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Mason Graphite Announces Positive Drill Results including 31 meters at 24.3 % Cgr and 113 meters at 15.5 % Cgr
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About this update from Transoceanic Investments Inc.
[{"type":"text","content":"\n\n\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY\n CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./\n\n\n\n\n\nMONTREAL, Feb. 28, 2013 /CNW/ - Mason Graphite Inc. (\"Mason Graphite\" or the \"Company\") (TSX.V: LLG) reports assay results\n for 36 new drill holes (6,830 meters) from the mineral resource\n expansion program at its Lac Guéret project in northeastern Quebec.\n Significant drill intercepts in this group of results include:\n\n\n\nHole LG-038  intersected 60 meters at 13.2% Cgr and 36 meters at 15.8%\n Cgr\n\n\n\n\nHole LG-039 intersected 113 meters at 15.5% Cgr (including 11 meters at\n 38.7% Cgr)\n\n\n\n\nHole LG-057 intersected 55 meters at 16.4% Cgr (including 16 meters at\n 27.1% Cgr)\n\n\n\n\nHole LG-207 intersected 44 meters at 17.1% Cgr (including 12 meters at\n 31.4 % Cgr) and 28 meters at 16.9% Cgr (including 13 meters at 27.2%\n Cgr)\n\n\n\n\nHole LG-213 intersected 26 meters at 18.1% Cgr and 63 meters at 15.4%\n Cgr\n\n\n\n\nHole LG-215 intersected 31 meters at 24.3% Cgr and 17 meters at 18.3%\n Cgr\n\n\n\n\nHole LG-227 intersected 33 meters at 13.3% Cgr and 76 meters at 12.0%\n Cgr\n\n\n\nBenoît Gascon, CEO of Mason Graphite commented, \"We are very pleased by\n the consistently high grade intercepts in this group of results. The\n mineralized intersections to the South, South-West and North-East of\n the current mineral resource demonstrate strong potential for continued\n growth beyond the current resource envelope and we look forward to\n including these results in the calculation of an upcoming mineral\n resource update.\"\n\n\nThe 36 assay results reported below are part of an exploration program\n that was initiated in July 2012 and completed last November. This drill\n program consisted of 163 drill holes totaling approximately 26,500\n meters and was designed to delineate mineral continuity primarily in\n the GC zone. This zone hosts a National Instrument 43-101 mineral\n resource of 300,000 tonnes at 24.4% Carbon as Graphite (\"Cgr\") in the\n Measured category and 7.3 million tonnes at 20.2% Cgr in the Indicated\n category (see Technical Report dated July 3 2012 for details). \n Complete results and the corresponding collar location map are\n presented below. Results for th...