Standard Graphite Identifies Significant Conductors in Line With High-Grade Graphite Occurrence at Preston
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/14/12 -- Standard Graphite Corp. (TSX VENTURE: SGH) (the "Company") is pleased to announce that it has received the results from the airborne electromagnetic (EM) survey on the Preston property located some 65 kilometres south of its flagship Mousseau East property. The survey confirmed that the known graphite occurrence is coincident with an extensive conductor.
The Western Quebec properties are a group of four (4) properties acquired in the fall of 2011 in the Central Metasedimentary Belt of the Grenville Province. Each property is located over a well-established graphite occurrence. In late April 2012, the blocks were flown by Prospectair Geosurveys Inc. of Gatineau, Quebec, to measure the conductive response of the rocks underlying the properties, which may trace the extent of the graphitic horizons. The four properties, Kiamika, Preston, 31 Milles, and Notre Dame are located within 90 kilometres of the Mousseau East property, on which an historical non-NI 43-101 compliant resource has been identified (see press release April 24, 2012).
The Preston graphite occurrence reported historical grades of up to 12% Cg in grab samples (source: MRNF - mineral occurrence database). The trend outlined in the survey shows a more continuous conductor towards the northwest, away from the known occurrence. These results prompted the staking of additional claims further to the northwest. Field crews will mobilize to the area later in June and will prospect the entire conductor axis in search for additional high-grade, large flake graphite occurrences.
Please click the following link for the EM Map for Preston: http://www.standardgraphite.com/i/pdf/Preston.pdf.
Chris Bogart, President and CEO of Standard Graphite, comments: "Preston is particularly interesting, based on the historical high-grade find. We are extremely happy that the occurrence is now part of a trend and could lead to a sizeable discovery."
During the last week of April 2012, an 888 line-kilometre airborne TDEM survey was conducted by Prospectair Geosurveys covering the four (4) properties located in Western Quebec. This was to help evaluate the extent of the known graphite occurrences and aid in the discovery of potentially new mineralizations. These results are part of the initial property coverage designed to assist Standard in orienting the fieldwork. All EM surveys have been completed and the company will release the remaining results as they become available.
Antoine Fournier, P. Geo., manages Standard's exploration and development programs and is the Qualified Person as defined by National Instrument 43-101. He supervised the preparation of the technical information in this release.
About Standard Graphite
Standard Graphite Corp. is focused exclusively on the exploration and development of a large portfolio of flake graphite properties in Canada. The Company is rapidly positioning itself as North America's premier pure-play graphite exploration company and it controls 100% interest in 13 highly prospective graphite properties within known graphite districts in both Quebec and Ontario. An aggressive 2012 exploration strategy has commenced and will be implemented by a geologic team with the pedigree of a previous world-class graphite discovery.
ON BEHALF OF THE BOARD
Chris Bogart, President & CEO
Cautionary Statement:
The foregoing information may contain forward-looking statements relating to the future performance of Standard Graphite Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Standard Graphite Corp.'s filings with the appropriate securities commissions.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Standard Graphite Corp.
Chris Bogart
President & CEO
(604) 683-2509
(604) 683-2506 (FAX)
info@standardgraphite.com
www.standardgraphite.com
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