VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 11, 2012) - Standard Graphite Corp. (TSX VENTURE:SGH) (the "Company") is pleased to report the discovery of a new graphite zone on the eastern portion of its Mousseau East Graphite project. The new zone was discovered on the eastern side of Oat Lake during a ground follow-up of the TDEM anomalies defined during the property-scale airborne geophysical survey.
In late July 2012, the company initiated a systematic prospecting program on the project putting the emphasis on the conductive axis traced during the TDEM survey performed during the same month. The primary objective of this program was to explain a series of well-defined conductors on the eastern portion of the property where no historical work was reported.
The ground crews successfully located graphite horizons in areas adjacent to the anomalies and an important discovery was made while traversing along a conductive axis on the southern flank of a hill close to Oat Lake. A graphite outcrop (19.6% Cg) was found within the characteristic rusty weathered schists and bears all similarities with the richer surface occurrences found in the main zone.
The company is immediately moving forward with applications for the necessary permits required to evaluate this discovery. An application has been made with the MRNF to strip and drill the new graphite outcrops and work will begin immediately upon receiving the necessary authorizations. The objective is to ascertain whether this mineralization forms the direct continuity of the main zone or whether it is an entirely different horizon.
Chris Bogart, President and CEO explains: "This recent discovery could significantly impact the project and therefore Standard has decided to quickly focus its attention on the eastern side of the project. Additional drilling has been planned to better evaluate the implication of this new zone."
To view a map of the results please click here:
Antoine Fournier P. Geo. manages Standard's exploration and development programs and is the Qualified Person as defined by National Instrument 43-101. He supervised the preparation of the technical information in this release.
About Standard Graphite
Standard Graphite Corp is focused exclusively on the exploration and development of a large portfolio of flake graphite properties in Canada. The company is rapidly positioning itself as North America's premier pure-play graphite exploration company and it controls 100% interest in 13 highly prospective graphite properties within known graphite districts in both Quebec and Ontario. An aggressive 2012 exploration strategy has commenced and will be implemented by a geologic team with the pedigree of a previous world-class graphite discovery.
ON BEHALF OF THE BOARD
Chris Bogart, President & CEO
The foregoing information may contain forward-looking statements relating to the future performance of Standard Graphite Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Standard Graphite Corp.'s filings with the appropriate securities commissions.
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