Focus Graphite Reports Adjustment to Measured and Indicated Mineral Resources at Lac Knife Flake Graphite Project, Québec, Resulting in 42% Increase Relative to 2014 Estimate

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[{"type":"text","content":"OTTAWA, ONTARIO--(Marketwired - March 9, 2017) - Focus Graphite Inc. (TSX VENTURE:FMS) (OTCQX:FCSMF) (FRANKFURT:FKC) (\"Focus\" or the \"Company\") announces a rectification to the Measured and Indicated mineral resources statement released by the Company on January 24, 2017(1) for its 100%-owned Lac Knife flake graphite project, located 27 km south of Fermont, in the Côte-Nord administrative region of northeastern Québec. On February 5, 2017, Focus was informed by AGP Mining Consultants that a correction was applied to the classification model which affected the south portion of the resource estimate announced on January 24, 2017. The correction only affected the internal distribution of the Inferred and Indicated resources in the area covered by the latest infill drilling. The grade estimation was not affected by the change. The 2014 infill drilling program successfully upgraded Inferred resources to the Indicated and Measured categories. The upgraded resources are located to the south and outside of the open pit shell that was used for the 2014 Lac Knife project feasibility study(2) (\"FEAS\"). In the current FEAS mine plan, any additional tonnage located outside of the FEAS open pit shell design would only be mined and processed after the 25-year mine life. Following the adjustment made by AGP Mining Consultants, using a 3.0% graphitic carbon (Cg) cut-off, the revised Measured and Indicated resources at Lac Knife now stand at 13.56 million tonnes grading 14.95% Cg (Table 1). This represents a 42% increase in Measured and Indicated resources compared to the 9.576 million tonnes grading 14.77% Cg reported in the 2014 FEAS (Table 2). The adjustment also translates into a 43% increase in graphite tonnes, from 1.414 million tonnes to 2.027 million tonnes (Table 1). Additionally, there are 840,000 tonnes of Inferred resources grading 13.90% Cg (Table 1). Table 1. Revised Lac Knife Mineral Resource Estimate @ 3.0% Cg cut-off     Tonnage Cg Contained Graphite (t) (%) (t) Measured 447 000 21.45 96 000 Indicated 13 112 000 14.73 1 931 000 Measured + Indicated 13 560 000 14.95 2 027 000 Inferred 840 000 13.90 117 000 Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves. The roundin...

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