FMS Focus Graphite Inc

Focus Graphite Inc. ("Focus" or the "Company") (TSX
VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) is pleased to report the final assay
results from the summer 2012 reconnaissance exploration program at its
100%-owned Lac Guinecourt graphite property (the "Property") located in the
South Manicouagan Reservoir area of northeastern Quebec,17 km to the South of
Mason Graphite's Lac Gueret graphite deposit.


A total of 32 grab samples were collected from historical and new
graphite-bearing outcrops related to the Graphi-Centre showing area. Twenty-one
(21) of the samples returned high-grade graphitic carbon (Cgr(i)) assays ranging
from 6.36% to a high of 45.90% Cgr (high-grade assays are defined as greater
than 5% Cgr; Table 1). The historical Graphi-Centre showing was formerly part of
the Lac Gueret-Sud property of SOQUEM Inc.-Quinto Technology Inc. Numerous
graphite-bearing outcrops showing potential for significant lateral continuity
and width are recorded within the 2 km by 3 km area hosting the showing.


Gary Economo, President and CEO of Focus Graphite, stated: "Our preliminary
exploration results at the Lac Guinecourt property indicate potential for
significant economic-grade graphite mineralization. The high-grade graphite
grades recorded at Lac Guinecourt together with the excellent results on our
near-by Lac Tetepisca project place Focus in a very good position to discover
the next economic-grade graphite deposit after Lac Gueret. The Lac Guinecourt
mineralization grades compare favorably to those of our Lac Knife deposit. We
will be planning a comprehensive follow-up exploration program for Lac
Guinecourt in 2013 in order to confirm the full extension and thickness of the
graphitic mineralization following the defined linear HLEM anomalies." 




Table 1. Summary of best grab sample graphitic carbon (Cgr) assays  
(greater than 5.00% Cgr) and related sulfur assays from the 2012  
Graphi-Centre showing area reconnaissance survey.                  
                                                                    
--------------------------------------------------------------------
# Sample                        Cgr %                            S %
--------------------------------------------------------------------
232415                          45.90                           0.32
--------------------------------------------------------------------
232382                          43.00             greater than 10.00
--------------------------------------------------------------------
232381                          39.20             greater than 10.00
--------------------------------------------------------------------
232390                          34.70                           9.74
--------------------------------------------------------------------
232386                          31.90             greater than 10.00
--------------------------------------------------------------------
232384                          30.30                           7.00
--------------------------------------------------------------------
232388                          27.60                           3.33
--------------------------------------------------------------------
232403                          27.50                           8.55
--------------------------------------------------------------------
232407                          27.50             greater than 10.00
--------------------------------------------------------------------
232375                          27.40                           0.09
--------------------------------------------------------------------
232413                          27.30             greater than 10.00
--------------------------------------------------------------------
232391                          26.50                           2.12
--------------------------------------------------------------------
232385                          21.40             greater than 10.00
--------------------------------------------------------------------
232398                          21.10                           1.59
--------------------------------------------------------------------
232387                          13.80                           0.99
--------------------------------------------------------------------
232402                          12.80                           4.70
--------------------------------------------------------------------
232393                          11.45                           6.87
--------------------------------------------------------------------
232414                           9.19                           0.52
--------------------------------------------------------------------
232408                           7.65                           3.12
--------------------------------------------------------------------
232392                           6.96                           4.67
--------------------------------------------------------------------
232412                           6.36             greater than 10.00
--------------------------------------------------------------------
(i) All rock sample carbon analyses performed by ALS Laboratory Group in    
this survey (ALS code C-IR06) are delivered as organic carbon (Corg) assays 
but are expressed here as graphitic carbon (Cgr) based on the assumption    
that all carbon contained in the highly metamorphosed rocks is held within  
graphite with no carbon as organic matter.                                  



Following to the initial reconnaissance, the Graphi-Centre showing area was the
subject of a 37.8 line-km horizontal loop electromagnetic ("HLEM") ground
geophysical survey conducted by G.L. Geoservices Inc. of Rouyn-Noranda, Quebec.
The interpreted HLEM conductors (submitted by Geophysique Camille St-Hilaire of
Rouyn-Noranda) suggest the presence of km-scale graphite-bearing structures
within the survey area. They will also help to assess the width of the
mineralization found in the Graphi-Centre showing area.


Lac Guinecourt graphite property

The Lac Guinecourt graphite property consists of seventy-four (74)
map-designated mining claims covering a total of 4012.31 ha and is held 100% by
Focus. The Property is located 20 km southwest from the Manicouagan Reservoir,
about 220 km north from the city of Baie-Comeau in the Cote-Nord administrative
region, of Quebec. The property is easily accessible year-round through a
network of main logging roads starting from Highway 389. The portion of the
Property surveyed in 2012 holds the historical Graphi-Centre graphite showing
discovered by SOQUEM Inc. and Quinto Technology Inc. (now Cliffs Natural
Resources) in 2002 while exploring the geological corridor hosting the Lac
Gueret deposit which is located 17 km north. The Lac Gueret deposit held by
Mason Graphite Inc. (Mason) hosts a National Instrument (NI) 43-101 compliant
Measured and Indicated mineral resource of 7.6 Mt grading 20.40% Cgr (Source:
Roche, 2012: Technical Report on the Lac Gueret Graphite Project; available at
www.sedar.com) which formed the basis of a recent positive Preliminary Economic
Assessment study (see Mason press release dated April 22, 2013 available at
www.sedar.com).


Geological settings and mineralization

The Lac Guinecourt property is located in the Grenville geological Province. The
Property is underlain by sedimentary rocks of the Nault Formation which were
metamorphosed to quartz-feldspar-biotite schists and paragneisses. Metamorphism
associated with the Grenvillian orogeny has resulted in the formation of
economic grade concentrations of graphite dominated by value-enhanced large
flakes. Fine to coarse graphite flakes and associated sulphides make up 10-40%
of the rocks with up to 40% in strongly mineralized zones. In the area of
sampling, up to 21 samples containing more than 5% Cgr are enclosed in a
regionally interpreted 2 by 3 km fold structure. Samples were analyzed for
organic carbon, sulfur and traces elements. 


Maps showing the location of the Lac Guinecourt project as well as the
Graphi-Centre showing area are available on the Company's website at
www.focusgraphite.com.


Quality assurance / Quality control 

The Lac Guinecourt exploration program is supervised by Benoit Lafrance, Ph.D.,
geo (Quebec), Focus Vice-President of Exploration and a Qualified Person under
NI 43-101. Strict quality control protocols have been applied at the field
sampling, sample handling and analytical stages. Mineralized internal standard
and blank materials have been inserted in all samples batches. All assays were
performed by ALS Laboratory Group ("ALS") at ALS' Val-d'Or and Vancouver
laboratories. ALS is an ISO 9001:2008 and ISO 17025 qualified assayer that
performs and makes available internal assaying controls. Organic carbon content
is measured on representative 0.1-0.2 g samples digested in dilute hydrochloric
acid (to remove inorganic carbon) using a LECO carbon analyzer which combines
direct combustion and infrared absorption (ALS Code C-IR06). The LECO detector
response is processed and displayed directly as the percentage of organic carbon
(including graphitic carbon and organic matter). Sulfur and traces elements were
measured by ICP-AES and ICP-MS methods following a four acids (perchloric,
nitric, hydrofluoric and hydrochloric) digestion on a prepared 0.25 g sample
(ALS Code ME-MS61).


About Focus Graphite

Focus Graphite Inc. is an emerging mid-tier junior mining development company, a
technology solutions supplier and a business innovator. Focus is the owner of
the Lac Knife graphite deposit located in the Cote-Nord region of northeastern
Quebec. The Lac Knife project hosts a NI 43-101 compliant Measured and Indicated
mineral resource of 4.972 Mt grading 15.7% carbon as crystalline graphite with
an additional Inferred mineral resource of 3.000 Mt grading 15.6% crystalline
graphite. Focus' goal is to assume an industry leadership position by becoming a
low-cost producer of technology-grade graphite. On October 29th, 2012 the
Company released the results of a Preliminary Economic Analysis ("PEA") of the
Lac Knife project which demonstrates that the project has an excellent potential
to become a producer of graphite. As a technology-oriented enterprise with a
view to building long-term, sustainable shareholder value, Focus invests in the
development of graphene applications and patents through Grafoid Inc.


The technical information presented in this press release has been reviewed by
Benoit Lafrance, Ph.D., geo (Quebec), Focus Vice President of Exploration and a
Qualified Person under NI 43-101.


Forward Looking Statements - Disclaimer

This news release may contain forward looking statements, being statements which
are not historical facts, and discussions of future plans and objectives. There
can be no assurance that such statements will prove accurate. Such statements
are necessarily based upon a number of estimates and assumptions that are
subject to numerous risks and uncertainties that could cause actual results and
future events to differ materially from those anticipated or projected.
Important factors that could cause actual results to differ materially from the
Company's expectations are in our documents filed from time to time with the TSX
Venture Exchange and provincial securities regulators, most of which are
available at www.sedar.com Focus Graphite disclaims any intention or obligation
to revise or update such statements.



FOR FURTHER INFORMATION PLEASE CONTACT: 
Focus Graphite Inc.
Mr. Gary Economo
President and Chief Executive Officer
613-691-1091, ext. 101
geconomo@focusgraphite.com
www.focusgraphite.com

Focus Graphite (TSXV:FMS)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024

Focus Graphite (TSXV:FMS)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024