Standard Property

Facts about the Property

The 2022 geophysical survey completed over the area identified conductive anomalies outlining the graphite zone, which extends over 500 meters, and encompasses the historical mine.

Luisa Moreno, CEO, stated: “Based mostly on historical reports we were able to drill right through the high-grade mineralization at the historical Standard mine. Going forward we will develop a detailed exploration plan for Standard, starting with airborne geophysics, with the aim of defining additional significant resources within trucking distance that could be added to future production from the historical resource at Lac Aux Bouleaux. The forward plan is to consolidate potential resources from our regional claims and to feed our own centralized processing plant using the existing mill buildings at Lac Aux Bouleaux.”

Prospecting work consisting of ground geophysics and trenching will be conducted in 4th Q2022 to identify drilling targets.

Climate

The Mont-Laurier area has a continental temperate climate with warm humid summers and cold and snowy winters, particularly in January. There are wide temperature variations in each season. The average winter temperature in the area ranges from -4C° to -17C°, and the average summer temperature varies between 10C° to 27C° (Figure 3). Except for geological mapping and surface sampling, which is only possible when there is no snow cover on the ground, the exploration work can be carried out throughout the year.

History

The original operators produced graphite on a small scale between 1923 and 1930 but ceased operations due to the low unit price of graphite during the 1929 market crash. Moreover, it seems that the small-scale operation and the inefficient milling process known at that time may have led to the failure of the enterprise but not for lack of ore.

Geophysical surveys completed in the 1980s over the area identified a conductive anomaly outlining the graphite zone, which is 500 meters long and confirmed by the old 1922 trenches and pits in the immediate area of the historical mine.

An airborne geophysical survey covering a larger area will be conducted in June/July of 2022.

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