The LAB Graphite Property is comprised of 14 mineral claims in one contiguous block totalling 738.12 hectares’ land on NTS 31J05, near the town of Mont-Laurier in southern Québec. The Company acquired the LAB Property under an agreement dated June 24, 2019, where it earned a 100% interest (subject to a $CDN 2.00 Tonnage Royalty to the Vendor) by paying $10,000 cash and issuing $40,000 worth of shares.
The LAB Graphite property is underlain by Precambrian age rocks of the Grenville Series comprised of quartzofeldspathic, garnetiferous paragneiss and limestone / marble beds. Quartzites are the least abundant of rocks in this Series. The igneous rocks which have invaded the metasedimentary sequence consist of gabbros, monzonites, anorthosites and diabase. Paragneiss is generally fine to medium grained with a variety of compositions such as, quartzo-feldspathic gneiss, biotite gneiss, biotite-garnet gneiss, biotite-garnet-silliminite gneiss and biotite-hornblende gneiss. All compositional varieties contain some graphite. Narrow (30 cm) beds of quartzite are found interbedded with biotite-garnet gneiss at places. Quartzite found as thin beds contains impurities such as feldspar/ microcline, biotite, hornblende, garnet, graphite, and define its color which can be white, grey, blue-grey, or pink-grey. Marble is also found as thin beds up to 1.5-metre-thick and is generally medium grained crystalline limestone. Like quartzite, it also contains impurities such as phlogopite, graphite or serpentine. Gneissic bands of amphibolite are also found in paragneiss which are mainly composed of black or green hornblende, biotite and plagioclase. These are mostly medium grained rocks and exhibit a “salt and pepper” texture. Gabbroic rocks are found in the southern parts of the Property and are mainly comprised of feldspar and hornblende. Post Grenville lithologies on the Property are mainly east-west trending diabase dykes which are dark grey to dark greenish grey intruding into paragneiss rocks. The unconsolidated surficial deposits of glacial, fluvial, and lacustrine origin cover a large area of the property and surrounding region.
The LAB Graphite Property lies adjacent to the south of TIMCAL’s Lac des Iles graphite mine in Quebec which is a world class deposit and was producing 25,000 tonnes of graphite annually. There are several graphite showings and past producing mines in its vicinity. Graphite is commonlyfound in the Grenville Province rocks throughout this region and has been commercially mined from a number of deposits located between Mount Laurier in the north to the Ottawa River in the south.