NI 43-101 - Graniz Mondal

Transcription

Technical report
(NI 43-101 compliant)
and
resources estimate
on the
Mousseau West Graphite Property
(Brunet and Mousseau Townships)
Mont-Laurier area, Province of Quebec
VOLUME I
Prepared for: Graniz Mondal Inc.
By:
Consultations Géo-logic
Alain Tremblay, geol. eng.
Yvan Bussières, geol. eng
September 24, 2013
Geological Description of the Mousseau West Property
Page: i
Graniz Mondal Inc. 201302-002
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Table of Contents – Volume I
1.0 SUMMARY ................................................................................................................................................................ 1 2.0 INTRODUCTION...................................................................................................................................................... 4 3.0 RELIANCE ON OTHER EXPERTS....................................................................................................................... 5 4.0 PROPERTY DESCRIPTION AND LOCATION................................................................................................... 6 5.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY .... 11 6.0 HISTORY ................................................................................................................................................................. 12 7.0 GEOLOGICAL SETTING AND MINERALIZATION ...................................................................................... 17 7.1 REGIONAL, LOCAL AND PROPERTY GEOLOGY ........................................................................................................ 17 7.2 MINERALIZATION ................................................................................................................................................... 21 8.0 DEPOSIT TYPE ...................................................................................................................................................... 24 9.0 EXPLORATION...................................................................................................................................................... 27 10.0 DRILLING ............................................................................................................................................................. 28 11.0 SAMPLE PREPARATION, ANALYSES AND SECURITY............................................................................. 34 11.1 SAMPLING METHOD DESCRIPTION........................................................................................................................ 34 11.1.1 Sample preparation...................................................................................................................... 34 11.1.2 Sample type.................................................................................................................................. 34 11.1.3 Sample characteristics.................................................................................................................. 34 11.1.4 Sample adequacy ......................................................................................................................... 34 11.2 PREPARATION AND SAMPLE ANALYSIS ................................................................................................................ 34 11.3 ASSAY QUALITY CONTROL .................................................................................................................................. 35 11.3.1 Duplicates ..................................................................................................................................... 36 11.3.2 Blanks ........................................................................................................................................... 36 11.3.3 Standards...................................................................................................................................... 36 11.3.4 ALS Chemex duplicates................................................................................................................. 37 11.3.5 ALS Chemex Blanks....................................................................................................................... 37 11.3.6 ALS Chemex Standards ................................................................................................................. 37 11.4 AUTHORS’ OPINION ON ANALYSIS QUALITY ........................................................................................................ 38 12.0 DATA VERIFICATION ....................................................................................................................................... 45 _____________________________________________________________________________________
Consultations Géo-Logic
September 24, 2013
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12.1 CONTROLS AND VERIFICATION MEASURES .......................................................................................................... 45 12.2 LIMITATIONS OF DATA VERIFICATION .................................................................................................................. 45 12.3 AUTHORS’ OPINION ON THE ADEQUACY OF THE DATA ........................................................................................ 45 12.4 DATA FROM GRAPHICOR 1989-90 ........................................................................................................................ 45 13.0 MINERAL PROCESSING AND METALLURGICAL TESTING .................................................................. 48 14.0 MINERAL RESOURCE ESTIMATES ............................................................................................................... 49 14.1 HISTORICAL RESOURCES ...................................................................................................................................... 49 14.2 2013 GRANIZ RESOURCE ESTIMATE ..................................................................................................................... 50 14.2.1 Database....................................................................................................................................... 50 14.2.2 Grid .............................................................................................................................................. 50 14.2.3 General key assumptions of the geological model ...................................................................... 51 14.2.3 Geological model.......................................................................................................................... 52 14.2.4 Methodology and parameters of the resource estimate............................................................. 52 14.2.5 The A, B and C block categories ................................................................................................... 53 14.2.6 Resource classification ................................................................................................................. 53 14.2.7 Zonation of the mineralization..................................................................................................... 54 14.2.8 Other important considerations.................................................................................................. 55 15.0 TO 22.0: THESE ITEMS DO NOT APPLY TO THIS REPORT ..................................................................... 56 23.0 ADJACENT PROPERTIES ................................................................................................................................. 56 24.0 OTHER RELEVANT INFORMATION.............................................................................................................. 58 25.0 INTERPRETATION AND CONCLUSIONS...................................................................................................... 59 26.0 RECOMMENDATIONS....................................................................................................................................... 61 26.1 RECOMMENDED WORK ......................................................................................................................................... 61 26.2 BUDGET ................................................................................................................................................................ 63 27.0 REFERENCES....................................................................................................................................................... 64 28.0 DATE AND SIGNATURE .................................................................................................................................... 67 _____________________________________________________________________________________
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List of Figures
FIGURE 1: GENERAL LOCATION MAP.............................................................................................................................. 8 FIGURE 2: CLAIMS MAP .................................................................................................................................................. 9 FIGURE 3: HISTORICAL WORKS ON MOUSSEAU EAST AND MOUSSEAU WEST ............................................................... 14 FIGURE 4: REGIONAL GEOLOGY ................................................................................................................................... 18 FIGURE 5: EM CONDUCTORS......................................................................................................................................... 20 FIGURE 6: NODULAR GRAPHITE IN CALCITIC MARBLE ................................................................................................... 22 FIGURE 7: MAIN GRAPHITE MINERALIZATION IN THE PROVINCE OF QUEBEC ................................................................ 26 FIGURE 8: DRILLHOLE LOCATIONS ............................................................................................................................... 32 FIGURE 9: DUPLICATE SAMPLE ..................................................................................................................................... 39 FIGURE 10: BLANK SAMPLE.......................................................................................................................................... 40 FIGURE 11: STANDARD SAMPLE ................................................................................................................................... 41 FIGURE 12: ALS CHEMEX DUPLICATE SAMPLE ............................................................................................................ 42 FIGURE 13: ALS CHEMEX BLANK SAMPLE................................................................................................................... 43 FIGURE 14: ALS CHEMEX STANDARD SAMPLE ............................................................................................................ 44 FIGURE 15: MOUSSEAU WEST GRID AND DRILL HOLES ................................................................................................. 51 FIGURE 16: 2012 STANDARD GRAPHITE RESULTS ........................................................................................................ 57 List of Tables
TABLE 1: MOUSSEAU WEST PROPERTY – CLAIMS LIST ................................................................................................ 10
TABLE 2: EXPLORATION HISTORY OF THE MOUSSEAU WEST PROPERTY ...................................................................... 16
TABLE 3: DRILLING PARAMETERS, 2013 DDH ............................................................................................................. 29
TABLE 4A: GRAPHITE ZONE INTERCEPTS, 2013 DDH................................................................................................... 30
TABLE 4B: GRAPHITE ZONE INTERCEPTS, 2013 DDH................................................................................................... 31
TABLE 5: TWIN HOLE COMPARISON – 1990 VS 2013 HOLES .......................................................................................... 46
TABLE 6: HOLES FOR R-1 ............................................................................................................................................. 62
TABLE 7: HOLES FOR R-2 ............................................................................................................................................. 62
List of Appendices
Appendix I-A:
Vertical sections of the Mousseau West mineralization
Appendix I-B:
Asbury and Lac-des-Iles geological complexity
Appendix I-C:
Resource estimate details
Table of Contents – Volume II
Appendix II-A:
Geological Logs
Appendix II-B:
Assays certificates
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1.0 Summary
The Mousseau West property consists of twelve (12) claims totalling 488.9 ha. It is located in
NTS sheet 31J/10 and 31J/11, straddling the boundary between the Brunet and Mousseau
Townships some 12 kilometres north of the town of Ste-Véronique, in the Mont-Laurier area of
Québec. The claims registered in the name of Richard-Marc Lacasse are currently under Option
by Graniz Mondal Inc. and do not required work until March 2015. The property is readily
accessible by good logging roads and was visited by one of the authors several times between
February and May 2013.
The original graphite discovery on the property dates back to 1980-83 during road building
alongside Oat Lake. In 1984, the first exploration work was initiated on a four-claim block
owned by two prospectors, covering part of the Mousseau West property. At that time,
geological and EM surveys followed by Winkie drilling confirmed the extension of the graphite
showing. Grab samples revealed up to 22% graphitic carbon. The property was registered under
the name of Harkema Industries Ltd.
In 1989, Graphicor bought the original four claims from Harkema Industries and staked 44 new
claims. At that time, the entire Mousseau property totalled 768 ha. An exploration program
including line cutting, geology and MaxMin and Mise-à-la-masse surveys followed by stripping,
sampling and diamond drilling was initiated in 1989. During 1989-90, 127 holes were drilled on
Mousseau East and West. Holes depth generally ranged from 50 to 80 metres. This work
resulted in the delineation of both the Mousseau East and the Mousseau West deposits. On
Mousseau West, 57 holes totalling 4,202 metres were drilled.
Following the 1989-90 drilling program, two bulk samples, one of 15 tonnes on Mousseau East
and one of 12 tonnes on Mousseau West, were taken and sent to the Centre de Recherche
Minérales (CRM) for recovery and metallurgical testing.
Graphicor also applied for a certificate of authorization in 1990 to carry out development work on
Mousseau East, which consisted mainly of a 50,000-tonne bulk sample. Although it had not
breached any laws, Graphicor had to fight with the municipality of Ste-Véronique and the
Environment Ministry of Quebec in court from October 4, 1990 until September 24, 1993 to
obtain all the required permits, so the bulk sample was never extracted.
At the end of 1993, as the price of graphite became increasingly depressed, Graphicor decided to
stop the project. On October 29, 1993, Indresco Canada Inc. bought all the issued and
outstanding shares of Graphicor and the company was dissolved. On December 7, 1993, all the
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Graphicor mining properties were transferred to Indresco. Indresco later decided to keep the
property on standby, and it was eventually abandoned.
The property was later stake by Falconbridge Ltd. (1999), Ressources Aurter Inc. (2003) and the
Kaminak Gold Corporation/Breakwater Resources Ltd joint venture (2008). Falconbridge and
Kaminak/Breakwater were looking for copper-nickel mineralization on much larger properties so
no work was done on the graphite occurrences. In the case of Aurter, the acquisition was a bid to
promote and sell the property, and only a field reconnaissance was done on the property. No
other work is reported until the property was acquired by R.-M. Lacasse in 2011.
The Mont-Laurier area is located within a multi-kilometre-wide Grenvillian metasedimentary belt
that extends along a general northeast trend from southwestern Quebec to the Abitibi region. The
belt is composed of a variety of metasediments, such as biotite, garnet, sillimanite and pyroxene
paragneisses, along with more siliceous horizons, such as quartzo-feldspathic gneisses and
quartzites. Interbedded within these metasedimentary horizons are numerous highly-deformed
marble horizons, along with calco-silicated transition zones between the marbles and the clastic
units. Three main folding events are recognized. These orogenic events created complex
multiphase folding and boudinage of the units, particularly the ductile marbles.
Graphite is frequently associated with metasedimentary units such as biotite gneisses, calcosilicated horizons and calcitic marbles. It occurs as disseminated flakes of various sizes with
typical concentrations in the range of 2-15% Gp.
Drilling completed from 1989 to 1992 by Graphicor indicates that the biotite quartzo-feldspathic
paragneisses constitutes the dominant unit of the property. The graphitic horizon is a marble unit
interbedded within this clastic biotite paragneiss sequence. On both sides of the graphitic marble,
there is a transition zone described in the logs as either quartzite or calc-silicate rock and also
containing graphite flakes. This type of mineralization is similar to the Timcal Lac-des-Iles
graphite deposit currently in production south of Mont-Laurier, and should contain a significant
proportion of large flakes. The schistosity strikes ESE-WNW and dips 40° to the south.
The part of the graphitic horizon called Mousseau West is 250 metres long and lies at the western
end of a two-kilometre long EM conductor. A revision of the Graphicor results in 2012 indicated
a strong potential for an important graphitic mineralization that could easily be accessible by
open pit mining. In 2013, after completing an EM geophysical survey, 27 holes totalling 3,300
metres were drilled by Graniz Mondal Inc. Results confirmed and extended the graphitic
mineralization from surface to a depth of approximately 150 metres. A first geological model
was produced, indicating a synclinal fold dipping some 45-50 degree to the south.
A resource estimate was prepared including the Graphicor results that were found to be reliable.
Since some local areas are considered to need additional drilling and these areas are distributed
erratically within the mineralized envelope of the geological model, the authors consider the
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current resources to be in the 43-101-compliant inferred category, at 4.1 million tonnes at a grade
of 6.2% Gp. This includes 2.7 million tonnes that are considered to have reached a high level of
definition and do not need additional work (called the A blocks in the resource estimate).
Recommended additional work consists of: 1) completing the drilling on all areas where the
optimal drilling pattern of 25 metres is incomplete (areas of the B and C blocks of the resource
estimate); 2) extend the graphite mineralization to the southeast by drilling on sections spaced at
50 metres; and 3) complete reconnaissance exploration on other parts of the D conductive zone
that appear to be genetically related to the Mousseau West mineralization. Depending on the
Graniz Mondal Inc. strategy, this work can be conducted separately or all together in a single
phase.
The costs associated with this work are: $445,280 for item 1) above; $133,100 for item 2) above;
and $106,700 for item 3) above, for a grand total of $685,080.
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2.0 Introduction
This report has been prepared for Graniz Mondal Inc. It was prepared according to the standards
of disclosure for mineral projects described in detail in National Instrument 43-101A. It contains
an up-to-date summary of scientific and technical information on mineral exploration of the
Mousseau West mineral property located in the Mousseau and Brunet Townships, some 150
kilometres north of Montreal and 50 kilometres east of Mont-Laurier, Québec. The claims of the
property are currently under option to Graniz Mondal Inc. from Richard-Marc Lacasse, who
staked the original claims by map-designation in February 2011. The claims were duly registered
on March 17, 2011.
This report is based on all the federal and provincial public geoscientific data available, most
from the Quebec Department of Natural Resources. These include geological reports and maps,
as well as mining exploration reports kept on file at Quebec’s Ministry of Natural Resources. It
is also based on non-public data acquired during recent work completed by Graniz Mondal Inc. in
early 2013.
During February and March, one of the co-authors, Yvan Bussières, was responsible for the
drilling program on the property. He visited the property often during that period, and returned in
May to survey the holes collars. These visits made him familiar with the general property setting,
as well as all the logistical services available in the area. The property is located in a zone that
allows exploration and mining activities according to the RCM 1 land development plan.
The other co-author, Alain Tremblay, was responsible for the interpretation and modeling of the
graphite mineralization intersected. During the period between 1996 and 2008, he was in charge
of exploration at the Lac-des-Iles Timcal mine, which made him familiar with the graphite
mineralization of the Mont-Laurier area and the reconciliation of geological models and mining
of graphite mineralized bodies.
1
RCM: Regional County Municipality
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3.0 Reliance on Other Experts
The authors did not rely on any other expert in the production of this technical report.
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4.0 Property Description and Location
The Mousseau West property is located in the Laurentian Highlands, north of Montreal and east
of the town of Mont-Laurier, province of Quebec (Figure 1).
The property consists of twelve (12) designated claims totalling 488.9 ha in a block covering the
Mousseau West graphite deposit and contiguous to the north with the claim block that hosts the
Mousseau East graphite deposit (Table 1 and Figure 2). The claims are located in NTS sheets
31J/10 and 31J/11, straddling Mousseau Township (to the east) and Brunet Township (to the
west).
The claims are currently registered in the name of Richard-Marc Lacasse and are all in good
standing, with closest renewal date being March 2015. Renewal dates and assessment work
credits from the public Register of Mining Rights are shown in Table 1.
All the claims are located on Crown land. With the exception of two claims located in the
southeast corner of the property, there is no specific restriction for exploration and mining
activities. The southeast corner of the property (claims 2278448 and 2320828) overlap a territory
designated as a Research and Education Forest, and exploration and mining activities are
therefore subject to prior authorization by the government. The known main graphite
occurrences are not located on these claims. There are currently no environmental liabilities
related to the property. Risks and other factors that might affect access, title or the right or ability
to perform work on the property are described in Section 24 of the report.
The property has not been surveyed. Claim boundaries are based on the government maps used
for claim designation.
As mentioned above, the claims are registered in the name of R.-M. Lacasse. However, there is
an existing agreement stating that the 100% interest in the claims is divided as follows: RichardMarc Lacasse 45%, Berthe Lambert 45% and Donald Théberge 10%. These individuals (the
Vendors) concluded an Option agreement with Graniz Mondal Inc. on December 12, 2012, as
described below.
Graniz can earn a 75% interest in the claims under the following conditions:
A) Payments
Before December 21, 2013: -
Payment of $190,000 in cash to the Vendors
Issuance of 3,000,000 common share of Graniz to the Vendors
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Before December 21, 2014: -
Payment of an additional $25,000 in cash to the Vendors
Issuance of an additional 1,000,000 common share of Graniz to
the Vendors
As of August 31, 2013, 2,000,000 common shares of Graniz had been issued to the Vendors.
B) Royalty
R.-M. Lacasse and Berthe Lambert retain a total 2% NSR on any future graphite production from
the property.
C) Work on the property
Between December 2012 and December 2014, Graniz must incur a total of $400,000 in
exploration expenses on the property. Until the completion of a prefeasibility study, Graniz,
designated as Operator, must assume all the costs for exploration and/or development and is
responsible of all management aspects of the property, including keeping the claims in good
standing.
At the time of the completion of the prefeasibility study, if the Vendors wish to maintain their
25% interest, they will be asked to contribute 25% of all costs in excess of the first $400,000
already provided by Graniz. If the Vendors decide not to contribute, their interest will be diluted
appropriately, and will eventually be converted into a 0.25% NSR should it reach 10% or less.
As of August 31, 2013, all expenses related to the Mousseau property assumed by Graniz
amounted to approximately $450,000.
D) Other conditions
The Vendors’ 25% interest may be bought back by Graniz for $4.3M in cash.
Graniz has a right of first refusal on any offer related to the Vendors’ 25% interest.
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September 24, 2013
NTS Sheet Title number
Expiry date
Area (Ha)
Accrued
work
Required
work
Mining
duties
NTS 31J10
2278444
March 15, 2011
19.21
$3 875
$500
$28
NTS 31J10
2278445
March 15, 2011
9.72
$3 875
$500
$28
NTS 31J10
2278446
March 15, 2011
28.52
$3 675
$1 200
$54
NTS 31J10
2278447
March 15, 2011
30.05
$0
$1 200
$54
NTS 31J10
2278448
March 15, 2011
58.8
$0
$1 200
$54
NTS 31J10
2278449
March 15, 2011
48.69
$3 675
$1 200
$54
NTS 31J10
2278450
March 15, 2011
55.79
$3 675
$1 200
$54
NTS 31J10
2278451
March 15, 2011
59.08
$3 675
$1 200
$54
NTS 31J11
2278453
March 15, 2011
55.71
$3 675
$1 200
$54
NTS 31J11
2278454
March 15, 2011
57.99
$3 675
$1 200
$54
NTS 31J10
2278455
March 15, 2011
65.34
$4 169
$1 200
$54
NTS 31J11
Total
2320828
12
October 25, 2011
0.02
488.9
$0
$33 970
$500
$11 800
$28
$544
Table 1: Mousseau West Property - Claims list
Claim owner
Constraint
Richard
Lacasse
Richard
Lacasse
Richard
Lacasse
Richard
Lacasse
Richard
Lacasse
Richard
Lacasse
Richard
Lacasse
Richard
Lacasse
Richard
Lacasse
Richard
Lacasse
Richard
Lacasse
Richard
Lacasse
Particular status: Research and
Education Forest
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5.0 Accessibility, Climate, Local Resources, Infrastructure
and Physiography
The Mousseau West graphite property is located some 12 kilometres north of the municipality of
Sainte-Véronique (now a part of the town of Rivière-Rouge). The property can be accessed via
provincial highway 117 followed by the main road that passes through Sainte-Véronique, the
Chemin du Tour du Lac Tiberiade north of the village, the Chemin du lac McCaskill (still a
paved municipal road) and, finally, a gravel logging road. This road crosses the property in an EW direction, and old logging roads branch off to provide access to the site of the workings.
The property is located in the Laurentian Highlands. The topography of the area is characterized
by a moderate relief with small hills up to 50 metres high and a gradual increase in elevation
from about 380 metres in the south part of the property to more than 520 metres at the northern
edge of the property. Small lakes and ponds are found on the property, which generally drains
southward towards Lake McCaskill.
Most of the property was originally covered by a mixed forest dominated by deciduous species.
Large parcels of this forest were logged many years ago and are now covered by an immature
growth of maple trees, white and yellow birches and conifers. The Mousseau West graphite
deposit is found in one of these logged areas.
Supplies, services and manpower are readily available in the nearby municipalities of SainteVéronique and l’Annonciation, which became part of the town of Rivière-Rouge.
The climate in the area is temperate, with well-defined summer and winter seasons. The mean
annual temperature in the area is 2.6° Celsius, with a mean temperature of 17.5° Celsius in July
and -15° Celsius in January. Mean annual precipitation is 812 mm of rain and 203.9 cm of snow.
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6.0 History
Graphite occurrences in the western part of the Grenville geological province in Quebec have
been known of since the 19th century. Massive graphite veins found in contact metamorphism
environments were mined for the most part, but also some disseminated flake graphite horizons.
Traces of numerous small artisanal open-pit operations are still present and a few larger ones
went underground. Most of these graphite occurrences are concentrated in southwestern Quebec,
close to the Outaouais River. Mining these occurrences ceased early in the 20th century.
Demand for graphite in various technologies increased gradually during the 20th century and
exploration for graphite in the greater Mont-Laurier area consequently resumed gradually after
1950.
A well-known graphite occurrence was discovered in 1956 by Italia Copper Inc. along the north
shore of Lac aux Bouleaux, south of Mont-Laurier, but was left undeveloped until the late
eighties. At the time, in light of the estimated potential of this occurrence, Ressources Graphicor
Inc. built and operated a mill, but ceased operating around 1993 due to mineralization continuity
issues. Today, the only graphite producer in Quebec is the Lac-des-Iles mine owned by Timcal,
which started production in 1988. The mine is located just north of the Lac aux Bouleaux deposit
and is probably located in the same stratigraphic horizon. Working as a consultant, one of the
authors was responsible for all exploration work and modeling of the Lac-des-Iles graphite
deposit between 1997 and 2008.
Another important graphite occurrence was at the origin of the Asbury Graphite mine in NotreDame-du-Laus, where production began in 1980 and ended in 1988. Quite a lot of exploration
was done in the early eighties as flake graphite prices reached the top of a cycle. At the time, the
Ministère des Ressources Naturelles du Quebec (MRNFQ) completed four geophysical airborne
surveys aimed at detecting new graphite occurrences.
The Mont Laurier area was first mapped at a large scale by Wynne-Edwards in 1966 (GSC, Map
116). A more detailed preliminary geological map of the Ste-Véronique area was later produced
by M. Rive in 1973 on behalf of the MRNFQ. The final report (RG 182) was edited three years
later, in 1976. This mapping covers the area just south of the Mousseau project area.
The graphitic showing that led to the discovery of the Mousseau East and West orebodies was
uncovered during road building alongside Oat Lake, probably around 1980-1983. In 1984, the
first exploration work was initiated on a four-claim block owned by two prospectors, covering
part of the Mousseau property. At that time, geological and EM surveys followed by Winkie
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drilling confirmed the extension of the graphite showing. Grab samples revealed up to 22%
graphitic carbon. An outcrop area grading 15% graphite over a width of about 5 metres was
visually evaluated. Later on, the property was registered under the name of Harkema Industries
Ltd.
The next work was reported in 1989, when Graphicor bought the original four claims from
Harkema Industries and staked 44 new claims. At that time, the entire Mousseau property
totalled 768 ha. An exploration program in the amount of $330,000 was proposed and included
line cutting, geology and MaxMin and Mise-à-la-masse surveys, followed by stripping, sampling
and diamond drilling. The proposed exploration work was initiated in 1989, with 31 kilometres
of line cutting and MaxMin and Mise-à-la-masse surveying that located three EM conductors
described as probably associated with graphitic horizons. In 1989-90, 127 holes were drilled on
Mousseau East and West (Brunet). Holes depth generally ranged from 50 to 80 metres. This
work led to the delineation of both the Mousseau East and the Mousseau West deposits. On the
graphite occurrence of Mousseau West, 57 holes totalling 4,202 metres were drilled (Figure 3) on
an irregular drilling pattern varying from 25 to 40 metres.
Following the 1989-90 drilling program, two bulk samples, one of 15 tonnes on Mousseau East
and one of 12 tonnes on Mousseau West, were taken and sent to the Centre de Recherche
Minérales (CRM) for recovery and metallurgical testing.
Also in 1990, Graphicor applied for a certificate of authorization to carry out development work
on Mousseau East, which consisted mainly of a 50,000-tonne bulk sample. Although it had not
broken any laws, Graphicor had to fight with the municipality of Ste-Véronique and the
Environment Ministry of Quebec in court from October 4, 1990 to September 24, 1993 to obtain
all the required permits. The court consistently ruled in Graphicor’s favour, but the Environment
Ministry appealed the decision in every case. As a result, the bulk sample was never extracted.
From 1990 to 1993, Graphicor completed a regional helicopter-borne EM survey. Following this
survey, five claim blocks named Cahill, Curières, Tac, Lac Verts and Quatre-Milles were staked
within a 15-km radius of Mousseau property. The usual exploration work, including line cutting,
geology, geophysics and diamond drilling, was done. Several economic graphite intersections
were obtained, but no follow-up work was done.
In 1992, 28 more holes were drilled to obtain a 25-metre drill pattern on Mousseau East.
Surveying was also initiated to outline the boundaries of a mining lease obtained under number
808. During the same period, resources for the Mousseau East and West orebodies were
estimated; these are given in detail later in this report.
Finally, at the end of 1993, as the price of graphite became increasingly depressed, Graphicor
decided to stop the project. On October 29, 1993, Indresco Canada Inc. bought all the issued and
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outstanding shares of Graphicor and the company was dissolved. On December 7, 1993, all the
Graphicor mining properties were transferred to Indresco. Indresco later decided to keep the
property on standby, and it was eventually abandoned.
In 1999, Falconbridge Ltd staked a major claim block that included the current property. A
helicopter-borne EM-Mag survey was flown over the entire property to look for base metals and
gold-bearing structures related to the Ste-Véronique circular intrusive complex. Some minor
copper-nickel mineralization was reported many years ago in ultramafic rocks along the contact
of the intrusive complex. The survey detected the Mousseau graphite zone, as well as a major
conductive zone just south of Oat Lake. The western part of this zone was tested by four holes in
1990 (Graphicor) and is explained by graphitic marbles. Most of this zone is untested (Figure 3).
No more work by Falconbridge is reported.
In 2003, the Mousseau West and East properties were owned by Ressources Aurter Inc. At that
time, Aurter produced a compilation report and completed a prospecting program that included
geological reconnaissance and grab samples. No samples were analyzed. The report was
produced to interest junior exploration companies in optioning the property.
In 2008, the property was staked by the Kaminak Gold Corporation/Breakwater Resources Ltd.
joint venture. The target of this project was similar to that of the 1999 Falconbridge Ltd. project:
copper-nickel mineralization in ultramafic horizons. A new EM airborne survey was flown, but
this time the selected area did not cover the graphite occurrences.
Following the acquisition of the property by R.-M. Lacasse in 2011, a compilation 43-101 report
was produced in May 2012 and additional drilling was recommended. Following the signature of
an Option agreement in December 2012 with Graniz Mondal Inc., exploration work resumed on
the property. Line cutting and HLEM geophysics were completed in January 2013. Between
February and April, Graniz drilled twenty-seven (27) holes totalling 3,300 meters on geophysical
anomaly E, which corresponds to the Mousseau West graphite zone defined by Graphicor in
1990. All these exploration programs are summarized in Table 2.
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September 24, 2013
Year
1984
GM
41493
Author
J. Vroom & S. Harkema
Type of work
Geological mapping
EM Survey
Drilling of four shorts holes (16m)
1989-94
50640
51066
48867
48866
53100
50641
52017
Ressources Graphicor inc
Additional staking
Geological mapping, Max-min surveys
Mise à la masse survey
Stripping, sampling
Drilling 55 holes/4064 metres
Resources estimate
Small bulk sampling (12 tons)
Lab. Milling tests
Environnemental permitting demand
1999
58328
Falconbridge Ltd
Staking
EM-Mag airborne survey
Looking for Cu-Ni mineralization
No follow-up on the property
2003
60536
Ress. Aurter inc.
Geological reconnaissance
Some sampling but no assays
2008
64197
64633
Kaminak Gold Corporation
Breakwater Resources
Staking of a large area including
the current Lacasse property
Helicopter-borne EM survey finishing
just south of the property
2011
Richard-Marc Lacasse
Staking
2012
Richard-Marc Lacasse
43-101 Compilation report
2013
Graniz Mondal Inc
Line cutting (37,9 km)
HLEM Geophysics (35,6 km)
Drilling (27 holes/ 3 300m)
Significant results/comments
Work completed on the property (window)
in the middle of the Lacasse Block,
but on the same E-W conductor
8-12% flake graphite in marbles
Drilling on the western portion of the EM
conductor (approx. 400 metres lateral)
confirm an historical resources estimated
at 597 980 short tons at 7,16%Gp
from the surface to a 40 metres depth.
Looking for Cu-Ni mineralization
No follow-up
Attempt to duplicate of old Graphicor grid
Mousseau West gave best anomaly, but two
other good conductors were identified.
Numerous wide graphitic intersections (see the
current report). Confirmation of the Graphicor
Mousseau West zone.
Table 2: Exploration history on the Mousseau West property
Page: 17
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7.0 Geological Setting and Mineralization
7.1 Regional, Local and Property Geology
The Mousseau West deposit is located in the Grenville Geological Province, an assemblage of
highly metamorphosed and folded rocks, with the last intense metamorphism event estimated at
some one billion years ago. The Mont-Laurier area is located within a multi-kilometre-wide
metasedimentary belt that extends along a general northeast trend from southwestern Quebec to
the Abitibi region.
The belt is composed of a variety of metasediments such as biotite, garnet, sillimanite and
pyroxene paragneisses, along with more siliceous horizons such as quartzo-feldspathic gneisses
or quartzites. Interbedded within these metasedimentary horizons are numerous highly-deformed
marble horizons, along with calco-silicated transition zones between the marbles and the clastic
units. Orthogneisses of various composition and granitic (wide variety) intrusions are found,
along with amphibolite, gabbros and pegmatites. Figure 4 is a compilation map made by Baer,
Poole and Sanford in 1977 (Geological Survey of Canada, map 1334A). It shows the distribution
of marbles (turquoise unit) within the Mont-Laurier metasedimentary basin.
In the Mont-Laurier area, three main folding events are recognized. The first two resulted from
intense east-west compression, while the younger and less intense event produced gentle northsouth undulations. These orogenic events created complex multiphase folding and boudinage of
the units, particularly the ductile marbles.
Graphite is frequently associated with metasedimentary units such as biotite gneisses, calcosilicated horizons and calcitic marbles. It occurs as disseminated flakes with typical
concentrations in the range of 2-15% Gp. Graphite is also present in a more intense geological
environment as semi-massive to massive veins, but in this case the continuity of the
mineralization is simply unpredictable, which explains why the most interesting projects are of
the disseminated type. Graphite flakes from the Mont-Laurier area typically include a major
portion of so-called large flakes. However, the final percentage of larges flakes in a deposit can
only be determined after milling tests, as the nature of the host rock and the grinding needed to
liberate the flakes will influence the proportion of large flakes recoverable.
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The Mousseau West property is located some five kilometres north of the seven-kilometre wide,
circular intrusive body known as the Ste-Véronique intrusive complex, a syenite/pyroxenite
annular intrusion that reconfigured the schistosity locally. As a result, the metasediments on the
property generally strike east-west and dip 30º to 45º south.
Drilling completed from 1989 to 1992 by Graphicor indicated that the biotite quartzo-feldspathic
paragneisses constitutes the dominant host rock of the property. The graphitic horizon is a
marble unit interbedded within this clastic biotite paragneiss sequence. On both sides of the
graphitic marble, there is a transition zone described in the logs as either quartzite or calc-silicate
rock and also containing graphite flakes.
There are no detailed geological maps or sections in the available Graphicor documents. The
knowledge of the geology is mostly supported by geophysical surveys that trace the conductive
zone on the property (and its continuity to the east towards Mousseau East, as this entire area was
part of the 1990 Graphicor property). In GM 52017, Graphicor states that the schistosity on the
property strikes ESE and dips 30º to 45º to the south.
In 2013, a VLEM ground geophysical survey was completed by Graniz Mondal Inc. on most part
of the property, leaving just the eastern extremity uncovered (see Figure 5). The EM anomalies
reported tend to demonstrate that the Mousseau West graphite occurrence is a segment of a more
extensive zone. The Mousseau West graphitic zone would be a limb of a multiphase fold that
continues to the northwest as anomaly D. Whether anomaly D connects with anomalies A, B and
C is not clear at present.
Drilling completed by Graniz in 2013 was concentrated on the main graphite zone corresponding
to anomaly E, where Graphicor identified the Mousseau West deposit (also called the Brunet
deposit).
The results obtained by Graniz suggest the presence of a synclinal fold, dipping some 45° to the
southwest. The calcitic marble unit hosting graphite mineralization would therefore be folded so
that it forms two separated graphitic marble horizons, the limbs of the fold, near surface. As the
limbs dip to the southwest at depth, they join together and form the most important graphitic
concentration in the nose of the fold. A calc-silicated unit carrying more or less graphite is found
on each side of the graphitic marble horizon as it constitutes a transitional zone between a detritic
domain (the gneisses) and the chemical domain (the marbles). This interpretation is presented on
the 25-m spaced sections in Appendix I-A.
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The stratigraphy of the deposit would therefore be a sequence of quartzo-feldspathic biotite
gneisses (found at surface) followed by calc-silicated rocks and then calcitic marbles carrying
graphite. Very limited drilling was completed beyond the deeper graphitic horizons intersections
so it is not possible to confirm whether the biotite gneiss returns as it should. Most of the time,
the holes ended into a calc-silicated rock unit that is usually representative of the transition zone.
Quaternary deposits are mostly composed of sand and gravel, with thicker deposits in the valleys
and thinner coverage on the topographic highs. The Mousseau West deposit corresponds to an
area of thin overburden.
7.2 Mineralization
The Mousseau West zone is located at the western end of the two-kilometre long, roughly eastwest trending electromagnetic (EM) conductor that lies some 100 metres north of Oak Lake
(Figure 5). Previous exploration by Graphicor demonstrated that thinner overburden coverage
occurs at both ends of this conductor, which explains the concentration of exploration activities in
these areas, more favourable for open pit mining.
Geophysics carried out by Graphicor indicated that the main east-west conductor has several
south-trending branches. Subsequent Mise-à-la-masse geophysical surveys indicated that all
these conductive branches were electrically related.
More recent geophysical surveys by Graniz Mondal Inc. (see Figure 5) suggest a conductive zone
adopting the trace of multiphase folding dislocated by late faulting. This is the morphological
model actually retained for geological interpretation.
The part of the graphitic horizon called Mousseau West is an 800-metre long segment of the main
conductor described above that corresponds to anomaly E of the 2013 geophysical survey. It
appears to be truncated at both ends, probably by late NE-SW trending late faults as suggested by
geophysical interpretation.
Conductivity measured by the various geophysical surveys in the area is explained by graphite
within carbonated meta-sedimentary units. The original carbon has been mostly recrystallized as
flakes up to a few millimetres in diameter. Intense deformation of the Grenvillian rocks resulted
in numerous strongly foliated or schistose planes, which, in a graphite rich rock, produce good
conductive zones.
Graphite is associated with carbonated units such as calcitic marbles and calc-silicated rocks.
Both carry graphite flakes, but the calcitic marbles constitute the main host rock. Calc-silicated
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September 24, 2013
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rocks are a transition between truly clastic deposition (gneisses) and truly chemical deposition
(marbles). They tend to be thinner and more erratic than the marbles.
The mineralization of the Mousseau West graphite occurrence is typically a grey to white calcitic
marble containing graphite as disseminated fine to coarse flakes (a few millimetres in diameter).
At Mousseau West, most of the graphitic marbles show a particular nodular texture. Graphite
and some silicated minerals are grouped into rounded agglomerates called nodules, separated
from each other by the calcitic matrix. Two types of nodular textures were distinguished: the
micro nodular with nodules around 3 mm in diameter and the nodular (the most frequent) with
nodules ranging from 0.5 to 4.0 cm. This texture (Figure 6) might be indicative of a low strain
metamorphic environment.
FIGURE 6: NODULAR GRAPHITE IN CALCITIC MARBLE
Nodules form between 10 and 40% of the graphitic horizon. Total graphite in the mineralized
marbles ranges between 2 to 15%, with an average content of around 8%. Locally, some
mineralized horizons may reach 15-20% graphite, but these are not representative of the
mineralization.
Drilling completed to date indicates a tendency to get the better grades (6-10% Gp) in the upper
portion of the mineralized marbles and lower grades (2-5% Gp) in the deeper portion.
Iron sulphides are almost always present, with pyrrhotite more frequent than pyrite, both totalling
around 3-5% of the rock. Some rich graphite sections with 20% Gp were found to contain up to
10% sulphides.
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Thin decametric layers of calc-silicated rocks, quartz-feldspathic gneisses or pegmatitic material
are interlayered locally in the graphitic marbles.
The calc-silicated rocks on each side of the graphitic marbles, the transition zone are composed
mostly of quartz, diopside and calcite, with accessories minerals. They can carry from trace to
15% graphite. They were also called impure quartzites in some logs. These may form part of the
graphite resource locally.
This type of mineralization is very similar to the Timcal Lac-des-Iles graphite deposit currently in
production south of Mont-Laurier. Future production from the Mousseau West mineralization
should yield similar graphite products in term of grade and flake size.
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8.0 Deposit Type
Most crystalline graphite occurrences in the province of Quebec fall into one of two categories:
1) Vein graphite
This type of occurrence attracted attention in the early 20th century. The graphite occurs as
nearly pure, massive veins or lenses. The geological environment is contact metamorphism. The
graphite concentrations are very erratic, difficult to follow and a nightmare for mine planning.
Tonnages extracted were low and most of the operations were abandoned quickly.
2) Flake graphite
Graphite also occurs as flakes a few millimetres wide, disseminated in metasedimentary rocks.
Gneisses or marbles can typically host horizons containing between 2 and 20% graphite, with
pyrite, pyrrhotite, pyroxene and micas as frequent accessory minerals.
While the grade is lower than in vein graphite occurrences, the geological setting is more stable,
so the continuity is easier to establish, even though the Grenvillian geology in which such
occurrences are found is generally complex. This setting is more appropriate for mining, which
explains why all the graphite mining projects are associated with occurrences of this type.
At least two major folding episodes and one minor one deformed the original Grenvillian
sedimentary rocks. Original sedimentary horizons are now highly deformed, particularly where
ductile marbles are concerned. In most of the deposits, deformation is responsible for the
repetition of mineralized horizons and accumulation of graphite mineralization in fold noses.
This natural concentration of the graphitic horizons helps create economic deposits.
Well-known graphite deposits in Grenville province in Quebec are:
Lake Knife: 8.1 million tonnes containing 16.7% Gp as disseminated flakes graphite in a quartzofeldspathic gneiss, with biotite and significant sulphides. This deposit is located in the Fermont
area.
Carmin: 1.3 million tonnes containing 10.4% Gp as disseminated flakes in gneisses and silicated
marbles. This deposit is located west of Mont-Tremblant.
Asbury: This deposit was mined in the eighties. It contained 300,000 tonnes with 10% Gp as
disseminated flake graphite in marbles and gneisses. It was located in Notre-Dame-du-Laus,
south of Mont-Laurier.
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September 24, 2013
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Lac-des Iles Timcal: Located in Lac-des-Iles, south of Mont-Laurier, this deposit is the only
graphite mine operating in Canada. Production started in 1989. Graphite occurs as disseminated
flakes in folded marble units. Reserves are not published but the grade is around 6% Gp.
Lac Guéret: Located on the North Shore, north of Baie-Comeau, this deposit is reported to be
some 1.5 km long with high grade graphite, up to 30% on some sections, in paragneisses and
quartzites.
The Mousseau West deposit appears to be similar to the Lac-des-Iles orebody or Carmin deposit,
as the graphite flakes are mainly disseminated in marbles, compare to the other deposits where
siliceous units such as various types of gneiss host a major part of the mineralization. The
reported historical grade of 7% is also similar to the grade of the Lac-des-Iles deposit.
Figure 7 presents the location of the above graphite deposits, and Appendix I-B shows the
complexity of the structures involved at the Lac-des-Iles and Asbury mines.
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September 24, 2013
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9.0 Exploration
Graniz Mondal Inc. signed the option agreement for the Mousseau West property on December
12, 2012. Since then, the following exploration work has been done on the property.
In January 2013, a new grid was established. The starting point for the 2013 grid and the base
line orientation were the same as the original 1990 Graphicor grid lines, so that the new grid is
similar to the historical one.
In late January, a multi-frequencies VLEM ground geophysical survey was carried out by
Géophysique TMC inc. on most of the property. The surface covered by the survey is shown in
Figure 5 (see also Table 2).
This work was combined with a review of the available and other logistical tasks, such as the
preparation of blank and standard samples for analytic control.
Drilling was carried out on the property between January 25 and March 2, 2013. Details of this
program are presented in the next section.
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10.0 Drilling
Graniz Mondal drilled 27 holes during the winter of 2013 for a total of 3,300 m (see Table 3,
“Drilling Parameters, 2013 DDH”). A total of 1,094 samples were collected and assayed for
carbon (C), of which:
-
737 samples were assayed for iron (Fe) and sulphur (S) content to evaluate their
sulphide content
21 samples were duplicates to check the repeatability of assaying
22 samples were blanks to check for contamination among assays at the laboratory
21 samples were standard mineralized samples to control for sample grade
reproducibility
10 samples were standard mineralized samples assayed to determine their grades
All samples were collected and assayed according to industry standards and are considered
representative. The author does not know of any factor that may have caused sample biases.
The winter drilling program intercepted 67 graphite zones. The intercepts are listed in
Table 4, “Graphite Zone Intercepts, 2013 DDH”.
The purpose of the 2013 winter drill program was to delineate the resources of a graphite
deposit drilled by Exploration Graphicor Inc. in 1989 and 1990. At that time, Graphicor
drilled 57 holes generally spaced at 25-40 metres. The Graniz Mondal drill program was
spaced so that a final 25-metre grid could be achieved, including the Graphicor holes.
Unfortunately, we were unable to locate the Graphicor holes last winter because of snow
coverage and, consequently, the 2013 drilling pattern was not optimal. Many of the 2013
drillholes duplicated the 1990 drillholes (see Figure 8, “Drillhole Locations”). On the
positive side, this meant that we had many 2013 graphite intercepts to compare to the 1990
intercepts to validate the 1990 data. Complete 2013 logs and assay certificates are
presented in Appendix II-A and II-B.
Figure 8, “Drillhole Locations”, shows the location of all 1990 and 2013 drillholes.
Drilling was concentrated between Sections 13+75W and 16+25 W of the grid, in the same
area that Graphicor worked on in 1990.
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Hole Name
Easting1
Northing1
Elevation1
Azimuth
Dip
Length (m)
2013-120
500121.520
5162377.005
402.156
32.8
-87.7
150
2013-121
500131.127
5162345.469
407.065
331.9
-89.4
138
2013-122
500092.324
5162341.363
403.227
40.5
-88.4
144
2013-123
500192.870
5162360.280
410.364
329.0
-89.2
135
2013-124
500206.926
5162441.942
413.963
58.8
-88.5
108
2013-125
500155.074
5162498.553
415.201
163.7
-88.8
129
2013-126
500171.694
5162427.693
411.103
64.7
-89.2
129
2013-127
500155.787
5162443.002
412.076
323.3
-87.2
108
2013-128
500227.254
5162427.078
414.059
284.2
-87.8
99
2013-129
500247.783
5162412.738
413.350
9.1
-89.6
102
2013-130
500270.238
5162401.081
411.198
44.5
-88.2
102
2013-131
500257.424
5162381.481
411.806
20.9
-86.9
90
2013-132
500272.592
5162360.961
411.131
91.1
-89.4
90
2013-133
500285.732
5162330.375
411.540
9.6
-88.6
102
2013-134
500301.490
5162366.593
411.738
350.7
-89.1
117
2013-135
500210.506
5162338.683
410.683
332.2
-87.2
159
2013-136
500175.142
5162376.470
408.243
100.6
-87.7
111
2013-137
500159.843
5162401.883
408.079
337.3
-87.8
120
2013-138
500121.947
5162439.931
406.429
343.4
-86.6
183
2013-139
500090.083
5162428.777
401.345
1.6
-89.3
141
2013-1402
500193.000
5162410.000
412.500
75.5
-88.0
102
2013-141
500208.727
5162391.778
412.059
83.0
-87.7
120
2013-142
500222.767
5162372.280
411.091
353.8
-88.3
120
2013-143
500241.856
5162347.674
410.602
353.8
-90.0
120
2013-144
500257.193
5162317.761
410.150
6.4
-88.0
150
2013-145
500282.811
5162293.188
410.450
333.7
-89.5
120
2013-146
500125.765
5162478.356
412.908
79.6
-88.7
110
27 holes
1
2
3300 m
Coordinates in UTM NAD83 Zone 18
Surveying based on 2013-140 casing set at 500193 E, 5162410 N, 412.5 m Elev
Table 3: Drilling Parameters, 2013 DDH
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Hole
From
To
% Graphite
Length (m)
2013-120
38.3
88
6.37
49.7
2013-120
102.4
130.9
4.54
28.5
2013-121
26.9
28.9
3.7
2
2013-121
43.6
45
9.84
1.4
2013-121
91.9
96.1
12.13
4.2
2013-122
45.9
48.4
6.36
2.5
2013-122
65.1
70.1
11.74
5
2013-122
92.5
111.1
8.3
18.6
2013-123
6.6
8.6
10.75
2
2013-123
11.7
13.3
13.15
1.6
2013-123
38
45
2.68
7
2013-123
51.1
115
5.08
63.9
2013-124
3
14.8
2.35
11.8
2013-124
26.8
29.6
5.98
2.8
2013-124
76.8
87.2
2.04
10.4
2013-125
6.7
11.6
10.74
4.9
2013-125
21.8
23.7
7.83
1.9
2013-125
45.7
52.2
2.78
6.5
2013-125
109
122.8
2.66
13.8
2013-126
32.60
78.60
4.43
46.00
2013-126
78.7
118
1.17
39.3
2013-127
46.90
49.50
10.31
2.60
2013-127
65.30
88.40
4.68
23.10
2013-128
1.20
12.30
4.24
11.10
2013-128
21.70
41.20
8.08
19.50
2013-128
52.60
81.00
7.74
28.40
2013-129
19.50
23.30
3.05
3.80
2013-129
28.60
40.00
5.06
11.40
2013-129
77.60
82.50
5.83
4.90
2013-130
1.40
18.60
1.33
17.20
2013-130
22.00
30.80
1.91
8.80
2013-130
57.40
67.30
1.71
9.90
2013-130
75.00
80.90
3.8
5.90
Table 4a: Graphite Zone Intercepts, 2013 DDH
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Hole
From
To
% Graphite
Length (m)
2013-131
13.60
19.70
9.05
6.10
2013-131
27.1
35.4
5.95
8.30
2013-131
49.8
63.2
2.51
13.40
2013-132
24
31
4.22
7.00
2013-133
6
34.5
7.41
28.50
2013-134
12.1
12.9
5.92
0.80
2013-134
23.6
26.4
3.09
2.80
2013-134
33.4
60
1.00
26.60
2013-134
91.1
91.9
2.88
0.80
2013-134
98.5
99.5
3.23
1.00
2013-135
50.8
52.6
14.50
1.80
2013-135
79.7
85.7
12.82
6.00
2013-135
103.8
122.2
5.94
18.40
2013-136
17.9
21.8
11.90
3.90
2013-136
34.6
38.6
14.30
4.00
2013-136
54.8
96.1
6.17
41.30
2013-137
27
92.6
7.85
65.60
2013-138
35.4
38.5
7.19
3.10
2013-138
49.5
51.1
14.20
1.60
2013-138
126.2
154.9
7.40
28.70
2013-138
172.8
183
2.23
10.20
2013-139
26.9
28.5
7.71
1.60
2013-139
60.6
122.1
6.26
61.50
2013-140
2.7
7.9
6.68
5.20
2013-140
14.8
82.8
5.55
68.00
2013-141
28.5
70.9
5.08
42.40
2013-142
16.5
59.3
9.05
42.80
2013-143
53.8
71
4
17.20
2013-144
35.7
37.8
13.25
2.10
2013-144
53.1
139
8.6
85.90
2013-145
1.6
4
4.97
2.40
2013-145
36.6
40.7
11.87
4.10
2013-146
1.2
13.6
7.63
12.40
2013-146
66.3
97.1
6.27
30.80
Table 4b: Graphite Zone Intercepts, 2013 DDH
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As we can see in Figure 5, the conductive zone associated with the graphite mineralization
extends an additional 400 metres to the southeast before reaching the property boundary.
This area is considered a prime target to rapidly and significantly increase the resources.
An exploration drilliung program is recommended in Item 26), “Recommendations.
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11.0 Sample Preparation, Analyses and Security
11.1 Sampling Method Description
11.1.1 Sample preparation
Drill core sample preparation consists of splitting the drill core in two, with one half staying in
the core box and the other half going into the sample bag. The plastic bags were numbered and a
waterproof sample tag was added to ensure correct sample identification. This sampling was done
under the supervision of Yvan Bussieres, Eng.
11.1.2 Sample type
The drill core sample consists of one half of the split drill core. Sample length was generally
2 m, as in the 1990 drilling campaign. However, sample length was adjusted to the contact when
graphite content varied greatly or the lithology changed.
11.1.3 Sample characteristics
Drill core samples were taken when the logger geologist observed more than approximately
1% graphite mineral within the core. The purpose of this sampling is to determine the
grade of the graphite zone. One sample was added before and another after the graphite
zones in order to confirm the boundaries of these zones.
11.1.4 Sample adequacy
Since core recovery was good and the sample consisted of the entire half of the drill core, the
authors are of opinion that sampling accurately reflected the graphite zones.
11.2 Preparation and Sample Analysis
At the laboratory, the half drill core samples were entirely crushed to less than 2 mm, and a 250gram representative portion of the sample was crushed to less than 75 microns.
The samples were assayed using ALS Chemex’s C-IR06 and ME-MS41 2 assay methods.
2
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The C-IR06 method consists of acid digestion of 1 gram of prepared sample followed by
combustion furnace. The purpose of this type of method is to remove the carbon associated with
carbonate minerals like calcite by digestion in acid, with the remaining carbon burned by the
combustion furnace is consider as organic carbon.
The ME-MS41 method consists of digestion of a 0.5 gram of prepared sample by Aqua Regia
extraction with ICP-MS finish. The samples are digested with concentrated nitric acid for onehalf hour. After cooling, hydrochloric acid is added to produce Aqua Regia and the mixture is
then digested for an additional hour and a half. An ionization suppressant is added if
molybdenum is to be measured. The resulting solution is diluted to a volume of 100 or 250 mL
with demineralized water, mixed and then analyzed by ionizing the solution with inductively
coupled plasma mass spectrometry (ICP-MS) against matrix-matched standards.
11.3 Assay Quality Control
ALS Chemex’s standard quality control for each batch of 36 samples consists of:
- an assay of a blank sample;
- an assay of a standard sample; and
- two re-assays of samples from the batch.
Graniz Mondal added three additional assay controls to ensure high-quality control for its
exploration work. These additional assay controls are:
1- Insertion of a duplicate sample to verify whether the laboratory could replicate the same
value for the same sample
2- Insertion of a blank sample to verify whether there was contamination among samples at
the laboratory
3- Insertion of a standard sample to verify the stability of assay values by obtaining the same
value as determined for the standard sample.
In the end, a total of 1,094 samples were assayed for the 27 drillholes in this program, including
74 control samples. The Graniz Mondal control samples represented 7% of the core samples.
ALS Chemex also added 51 duplicates, and total quality control assays therefore represented
12% of the samples assayed.
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11.3.1 Duplicates
During the drilling program, Graniz Mondal added one duplicate sample per drill hole. In all, a
total of 21 samples were duplicated.
Sample duplication was achieved by splitting the half core sample into two equal parts. A quarter
of the core sample therefore remained in the original sample bag, and the other quarter was
placed in another sample bag and numbered with a subsequent sample number.
Figure 9, “Duplicate Sample”, shows the very good replication of carbon, iron and sulphur
values. The duplicate samples therefore confirmed the reproducibility of sample values for the
Graniz Mondal drilling program.
11.3.2 Blanks
During the drilling program, Graniz Mondal added one blank sample per drill hole. In all, a total
of 22 blank samples were added.
The blank samples consisted of approximately 250 g of coarse crushed marble.
Figure 10, “Blank Sample”, shows that the carbon values ranged from 0 to 0.05%, except for
sample P016230, which graded 0.83% carbon. We suspected a sample switch in the laboratory
and requested the reassay of the P016230 laboratory pulp. The reassay returned a carbon grade
of 0.05% (red square), which is similar to the other samples. The very low carbon content of the
blank samples therefore confirmed that there was no contamination among samples in the
laboratory for the Graniz Mondal drilling program.
Figure 10, “Blank Sample”, also showed that the iron and sulphur values ranged from 0.03 to
0.05% and 0 to 0.05%, respectively. This very low iron and sulphur content of the blank samples
confirmed that there was no contamination among samples in the laboratory for the Graniz
Mondal drilling program.
11.3.3 Standards
During the drilling program, Graniz Mondal added one standard sample per drill hole. In all, a
total of 21 standard samples were added. Furthermore, 10 standard samples were added in a row
to produce a mean value for the standard material.
The standard samples consisted of approximately 250 g of coarse crushed marble from carbonmineralized rock blocks from the Mont-Laurier area. The rock was coarsely crushed and
homogenised by a laboratory in Chibougamau.
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Figure 11, “Standard Sample”, shows that carbon values ranged from 0.84 to 1.27%. The
average value for the 10 samples assayed in a row, samples P016105 to P016114 (red line and
square), was 1.02% of carbon. The carbon values therefore ranged from minus 16% to plus 27%
of the average, which is a little too high. We suspected that this resulted from the fact that the
standard materiel was not truly homogenous. Another problem with this standard material is that
the carbon content is too low; the standard material should have had a carbon content of at least
6%, and preferably 8%. In the end, we concluded that the standard material was not appropriate
for checking the stability of the assay level.
11.3.4 ALS Chemex duplicates
During the Graniz Mondal drilling program, ALS Chemex added at least one duplicate sample
per assay batch and another duplicate for each 36 samples in the batch. In all, a total of 51
samples were duplicated.
Sample duplication was achieved by assaying a second pulp digestion.
Figure 12, “ALS Chemex Duplicate Sample”, showed the very good reproducibility of values for
carbon, iron and sulphur. Therefore, the duplicate samples confirmed ALS Chemex’s ability to
reproduce the sample values.
11.3.5 ALS Chemex Blanks
During the Graniz Mondal drilling program, ALS Chemex added at least one blank sample per
assay batch and another blank for each 36 samples in the batch. In all, a total of 84 blank
samples were added.
A blank sample consists of white quartz sand. This sample is inserts within the sequence of
samples.
Figure 13, “ALS Chemex Blank Sample”, shows that carbon, iron and sulphur values are below
or at the detection limits. The blank samples therefore confirmed that ALS Chemex does not
have any contamination in its assay laboratory process.
11.3.6 ALS Chemex Standards
During the Graniz Mondal drilling program, ALS Chemex used two standard samples (SY-4 and
PD-1) to control the level of carbon value. In the end, a total of 53 SY-4 standard samples and 54
PD-1 standard samples were added.
Figure 14, “ALS Chemex Standard Sample”, shows that carbon values for the SY-4 sample
ranged from 0.12 to 0.14%, for 16% variance, which is a little too high. Once again, the problem
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is that the carbon content of this standard material is too low. The 0.02% carbon variance is
almost the detection limit.
Figure 14, “ALS Chemex Standard Sample”, shows that the carbon values for the PD-1 sample
vary from 0.56 to 0.58%, except for one value of 0.54%. Excluding this value, this represents 4%
variance, which is acceptable. The carbon variance is once again 0.02%. The percent variance
would likely be lower if the standard sample had a higher carbon content.
In the end, with a 0.02% carbon value variance for the ALS Chemex standard, we concluded that
assay level stability for the ALS Chemex laboratory was good.
11.4 Authors’ Opinion on Analysis Quality
The authors consider that the assay results are representative of the mineralization on the
Mousseau West property.
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FIGURE 9: DUPLICATE SAMPLE
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FIGURE 10: BLANK SAMPLE
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FIGURE 11: STANDARD SAMPLE
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FIGURE 12: ALS CHEMEX DUPLICATE SAMPLE
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FIGURE 13: ALS CHEMEX BLANK SAMPLE
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FIGURE 14: ALS CHEMEX STANDARD SAMPLE
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12.0 Data Verification
12.1 Controls and Verification Measures
All the Graniz Mondal 2013 data was collected by the authors and has thus been verified.
12.2 Limitations of Data Verification
Assay quality control performed on 2013 samples confirmed sample reproducibility, assay
reproducibility, the absence of sample contamination at the laboratory and the stability of
the carbon content in the standard sample carbon. In the authors’ opinion, the data does not
present any limitations.
12.3 Authors’ Opinion on the Adequacy of the Data
The authors are of the opinion that the 2013 data is representative of the mineralization on the
Mousseau West property.
12.4 Data from Graphicor 1989-90
Fifty-five holes were drilled on the Mousseau West graphite occurrence in 1989 and 1990. The
basic location maps available could not established clearly the precise location of these holes, as
Graphicor grids and field references had vanished over the years. As the Graniz drilling program
started during winter, the location of the old holes were essentially estimated from these various
maps.
After the completion of the 2013 Graniz program, a visit by Yves Bussières in May succeeded in
locating some old casing of the Graphicor program. The location of the 1989-90 drillholes was
determined consequently and now appear on the maps and sections used in this report.
This shows that a number of the 2013 holes drilled by Graniz are twin holes of the Graphicor
1989-90 drilling. Before considering including the historical data in the 2013 database, the twin
holes were verified. Table 5 summarizes the most pertinent geological features found in six pairs
of twin holes from the Mousseau West mineralization.
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Hole
Section
M-90-109
2013-133
13+75W
M-89-52
2013-143
14+25W
M-90-88
2013-142
14+50W
M-90-93
2013-137
15+25W
M-90-95
2013-38
15+75W
Distance (m)
between holes
Graphitic horizon
to (m)
width (m)
grade (%Gp)
Difference - Major Gp sections
on width
on grade
Comments
7.35
6.00
34.85
34.50
26.65
28.50
5.86
7.41
+7%
+26%
Both holes show similar stratigraphic sequence, host rock, texture
and C.A. foliation.
55.45
53.80
90.83
85.50
35.38
31.70
3.76
2.41
-10%
-36%
and C.A. foliation. Some M5(1989) is M14(2013).
9.80
16.50
50.18
59.30
40.38
42.80
8.20
9.05
+6%
+10%
and C.A. foliation, including a pegmatitic horizon at 50m.
24.08
27.00
74.70
78.50
50.62
51.50
8.12
9.16
+2%
+13%
and C.A. foliation, including a central coarse nodular section.
35.25
35.40
40.22
38.50
4.97
3.10
7.48
7.19
thin, not considered
The first two thin graphitic marble horizons were intersected by both holes
(a 3-5m at 7%Gp and a thin 1m section at +10%Gp).
M-90-95
2013-138
49.00
49.50
50.00
51.10
1.00
1.60
10.57
14.20
The stratigraphy is similar, up to the contact with the third graphitc section.
In H2013-138, a major fault zone with pegmatitic material, smoky quartz
M-90-95
2013-138
69.29
67.60
84.22
74.40
46.63
46.90
48.80
49.50
M-90-95
2013-127
15+75W
Weighted average of the difference
6.0
from (m)
4.5
7.5
6.2
3.0
6.5
14.93
11.06
Major Fault Zone
fault, not possible to compare
2.17
2.60
9.45
10.31
Same thin graphitic horizon within biotite quartzo-feldspathic gneiss.
Similar stratigraphic sequence and C.A. foliation till the bottom of hole
90-96 at 60.35 m.
nil
and fluorine (7m) has developed probably along the favourable graphitic
contact. Other graphite sections are observed in H2013-138 but deeper
than the 90-95 hole investigated.
+3%
Same graphitic horizons total and slight 3% increase in grade.
Table 5: Twin holes comparison - 1990 Graphicor holes vs 2013 Graniz holes
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Some of these holes intersected the thicker graphitic horizons, while others were drilled in areas
with thin graphitic horizons. In both cases, the stratigraphy of the twin holes was found to be
similar with very comparable graphitic sections. Grades varied from one graphitic section to its
twin, but the weighted average of all comparable sections yielded a 3% difference, which is
satisfactory.
One can explain the grade variation by the fact that although the collars of the twin holes are very
close, we don’t know the precise deviation of the Graphicor holes at depth, as no tests were done
at the time for this parameter.
The stratigraphy intersected by the holes was the main criteria for deciding to include these data
in our global interpretation.
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13.0 Mineral Processing and Metallurgical Testing
In 1990, after the first major drilling program, a twelve-tonne sample was collected in a pit on
Mousseau West, at the site of Hole 90-53 (GM 52017). The material was sent to the Centre de
Recherche Minerale in Quebec City, but no data on the results was made public.
In 1992, eleven samples constituted from drill core intersections were processed at the Graphicor
mill in operation at the time at Lac aux Bouleaux, south of St-Aimé-du-lac-des-Iles. No details
are available about the procedure followed. The eleven samples gave on average:
41% recovery of +100 mesh
59% recovery of -100 mesh
95% Gp
95% Gp
And the best result obtained was:
60.3% recovery of +100 mesh
39.7% recovery of -100 mesh
97% Gp
97% Gp
These historical results appear to be reasonable for the type of mineralization concerned, but
should not be considered representative of the entire deposit, as no details were available on
sample selection and preparation.
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14.0 Mineral Resource Estimates
14.1 Historical Resources
Following the drilling programs completed between 1989 and 1992, Graphicor published
historical resources on their Mousseau property, which included the Mousseau East and West
zones.
Numbers vary depending on the source. In the authorization request sent to the
Environment ministry (GM 53100), Graphicor states that the resource at Mousseau West stands
at 600,000 tonnes grading 8% Gp, while in the Ressources Aurter Inc. report (GM 58328), the
following figures are given:
Mousseau West Zone Resources (undiluted)
Proven
% Gp
Probable
% Gp
Possible
% Gp
1,729,930
7.19
544,470
7.59
106,050
9.62
Source: Graphicor Unspecified
The same report presents a reclassification of the resources by Derry, Michener, Booth & Wahl
(DMBW) in 1990. The nature of the work performed by DMBW is not clear, but we can see
from the table presented that DMBW reclassified the proven resources as probable and the
Graphicor probable as possible.
Mousseau West Zone Resources (undiluted)
Proven
% Gp
Probable
% Gp
Possible
% Gp
1,687,940
7.17
692,530
7.79
Source: DMBW 1990
It is not clear whether Aurter reviewed and produced its own resources estimate, and the exact
sources from which the above numbers were taken are not mentioned. Due to the lack of detailed
data underlying these estimates, it is not possible to comment on the reliability of these figures,
and the authors consider that these resources do not meet current NI 43-101 standards.
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14.2 2013 Graniz Resource Estimate
Following the 2013 drilling program completed by Graniz, a new resource estimate was prepared.
This estimate is significantly different from the historical one described above, as it considers the
entire results obtained to date within a more elaborate geological model.
14.2.1 Database
The authors used the Geotic software for the Mousseau West project. Once it was established by
field survey and twin holes verification that it was possible to integrate the Graphicor drilling
results, all the old logs were put into the project database, along with the Graniz 2013 results.
The database used to estimate the Mousseau West resource includes:

87 drill holes

7.502.77 metres

1,727 assays

29 deviation tests
14.2.2 Grid
The base grid used on the project was established in late 2012 using the same base points and
base line orientation as Graphicor used in 1990. The base line is oriented N 2980 W, with
perpendicular lines cut every 100 m. For the collar coordinates, the 2013 holes were surveyed
and their grid coordinates were calculated on a theoretical regular grid. Fictive 25-m spaced lines
are shown in blue on the grid location in Figure 15. The grid coordinates were also calculated for
the 1990 Graphicor collars, as a few old hole collars were located and surveyed.
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FIGURE 15: MOUSSEAU WEST GRID AND DRILL HOLES
14.2.3 General key assumptions of the geological model
The Mousseau West deposit corresponds to a segment of a folded geophysical conductor, as
previous ground surveys have shown (see Figure 5). The regional geology is complex, and even
a single segment will show multiphase folding, as three main tectonic episodes deformed the
geologic horizons of the area.
Moreover, it is expected that various faults have dissected the deposit and consequently
displacement of the mineralization horizons will be observed.
Rock exposure is reported to be poor by earlier Graphicor surveys. No geological map was
produced and we know essentially that the formations observed strike NNW-SSE with moderate
dips to the south. The morphology of the graphite mineralization is thus better understood by
careful examination of the drilling logs.
As discussed earlier, the interpretation of the deposit encompasses the results of previous drilling
done by Graphicor in 1989-90. Since descriptors of the geology were not the same, and care
must be taken as a given unit may have been named differently by the different descriptors.
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A geological model must be relatively stable from one section to another (insofar as possible in a
Grenvillian environment) and respect the foliations measured in the core. In this case, the model
had to explain the sudden fading of mineralization at depth to the south, the thick intersections
just to the north and the north-to-south variation of the depth of mineralization.
The model was developed between Sections 13+75W and 16+25W, where most of the holes are
concentrated. These are the limits of the actual model and therefore the location of the geological
resources.
14.2.3 Geological model
The Mousseau West graphite mineralization is located within a sedimentary sequence that has
been metamorphosed by the Grenville Orogeny. The sedimentary sequence indicates an
evolution from essentially high-energy clastic sediments to low-energy chemical sediments. The
original sandstone-to-limestone sequence, now metamorphosed, shows as quartzo-feldspathic
gneisses to marbles. The transition zone between the two (carbonaceous sandstones and sandy
limestones) represents the calc-silicated, diopside-rich rocks observed on each side of the marble.
The graphite mineralization is concentrated within the marble unit. All geological formations
were intensively deformed and the graphitic marble is now considered to occupy the center of a
fold dipping some 45° to the south. At surface, it is possible to distinguish the limbs of the fold
in the southeast portion of the mineralized body, but to the northwest, the fold appears so tight
that it is not possible to differentiate the limbs. The nose of the fold would be at a vertical depth
of around 125 metres.
The detailed morphology of the mineralized envelope may vary quickly as marbles are extremely
ductile formations under the temperature and pressure conditions reached during the Grenvillian
Orogeny. The model accommodates local displacement of the mineralisation by minor folding
and/or faulting which are inherent structures of this geological environment. An example of the
model is given in Figure xx below.
14.2.4 Methodology and parameters of the resource estimate
The resources estimate was done using the polygons on section methodology. Sections were
produced every 25 metres between 13+75 W and 16+25 W and along the grid described above.
First, the mineralized envelope was defined on each section. The mineralized envelope was then
divided into blocks. Three categories of blocks’ A, B and C, were defined and will be explained
later. A block is centered along a graphitic intersection that is a vertical segment of a drill hole
(as all holes are vertical). The limits of a block may either be:

The mineralized envelope
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
A vertical line located 12.5 metres (measured horizontally) from the graphite
intersection for the A category, from 12.5 to 25.0 metres for the B category and from
25 to 37.5 metres for the C category

A vertical line located mid-way between two holes, if less than 12.5 metres

A fault

The trace of the bedrock on surface
The grade of the block was established as a composite of all assays forming the graphitic
intersection. It is a weighted average of all samples forming the intersection, including low grade
or barren horizons such as dykes within the intersection, unless the barren zones show as thick
horizons that can be mined selectively. Most of the time, the barren sections are thin and are
considered to be inevitable dilution of the graphitic zone.
The thickness of a block is 25 metres, as its influence is 12.5 metres on each side of the section.
The density applied was 2.85, an average of 12 representative samples selected from various
parts of the deposit.
14.2.5 The A, B and C block categories
The authors used these sub-categories to better visualize the follow-up exploration to be done on
the deposit.
- A blocks are areas where no additional drilling is needed. These form most of the mineralized
envelope (numbered in red on the sections).
- B blocks are areas where additional drilling must be done for continuity within the A block
category and the mineralized envelope (numbered in orange on the sections).
- C blocks are possible extension of the deposit according to the Geological model. These areas
are the ones that may vary the most (numbered in yellow on the sections).
14.2.6 Resource classification
Overall, the authors decided to categorize the Mousseau West resource as Inferred.
The main reasons are:
-
This is the first geological model generated, and it is based on 33% recent fully-controlled
drilling by Graniz and 67% historical data. Even if the reliability of the historical data
proved to be positive, some uncertainties remain, as most historical holes were not
surveyed for their deviation.
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-
When looking at the distribution of A and B category blocks within the geological model
one can see that some sporadic zones of less confidence are present and will have to be
checked by additional drilling.
-
The geology is complex and the geological model will have to be tested by additional
drilling. This could lead to local changes to the model.
-
Not much deep drilling is available under 125 metres and close to the end of the nose to
the south in order to verify possible extension of the deposit that could influence the final
mine design.
Appendix I-A and I-C present the detailed block locations on section and detailed block data. A
summary of these numbers is as follows:
Inferred Resources
Category A: 2,777,600 tonnes grading 6.19% Gp
Category B:
918,800 tonnes grading 6.57% Gp
Category C:
415,200 tonnes grading 5.48% Gp
As mentioned previously, the A and B categories could be quickly upgraded to the Indicated
category if a relatively small drilling program is conducted on the B blocks with positive results.
Therefore, we estimate that the inferred resources with potential to be upgraded quickly to the
Indicated category and on which exploration efforts should be concentrated are the A and B
blocks categories, which total:
Category A+B: Inferred resources of 3,696,500 tonnes grading 6.28% Gp
14.2.7 Zonation of the mineralization
Within the mineralized envelope of the geological model, one can see that there is a redundant
zonation of the graphite grades within the zone. If there is any trend along a graphite
intersection, it will be from higher graphite grades at the top of the envelope to lower grades at
the bottom. Higher grades may be in the range of 8-12% Gp, while lower grades are in the range
of 1%-4% Gp.
As explained in the geological model, the intersections retained for the mineralized envelope
cover entirely the graphitic intersection, from top to bottom.
Distribution of the grades within the envelope leaves room for recovery of a smaller tonnage at a
higher grade. If economic conditions are favourable, an eventual operator will mine the entire
envelope, but if the price of the commodity falls, then only the upper part of the deposit can be
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mined. This is an important characteristic of the deposit, as it gives the operator some flexibility
for mining.
14.2.8 Other important considerations
In order to assess the potential of an industrial mineral deposit independently of the geology, it is
important to briefly examine other factors, such as the mining of the deposit, processing of the
ore and access to the markets.
The Mousseau West mineralization occurs as a moderately south-dipping body. The footwall of
the deposit could eventually correspond to the trace of the north wall of an open pit. To the
south, the wall would rise as steeply as possible to reduce the waste material to be extracted.
Globally, the morphology of the mineralization is very favourable for the development of an open
pit with a low waste-to-ore ratio.
For the mineralized units, the Mousseau West mineralisation is a disseminated to nodular
graphite marble unit very similar to the Timcal Lac-des-Iles graphite mine in Mont-Laurier. It
should be recalled that Timcal, the only graphite producer in North America, has operated this
mine continuously since 1990.
This means that there are existing mining procedures and milling processes for any material to be
mined from the Mousseau West deposit. We don’t know at this stage whether Timcal will or will
not be involved in the project, but we know that the technology does exist to concentrate this type
of material economically. Timcal products are highly appreciated by its customers, so it is
expectable that the output from Mousseau West would be a product currently in demand.
Whether or not a future operator would have access to the markets is quite far downstream, but at
least there is not much concern about the quality of future production.
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15.0 to 22.0: These items do not apply to this report
23.0 Adjacent Properties
The Mousseau East and West graphite occurrences are located along a fairly continuous EM
geophysical conductor and were delineated at the same time, during the Graphicor exploration
program carried out in the early nineties. Over time, the claims were abandoned and re-staked by
other parties, and Mousseau East and West are now located on two different properties.
Graphicor completed more drilling on Mousseau East than on Mousseau West, with some 73
holes. Again, historical resource estimates vary depending on the source (Graphicor 1990, GM
53100, Ressources Aurter Inc. 2003, GM 60536). We understand that the historical resources
estimate stands at 3.4 million tonnes of graphite mineralization (proven, probable and possible
categories), of which some 800,000 tonnes grading 8% Gp were at the higher level of confidence,
but were downgraded by Derry, Michener, Booth and Wahl to the probable category. As for
Mousseau West, no information on selected parameters is available, so it is not possible for the
authors to comment on the reliability of these estimates; however, we feel that these historical
resources do not meet current NI 43-101 standards.
In 2012, Standard Graphite Inc. signed an option to acquire 100% of the Mousseau East deposit.
An airborne EM survey was flown over the property during the summer of 2012, and a first
drilling program was completed during the fall of 2012. The first twelve (12) holes of the
program were planned in order to duplicate the Graphicor results. In a press release dated
September 26, 2012, the company states that the results of these holes show a strong correlation
with the Graphicor results.
A concentration test of the mineralized material was performed by SGS Mineral Services during
the fall of 2012, yielding 95% graphite concentrates for large to medium-sized fractions.
Additional drilling (20 holes) was also done on lateral extensions of the main conductive zone,
confirmed by geophysics, for a total of 32 holes/2,068.9 metres (including the first 12 holes).
Results indicate a continuity of the graphite horizon towards the Graniz property. Figure 16
shows the Standard Graphite results.
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FIGURE 16: 2012 STANDARD GRAPHITE RESULTS
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24.0 Other Relevant Information
The Mousseau graphite deposits are located some four kilometres north of Lake McCaskill, a
holiday resort with numerous chalets and secondary residences. In 1990, Graphicor applied for a
certificate of authorization to carry out development work on Mousseau East, which consisted
mainly in a 50,000-tonne bulk sample. From October 4, 1990 to September 24, 1993, Graphicor,
although it had not breached any laws, had to fight in court with the municipality of SteVéronique and the Environment Ministry of Quebec to obtain all the required permits. Although
the court consistently ruled in Graphicor’s favour, the Environment Ministry appealed the
decision in every case.
At the time, it was Graphicor’s intention to mine the ore and haul all of it by truck to their
existing mill at Lac aux Bouleaux. We understand that opposition to the project was over the
heavy traffic issue. Connection to a gravel road that passes some six kilometres to the west and
connects to the main provincial road, Route 117, would eliminate heavy traffic through Lake
McCaskill and should be considered as a mitigation measure. Processing of the ore in a new mill
on the site would also have a substantial impact on traffic.
In 2012, the Antoine-Labelle RCM asked the Quebec Ministry of Natural Resources to ban
mining in a vast area where local authorities wanted to establish a recreational tourist park. The
ministry did ban staking on areas where no mining claims are active, but at the same time
maintained the existing rights and confirmed that such rights would not be expropriated.
Since the municipal mergers, the property has been under the responsibility of the town of
Rivière Rouge, which includes the larger municipality of L’Annonciation. Under the new
Mining Act to be adopted in a few months, the municipality will have some zoning rights to
block a mining project, but these rights could be suspended by the Quebec ministry if they deem
a project important for the local economy. This means that there are appropriate means available
to achieve project acceptability.
_____________________________________________________________________________________
September 24, 2013
Page: 59
_____________________________________________________________________________________
25.0 Interpretation and Conclusions
In 1989-90, drilling of 57 holes over a lateral distance of 260 metres along the western end of a
conductor known as Mousseau West returned up to 50 metres of graphitic marbles containing
economic grades (more than 5%) of graphite as fine to large flakes. Historical resources of
approximately 2.4 million tonnes grading 7.35% (undiluted) were estimated on the basis of a
drilling pattern of 25-40 metres.
After acquisition of the property in 2012, Graniz Mondal Inc. drilled an additional 27 holes in
order to bring the drill grid down to 25 metres. Due to some difficulty locating the Graphicor
holes, the final drilling pattern remains locally incomplete.
However, the data is sufficient to present a first geological model for the mineralized envelope.
The mineralization is interpreted as a calcitic marble with disseminated and nodular graphite
adopting a global shape of a synclinal fold dipping moderately to the south. The wider intercepts
of the mineralization are in the nose of the fold, currently interpreted as terminating around 100125 metres from surface.
Displacements along faults and/or minor folding explain local sudden variation in the depth or
location of the mineralized unit.
The mineralized envelope shows grade zonation, with better grades locate in the upper part of the
mineralized unit and lower grades at the bottom.
Authors believe that a 25-metre drilling pattern must be achieved in order to have the resources
classify as indicated. Even if most of the mineralization is characterized by such a pattern, a few
areas need some additional drilling to outline a mineralized body that is continuous and welldefined from one section to another. To better illustrate this situation, the entire model has been
divided into three categories of blocks: A blocks having reached the final drilling pattern; B
blocks needing one additional hole to become A blocks; and C blocks needing more than one
additional hole.
Using these block categories, one can see the areas where additional geological information is
needed, and how much is needed. Additional work will also serve to validate and fine-tune the
geological model proposed. At the moment, we therefore prefer to remain conservative and
categorize all the resources estimated as Inferred, but even though the qualified persons cannot
provide any guaranties that the inferred resources will be upgraded to the Indicated category,
positive results from the B block work would immediately qualify the A and B blocks as
indicated resources.
_____________________________________________________________________________________
September 24, 2013
Page: 60
_____________________________________________________________________________________
This produces the following numbers:
Inferred Resources
A block category: 2,777,600 tonnes at 6.19% Gp
B block category:
918,800 tonnes at 6.57% Gp
C block category:
415,000 tonnes at 5.48% Gp
All including internal dilution
Since the A and B blocks could merge in the short term into the same category, the following
total is noteworthy:
A+B block: 3,696,500 tonnes at 6.28% Gp
as Inferred resources with the potential to be convert to Indicated resources in the short term.
Among other observations related to the Mousseau West mineralization, we should mention that:
1. Some preliminary milling tests performed on the mineralization in 1992 suggest that a
significant portion of large graphite flakes can be recovered. These conclusions are the
same as those obtained by Standard Graphite Inc. in 2012 on the eastern extension of the
same mineralized conductor.
2. The nature of the mineralization is similar to the Lac-des-Iles graphite mine, which
entered production in 1989 and is still in operation. This indicates high confidence in the
possibility of mining, milling and concentrating this graphite mineralization into a final
graphite product suitable for consumers.
3. The morphology of the graphite deposit as suggested by the authors is very suitable for
open pit mining, with a low waste-to-ore stripping ratio.
4. The zonation of grades in the graphite deposit allows access to richer mineralization first
and lower grades later, which allows a future operator some flexibility.
5. A large part of the conductive zone to which Mousseau West belongs remains
unexplored.
In the opinion of the authors, the actual NI 43-101 compliant Inferred resource of the Mousseau
West property could quickly be upgraded to NI 43-101 compliant Indicated resource by carrying
out the exploration work described in the next section.
_____________________________________________________________________________________
September 24, 2013
Page: 61
_____________________________________________________________________________________
26.0 Recommendations
26.1 Recommended work
The authors recommend three types of follow-up work on the Mousseau West property. The
issuer can carry out any or all of these, depending on its financial resources and strategy.
These are:
R-1) Conversion of the Inferred resource to an Indicated resource
As explained earlier, to upgrade the Inferred resource to the Indicated category, additional
drilling must be done on sections between 13+75W and 16+25W to fill in areas where the drill
grid is presently wider than 25 metres, or where the previous holes were not deep enough to
intersect the mineralized envelope of the geological model.
Objective: to achieve an Indicated resource of 4 millions tonnes at a grade of approximately 6.3%
Gp, including internal dilution from surface to a vertical depth of 150 metres, along the main
drilled zone that currently extends 250 metres along strike.
A review of the sections indicates that 26 holes totalling 3 165 metres are required to achieve
this. Details of this drilling program are presented in Table 6.
R-2) Increasing the Inferred resource
Drilling along the 400 metres between Section 13+75W and the southeast property boundary
could significantly and rapidly add to the inferred resource. The chances of success are excellent,
since the conductive zone is continuous and leads to the already-identified graphitic zone on the
Standard Graphite property to the southeast.
To achieve that, drilling on sections spaced at 50 metres is recommended, from 13+50W down to
10+00W, which gives eight holes totalling 800 metres. Details of this drilling program are
presented in Table 7.
R-3) Exploring additional potential
As the Mousseau West zone appears to be a segment of a local fold that includes geophysical
anomalies D and E, we suggest that the D conductor be tested in a few places to establish the
graphitic potential of this zone.
A budget for six holes totalling 600 metres has been allowed for this purpose.
_____________________________________________________________________________________
September 24, 2013
Page: 62
_____________________________________________________________________________________
Table 6: Holes for R-1
Table 7: Holes for R-2 _____________________________________________________________________________________
September 24, 2013
Page: 63
_____________________________________________________________________________________
26.2 Budget
Item R-1: - Project preparation
$5,000
- Drilling: 3,165 m at $120/m, including supervision and analysis: $379,800
- Updating the resource estimate and report
$20,000
- Contingencies (10%)
$40,480 Total R-1: $445,280
Item R-2: - Project preparation, permitting, site preparation
$15,000
- Drilling, 800 m at 120$/m, supervision and analysis included:
$96,000
- Report
$10,000
$12,100
Total R-2:
$133,100
Item R-3: - Project preparation, permitting, site preparation
$15,000
- Drilling, 600 m at 120$/m, supervision and analysis included:
$72,000
- Report
$10,000
$9,700
Total R-2:
$106,700
Total R-1, R-2, R-3:
$685,080
_____________________________________________________________________________________
September 24, 2013
Page: 64
_____________________________________________________________________________________
27.0 References a) Statutory work on the property listed at the Ministry of Natural Resources and Wildlife
GM 64197 - REPORT
ON HELICOPTER-BORNE AEROTEM SYSTEM ELECTROMAGNETIC AND MAGNETIC
SURVEY, BLOCKS 1-5. 2008, By CORCIOBA, T, GARRIE, D. 60 pages. 18 maps.
GM 64633 - REPORT
Other electronic data.
OF FIELD WORK AND AIRBORNE ELECTROMAGNETIC SURVEY, LAC MCCASKILL
PROPERTY. 2008, By FINNIGAN, C. 20 pages.
GM 60536 - RAPPORT
DES TRAVAUX DE PROSPECTION JUIN 2003 & COMPILATION DES TRAVAUX
ANTERIEURS, PROJET GRAPHITE / PROPRIETE MOUSSEAU. 2003, By . 29 pages. 1 microfiche.
GM 58328 -
LEVE ELECTROMAGNETIQUE ET MAGNETIQUE HELIPORTE A HAUTE RESOLUTION REGION DE
MONT-LAURIER BLOCS VERONIQUE, SAINTE-MARIE, DOOLITTLE ET RENZY. 1999, By ST-HILAIRE, C. 52 pages.
45 maps. Autres données numériques. 14 microfiches.
GM 53101 - RAPPORT
INTERNE RESUMANT LA SITUATION, PROPRIETE MOUSSEAU. 1994, By HUBERT, G J M,
PARENT, G. 85 pages. 22 maps. 4 microfiches
GM 52017 - PROJET
MOUSSEAU, FORAGES 1992, ANALYSES ET ESSAIS RAPPORT SOMMAIRE.
1992, By
LEDUC, M J, HEBERT, J J. 82 pages. 1 map. 3 microfiches.
GM 50641 - JOURNAL
DE SONDAGE, PROPRIETE MOUSSEAU. 1990, By HEBERT, J J, BLAIN, M, PRUD'HOMME, S.
479 pages. 1 map. 12 microfiches
GM 53100 - DEMANDE
DE CERTIFICAT D'AUTORISATION POUR LA REALISATION DE TRAVAUX DE MISE EN
VALEUR, PROPRIETE MINIERE MOUSSEAU, PROJET MOUSSEAU EST.
317 pages. 2 maps. 7 microfiches.
GM 48866 - RAPPORT
1990, By HANSBURY, P, LEDUC, M.
DE QUALIFICATION, PROPRIETE MOUSSEAU.
1989, By HEBERT, J. J.
23 pages.
1 microfiche.
GM 48867 - COUPE DE LIGNES ET LEVE ELECTROMAGNETIQUE A CADRES HORIZONTAUX.
1989, By LEDUC, M.
4 pages. 2 maps. 1 microfiche.
GM 50640 - RAPPORT
DE QUALIFICATION, PROPRIETE MOUSSEAU. 1989, By HEBERT, J. J, ST-HILAIRE, C.
GM 51066 -
LEVE ELECTROMAGNETIQUE HELIPORTE ET JALONNEMENT. 1989, By ST-HILAIRE, C. 31 pages.
40 maps. 27 microfiches.
GM 41493 - PRELIMINARY
REPORT ON A GRAPHITE PROSPECT.
1984, By LEE, S.
18 pages.
1 map.
1 microfiche.
_____________________________________________________________________________________
September 24, 2013
Page: 65
_____________________________________________________________________________________
b) Statutory work on adjacent properties listed at the Ministry of Natural Resources and
Wildlife
GM 55463 - RAPPORT
DES TRAVAUX D'EXPLORATION, PROPRIETE LAC VERT. 1997, By CARON, L. 26 pages.
3 maps. 1 microfiche
GM 52134 - LEVE GEOLOGIQUE, PROPRIETE LACS VERTS.
GM 52181 - LEVE
1993, By HEBERT, J J. 20 pages. 1 map. 1 microfiche.
GEOLOGIQUE, PROPRIETE LAC CURIERES.
1993, By HEBERT, J J.
24 pages.
2 maps.
2 microfiches.
GM 52182 - RAPPORT
D'UN LEVE E M H DE TYPE MAX-MIN II, PROPRIETE CURIERES. 1993, By BOILEAU, P.
GM 51043 - LEVE
GEOPHYSIQUE, ELECTROMAGNETIQUE, PROJET CURIERES. 1991, By LEDUC, M. 132 pages.
11 maps. 5 microfiches.
GM 51068 - RECONNAISSANCE
GEOLOGIQUE ET CAMPAGNE DE FORAGES 1989-1990, PROPRIETE TAC.
1991, By VIROLLE, F, LEDUC, M. 221 pages. 4 maps. 8 microfiches
GM 51067 - GEOPHYSIQUE,
LEVE EMH ET MISE-A-LA-MASSE, PROPRIETE TAC.
1990, By ST-HILAIRE, C.
GM 51069 - RECONNAISSANCE
GEOLOGIQUE, PROPRIETE DES LACS VERTS. 1990, By BOULIANNE, D, LEDUC,
M. 13 pages. 1 map. 1 microfiche.
GM 51070 - RAPPORT
SOMMAIRE, FORAGES 1990, PROJET LACS VERTS. 1990, By ST-PIERRE, S. 30 pages.
1 map. 1 microfiche.
GM 51074 - GEOPHYSIQUE,
LEVE EMH, PROPRIETE LACS VERTS. 1990, By ST-HILAIRE, C. 13 pages. 6 maps.
2 microfiches.
GM 51073 - CHAPTER
7, LAC VERT PROPERTY. 1990, By DERRY, MICHENER, BOOTH & WAHL. 5 pages. 1 map.
1 microfiche.
GM 51044 - LEVE
GEOPHYSIQUE, ELECTROMAGNETIQUE, PROJET CAHILL. 1989, By LEDUC, M, ST-HILAIRE, C.
GM 51072 - RAPPORT SUR LA CAMPAGNE D'EXPLORATION, PROPRIETE LACS VERTS.
1989, By BOULIANNE, D.
8 pages. 1 microfiche.
GM 29055 - BOREHOLE
RECORD,
MONT
LAURIER
PROPERTY.
1973, By
MACGIBBON,
A
T.
10 pages.
1 microfiche.
GM 28207 - REPORT
ON AN INDUCED POLARIZATION SURVEY, MONT LAURIER AREA. 1972, Par GATES, T,
KLEIN, J. 61 pages. 4 maps. 3 microfiches.
GM 28208 - COPPER NICKEL SHOWING.
1972, By KALTWASSER, R F. 19 pages. 12 maps. 3 microfiches.
GM 28545 - GEOCHEMICAL LAB REPORT.
1971, By CORMIER, R, MARLEAU, R A. 43 pages. 7 maps. 2 microfiches.
_____________________________________________________________________________________
September 24, 2013
Page: 66
_____________________________________________________________________________________
c) Other References
Cadéron, S.-
Étude minéralogique, interprétation structurale et estimation des conditions de pression et de
température des roches encaissantes et minéralisées de l’open-pit de STRATMIN GRAPHITE, province du Grenville, Lac-desIles, Québec. Mémoire de Maîtrise, Université de Montréal, Juin 1997.
DP 197 - GEOLOGIE DE LA REGION DE SAINTE-VERONIQUE-DE-TURGEON, COMTE DE LABELLE.
1973, By RIVE,
M. 22 pages. 1 MAP / 2F (SCALE 1/12,000). 1 microfiche.
PRO 97-01 - ZINC:
REGION DE L'ASCENSION (SNRC 31J/10). 1997, By HEBERT, C, CHOINIERE, J, NANTEL, S,
LACOSTE, P. 6 pages. 1 microfiche
RG 182 - REGION
DE SAINTE-VERONIQUE.
1976, By RIVE, M.
68 pages.
CARTE 1839 (ECHELLE 1/12 000).
2 microfiches.
Simandl, G.J., Paradis, S., Valiquette G., Jacob, H.-L. (1995): Crystalline Graphite Deposits, Classification and
Economic Potential, Lachute-Hull-Mont Laurier Area, Quebec; in Proceedings, 28th Forum on the Geology of Industrial
Minerals, Martinsburg, West Virginia, May 3-8, 1992, pages 167-174.
www.standardgraphite.com : website of the Standard Graphite Inc. company _____________________________________________________________________________________
September 24, 2013
Page: 67
_____________________________________________________________________________________
28.0 Date and Signature
_____________________________________________________________________________________
September 24, 2013
Page: 68
_____________________________________________________________________________________
_____________________________________________________________________________________
September 24, 2013
Volume I
Appendix I-A
Vertical sections
Mousseau West mineralization
Volume I
Appendix I-B
Section of Lac-des-Iles graphite mineralization
Surface map of Asbury graphite mineralization
Volume I
Appendix I-C
Details of the resource estimate
by section
Section
16+25W
16+00W
15+75W
Bloc Category
Surface
Thick.
Volume
Tonnage
Grade
Sondages
A
B
C
tonnes/section
grade section
1
2
3
4
5
6
7
8
9
A
A
A
B
C
B
A
B
C
862
1037
1281
509
491
293
567
150
951
6141
25
25
25
25
25
25
25
25
25
21550
25925
32025
12725
12275
7325
14175
3750
23775
61417.5
73886.25
91271.25
36266.25
34983.75
20876.25
40398.75
10687.5
67758.75
437546.25
3.22
7.96
7.8
7.8
5.21
2.62
2.62
2.62
7.88
90-99
90-63
90-101
90-101
90-101, 90-103
90-103
90-103
90-103
90-103, 90-63
266974
67830
102743
437546
6.14
1
2
3
4
5
6
7
8
9
10
11
A
B
C
C
C
B
A
A
B
A
B
514
204
1258
518
110
550
1351
1176
556
677
304
7218
25
25
25
25
25
25
25
25
25
25
25
12850
5100
31450
12950
2750
13750
33775
29400
13900
16925
7600
36622.5
14535
89632.5
36907.5
7837.5
39187.5
96258.75
83790
39615
48236.25
21660
514282.5
2.7
2.7
4.34
4.34
5.97
5.97
5.97
6.33
6.33
11.15
11.15
90-98
90-98
2013-139, 90-98
2013-139, 90-98
2013-139
2013-139
2013-139
90-57
90-57
90-104
90-104
264908
114998
134378
514283
6.03
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
A
A
B
A
A
C
A
B
A
B
A
A
A
B
C
C
B
A
61
103
129
244
160
515
82
54
731
616
377
1527
2004
545
728
161
340
598
8975
25
25
25
25
25
25
25
25
25
25
25
25
25
25
25
25
25
25
1525
2575
3225
6100
4000
12875
2050
1350
18275
15400
9425
38175
50100
13625
18200
4025
8500
14950
4346.25
7338.75
9191.25
17385
11400
36693.75
5842.5
3847.5
52083.75
43890
26861.25
108798.75
142785
38831.25
51870
11471.25
24225
42607.5
639468.75
10.48
8.45
8.77
9.08
2.78
6.1
6.29
6.27
6.27
6.27
11.24
4.04
4.77
4.77
4.77
7.4
7.4
7.4
90-64
2013-125
2013-125. 90-66
90-66
2013-125
90-66,95, 2013-125,138,146
90-95, 2013-138
2013-146
2013-146
2013-146
90-95
90-102
90-73
90-73
90-73
2013-138
2013-138
2013-138
419449
119985
100035
639469
5.78
Section
15+50W
15+25W
15+00W
Bloc Category
1
A
2
A
3
A
4
A
5
B
6
A
7
B
8
A
9
B
10
A
11
A
12
B
13
A
14
A
15
B
Surface
Thick.
103
25
54
25
332
25
156
25
283
25
782
25
182
25
1180
25
1785
25
691
25
1299
25
940
25
534
25
121
25
39
25
8481
Volume
2575
1350
8300
3900
7075
19550
4550
29500
44625
17275
32475
23500
13350
3025
975
Tonnage
7338.75
3847.5
23655
11115
20163.75
55717.5
12967.5
84075
127181.25
49233.75
92553.75
66975
38047.5
8621.25
2778.75
604271.25
Grade
5.26
13.76
6.42
9.92
3.54
3.54
3.54
5.08
5.66
4.11
7.21
7.51
8.31
11.74
8.31
Sondages
90-115
90-97
90-97
90-96, 2013-127
2013-127
2013-127
2013-127
90-94
90-94, 2013-120
2013-120
2013-120
2013-120, 122
2013-122
2013-122
2013-122
1
2
3
4
5
6
7
8
9
10
A
B
A
B
A
A
A
B
A
A
383
113
217
112
853
876
1387
744
842
144
5671
25
25
25
25
25
25
25
25
25
25
9575
2825
5425
2800
21325
21900
34675
18600
21050
3600
27288.75
8051.25
15461.25
7980
60776.25
62415
98823.75
53010
59992.5
10260
404058.75
5.04
5.04
2.22
3.39
3.68
4.46
8.74
10.71
14.11
12.13
90-74
90-74
90-74
90-74, 89-56
89-56
2013-128
2013-137
2013-137, 89-54
89-54
2013-121
1
2
3
4
5
6
7
8
9
10
11
12
13
A
A
A
A
A
A
A
A
A
B
A
B
C
36
117
148
77
51
439
666
501
500
259
856
303
213
4166
25
25
25
25
25
25
25
25
25
25
25
25
25
900
2925
3700
1925
1275
10975
16650
12525
12500
6475
21400
7575
5325
2565
8336.25
10545
5486.25
3633.75
31278.75
47452.5
35696.25
35625
18453.75
60990
21588.75
15176.25
296827.5
6.02
2.35
5.57
6.68
5.98
3.28
7.12
4.83
6.12
4.55
6.18
6.18
6.18
90-91
2013-124
90-92
2013-140
2013-124
90-92
2013-140
2013-140
89-55
2013-140, 136
2013-136
2013-136
2013-136
A
B
C
374205
230066
604271
6.00
335017.5
69041.25
404059
7.78
241608.75
40042.5
296828
5.63
15176.25
tonnes/section
grade section
Section
14+75W
14+50W
Bloc Category
1
A
2
B
3
A
4
A
5
B
6
A
7
A
8
A
9
A
10
A
11
B
12
C
13
B
14
B
15
A
16
A
17
B
18
A
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
A
A
A
B
A
A
A
B
A
B
A
B
C
B
A
B
C
A
A
A
Surface
Thick.
216
25
40
25
174
25
552
25
162
25
492
25
286
25
321
25
513
25
921
25
486
25
372
25
57
25
95
25
120
25
153
25
68
25
609
25
5637
79
169
213
79
516
267
223
126
263
202
468
190
191
116
162
76
98
274
240
99
4051
25
25
25
25
25
25
25
25
25
25
25
25
25
25
25
25
25
25
25
25
Volume
5400
1000
4350
13800
4050
12300
7150
8025
12825
23025
12150
9300
1425
2375
3000
3825
1700
15225
Tonnage
15390
2850
12397.5
39330
11542.5
35055
20377.5
22871.25
36551.25
65621.25
34627.5
26505
4061.25
6768.75
8550
10901.25
4845
43391.25
401636.25
Grade
4.24
7.58
11.77
8.07
6.69
5.72
7.39
7.44
4.72
5.08
5.08
5.08
2.78
2.9
2.99
2.92
7.11
7.74
Sondages
2013-128
2013-128, 89-53
89-53
2013-128
2013-128, 89-53
89-53
2013-141
90-108
90-87
2013-123
2013-123
2013-123
2013-123
2013-123, 141
2013-141
90-53
2013-128, 90-53
2013-128
A
B
C
tonnes/section
grade section
310436.25
64695
26505
401636
6.03
1975
4225
5325
1975
12900
6675
5575
3150
6575
5050
11700
4750
4775
2900
4050
1900
2450
6850
6000
2475
5628.75
12041.25
15176.25
5628.75
36765
19023.75
15888.75
8977.5
18738.75
14392.5
33345
13537.5
13608.75
8265
11542.5
5415
6982.5
19522.5
17100
7053.75
288633.75
4.74
0.87
9.27
8.22
7.93
9.46
8.53
10.26
12.82
7.65
5.96
5.96
5.93
5.83
5.83
5.83
5.83
3.49
3.69
4.79
90-90
2013-129
90-89
90-88, 89
90-88
2013-142
2013-142
2013-135, 142
2013-135
2013-135 (2)
2013-135
2013-135
2013-129, 135
2013-129
2013-129
2013-129
2013-129
90-90
2013-129
90-90
211826.25
56216.25
20591.25
288634
6.88
Section
14+25W
14+00W
13+75W
Total:
Bloc Category
1
A
2
A
3
A
4
A
5
B
6
B
7
A
8
A
9
B
10
C
11
A
12
A
13
A
Surface
Thick.
255
25
164
25
223
25
371
25
112
25
71
25
431
25
554
25
366
25
222
25
188
25
73
25
109
25
3139
Volume
6375
4100
5575
9275
2800
1775
10775
13850
9150
5550
4700
1825
2725
Tonnage
18168.75
11685
15888.75
26433.75
7980
5058.75
30708.75
39472.5
26077.5
15817.5
13395
5201.25
7766.25
223653.75
Grade
1.33
1.91
5.05
5.01
3.45
3.45
2.4
3.62
3.62
3.62
2.51
2.98
4.07
Sondages
2013-130
2013-130
90-86
2013-131
2013-131, 143
2013-131, 143
2013-143
89-52
89-52
89-52
2013-131
90-86
2013-130
A
B
168720
39116.25
116850
1
2
3
4
5
6
7
B
B
B
A
B
B
B
197
55
934
1088
45
63
346
2728
25
25
25
25
25
25
25
4925
1375
23350
27200
1125
1575
8650
14036.25
3918.75
66547.5
77520
3206.25
4488.75
24652.5
194370
6.76
10.33
9.36
9.36
9.36
9.36
9.36
2013-132
90-114
2013-144
2013-144
2013-144
2013-144
2013-144
77520
1
2
3
A
A
A
271
335
895
1501
25
25
25
6775
8375
22375
19308.75
23868.75
63768.75
106946.25
5.96
7.4
5.09
90-109
2013-133
90-112
106946.25
57708
25
1442700
4111695
2777610
918840
C
15817.5
415245
tonnes/section
grade section
223653.75
3.37
194370
9.19
106946.25
5.76
4111695
6.27

NI 43-101 - Graniz Mondal

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