Galaxy Graphite declared that a Phase 1 exploration campaign has been successfully completed on the Laurier Graphite Project located in Ontario, Canada. The program has confirmed the reports obtained from the prior work on the property, which shows the existence of a high-grade graphite zone, grading up to 22% graphite.
Operation was conducted on just a small region of the property to confirm the data received from the Ontario Geological Survey (OGS) Open File Report 5649 of the year 1987. "Graphite in the Central Gneiss Belt of the Grenville Province in Ontario" is the title of the report.
The company carried out a program, which included a Line cutting and Magnetometer - VLF Surveying. This survey produced a conductor axis, which was clearly defined at the middle of the grid and this grid corresponds to a magnetic high. The VLF anomalies and the magnetometer are in line with the OGS mapped graphite zone.
Abundant graphite was discovered through mapping and prospecting and occurs in a quartz-feldspar-graphite- biotite schist metasedimentary unit outcropping in the grid’s center. Assays of 3% to 22% were obtained from channel sampling of outcrops found across and along the zone’s strike.
Vancouver-based Acme Metallurgical performed the analytical work, and Meegwich Consultants and Galaxy staff conducted the geophysical work. Galaxy staff also collected the channel samples.
The President of Galaxy, Chris Healey stated that similar to what the OGS informed in 1987, this exploration program has validated that this property includes a high-grade graphite zone.
Source: http://galaxycapitalcorp.com/
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