NEWS: v.ELT stakes claims adjacent to GXY Electra Gold stakes graphite claims in Quebec
2013-02-11 06:27 PT - News Release
Mr. Jo Shearer reports
ELECTRA ACQUIRES GRAPHITE CLAIMS NEIGHBOURING GALAXY GRAPHITE INC.
Electra Gold Ltd. has acquired by staking 240 hectares adjacent to Galaxy Graphite Inc. in Quebec. The claims are known as the Palace claims and are located approximately two kilometres west of the Galaxy Graphite claim boundary. The Quebec Gestim on-line map system shows similar Grenville province geology on the acquired claims.
Galaxy Graphite announced on Feb. 7, 2013, results as high as 11.5 per cent graphitic carbon, with the graphite being big flake and located in marbles in contact with quartzites and biotite gneiss, and in shear zones within the quartzites.
Galaxy's Buckingham graphite property comprises two former producing mines, located just east of Buckingham, Que. They are located in the highly prospective central metasedimentary belt of the Grenville geological province, host to many active graphite projects. The host rocks for both deposits are graphitic crystalline marbles, similar to the host stratigraphy at Timcal's Lac des Iles graphite mine, currently Canada's only producing graphite mine. The two properties cover a total of 1,324 hectares on 22 mining claims.
We seek Safe Harbor.