Saint Jean Carbon Commences Summer Mining Claims Work Programs
OAKVILLE, ONTARIO--(Marketwired - Jun 15, 2016) - Saint Jean Carbon Inc. ("Saint Jean" or the "Company") (TSX VENTURE:SJL), a carbon science company engaged in the exploration of natural graphite properties and related carbon products, is pleased to announce the company has started its summer mining claims work programs to be carried out over all of the Company's south western Quebec graphite mining claims, including our newly acquired Bell property. The work program will include; beep-mapping, multiple sampling points, drilling and flying over the claims to search and locate strong and wide graphite mineralization.
Paul Ogilvie, CEO, commented: "We are pleased to get back on to our properties to continue working toward and better understanding the characteristics of the graphite and associated minerals throughout our vast holding of prospective exploration properties. Our material is performing very well in lithium batteries, (as previously announced in April 7, 2016 press release). Our goal now is to demonstrate that we can reproduce the same results with a much larger sample and blended material from about 95 different areas. It is important to duplicate the success we have previously had so we can then scale these processes".
Christian Derosier, PGeo, PhD., who is the qualified person (QP) acting on behalf of Saint Jean Carbon has reviewed and approved the information in this news release, and commented: "We look forward to completing this work. This is the first step in a four step process that will lead us in the future to determine our mineral resources. We hope to discover new zones that could increase the economic potential. The first, of the four work programs should be completed within four weeks."
The company also would like to announce that it has entered into agreements for various other graphite property claims that should be announced by June 30th.
About Saint Jean
Saint Jean is a publicly traded carbon science company, with interest in graphite mining claims in the province of Quebec in Canada. For information on Saint Jean's properties and the latest news please go to the website: http://www.saintjeancarbon.com/
On behalf of the Board of Directors,
Saint Jean Carbon Inc.
Paul Ogilvie, CEO and Director
Neither 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.
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Saint Jean's business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "intends" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
These forward-looking statements are based on current expectations, and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially. The forward-looking statements in this news release assume, inter alia, that the conditions for completion of the Transaction, including regulatory and shareholder approvals, if necessary, will be met.
Although Saint Jean believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that these expectations will prove to be correct.
Statements of past performance should not be construed as an indication of future performance. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors, including those discussed above, could cause actual results to differ materially from the results discussed in the forward-looking statements. Any such forward-looking statements are expressly qualified in their entirety by this cautionary statement.
All of the forward-looking statements made in this press release are qualified by these cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and Saint Jean assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws.
