Highlights

  • 7 licenses (82 claims over 13.3 km2), option to acquire 80%, 3% NSR
  • 1.8km x 8km permit located 25 kilometers west of Sydney, Nova Scotia
  • Strategically located to supply the resurgent demand for graphite in North America as current supply from China (70% of worldwide production) is restricted/unstable and presents quality consistency issues.
  • Recent aeromagnetic survey (11/17/2017) clearly identifies strong anomalies NE of the known graphitic marble deposit.
  • 1300 m of drilling completed.
  • 10 holes intersected 40m+ of high-grade graphitic marble.
  • Access to world-class infrastructures such as: paved local roads, power supply and a new port being developed in the Sydney harbour.
  • Trained labour pool in the Sydney area with a strong industrial background (steel mill and long history of coal mining)
  • Untapped potential to expand the resource of rare graphitic marble as only 400m of the 8km target zone has been tested.

Accessibility

The property is easily accessible by paved roads and in close proximity of powerlines. With the potential construction of NOVAPORT, a deep-water mega-terminal in Sydney, trans-Atlantic shipping would be readily available. Sydney has a highly skilled workforce, having an extensive history in steel manufacturing and coal mining.

Geology

The property is largely underlain by the George River Group. The Precambrian George River Group on the property largely consists of marble interbedded with quartzite, dolomites, minor slates and their metamorphic equivalents generally striking in a northerly direction and dipping vertically or steeply to the west. The George River Group is bounded on the northwest by the younger Boisdale Hills Pluton, biotite granite. It is bounded on the southeast by the metasedimentary Carboniferous Grantmyre Formation and the Devonian McAdam Lake. The George River Group marbles underlying the Property host graphite in flake and massive form. The mineralization is concentrated in marble and dolomitic horizons within the property. The mineralization is found throughout the zones and the full extent has not been defined by work to date. The mineralization has been observed in the marbles along a strike length of approximately 9.5 kilometers and a widths up to 300 meters. The concentrations of graphite vary with the highest concentrations being found in dolomitic zones and in proximity to barren pegmatite dykes. A TDEM heliborne survey was carried out in 2017 over the property allowing the discovery of four important conductive zones located in the northeastern area and associated with graphite-mineralized lithologies. MCM has carried out prospecting, drilling and geophysics on the Property; all of which indicate an extensive mineralized zone.

Historical works

  • 2004 – As part of a regional reconnaissance exploration program, Mt. Cameron mapped extensive beds and ridges of graphitic marbles and schists of Precambrian (Grenvillian) age on the eastern flank of the Boisdale Hills, some 25 km west of Sydney, Nova Scotia. Preliminary metallurgical work on samples taken during the mapping campaign determined the graphite is of the rare flake form. Average grade of the graphitic marble surface samples was > 4% graphite (Cg);
  • 2007 – The Province, through the Office of Economic Development and DNR, commissioned a graphite market study to determine market trends and supply / demand worldwide. The study determined the Property had good potential to be one of the largest graphite mines in the world. There are indications this deposit is substantial and has the potential for an annual production as high as 200,000 tonnes of ultra high purity flake graphite and still maintain a 20 year, or longer, mine life;
  • 2008 – In August 2008, Mt. Cameron initiated an exploration and metallurgical testing program budgeted at $4 million. Initial results from deep penetrating geophysics, drilling, assaying, bulk sampling, and pilot plant testing at the Mineral Engineering Centre at Dalhousie University met or exceeded expectations;
  • 2009 – Further metallurgical work determined the flake graphite could be readily separated from the marble by flotation with expected commercial production after refining above 99% graphite. Bench scale metallurgical testing has already achieved a grade of 99.3% from a large bulk sample taken in 2008.
  • 2010 – A 1,300 m diamond drilling program identified an area west of Campbell Lake where 10 holes intersected up to 40 m of high grade graphitic marble extending about 400 m along strike. This area shows considerable promise for the development of a substantial mining operation.
  • 2017– A TDEM heliborne survey was carried out by Prospectair Geosurvey over the property allowing the discovery of four important conductive areas located in the northeastern area and associated with graphite-mineralized lithologies.

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