Anglo Canadian acquires Graphite claims neighbouring Galaxy Graphite Inc. and Rock Creek Lithium Inc.
Feb 14th, 2013 (via Thenewswire.ca) -- Anglo Canadian Mining Corp. (TSX.V: URA) (the "Company") is pleased to announce that it has acquired, by staking, two claim blocks measuring 240 hectares and 60 hectares, respectively. The claims are adjacent to Galaxy Graphite Inc.'s (TSX.V: GXY) ("Galaxy") Buckingham graphite property located in Quebec. The two claims, referred to as the Windsor claims, are located approximately 500 metres east and 2 kilometres west of Galaxy's Buckingham boundary. The claims are also located west of the Lochaber claims, owned by Rock Tech Lithium Inc. (TSX.V: RCK).Galaxy Graphite Inc., on February 7, 2013, announced results as high as 11.5% graphitic carbon, (ca) with the graphite being big flake and located in marbles in contact with quartzites and biotite gneiss and in shear zones within the quartzites.
Galaxy's Buckingham graphite property comprises two former producing mines, located just east of Buckingham, Que. The property is located in the highly prospective Central Metasedimentary belt of the Grenville geological province, host to many active graphite projects. The host rocks are graphitic crystalline marbles, similar to the host stratigraphy at Timcal's Lac des lles graphite mine, in Northwest Ontario currently Canada's only producing graphite mine. The two properties cover a total of 1,324 hectares on 22 mining claims.
Rock Tech Lithium Inc. announced results February 11, 2013 from work to the west of URA's staked claims, the news included the following, "Recent exploration programs have focused exclusively on four contiguous claims in the southern area of the property near the past-producing Plumbago mine. While surface samples from this area of the property returned up to 13.6 % graphitic carbon (Cg) while surface samples from other areas of the property returned up to 22% Cg."
What is graphite used for?
Traditional demand for graphite is largely tied to the steel industry where it is used as a liner for ladles and crucibles, as a component in bricks which line furnaces ("refractories"), and as an agent to increase the carbon content of steel. In the automotive industry it is used in brake linings, gaskets and clutch materials. Graphite also has a myriad of other uses in batteries, lubricants, fire retardants, and reinforcements in plastics. Graphite is also used by the Aviation industry as well as the sports manufacturing industry.
Industrial demand for graphite has been growing at about 5% per annum for most of this decade due to the ongoing industrialization on China, India and other emerging economies. However, the "blue sky" for the graphite industry is the incremental demand that will be created by a number of green initiatives including lithium batteries, fuel cells, solar energy, semi conductors, and nuclear energy. Many of these applications have the potential to consume more graphite that all current uses combined.
Aviation industry as well as the sports industry the market for graphite exceeds one million tonnes per year ("Mtpy") of which 60% is amorphous and 40% flake. Only flake graphite which can be upgraded to 99.9% purity is suitable for making lithium batteries. The graphite market is almost as large as the nickel market (1.3 Mtpy), far larger than the markets for magnesium (429 Mtpy), molybdenum (180 Mtpy) or tungsten (55 Mtpy), and more than 50 times the size of the lithium or rare earth markets.
Graphene - and its uses
A graphite flake is actually like a deck of cards, it consists of many flakes with weak bonds between them. If a graphite flake is delaminated to its lowest common denominator, you are left with a one atom thick, transparent, conductive sheet of carbon atoms arranged in hexagonal rings or a honeycomb pattern. That is graphene. Scientists at the University of Manchester won the Noble Prize in Physics in 2010 for isolating graphene. Graphene's structure gives it unique optical, thermal, mechanical and electrical properties which benefits engineered structures because of properties that make it stronger and more flexible then steel, conducts heat 10 times faster than copper and can carry 1,000 times the density of electrical current of copper wire. Graphene is stronger than diamonds, yet can be stretched by a quarter of its length and is flexible. This is a truly remarkable material with many exciting potential applications.
It is expected that graphene will be used in the evolution of LCD touch screen technology, the creation of super small transistors, super dense data storage, energy storage, and solar cells to name a few. The substance has been proven superior to silicon for integrated circuits and has the potential to make transistors that can operate at terahertz speeds. IBM has already developed a transistor using graphene that operates at more than twice the speed of silicon transistors of comparable size. Given that this design was a proof of concept design rather than a design for optiomal commercial use, researchers believe they can make them faster still.
Graphene is also being touted as the future for outer space. While extremely thin it can wrap and anchor itself securely around ceramic grains during manufacturing and toughen silicon nitride ceramics by up to 200 %. The growth of research and publications on graphene has been remarkable and according to a Georgia Tech professor there are currently nearly 200 companies including Intel and IBM involved in graphene research. In 2010 it was the subject of about 3,000 research papers. The European Union and South Korea have recently started $1.5 billion efforts to build industrial scale, next generation display materials using graphene.
The Company plans to further examine the Windsor claims as it is encouraged by the geological similarities and to favourable results its neighboring properties.
About Anglo Canadian Mining Corp.
Anglo Canadian Mining is a junior mineral exploration company with copper, gold and uranium properties in Quebec, Colorado, British Columbia, and Yukon. For more information on the Company and its projects, please visit the website at www.anglocanex.com
ON BEHALF OF THE BOARD OF DIRECTORS
"Len J.Harris"
Len J. Harris, President
T: 604 669 6807 Toll Free: 866 488 3838
E: len@anglocanex.com
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