Mason Graphite ( CVE:LLG ) says it has awarded a drilling contract to diamond drilling specialist Fo

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Mason Graphite is a Canadian mining company focused on the exploration and development of its 100% owned Lac Gu ret graphite project in northeastern Quebec. The graphite grade on this property is among the highest in the world and the company intends to transition the project to production by the end of 2015.
The company recently provided investors with an update on its flagship project, saying it plans to complete a number rental cars phoenix az of steps that would de-risk the asset even further in the upcoming months, such as the start of a feasibility study and piloting program.
Mason Graphite ( CVE:LLG ) says it has awarded a drilling contract to diamond drilling specialist Foramex, which is based in Quebec, for its upcoming exploration rental cars phoenix az campaign at its Lac Gueret graphite property near Baie-Comeau.
The company recently provided investors with an update on its flagship project, saying it plans to complete a number of steps that would de-risk the asset even further rental cars phoenix az in the upcoming months, such as the start of a feasibility study and piloting program.
The company has come a long way since acquiring the Quebec project in April of last year, completing 26,500 metres of drilling since that time, and providing an NI 43-101 compliant resource and preliminary economic assessment for the property.
Mason even last month unveiled some outstanding preliminary results testing the purity of graphite from its flagship Lac Gu ret project, opening up the size of its potential rental cars phoenix az customer base to applications that require extremely high purity levels. According to a company statement released in late September, Mason announced purities of 99.9% graphitic carbon from preliminary tests using a conventional hydrometallurgical process concentrated at SGS Canada in Ontario, improving on results seen in the preliminary economic assessment study of the project. Further larger-scale testing, from which results will be included in the upcoming feasibility study, rental cars phoenix az are underway.
Mason is expecting to release an updated resource estimate for the project by November this year, with additional drilling from 146 holes since the last resource report was released in July 2012. All the data from the 2012 drilling campaign has now been obtained, with 3D modeling of the mineralization currently underway.
Mason's project, rental cars phoenix az which is located near the city of Baie-Comeau with a road running straight up to the deposit and all other services nearby, has 0.3 million tonnes of resources at 24.4% graphitic carbon (Cg) in the measured category, and 7.3 million tonnes grading 20.2% Cg in the indicated category. The project s estimated average grade is 27.4% for the first 22 years of mine life, according rental cars phoenix az to preliminary economic results released in April, for a pre-tax IRR of nearly 34%. The current resource is based on only 17% of the known mineralized zone.
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