Northern Graphite Corporation (TSXV: NGC | OTCQB: NGPHF) has announced the completion of its drilling campaign at its Lac des Iles mine, which confirms the graphite mines’ life can be extended. The Lac de Iles graphite mine is North America’s only significant producer of natural graphite and is in western Quebec, Canada.
Northern acquired the Lac des Iles mine, located 180 km northwest of Montreal, in April 2022 and drilling began in May of 2023, totalling 7,890m in 88 holes. The drill campaign was aimed at testing potential targets in the existing mine lease after a detailed review of historical studies AND an airborne geophysical survey were conducted; identifying a number of target zones, many of which have yet to be drilled.
“The second half of the drilling programme has confirmed the potential for near-surface resources that we can extract in the short term,” commented Northern COO Kirsty Liddicoat.
“We were able to identify good grade that is shallow; including a near-surface, thicker seam of graphite mineralization.”
Highlights of program include:
Zone 13 (West Wall Pit 12)
- Hole F13-23-02 returned 7.31% graphitic carbon (Cg) over 7.94m,
- Hole F13-23-05 returned 6.70% Cg over 6.94m,
- Hole F13-23-06 returned 7.33% Cg over 8.0m,
- Hole F13-23-08 returned 8.60% Cg over 6.62m,
- Hole F13-23-15 returned 8.60% Cg over 8.85m.
Zone 7 (South of Section B)
- Hole F7-23-01 returned 9.21% Cg over 6.1m,
- Hole F7-23-07 returned 6.50% Cg over 5.95m, and
- Hole F7-23-10 returned 7.51% Cg over 5.9m
Results have shown good near-surface mineralization with a number of seams tending to merge near the surface. Mineralization remains open to the north and south. Northern will be evaluating the potential for resource and reserve increases over the fourth quarter.
For further information, please visit: www.northerngraphite.com
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