Business
Goldcore Resources Provides Berkwood Graphite Project Update
January 12th, 2021 - TheNewswire - Vancouver, B.C. - Goldcore Resources Ltd (TSXV:GEM) (FSE:BK2P) (WKN:A2QENP) (“Goldcore” or the “Company”) looks forward to an
About this update from First Canadian Graphite Inc.
[{"type":"text","content":"January 12th, 2021 - TheNewswire - Vancouver, B.C. - Goldcore Resources Ltd (TSXV:GEM) (FSE:BK2P) (WKN:A2QENP) (“Goldcore” or the “Company”) looks forward to an estimated 500 percent forecasted increase in demand for Graphite as the world’s Auto manufacturers turns towards Electric Vehicles (EVs). One of the main minerals used in Lithium-Ion batteries is graphite. In an interview with Elon Musk, he confirms this point. “Our batteries should be called Nickel-Graphite because it's mostly Nickel and Graphite.” Elon Musk – Tesla CEO This projected increase in demand for graphite will bode well for graphite explorers and producers that have the correct type of graphite that makes up the anode, the negative side, in Batteries. Electric vehicle batteries require very specific unique types of Graphite. Goldcore has some of the highest grade and largest flake graphite in the world. Over the past five years Goldcore has completed numerous drill programs on its Berkwood Graphite Project, located in Northern Quebec, that has intersected Graphite in every hole. Metallurgy tests have been completed and the Company has some of the highest grade and largest flake Graphite in the world, making our graphite unique. As per the Companies news release dated August 19th, 2019, we have proven up a robust mineral resource of high grade and large flake graphite. - 3.29 million tonnes of Indicated and Inferred Graphite - Average grade of 17% Indicated, 16.5 % inferred. - Our medium graphite averages 80% Large to jumbo flake -Graphite easily purified to 99.95% The majority of natural spherical graphite is produced in China, with their production levels increasing significantly over the past few years, most of which stays in China. Volkswagen, Mercedes Benz, BMW, and the large American Auto manufactures have all pledged that they will move towards replacing the traditional fossil fuel burning cars with clean energy, with Electric Vehicles leading the way. Many governments have mandated all new cars be electric by 2030 to 2040. Goldcore’s graphite is ideal for making Spherical Purified Graphite, the type needed for the anode in batteries. Not only will the demand for graphite be brought on by the large Auto manufacturers for Electric Vehicle batteries but Solar, Wind Farm, geothermal and...