First Canadian Graphite (TSX-V:FCI) has reported graphitic carbon grades up to 43.4% from its phase one prospecting program at Zone 13 of the Lac Guéret South Project in Québec, Canada.
The company collected 46 samples using Beep Mat geophysical surveying, with 14 samples returning grades above 20% graphitic carbon. The highest-grade sample of 43.4% came from location L852643, with other notable results of 42.30%, 41.9%, and 32% graphitic carbon.
CEO John LaGourgue says the results have ‘exceeded expectations’ for the newly identified target.
“We held high expectations for Zone 13 after evaluating preliminary airborne geophysical data, which led us to prioritise this target during ground truthing, and our expectations have been exceeded, with more than 30% of the samples showing graphitic carbon grades above 20%,” LaGourgue says.
“Zone 13 is now officially a significant new discovery, and we intend to follow up as soon as possible on these encouraging results.”
The phase one program used Beep Mat geophysical instruments to identify conductive zones near surface where overburden is thin and outcrop exposure is poor.
First Canadian Graphite is preparing its phase two program, which includes completing Beep Mat prospecting across Zone 13, initiating surveying on Zone 6, additional sampling at the Esbec occurrence, and site visits to Zones 3 and 4.
The Lac Guéret South Project borders Nouveau Monde Graphite’s (NYSE:NMG) Uatnan project, located 234km north-northwest of Baie-Comeau in Québec’s Côte-Nord region.
First Canadian Graphite is a Canadian explorer advancing a portfolio of graphite projects in Québec.
Write to JC Villarba at Mining.com.au
Images: First Canadian Graphite
