Mason Graphite Announces Results from 23 Drill Holes; Including 88.5 M of 21% Graphite

About this update from Transoceanic Investments Inc.

[{"type":"text","content":"\n\n\n\n\n\n\n\n\nTORONTO, Nov. 21, 2012 /CNW/ - Mason Graphite Inc. (TSX.V: LLG) (\"Mason\n Graphite\" or the \"Company\") reports assay results for 23 drill holes\n (4,355 metres) from the mineral resource expansion program at its Lac\n Guéret project in northeastern Quebec. Results and the corresponding\n map are presented below. These holes are part of a drilling program\n initiated in July 2012 that was designed to delineate additional\n mineral resources along strike of the GC zone, which hosts the current\n National Instrument 43-101 mineral resource of about 300,000 tonnes at\n 24.4% Carbon as Graphite (\"Cgr\") in the Measured category and 7.3\n million tonnes at 20.2% Cgr in the Indicated category (effective as of\n June 22, 2012). The Company is awaiting results from an additional 34\n drill holes (about 6,500 metres), which along with the 23 holes\n presented below will be included in its database to calculate an\n updated mineral resource estimate that is planned for completion in\n early 2013.\nSignificant graphite intercepts in this round of results, include:\n\n\nHole LG-44 intersected 96.0 metres at 16.9% Cgr\n\nHole LG-50 intersected 52.3 metres at 22.4% Cgr and 12.4 metres at 17.5%\n Cgr\n\nHole LG-53 intersected 43.5 metres at 20.0% Cgr, 16.5 metres at 15.7%\n and 88.5 metres at 21.0% Cgr\n\nHole LG-61 intersected 13.5 metres at 20.2% Cgr, 13.5 metres at 17.5%\n Cgr and 13.5 metres at 24.7% Cgr\n\nHole LG-231 intersected 33.0 metres at 19.1% Cgr\n\n\n\n\n\nBenoît Gascon, CEO of Mason Graphite commented, \"We are very pleased\n with the progression of our drilling program with over 26,600 metres\n completed since July. We plan to include approximately 11,000 metres of\n this program in an updated mineral resource which is expected for\n completion in early 2013, and the remaining results will be included in\n a second mineral resource update later in the first quarter of 2013.\n The initial results from 23 holes were all drilled at the border and\n beyond the boundaries of the July 2012 mineral resource calculation and\n we are very encouraged by the apparent continuity of high quality\n graphite mineralization extending to the south-east and south-west of\n this area.\"\n\n\nRoche Ltd. Consulting Group, who completed the Company's National\n Instrument 43-101 mineral resource estimate in July 2012, ...

More updates from Transoceanic Investments Inc.