Graphite is going to be Next Big Thing...Jack Lifton.
NGC is the most advanced.
Watching FMS as well.
CED-V new Graphite play announced Feb.08...and it's Large Flake at surface deposit, low Market Cap.
Cedar Mountain Exploration Completes Strategic Land Acquisition and Staking on Graphite Creek Property
(via Thenewswire.ca)
February 8, 2012 - Vancouver, British Columbia - Cedar Mountain Exploration Inc. (CED: TSX-V) ("Cedar Mountain" or the "Company") is pleased to announce that it has completed a strategic land acquisition of 28 claims and staked an additional 20 claims all on State lands surrounding its Graphite Creek project in Alaska. Cedar Mountain now controls all prospective lands of known graphite mineralization in the Graphite Creek project area. Cedar Mountain acquired a 100% interest in the 28 claims from a private individual for CDN $20,000 along with a 2% production royalty which can be purchased in the first three years for a payment of CDN $1,000,000.
"Cedar Mountain is pleased to have consolidated its land position surrounding the Graphite Creek project area in Alaska" stated Charles Chebry, President and CEO. "Our team has successfully identified and secured all lands of geological merit surrounding the high-grade Graphite Creek project." Mr. Chebry added.
Graphite Creek's total land package is now approximately 7,680 acres or 3,072 hectares. The additional claims expand significantly both the high-grade and disseminated graphite bearing zones. A second parallel zone of garnet biotite quartz shist which is the host rock for Graphite Creek's high-grade mineralization is the high-priority target area (see figure 1 brown coloured area). There is also significant expansion of the biotite quartz shift intervals (see figure 1 yellow coloured area) which contains disseminated graphite which typically samples +2% graphite. Additional geological mapping and sampling are required to further define these new target areas.
Please see the link below for a map of the Graphite Creek property claims (figure 1):
https://cedarmountainexp.com/_resources/news/February_2012/1.jpg
About Graphite Creek
The Graphite Creek project is an approximately 1,375 hectare property on the Seward Peninsula of Alaska, 65 kilometres north of Nome. Graphite Creek is characterized by an immense scale, large-flake high-grade graphite deposit. Graphite mineralization is exposed at surface and primarily hosted by a garnet biotite quartz schist interval. The coarse crystalline flake graphite occurs as disseminations and high-grade segregations and lenses in the distinctive garnet-bearing schist. The host garnet-bearing schist interval is continuous over 5 kilometres of strike length, has an approximate thickness of 100 metres, and is exposed over dip lengths of 100 to 200 metres thus indicating the potential for 150 to 250 million tonnes of graphite-bearing rock. The estimate of potential deposit tonnage is based on the Company's geological mapping in 2011. Four 2011 samples of the garnet-bearing schist contain 9.1 to 21.8% graphite. Sampling of high grade lenses within the garnet-bearing schist contains up to 56.9% graphite. A historical composite chip sample across a 16 metre outcrop of garnet-bearing schist contained 8.36% graphite. Other schists in the area contain 2 to 6% disseminated graphite. The potential size and grade of the Graphite Creek deposit is conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in discovery of a mineral resource. The property is 3 kilometres away from intertidal waters at Windy Cove, approximately 20 kilometres away from road systems, and 3 kilometres from an airstrip to the east.
About Cedar Mountain Exploration Inc.
CEDAR MOUNTAIN EXPLORATION INC. (CED: TSX-V) is a mineral exploration company with a clear and distinct business strategy to identify, acquire, and explore high potential projects ready for rapid advancement. The Graphite Creek Property on the Seward Peninsula of Alaska fits with the Cedar Mountain business strategy offering significant potential for the discovery of large-flake, high-grade graphite exposed at surface. Cedar Mountain has an option to earn a 100% interest in the Graphite Creek project and plans to rapidly advance the property to a NI 43-101 compliant resource.
The graphite market is only beginning to open up as green technology takes more precedence in the world today. Graphite is vital for lithium-ion batteries, pebble bed nuclear reactors, and fuel cells amongst other uses. Graphite has been named a "supply critical mineral" and a "strategic mineral" by the USA and European Union as more demand is being created that surpasses the supply threshold. This has allowed for the price of graphite to rise, as over the past 7 years the price has nearly tripled. Graphite is the mineral of tomorrow and as such, cannot continue to be overlooked and undervalued.
ON BEHALF OF THE BOARD OF DIRECTORS Charles Chebry Chief Executive Officer Tel: (403) 283-0001 Email: charles@chebry.com
For more information on Cedar Mountain Exploration Inc. please visit the Company's website www.cedarmountainexp.com or contact:
Anthony Huston VP Business Development & Director Tel: (604) 697-2862 Email: anthonyh@cedarmountainexp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com
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