Focus Graphite reports additional significant graphitic carbon (Cg) intercepts from 2022 deep definition drilling program at Lac Tétépisca, Québec, including 91.26 m grading 13.25% Cg in Hole LT-22-129 Focus has now intersected significant graphitic mineralization* in deep definition holes drilled o
FOR IMMEDIATE RELEASE
August 1, 2023
TSX-VENTURE: “FMS”
____________________________________________________________________________
Focus Graphite reports additional significant graphitic carbon (Cg) intercepts
from 2022 deep definition drilling program at Lac Tétépisca, Québec, including
91.26 m grading 13.25% Cg in Hole LT-22-129
Focus has now intersected significant graphitic mineralization* in deep definition holes drilled on
all 50-metre spaced sections along a 950-metre strike length of the MOGC deposit (between
L1+50S and L11+0 0S), further demonstrating the potential for a significant extension of the
MOGC deposit at depth. (* refer to Note 2 for definition).
Kingston, Ontario, August 1, 2 023 – Focus Graphite Inc. ( TSX.V:FMS; OTCQX:FCSMF;
FRANKFURT:FKC) (“Focus” or the “Company”) is pleased to report the results from an additional
twelve (12) 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 m etres of definition drilling from 27 deep holes along strike of its
Manicouagan Ouest Graphitic Corridor (“MOGC”) graphite deposit.
The results reported today are for : Five (5) deep definition holes drilled on five (5) sections at a
50-metre spacing over a 200-metre strike length section of the MOGC deposit ’s north end,
between Lines 4+00S and 5+50S (Table 1; Figure 1); two (2) deep definition holes collared at the
same location on Line 10+50S at the south end of the deposit, but with different azimuths (Table
1; Figure 1); and five (5) exploration holes drilled on two almost north trending sections at the east
end of the Southwest MOGC target (Table 2; Figure 1).
Highlights:
• Hole LT-22-129, drilled at 302o/-65o to a vertical depth of 209.96 metres on Section
L6+00S, intersected 91.26 metres* grading 13.25% Cg (from 104.90 metres to 212.15
metres**; Table 1), including:
o 36.00 metres* grading 18.30% Cg (from 112.45 metres to 154.90 metres**), and
o 25. 14 metres* grading 14.83% Cg (from 164.60 metres to 194.15 metres**).
• Hole LT-22-125, drilled at 302o/-65o to a vertical depth of 271.84 metres on Section
L4+00S intersected 94.06 metres* grading 10.45% Cg (from 110.50 metres to 223.00
metres**; Table 1), including:
o 33.65 metres* grading 16.81% Cg (from 116.90 metres to 150.55 metres**).
• Hole LT-22-126, drilled at 302o/-64o to a vertical depth of 225.25 metres on Section
L4+50S, intersected 90.13 metres* grading 10.66% Cg (from 114.00 metres to 220.05
metres**; Table 1), including:
o 23.84 metres* grading 16.01% Cg (from 117.85 metres to 146.00 metres**), and
o 29.89 metres* grading 10.99% Cg (from 163.35 metres to 198.45 metres**).
• Hole LT-22-127, drilled at 302o/-62o to a vertical depth of 213.11 metres on Section
L5+00S, intersected 86.21 metres* grading 10.17% Cg (from 111.00 metres to 210.00
metres**; Table 1), including:
o 19.28 metres* grading 16.51% Cg (from 120.40 metres to 142.60 metres**), and
o 16.18 metres* grading 14.19% Cg (from 168.15 metres to 186.70 metres**).
• Hole LT-22-128, drilled at 302o/-64o to a vertical depth of 214.69 metres on Section
L5+50S intersected 67.50 metres* grading 13.50% Cg (from 110.65 metres to 189.85
metres**; Table 1), including:
o 19.98 metres* grading 18.94% Cg (from 115.10 metres to 138.60 metres**), and
o 22.07 metres* grading 17.14% Cg (from 163.00 metres to 188.80 metres**).
• Hole LT-22-173, drilled at 315o/-88o to a vertical depth of 313.77 metres on Section
L10+50S, intersected 26.58 metres* grading 13.11% Cg (from 137.80 m to 181.80
metres**; Table 1).
• Hole LT-22-173A, drilled at 315o/-45o to a vertical depth of 106.09 metres on Section
L10+50S intersected 24.22 metres* grading 6.90% Cg (from 51.00 metres to 71.00
metres**; Table 1).
• Hole LT-22-141, drilled at -350o/-45o to a vertical depth of 161.39 metres at the east end of
the Southwest MOGC target on Section L0+00, intersected 20.29 metres* grading 9.71%
Cg (from 189.00 metres to 211.00 metres; Table 2), including:
o 11.07 metres* grading 14.76% Cg (from 199.00 metres to 211.00 metres**).
• Hole LT-22-144, drilled at -350o/-45o on Sections L1+75W to a vertical depth of 104.9
metres at the east end of the Southwest MOGC target intersected 12.79 metres* grading
5.08% Cg (from 52.00 metres to 66.00 metres**) and 14.68 metres* grading 6.42% Cg
(from 126.50 metres to 142.50 metres**; Table 2).
* True thickness ** Core length
To date, the Company has received graphitic carbon (Cg) assay results for 21 out of the 27 deep
definition holes drilled on the MOGC deposit in 2022, along the results for the first five (5)
exploration holes drilled on the Southwest MOGC target. Analytical results for deep definition
drillholes LT-22-174 to 179 are pending.
“We are delighted with the results to date from our 2022 drilling program at Lac Tétépisca, and
these results continue to build upon our belief in the graphite potential of the Manicouagan-Ouest
Graphitic Corridor on the site,” said Marc Roy, President and CEO of Focus Graphite.
Mr. Roy added: “The results released today for the deep definition holes drilled along strike of our
MOGC deposit bridge the gap between the holes whose results Focus released earlier this year.
Plotted together , these results now confirm the occurrence of continuous significant graphitic
mineralization to a vertical depth up to 200 metres from surface, along strike of the deposit over
a total distance of 950 metres. The deep definition drilling results also indicate a thickening of the
graphitic mineralization below the central section of the MOGC deposit, with mineralization of at
least 10% Cg over a minimum thickness of 75.0 metres intercepted at depth on all s ections
between L3+00S and L9+50S. We look forward to the results of the last six (6) deep definition
drill holes to finalize the complete drill hole database for the MOGC deposit , a key milestone on
the path to a future updated mineral resource estimate for the Lac Tétépisca project.”
Geological sections showing the results of the 21 deep definition drill holes at the MOGC deposit
and of the five (5) exploration drill holes at the Southwest MOGC target released by the Company
in 2023, together with the results from 2014 to 2020 drilli ng, are available on the Company’s
website at www.focusgraphite.com, along with a map showing the location of the drill holes.
The five (5) exploration holes drilled at the northern end of the Southwest MOGC target whose
results are also reported today (Table 2) , all intersected significant graphitic mineralization
(defined under note 2 below) with the best intercept recorded in hole LT-22-141 drilled on Section
L0+00S, with 20.29 metres* grading 9.71% Cg (from 189.00 metres to 211.00 metres**; Table 2),
including 1 1.07 metres* grading 14.76% Cg (from 199.00 metres to 211.00 metres**). The
graphitic zones so far intersected at the Southwest MOCG target are thinner than those in the
MOGC deposit and are not located at the same stratigraphic levels. Detail structural 3-D modelling
in underway to connect these two segments of the deposit.
Drill core sample preparation for the remaining six (6 ) deep definition holes from the 2022 deep
definition drilling program is ongoing at IOS Services Géoscientifiques Inc. (IOS) laboratory
facilities in Saguenay, Québec, but sample expeditions to ACTLABS and COREM for
geochemical analyses have been delayed until Focus secures additional funding to continue the
and complete the drill core analytical program.
Please monitor the Company’s website at ( www.focusgraphite.com) and regulatory filings on
SEDAR (www.sedarplus.ca) for the latest news on the Company and the Lac Tétépisca project.
Table 1. Highlights of the seven (7) latest drill holes from the 2022 deep definition core
drilling program at the MOCG deposit
Drill
hole Grid line/ Azimuth Plunge Hole True From: To: Significant intersections Graphitic
ID Station length depth Core True carbon
(deg.) (deg.) (m) (m)*** (m) (m) length thickness grade
(m) (m) (% Cg)
LT-22-
125 L04+00S 302 -65 245.85 151.04 110.50 223.00 112.50 94.06 10.45
- - - - - Including 116.90 150.55 33.65 28.10 16.81
- - - - - Including 184.25 191.40 7.15 5.98 17.23
- - - - - Including 201,45 210,00 8,55 7,16 10,33
LT-22-
126 L04+50S 302 -64 252,00 149.53 114,00 220,05 106,05 90,13 10,66
- - - - - Including 117,85 146,00 28,15 23,84 16,01
- - - - - Including 163,35 198,45 35,10 29,89 10,99
LT-22-
127 L05+00S 302 -62 243,00 141.19 111,00 210,00 99,00 86,21 10,17
- - - - - Including 120,40 142,60 22,20 19,28 16,51
- - - - - Including 168.15 186.70 18.55 16.18 14.19
- - - - - Including 201.10 208.15 7.05 6.17 11.36
LT-22-
128 L05+50S 302 -64 240.20 134.83 110.65 189.85 79.20 67.50 13.50
- - - - - Including 115.10 138.60 23.50 19.98 18.94
- - - - - Including 163.00 188.80 25.80 22.07 17.14
LT-22-
129 L06+00S 302 -65 234.00 142.56 104.90 212.15 107.25 91.26 13.25
- - - - - Including 112.45 154.90 42.45 36.00 18.30
- - - - - Including 164.60 194.15 29.55 25.14 14.83
LT-22-
173 L10+50S 315 -88 315.00 81.68 77.80 85.80 8.00 4.67 8.20
- - - - - 105.61 95.80 115.80 20.00 11.86 8.03
- - - - - 159.36 137.80 181.80 44.00 26.58 13.11
- - - - - Including 139.80 181.80 42.00 25.35 13.39
LT-22-
173A L10+50S 0 -43 315.00 42.30 51.00 71.00 20.00 14.25 6.90
- - - - - 67.95 81.00 115.00 34.00 24.22 9.90
- - - - - Including 81.00 95.00 14.00 9.97 12.10
Table 2. Highlights from the fist five (5) drill holes from the 2022 exploration drilling
program at the Southwest MOGC target
Drill
hole Grid line/ Azimuth Plunge Hole True From: To: Significant intersections Graphitic
ID Station length depth Core True carbon
(deg.) (deg.) (m) (m)*** (m) (m) length thickness grade
(m) (m) (% Cg)
LT-22-
140 L0+00S 350 -45 156.55 82.48 109.50 123.60 14.10 12.84 6.08
LT-22-
141 L0+00S 350 -45 230.55 86.88 118.50 126.50 8.00 7.30 5.77
- - - - - 140.39 189.00 211.00 22.00 20.29 9.71
- - - - - Including 199.00 211.00 12.00 11.07 14.76
LT-22-
142 L0+00S 350 -45 102.30 25.11 30.00 42.00 12.00 11.01 6.70
LT-22-
143 L1+75S 350 -45 181.05 92.53 127.15 134.15 7.00 6.38 8.94
LT-22-
144 L1+75S 350 -45 149.75 41.59 52.00 66.00 14.00 12.79 5.08
- - - - - 94.29 126.50 142.50 16.00 14.68 6.42
***: Vertical depth of the mid-point of the main mineralized intersection.
Notes:
(1) True thicknesses are reported in this news release and are based on the local dip of the mineralised envelope as
calculated on 3-D model. 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 of MOCG has an azimuth of N035. 5° and dips at -58.5° to the south-east. The drill holes
crosscut the envelope of the main mineralised zone's strike (80°) and dips (60o) 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 Activation Laboratories of Ancaster, Ont., an ISO/IEC 17025:2005 certified facility
using combustion in induction furnace and infrared spectrometry (code 5D - C Graphitic) 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 duplicated and analyzed by COREM for
graphitic, total, organic and inorganic carbon as well as total sulphur . The same 10% of the drill core samples were
also analysed by ACTLABS Laboratories of Ancaster, Ontario (ISO/IEC 17025:2005 with CAN -P-1579) for for trac e
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 almost 1.0 km strike length on
the MOGC deposit (total: 6,640.2 metres); 29 exploration holes drilled on the Wes t 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 two 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 in the
coming weeks. A total of 152 p ulverized 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 until last
February, and another 569 pulverized splits were to Activation Laboratories in Ancaster, Ontario
(ISO/IEC 17025:2005 with CAN -P-1579) for graphitic carbon (code 5D - C Graphitic) and total
sulphur analysis (code 4F – S ) using an Electra induction furnace with infrared spectroscopy .
Historic results indicate excellent interlaboratory comparable results. 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 (Code 1E2 - Aqua Regia). Holes concerned by the present
news release, include 721 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
and at the Company’s Lac Knife project. Under the QA/QC program, the current set of analyses
included 53 duplicates of the core samples plus 10 other duplicates from holes LT-22-173 and
LT-22-173A that are pending, or about 9% of the samples, which were analyzed either by COREM
for graphitic carbon duplicated analyses ( code LSA-M-B10), total sulphur (code 4F – S ), total
carbon (code LSA-M-B45), organic carbon (code LSA-M-B58) and inorganic carbon (code LSA-
M-B11) or Actlabs for graphitic carbon (code 5D - C Graphitic) and total sulphur analysis (code
4F – S). A total of 122 reference materials (about 17%) were inserted in the sample sequences,
either certified or internal reference material samples (CDN-GR1, CMRI12, Oreas-723, OREAS-
724, OREAS-725, CGL-004, N CS-DC-60119, N CS-DC-60120, N CS-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 Carbon1,2 (“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% Cg1,2 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 updated drill sections, are available on the Company’s websit e 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 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 com modity 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.