CJC News release.
Mr. Chad McMillan reports
CANADA RARE EARTHS ACQUIRES 2 NEW QUEBEC GRAPHITE PROJECTS & INTRODUCES LAVALLA ACOPYRIGHTE P.GEO AS DIRECTOR
Canada Rare Earths Inc. has acquired two new Quebec graphite projects located on the St-Laurent north shore in Quebec, and Jean Sebastien Lavallee, PGeo, is expected to join the board of directors of the company. These new acquisitions, coined the Champagne and Tetepisca North graphite projects respectively, significantly enhance the Company's Quebec based graphite project portfolio.
The Champagne Graphite Property
The Champagne graphite property consists of one large contiguous block of 88 mineral claims totaling approximately 4,870 hectares located approximately 120 km north of Baie-Comeau, Quebec.
The Champagne graphite property was originally explored by Outokumpu Mines Inc. ("Outokumpu") in 1998 for base metal mineralization. According to Outokumpu's historical reports filed with the Ministere des Ressources Naturelles et de la Faune du Quebec, an advanced helicopter borne geophysical survey consisting of 2,600 kilometers of flight path in the region was performed at that time. The airborne survey revealed multiple electro-magnetic (EM) anomalies in the area, outside or coinciding with magnetic anomalies. In a 15 kilometer long trend across the property, the survey revealed multiple EM target anomalies and off-set structures, including several zones of parallel conductors each measuring as much as 3-5 kilometers long. This suggests an apparent strike length of EM conductors associated with known graphite occurrences of approximately 11 kilometers and the total of all EM structure length close to 20 kilometers long providing a large prospective area to explore for a graphite resource on the Champagne property. |
