Galaxy Graphite Corp.
TSX VENTURE : GXY

November 18, 2013 09:00 ET

Galaxy Graphite Corp. Receives Drill Permit for Parent Graphite Property, Quebec

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 18, 2013) - Galaxy Graphite Corp. (TSX VENTURE:GXY) (the "Company" or "Galaxy") is pleased to announce that it has received a permit from the Quebec Ministère des Ressources naturelles for a drill program on the Parent project. Drilling is expected to commence on November 25, and will consist of approximately 800 metres in four drill holes.

Parent Graphite Property, Quebec:

The Parent property is located approximately 20 km NW of the town of Parent, PQ and 300 km NNW of Montreal. It is located within eight km of an all-weather highway. CN Rail provides railway service to Parent. Geologically, the project is located within the Grenville Province, in a metasedimentary belt comprising mainly quartzites and quartz-biotite gneisses. A field program of line cutting, prospecting and sampling, along with ground geophysics, was recently completed. Results are pending.

About Galaxy

Galaxy Graphite Corp (TSX VENTURE:GXY) is a publicly traded Canadian exploration company which is focused on exploring and developing graphite properties, especially in the Grenville geological province in eastern Canada. In addition, the company is exploring a highly prospective gold property in northeastern Saskatchewan, Brownell Lake.

Chris M. Healey, P.Geo, President and CEO of Galaxy, and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

ON BEHALF OF THE BOARD

Chris M. Healey, President and CEO

We seek safe harbor.

Neither 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.

Contact Information

  • Galaxy Graphite Corp.
    (604) 921-1810
    (604) 921-1898 (FAX)