FULL DISCLOSURE: This is sponsored content for Emergent Metals.
Emergent Metals (TSXV: EMR) has staked additional claims in Quebec. The claims, of which there are 32, cover a total land area of 1,790 hectares, and are found to the west of, and also abut, the Casa South Property.
The claims, together with the Casa South Property, are said to contain a graphite exploration target. The target covers a total of 75 mineral claims that amount to 4,194 hectares, and contains a north-west-southeast trending structure that is said to be 8 kilometres in length, and is associated with an iron formation structure.
“China just announced new export restrictions on certain graphite products, making the need for graphite production in North America even more critical in the battery supply chain. While historic explorers did not evaluate the graphite potential of the western part of the Casa South Property, it is clear from the drill logs that a well-defined graphite target exists from both geophysics and historic drilling that warrants exploration, including modern drilling and assaying to test the graphitic zones,” commented CEO David Watkinson.
That iron formation structure was identified by geophysics and historic assessment reports from exploration conducted in the 1970’s and 1980’s. Exploration at the time was primarily focused on gold and base metal deposits, with over a dozen historic holes conducted. No assays were conducted for graphite analysis, however significant graphite and graphitic zones are described within drill logs.
Those drill logs include hole FK-86-01, which indicates three separate zones of graphitic argillite were intersected for an aggregate 22.7 metres across three separate intersects at 184.0, 207.1, and 221.7 metres depth, including a 3.5 metre intersect of what is described as “massive graphite.” The hole itself was drilled in 1986 by Philippon Drilling, with no sampling conducted for graphite.
Emergent Metals last traded at $0.10 on the TSX Venture.
FULL DISCLOSURE: Emergent Metals is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Emergent Metals. The author has been compensated to cover Emergent Metals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.