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Saint Jean Carbon Inc.

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Summary

Project:

Bell Graphite

Deposit:Bell Graphite
Location:Canada
Commodities:Graphite
Date:1/5/2018
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Resources Definition
Report details:5-1-2018: Saint Jean Carbon Inc. announces a Resource Estimation report for its Bell Graphite deposit at the Bell Graphite project. Updated Mineral resource from historical estimate. On September 1rst, 2017, Mr Paul Ogilvie, Chairman and CEO of Saint Jean
Resources:x
CP/QP:[Resources]: Jacques Marchand (Internal)
ABSTRACT:On September 1rst, 2017, Mr Paul Ogilvie, Chairman and CEO of Saint Jean Carbon Inc. (SJL), commissioned Christian Derosier Géologue-Conseil inc. to prepare an independent, NI 43-101 compliant technical report (Report) on its 100% owned Bell Graphite project (Project), located in municipality of l’Ange-Gardien, Buckingham area, Quebec, Canada. The Authors visited the Project area on September 26, 2017. Previously, Dr. Christian Derosier , P. Geo. visited the project at multiple times and supervised the 2017 diamond drilling program which took place in April and May 2017. The Bell Graphite Property is located 135 km west of Montreal, Quebec, and 30 km northeast of Ottawa, Ontario; immediately east of the town of Buckingham. It consists of 13 CDCs (claims désigné sur carte) or map staked claim designated cells, for a total area of 781 ha. Historically, the Bell Graphite Mine produced about 6,700 tons of graphite between 1906 and 1912 while the New Québec Mine produced 2,500 tons of graphite from 1912 to 1920. Exploration drilling using a standard drill machine with EXT core size, was performed in the early fifties for a total length of 1,497.02 m. This drilling campaign defined the downward extension of the Bell graphite deposit. A historical mineral estimation demonstrated the existence of 185 100 tons of mineral resources grading 9.4% graphite (1952, not compliant with NI 43-101). The mineralization is found at a depth of less than 80 m, with an average mining width of 4.2 m. Frobisher Ltd. concluded that sufficient ore of commercial grade was present to support an operation on the scale of 100 to 150 tons per day for at least a decade

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