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Saint Jean Carbon First Drill Results, Encouraging

OAKVILLE, Ontario, Aug. 02, 2017 (GLOBE NEWSWIRE) -- Saint Jean Carbon Inc. (“Saint Jean” or the “Company”) (TSX-V:SJL) (OTCQB:TORVF), a carbon science company engaged in the design and build of green energy storage, green energy creation and green re-creation through the use of carbon materials is pleased to provide the preliminary results of diamond drilling executed on the Bell Graphite property, located in the Buckingham-Gatineau area. The purpose of the drilling campaign was to verify some historical drill holes (1951-52) and to extend the mineralized zones at depth, below the previous mining operations and to the South. The historical mining operation corresponds to a 400 m long narrow TDEM anomaly with a coincidence with a PhiSpy conductor.

/EIN News/ -- The 2017 drill holes have not been bored in the ascending order. The campaign comprised eleven drill holes totalling 1,338 metres in length.  To date the Company has received the assay results of seven of the eleven holes bored. The assay certificates cover 191 samples, including five blank samples and four graphite standards inserted at random intervals.

Sampling, preparation and assaying protocols were implemented to allow for the inclusion, sampling and/or preparation of various quality control samples at various stages in the regular sample process stream. These samples allow for monitoring and measuring precision, accuracy and potential contamination of samples throughout the sampling, preparation and assaying process.

In addition to the QC samples, a series of protocols were implemented to investigate results from using varied protocols for preparation and assaying of samples. Two Standards for Graphite, GR-1 and GR-4, provided by CDR Resources Laboratories Ltd., from Langley, BC, were used.

Core samples were sent to ALS Minerals ‘s laboratory in Val d’Or, Quebec. They were weighed, crushed, using method CRU-31 (70%, < 2mm), split and pulverized at 85% passing < 75um. Analytical procedures were C-IR06 and ME-MS41 Ultra Trace Aqua Regia ICP-MS. The C-IR06 consists of determination of Graphite by multistage furnace treatment to remove organic carbon and infrared detection on LECO.

Paul Ogilvie, CEO, commented: “The results of the drilling and all of the other property work is very important to the Company as the data will help our various projects.  We look forward to providing the second results of the drill project within the coming weeks.”

ASSAY RESULTS:

Hole BL-17-06 was collared on Section N-4 at a very short distance from Hole B-26 from 1952, oriented in the same direction and with the same dip. At the time, Hole B-26 was stopped at 47.87 m due to a lack of funds. Hole BL-17-06 intersected two mineralized zones enclosed by thick low-grade zones.

Graphite assay results and coordinates for Hole BL-17-06

Hole Number Easting Northing Azimuth Dip From To True width Cg
  mE mN ° ° m m m %
                 
BL-17-06 471388 5049691 118 -70 68.86 80.51 10.95 0.72
          80.51 86 5.16 6.13
          86 87.41 1.32 1.19
          98.74 105.67 6.51 1.32
          105.67 108 2.19 3.96

Hole BL-17-09 is bored on Section N-2, at about 50 m NW of historical Hole B-4 and 25 m below Hole -17-08.

Graphite assay results and coordinates for Holes BL-17-08 and BL-17-09, as well as B-4

Hole Number Easting Northing Azimuth Dip From To True width Cg
  mE mN ° ° m m m %
                 
BL-17-08 471377 5049633 118 -60 69 73 3.46 4.6
          73 92 16.45 1.35
                 
BL-17-09 471359 5049641 118 -60 57 64 6.06 1.39
          88 92 3.46 1.7
          92 98 5.2 3.59
    Including         2 5.46
          98 103 4.33 1.52
B-4 471409 5049615 118 -58.5 22.86 31.39 7.27 6.59
          32.16 32.77 0.52 7.7
          34.59 35.05 0.39 7.7
      All zones   22.86 35.05 10.39 5.29

Hole BL-17-07 was bored on Section N-3 at about 25 m below historical hole B-7. The hole intersected two mineralized zones with low grade shoulders.

Graphite assay results and coordinates for Hole BL-17-07 and Hole B-8

Hole Number Easting Northing Azimuth Dip From To True width Cg
  mE mN ° ° m m m %
                 
B-8 471409 5049645 118 -72 40.69 46.94 5.94 8.1
        Including   0.76 18.9  
          62.94 63.7 0.72 7.8
BL-17-07 471386 5049660 118 -75 54 57 2.9 1.42
          57 64 6.76 4.89
          64 70.61 6.38 1.52
          76 78.05 1.98 3.91

Hole BL-17-05 was bored on Section N-5 at about 30 m NW of hole B-25 (1952)

Graphite assay results and coordinates for Hole BL-17-05

Hole Number Easting Northing Azimuth Dip From To True width Cg
  mE mN ° ° m m m %
BL-17-05 471383 5049731 114 -50 56.35 57.15 0.61 4.58
          81 85.05 3.1 1.05
          85.05 93 6.09 5.28
          93 100 5.36 1.44
          100 103.21 2.46 4.87
                 
B-25 471419 5049705 118 -74.5 48.77 62.48 13.21 5.2
          69.65 76.96 7.04 11.63
          86.87 91.44 4.4 4.78

Hole BL-17-02 is collared on Section N-7 at 25 m NW of Hole BL-17-01 which is turn is about 12.5 m NW of B-20. Results of Hole BL-17-01 are still awaited. For topographical reason, the hole BL-17-02 is not collared in the center of the section. 

Graphite assay results and coordinates for Hole BL-17-02 and B-20 (1952)

Hole Number Easting Northing Azimuth Dip From To True width Cg
  mE mN ° ° m m m %
BL-17-02 471385 5049788 125 -70 116 119 2.81 6.72
          129 137.17 7.64 1.55
          137.17 139.54 2.22 4.81
          153.5 156 2.34 3.56
B-20 471447 5049764 118 -76 83.83 95.09 10.9 8.1

Those results indicate that the mineralized envelope is extending to more than 50 m at depth. The two holes started in an ESE-WNW oriented, thick and late diabase dyke. This last cuts the mineralized zone.

Hole BL-17-04 was bored to twin hole B-22 on Section N-6 and verify the presence of several mineralized zones intersected in shorter holes, located at about 25 m ESE.

Graphite assay results and coordinates for Hole BL-17-04 and Hole B-22

Hole Number Easting Northing Azimuth Dip From To True width Cg
  mE mN ° ° m m m %
BL-17-04 471425 5049733 118 -77 9 13 3.9 2.5
          35 43.11 7.9 1.29
          43.11 49.56 6.28 8.08
          49.56 53.63 3.97 1.29
          54.22 62.33 7.9 2.5
      Including       2.33 4.86
B-22 471434 5049734 118 -75 17.37 17.83 0.44 9.5
          51.05 57 5.75 13.09
          68.28 73.15 4.7 4.85

Hole BL-17-04 was stopped at 110 m. It supports the presence of the three mineralized zones. We are awaiting the results of Hole BL-17-03 bored at the same location.

Drill holes of the 2017 campaign were bored with the NQ core size (47.6 mm, 1.875 inch) while the 1951-52 drill holes were bored with the “standard” method and a EXT core size (0.905 inch, 22.99 mm). This last drilling method caused a lot of hole deviation. We are not sure that the twin holes are running totally parallel all the way down. Holes of the 2017 drilling program were controlled with the Reflex equipment, at the beginning of the hole if the casing was longer than 10 m and 6 m above the end of the hole.

The discrepancy observed between the 1951-52 results and the 2017 assays is mainly due to the difference in the length of core sampling and the different methods of assaying. 2017 core sampling followed the geology and mineralization with a minimum of 0.30 m core length. The majority of the core samples were 2 m long while in the 50’s, they did not exceed 5 feet (1.50 m).

We are encouraged by the preliminary results supporting the historical results and demonstrating the extension at depth of the graphitic mineralization, and for at least 300 m along strike.

SJL expects to further pursue its drilling program on the other TDEM and PhiSpy anomalies delineated on the Bell Graphite property.

Christian Derosier, P.Geo., PhD., is the qualified person (QP) as defined in National Instrument 43-101 and, acting on behalf of Saint Jean Carbon, has reviewed and approved the technical content of this news release.

About Saint Jean Carbon

Saint Jean is a publicly traded carbon science company, with specific interests in energy storage and green energy creation and green re-creation, with holdings in graphite mining and lithium claims in the province of Quebec in Canada.  For the latest information on Saint Jean’s properties and news please refer to the website: http://www.saintjeancarbon.com/

On behalf of the Board of Directors
Saint Jean Carbon Inc.
Paul Ogilvie, CEO and Director

Neither 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.

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Saint Jean’s business and affairs.  In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "intends”, "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

These forward-looking statements are based on current expectations, and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially.  The forward-looking statements in this news release assume, inter alia, that the conditions for completion of the Transaction, including regulatory and shareholder approvals, if necessary, will be met.

Although Saint Jean believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that these expectations will prove to be correct.

Statements of past performance should not be construed as an indication of future performance. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors, including those discussed above, could cause actual results to differ materially from the results discussed in the forward-looking statements. Any such forward-looking statements are expressly qualified in their entirety by this cautionary statement.

All of the forward-looking statements made in this press release are qualified by these cautionary statements.  Readers are cautioned not to place undue reliance on such forward-looking statements.  Forward-looking information is provided as of the date of this press release, and Saint Jean assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws.

Information Contact :
Email: info@saintjeancarbon.com
Tel: (905) 844-1200

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