Goldcore Resources Ltd. commences shipping Graphite for preparation to build a test battery
Goldcore Resources Ltd. (TSXV:GEM) (FSE:BK2P) (WKN:A2QENP) ("Goldcore" or the "Company") is pleased to announce that several tonnes of graphitic rock sample collected over the past four years from the Company's drill programs, as well as surface trenching programs are presently in transit to Base Metallurgical Laboratories Ltd. ("Base Metallurgical" www.basemetlabs.com) to be processed to produce approximately 1,000 kg of graphite concentrate. This material will be used to produce battery anode material for the making of test batteries. Base Metallurgical will crush, float and clean the graphitic rock sample material from Goldcore's Berkwood Graphite project located in Northern Quebec. Base Metallurgical are considered one of the leading industry experts in their field and have extensive experience in the flotation concentration process.
Michel Robert states, "Base Metallurgical is well known for it's mineral processing expertise, based on many years of industrial experience."
The concentrate produced by Base Metallurgical will be sent to ProGraphite to purify to 99.95% (See News Release dated August 27th, 2019), and to make spherical graphite and further to coat the graphite for application in the anode components of test batteries.
Spheroidization of natural graphite is important in a battery as it increases the availability of conductive surface area that improves battery efficiency owing to increased graphite packing density in the anode, whilst coating the spherical graphite, slows oxidation of the graphite to extend the number of recharging cycles and the life of the battery.
CEO Tom Yingling states: "I am very pleased to have commenced shipping of our Graphite to Base Metallurgical as it is a key step towards getting our Graphite prepared for testing in Lithium Ion Batteries. It will also move us closer towards getting the 1,000 kgs we need in order to commence shipping 15 kg parcels of the Company's High Grade Graphite to Lithium Ion Battery manufacturers and or other consumers of Graphite, which is one of the key steps to potentially securing an offtake agreement."
Qualified Person: Mr. Dave Kelsch, P.Geo. is a Qualified Person ("QP") as defined by National Instrument 43-101 guidelines, and he has reviewed and approved the technical content of this news release.
About the Company: Goldcore Resources is managed by a team with over 150 years collectively with a proven track record of not just finding numerous mines but building and operating them too. The Goldcore management team's most recent success is the discovery of the Berkwood Graphite resource in Northern Quebec. Goldcore owns this asset 100 percent and the Company's shareholders will benefit from this asset as the demand for Graphite for electric vehicles increases significantly.
On Behalf of the Board of Directors
'Thomas Yingling'
President, CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
or 1-604-343-7740
info@goldcoreresources.com www.goldcoreresources.com
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect.
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.
