Sabre Graphite Corp. Provides Update
September 23 2013 - 9:00AM
Marketwired Canada
Sabre Graphite Corp. ("Sabre") (TSX VENTURE:SAG) is please to provide the
following update. Sabre has completed its initial evaluation of the samples from
its Burgess and Bedford graphite properties in Ontario. The company is very
encouraged by these initial results and has begun planning the next stage of
work.
Geochemical sampling at Sabre's 100% owned Burgess property in Southern Ontario
has returned positive results, including high grade graphite mineralization in
grab sampling from the West Zone graphite occurrence. Results are summarized in
Table 1.
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Sample Graphitic
Location Total Carbon % Carbon % Host Rock
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BR 15 Central Zone 0.34 0.31 Graphitic Shist
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BR 16 Central Zone 10.9 0.55 Graphitic Orthogneiss
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BR 18 Central Zone 11.8 0.26 Graphitic Marble
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BR 23 A East Zone 11.4 5.07 Graphitic Paragneiss
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BR 23 C East Zone 7.58 6.60 Graphitic Paragneiss
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West Zone West Zone 21.0 19.14 Graphitic Schist
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The West Zone at-surface high grade graphite occurrence has also recently
returned positive metallurgical test results. In 2010, a 750 kg composite bulk
sample containing this material and material from the Bedford project produced a
high purity, large flake graphite concentrate with suitable characteristics for
both high-technology and industrial graphite applications. The identification by
Sabre of very high grade material of up to 19% graphitic carbon in this area
makes this target a priority for ongoing work at Burgess.
The Bedford and Burgess properties are located less than 15 kilometers apart and
present opportunities for joint exploration and development. Both properties
overlie significant flake graphite occurrences. A historical non-NI 43-101
compliant resource estimate completed in 2000 at the Bedford Property shows
2,602,800 tonnes of 3.44% to 3.52% C (graphite) Measured and Indicated, and
1,268,000 tonnes of 3.44% C (graphite) Inferred, which remains open to
expansion. At the Burgess Property, nearly a century of exploration work has
identified numerous zones of graphite mineralization, with the West Zone
occurrence presenting excellent at-surface exposures of high-grade graphite
mineralization.
Assay results are provided by Acme Labs of Vancouver, British Columbia, and are
evaluated through a Quality Assurance and Quality Control (QAQC) procedure that
includes the use of laboratory standards with known carbon values, and
duplicated samples.
In addition the Company continues to evaluate other properties and
opportunities, and with its current working capital position of approximately
$2,300,000, it is in a strong financial position to advance its current projects
or any suitable projects that it is evaluating.
Chris Taylor, BSc, an independent consultant to the Company, is the qualified
person as defined under National Instrument NI 43-10 and has reviewed and
verified the metallurgical results referenced within this release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Sabre Graphite Corp.
David Antony
Chief Executive Officer
(403) 531-1710
dantony@sabregraphite.com
Sabre Graphite Corp.
Chris Taylor
(778) 938-5298
ctaylor@sabregraphite.com
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