JUMBO FLAKE GRAPHITE PROPERTY
New discovery area includes the highest grades sampled to date that are coincident with the strongest a most discrete SkyTEM conductive zones
- a large, 15,048 hectare (150.48 square kilometer or km) property comprised of 26 mineral tenures;
- conductive features delineated in an airborne SkyTEM (Time Domain Electromagnetic or "TEM") survey (see photo lower right) are consistently associated with a graphitic horizon throughout the Property;
- appears that all the TEM-indicated conductors, with a cumulative length of roughly 50 km of conductive horizon, may be related to a single continuous complexly folded graphitic sequence;
- initial metallurgical testing (SGS Lakefield) of a 10kg sample from the Property’s Big Flake area, with a head-grade of 3.81% carbon graphite (Cg), returned an average purity grade of 96.0% Cg with a total of 45.5% of the crystalline flake reporting to or above the large flake (+80 mesh) category after processing;
- latest surface rock sampling program returned up to 16.6% Cg in one selected sample* from the new discovery area;
- the new discovery area includes the highest grades found to date that are coincident with the strongest and most discrete TEM conductive zones.
- Noram has entered an agreement to test graphite from the Jumbo Property as a source material for a new environmentally-friendly graphene production process developed by BEGO Advanced Materials.
* Note: the high-grade sample result referenced above is not necessarily representative of the mineralization hosted on the Property.
The Jumbo Property covers a large 15,048 hectare (150.48 square km) area consisting of the original claims (10,435.44 ha) Noram optioned in 2012 and the additional, contiguous claims (4,509.28 ha) that Noram staked in 2013 to cover exposures of well bedded graphitic schistose sediment and projected extensions of a TEM anomaly. See location map & TEM map (right).
The latest exploration work consisted of further prospecting and rock sampling over roughly 6,000 hectares of the Property. The program focused largely in the areas of the strongest and most discrete TEM conductive zones.
A total of 84 selected rock grab samples were collected and sent to ALS Minerals in North Vancouver, BC for graphite analyses using a LECO process. Graphite mineralization was encountered in all conductive zones sampled with sample assay values ranging from a low of 0.24% Cg (Sample 626429 - grab of massive skarn pyrite with trace flake graphite bedrock location above Branch 1 Road) to a high of 16.6% Cg (Sample 626421 - grab of high grade subcrop dark grey black massive crystalline flake graphite location Branch 67 Road). For further clarification, all rock sample locations and carbon graphite contents are plotted on map (right) along with the TEM-indicated conductors.
As previously reported, it appears that all the TEM-indicated conductors, which have a total length of approximately 50 km, may be related to a single continuous complexly folded graphitic sequence. This conductive horizon has the potential to host significant concentrations of graphite and very little of the total strike length has been tested to date.
Based on all results to date, further drilling is recommended in the South Limb area and the Branch 1 and upper Branch 67 areas where significant graphite mineralization was observed in the latest sampling program (see map above right). Several other strong and well defined conductive features should also be drill tested to maximize coverage. Detailed structural geological mapping would logically be conducted in these selected areas prior to drilling to determine optimum dip angles and practical collar locations.
A total of 3,000 meters of core drilling is recommended in 20 to 25 holes. This program is has been estimated to cost approximately $700,000.
Preliminary metallurgical testing carried out by SGS Lakefield has also demonstrated the potential to realize high-value, crystalline flake graphite distribution and recovery from the Jumbo property. A 10 kilogram sample from the Big Flake area (see photo right), with a direct measured head grade of 3.81% Cg returned an average purity grade of 96.0% Cg (LOI) with a total of 45.5% of the flake graphite reporting to or above the large flake (+80 mesh) category after processing. See news release of May 16, 2013 for complete metallurgical results. The Jumbo Property is located in the Slocan Mining Division ~15 km southwest of the town of Nakusp on the west side of Upper Arrow Lake (See: Location Map). A network of logging roads crisscross the Property and a secondary road connects it to BC Hwy 6, located ~20 km to the south. Power and water are readily available. And a labour force with mining experience is well established in most towns and cities throughout the Nakusp-Arrow Lakes region, which has a rich history of mining that dates back to the 1860s.
Gord Allen, B.Sc., P.Geo. and Qualified Person as defined in NI 43-101, has reviewed and approved the technical information herein on behalf of the Company.