defined under National Instrument NI-43-101.
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 non-technical content this news release.
About the Lac Tétépisca Graphite Project
Focus Graphite’s 100%-owned Lac Tétépisca Graphite Project is located in the Southwest
Manicouagan reservoir area of the Côte-Nord region of Québec, one of North America’s leading
emerging flake graphite districts. The project lies on the Nitassinan of the Pessamit, 234 km
north-northwest of the city of Baie-Comeau, an industrial city located where the Manicouagan
River intersects the north shore of the St. Lawrence River. It comprises two contiguous
properties, Lac Tétépisca and Lac Tétépisca Nord. Together, the two properties form a block of
126 map-designated claims (total area: 6,785.14 ha). Focus purchased a 100% unencumbered
interest of the mineral 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 map-staked by
the Company in 2012. The Lac Tétépisca Project is accessible year-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.
The Lac Tétépisca project hosts the Manicouagan Ouest Graphitic Corridor (“MOGC”) graphite
deposit with a pit-constrained Indicated resource of 59.3 Mt tonnes (“Mt”) grading 10.61%
Graphitic Carbon 1,2 (“Cg”) for an estimated content of 6.3 Mt of natural flake graphite (in-situ),
and an Inferred resource of 14.9 Mt grading 11.06% Cg 1,2 for an estimated content of 1.6 Mt of
natural flake graphite (in-situ).
1A cut-off grade of 3.9% Cg was applied to all estimates.
2Source: “NI 43-101 Technical Report Mineral Resource Estimate Lac Tétépisca Graphite Project, Québec” by DRA
America’s Inc., dated April 4, 2022, available on www.sedar.com/, under Focus graphite Inc.
Additional maps of the Lac Tétépisca property showing the location of 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 advanced exploration company with an objective of producing flake
graphite concentrate at its wholly owned Lac Knife and Lac Tétépisca flake graphite projects
located in the Côte-Nord administrative region of Québec. In a second stage, to meet Québec
stakeholder interests in developing second transformation industries within the province and to
add shareholder value, Focus is evaluating the feasibility of producing value added specialty
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 a significant equity position
in graphene applications developer Grafoid Inc. For more information about Focus Graphite,
please visit www.focusgraphite.com.
For more information about Focus 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
CFO, Focus Graphite
(613) 581-4040
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.
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
achievements 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 associated with exploration, development and operations of mineral
deposits; (v) the risk associated with establishing title to mineral properties and assets; (vi)
fluctuations in commodity prices; (vii) the risks associated with uninsurable risks arising during
the course of exploration, development and production; (viii) competition 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 the various environmental regulations the issuer is subject
to; (xii) risks related to regulatory and permitting 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.
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.