$GEMS to acquire Rockstone Graphite Project Great news from $GEMS earlier this week, announcing that it has entered into a property option agreement to acquire 33 unpatented single cell and multi-cell mining claims (1094 hectares) outside Thunder Bay, Ontario.
Known as the Rockstone Graphite Project, there are 18 drill-ready electromagnetic targets. Previous drilling intercepted 24m averaging 0.82% Zinc and 0.15% copper within a graphitic schist; analysis returned a value of 25% carbon.
Metallurgical upgrading tests showed a grade purity of 96.11% and further processing has the potential to produce battery grade graphite.
Rockstone graphite morphology appears to be highly-ordered hexagonal graphite crystallites and crystallite agglomerates.
The optioning of the Rockstone Project is significant for $GEMS as it further expands their portfolio in the battery metals space. Graphite is required, alongside lithium, in the production of EV batteries and the market is expected to reflect the value of this due to the upcoming global deficit of graphite.
Going forward, $GEMS is working to draft a NI 43-101 compliant report as well as coordinating further exploration for the drill testing of several other targets.
https://ca.news.yahoo.com/infinity-stone-options-rockstone-graphite-110000571.html