Northern Graphite Awarded Quebec Government Exploration Grant for Lac des Iles

Source: www.gulfoilandgas.com 6/27/2024, Location: North America

Northern Graphite Corporation (the "Company" or "Northern") is pleased to announce a grant from Québec's Ministère des Ressources Naturelles et des Forêts (MRNF) for the Company's drilling program at Lac des Iles.

The grant for up to C$400,000 will pay 50 percent of eligible expenses for geo-metallurgical and geo-environmental drilling to be carried out this year on the Company's Lac des Iles mining lease.

This financial support was granted as part of the fourth call for projects of the MRNF's Mineral Exploration Support Program for Critical and Strategic Minerals. The Program is designed to help companies in the field of mineral exploration to carry out development projects aimed at the discovery of quality critical and strategic mineral deposits in Québec.

"We are proud to have been selected to participate in this program and to be a part of Québec's Plan for the Development Critical and Strategic Minerals," said Northern Chief Executive Officer Hugues Jacquemin. "This kind of support is critical to our Company and to the province's miners as Québec pursues its energy and technological transition and the development of a greener economy."

Northern is in the process of completing a new reserve estimate for Lac des Iles that the Company believes will show potential to extend the life of the mine by approximately eight years. It will be based on a mineral resource estimate published in January that was based on a Phase I drilling program within the existing LDI lease in October 2023. The program consisted of 88 holes and 7,890 m of drilling and identified significant graphite mineralization which is still open at depth.

"A Phase II program is planned to explore additional target zones identified by an airborne geophysical survey and which are to the west of the existing pit," said Chief Operating Officer Kirsty Liddicoat. "Preliminary results allowed us to announce a potential extension of the life of our mine and we believe our drilling in 2024 will further support this life extension."

Gregory Bowes, B.Sc. MBA P.Geo, the Chairman of Northern, is a "Qualified Person" as defined under National Instrument 43-101 and has reviewed and approved the content of this news release.


Finland >>  1/20/2025 - Exel Composites has achieved the IATF 16949 certification for our Joensuu factory in Finland. This certification will guarantee consistent excellence ...
Norway >>  1/17/2025 - Höegh Autoliners ("Höegh Autoliners" or ticker code “HAUTO”), has secured two long-term contracts with two major international car producers for the t...

Germany >>  1/16/2025 - The BMW Group continues to push ahead with efforts to reduce its environmental impact. One example is plant intralogistics, with the sites at Regensbu...
India >>  1/16/2025 - - Kia Syros SUV records 10,258 pre-orders, continuing impressive momentum following world premiere in December 2024
- New family-focused SUV spec...


United Kingdom >>  1/16/2025 - Global automotive automatic transmission manufacturer JATCO Ltd has provided a major boost to the UK automotive industry by officially opening a new f...
Germany >>  1/15/2025 - Numerous bus operators worldwide are already enjoying the benefits of Voith’s DIWA NXT automatic transmission system – especially for intercity and re...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.