March 26, 2014, Toronto: Shield Gold Inc., operating as Great Lakes Graphite (TSXV: SHG) (“Shield” or the “Company”) is pleased to announce that Paul Hynek has joined Great Lakes Graphite’s Management Team as Director of Technical Operations. Working from the Company’s Toronto offices, Paul will play a pivotal role in preparing the company for production.
Mr. Hynek brings over 35 years of metallurgical and graphite research experience to the Great Lakes Team. While working for Inco Limited for more than three decades he was involved in the development of base metal extractive metallurgical processes, fundamental research on thermodynamic properties of various metal-sulfur systems and new product development.
Paul helped establish and managed a state-of-the-art materials characterization laboratory at Inco for the development and physical characterization of materials primarily based on nickel and graphite for use in various industries. During this time, he co-authored three patents and developed image analysis software for studying the performance characteristics of rechargeable batteries.
Recently, Mr. Hynek has acted as an independent consultant for Industrial Minerals companies. In these roles, Mr. Hynek investigated methods of optimizing the crushing and grinding of ore and extraction of graphite to maintain a high level of purity where possible while preserving flake size, as well as writing much of the technical content for a number of company websites. He has studied techniques for the production of exfoliated graphite. Paul’s list of graphite related contacts in both industry and academia is extensive.
CEO Paul Gorman said “We are revving up activities on several tracks in order to achieve the shortest possible timeline to production. This includes everything from resource estimation and metallurgical studies to customer sampling programs and production planning. Running these activities in parallel will position us to hit our 2017 production target. Having professionals with the depth of experience that Paul Hynek brings to the table is how we mitigate our risk and maximize our probability of success.”
About Great Lakes Graphite: Shield Gold Inc., operating as Great Lakes Graphite, is an industrial minerals company with the mandate to bring graphite projects to production through the acquisition and development of high quality graphite flake properties. Graphite has moved to the forefront of the Industrial Mineral World as a Critical Mineral required for industrial use and as a major component in the development of new technologies. With the advancement of battery storage, mobile battery systems and alternative energy infrastructure, it is estimated that 20 new graphite flake mines will be required to keep up with demand by the year 2020.
As there are currently no graphite mines producing in North America, Great Lakes Graphite has the ability to become one of the first producers to supply a growing regional customer base that requires high-quality flake graphite, where pricing and demand continue to rise.
The Company, through strategic acquisitions and capable management intends to become a leader in the industrial minerals marketplace. The Company’s graphite properties are located in the Buckingham and Lochaber Townships of southwestern Québec. The Company has also entered into option and joint-venture agreements with Eloro Resources Inc. on the Summit-Gaber property located in the La Grande Greenstone Belt in the James Bay region of Québec. Further information regarding Great Lakes can be found on the Company’s website at: www.GreatLakesGraphite.com.
Shield trades with symbol SHG on the TSX Venture Exchange and currently has 42,504,819 shares outstanding (61,638,982 fully diluted).
For more information on Great Lakes Graphite, please contact:
Paul A. Gorman, CEO
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