December 18, 2014, Toronto: Great Lakes Graphite Inc. ( “Great Lakes” or the “Company”), is pleased to provide the following update on the 2014 Lochaber Winter Drill Program. Mr. Kyle Loney, President of Wolf Mountain Drilling, the contractor conducting the Lochaber drill program, reports that three of the six 100 m holes have now been completed. Further, Mr. Loney indicates that the program continues to progress on schedule. Mr. Sébastien Bernier, P.Geo., a representative of SRK Consulting, who have been engaged to complete a NI-43-101-compliant resource estimate on the Lochaber property will be on site commencing this weekend.
Mr. Paul Gorman, CEO said “This drill program will provide important infill exploration data for the resource estimate as well as the Feasibility Study that is anticipated to follow immediately upon completion of the estimate. As each drill hole is completed, the drill core is being transported to our Sudbury core shack. Once there, the core is logged, split and prepared for assay. Core samples will then be shipped to AGAT Laboratories, Inc. in Mississauga for analysis. The Company anticipates that drilling will be completed before year end.”
Pictures from the 2014 Winter drill program are available on the Great Lakes Graphite website here:
Mr. Martin Éthier, P.Geo., who is a Member of the Order of Geologists of Québec and a “Qualified Person” under NI 43-101, has reviewed and approved the technical content of this press release.
About Great Lakes Graphite: Great Lakes Graphite Inc. 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 particularly with the advancement of battery storage, mobile battery systems and alternative energy infrastructure.
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 natural graphite, where pricing and demand continue to rise.
The Company, through strategic acquisitions and capable management will become a leader in the industrial minerals marketplace. The Company’s flagship graphite property is located in Lochaber Township of southwestern Québec. The Company has also entered into option and joint venture agreements with Eloro Resources Inc.(TSXV:ELO) on the Summit-Gaber Cobalt property located in the La Grande Greenstone Belt in the Baie James region of Québec. Further information regarding Great Lakes can be found on the Company’s website at: www.GreatLakesGraphite.com.
Great Lakes Graphite trades with symbol GLK on the TSX Venture Exchange and currently has 73,714,818 shares outstanding (110,278,654 fully diluted).
For more information, please contact:
|Paul A. Gorman, CEO
Great Lakes Graphite Inc.
|First Canadian Capital Corp.
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