Oct 29 2015
American Graphite Technologies Inc. announced today that it has acquired a 100% interest in 84 mineral claims, totalling approximately 4,982 hectares, of prospective graphite claims in the Province of Quebec, Canada.
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LAC ROUGE GRAPHITE PROPERTY
KEY HIGHLIGHTS
- 100% ownership of 84 mineral claims covering approximately 5,000 hectares of land in Quebec, Canada.
- Located within 3 miles of a world class, high-grade graphite deposit (TIMCAL's Lac des Iles mine has been in production since 1989 with a capacity of 25,000 tons of graphite annually. Source: https://www.mern.gouv.qc.ca/mines/industrie/mineraux/mineraux-exploitation-graphite.jsp.
- Underlain by the same geological environment as the TIMCAL mine, consisting of Metasedimentary Belt of the Grenville Province, which includes quartzofeldspathic rocks, quartzite, biotite gneiss, limestone/marble and locally pegmatitic quartzofeldspathic rocks.
- Excellent infrastructure support with road accessibility, located 150km from Montreal. Water, power and manpower are all available locally.
- Available airborne geophysical data from MRNF indicates a large magnetic anomaly on the property, which can be a potential target for future graphite exploration work. The anomaly covers an area of approximately 4 square kilometres.
LOCATION
The Lac Rouge Graphite Property (the "Property") consists of 84 mineral claims in one contiguous block totaling 4,982 hectares of land near the town of Mont-Laurier in southern Québec. It has excellent infrastructure support and is easily accessible from a provincial highway (Route 117) from Montréal. The town of Mont-Laurier is located about 20km to the north; Montréal is 150km to the southeast, and Ottawa 125km to the south of the Property. Mont-Laurier is also connected to Montreal via rail. Water, electricity and mining related work force are available locally. Graphite is commonly found in the Granville Province rocks throughout this region and has been commercially mined from a number of deposits located between Mount Laurier in the north to the Ottawa River in the south.
HISTORY
The Property and the surrounding area, considered prospective for large flake, crystalline graphite, have a historic record of exploration. Numerous flake graphite occurrences in the adjacent areas are some of the oldest graphite showings in Canada, having been discovered in the late 1800s and early 1900s when there was a considerable interest in graphite due to its properties as a lubricant in the automobile industry. The Quebec Ministry of Energy and Mines (MRNF) maintain a record of past exploration and development work carried out on mineral claims.
SURVEY WORK
AGIN are arranging with and have appointed a Geologist in charge for initial geological investigation and prospecting work to begin as soon as possible. This work will help to develop a detailed graphite exploration plan on the property.