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Mason Graphite Files Mineral Resource Update Technical Report for its Lac Guéret Project
MONTREAL , Jan. 17, 2014 /CNW/ - Mason Graphite Inc. ("Mason Graphite" or the "Company")...
About this update from Transoceanic Investments Inc.
[{"type":"text","content":"\n\n\nMONTREAL, Jan. 17, 2014 /CNW/ - Mason Graphite Inc. (\"Mason Graphite\" or the \"Company\") (TSXV: LLG) has filed a National\n Instrument 43-101 compliant technical report dated January 17, 2014\n entitled \"NI 43-101 Technical Report on the Mineral Resource Estimation\n Update 2013 Lac Guéret Graphite Project, Québec-Canada\" under its\n profile on SEDAR at www.sedar.com and its website at www.masongraphite.com. The comprehensive report combines the details of the mineral resource\n estimate update (the results of which were announced in a news release\n dated December 5, 2013) as well as the results of the Preliminary\n Economic Assessment (published June 6, 2013) (\"PEA\") of the Company's\n 100% owned Lac Guéret Project.\n\n\nReport highlights:\n\n\n\nLarge mineral resource increase in the Measured and Indicated categories\n from 7.6 million tonnes to 50 million tonnes and an increase in mineral\n resources in the Inferred category from 2.8 million tonnes to 11.9\n million tonnes (see Table 1 below for details);\n\n\nExcellent PEA results maintained: first 22 years of production at 27.4 %\n Cg and low operating costs of $390/tonne;\n\n\nEnvironmental baseline study has been completed and the report contains\n the main conclusions showing that there are no environmental issues\n that would prevent the project from moving forward.\n\n\n\nTable 1 - Updated Mineral Resource Estimate on GC Zone, December 5, 2013\n \n\n\n\n\nCategories\n\n\nUnit\n\n\nTonnes ('000)\n\n\nGrade (Cg)\n\n\n\n\n \n\n\n\n\nMeasured (M)\n\n\nU1/U2 (5 to 25 % Cg)\nU3 (> 25 % Cg)\n\n\n4,052\n465\n\n\n13.36%\n33.77%\n\n\n\n\nAll units\n\n\n4,517\n\n\n15.46%\n\n\n\n\nIndicated (I)\n\n\nU1/U2 (5 to 25 % Cg)\nU3 (> 25 % Cg)\n\n\n39,300\n6,207\n\n\n13.01%\n32.32%\n\n\n\n\nAll units\n\n\n45,507\n\n\n15.64%\n\n\n\n\nM + I \n\n\nU1/U2 (5 to 25 % Cg)\nU3 (> 25 % Cg)\n\n\n43,352\n6,672\n\n\n13.04%\n32.42%\n\n\n\n\nAll units\n\n\n50,024\n\n\n15.63%\n\n\n\n\n       \n\n\n\n\nInferred\n\n\nU1/U2 (5 to 25 % Cg)\nU3 (> 25 % Cg)\n\n\n9,224\n2,637\n\n\n13.27%\n30.53%\n\n\n\n\nAll units\n\n\n11,861\n\n\n17.11%\n\n\n\n\n\n\nNotes:  \n\n\nA cut-off grade of 5% Cg was used for this mineral resource estimate.\n\n\n\n\n \n\n\nSee technical report for additional information on mineral resource\n estimation methodo...