Mason Graphite is a Canadian mining company focused on the exploration and development of one of the highest grade graphite deposits known in the world. Its 100% owned Lac Guéret graphite property is located in northeastern Québec near the main service center of Baie-Comeau and currently hosts a National Instrument 43-101 compliant Mineral Resource issued in December 2013 featuring 50,024,000 tonnes grading 15.6% Cg (carbon as graphite), including 6,672,000 tonnes at 32.4% Cg, in the Measured and Indicated categories and 11,861,000 tonnes at 17.1% Cg, including 2,637,000 tonnes at 30.5% Cg, in the Inferred category.
Excellent exploration potential exists on the property with the current mineral resource based on exploration of only one of two defined graphite zones. To date, 170 holes totalling approximately 26,500 metres have been drilled on the Lac Guéret property.
By the end of 2015, the Company intends to have developed the Lac Guéret project into one of the world’s highest grade graphite producers. Mason Graphite's management team is led by Benoit Gascon, CA CMA, who has held 20 years of executive positions at Timcal, including over 6 years as CEO. Timcal, now owned by Imerys, is the largest graphite producer in the world.
The NI 43-101 compliant Measured & Indicated mineral resource from July 2012 featured 7.6 million tonnes grading 20.4% Cg. 20.4% Cgr is the equivalent to about 9.1 g/t gold (assuming graphite price of $1,750 and gold price of $1,250. Source: Craig Miller at TD Securities)
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