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Focus Graphite Inc (2)
Symbol FMS
Shares Issued 55,166,396
Close 2022-07-28 C$ 0.20
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Focus Graphite launches Lac Tetepisca phase 2 drilling

2022-07-28 19:20 ET - News Release

Mr. Marc Roy reports

FOCUS GRAPHITE BEGINS PHASE 2 (12,000 METRES) OF ITS 2022 CORE DRILLING PROGRAM ON ITS LAC TÉTÉPISCA PROJECT

Focus Graphite Inc. has launched the second phase (12,000 metres) of its 2022 core drilling program on its Lac Tetepisca project. Phase 2 of the program was initiated following the receipt on July 6 of two land use permits from the Ministry of Forests, Wildlife and Parks of Quebec (MFFP) relating to the Manicouagan-Ouest graphitic corridor (MOGC) deposit sector and the areas of the West Limb and Southwest MOCG exploration targets. The Lac Tetepisca graphite project is wholly owned by Focus. It is located on the Nitassinan (ancestral territory) of the Pessamit Innuin the Cote-Nord region, 234 kilometres north-northwest of the city of Baie-Comeau. Marc Roy, chief executive officer of Focus, said: "Our team is pleased to have obtained the necessary approvals to launch the second phase of drilling on our Lac Tetepisca project. We are now able to continue exploration drilling on the West Limb and Southwest MOGC targets as well as deep infill drilling on the MOGC deposit."

The exploration drilling program for the West Limb and Southwest MOGC targets aims to validate the occurrence of graphite mineralization within the extension, of the magnetic and electromagnetic anomaly associated with the MOGC deposit, over an approximate distance of five kilometres. A deep infill drilling program is also under way at the MOGC deposit. The purpose of this program is to convert a portion of the 59.3 million tonnes (Mt) of mineral indicated mineral resources grading 10.61 per cent Cg* into measured resources, as well as a portion of the 14.9 Mt of inferred mineral resources grading 11.06 per cent Cg* in indicated resources. The conversion of inferred and indicated mineral resources to higher category resources is necessary to allow the MOGC deposit to reach the next step of the development process, the preliminary economic study (PEA).

* Source: Report entitled "NI 43-101 Technical Report, Mineral Resource Estimate, Lac Tetepisca Graphite Project, Quebec" prepared by DRA Global Ltd., Montreal office, filed on SEDAR on April 5, 2022, and available under Focus Graphite. To date, 31 holes have been drilled on the Lac Tetepisca project, based on the land use permits obtained previously (total: 6,483.65 metres). The preparation of core samples from these boreholes is under way at IOS Services Geoscientifiques Inc. laboratories located in Saguenay, Que., and the first batches of samples will be shipped shortly to COREM laboratories located in Quebec City for graphite carbon (Cg) and total sulphur (S(tot)) assays.

The drilling program was designed and operated by IOS acting as Focus's main contractor, while Table Jamesienne de Concertation Miniere (TJCM) of Chibougamau, Que., the company's technical adviser, is supervising the project. The drilling work was entrusted to Forage G4 of Val d'Or, Que. Qualified person Marc-Andre Bernier, Geo (QC), PGeo (Ont.), MSc, senior geoscientist for Table Jamesienne de Concertation Miniere, a consultant to the company and a qualified person as defined under National Instrument (NI) 43-101 -- Standards of Disclosure for Mineral Projects has reviewed and approved the technical content of this news release.

About the Lac Tetepisca graphite project

Focus Graphite's 100-per-cent-owned Lac Tetepisca graphite project comprises two contiguous properties, Lac Tetepisca and Lac Tetepisca Nord, located in the Southwest Manicouagan reservoir area of the Cote-Nord region of Quebec on the Nitassinan of the Pessamit Innu, 234 kilometres north-northwest of the city of Baie-Comeau, an industrial city located where the Manicouagan River intersects the north shore of the St. Lawrence River. Together, the two properties form a block of 125 map-designated claims (total area: 6,737.50 hectares). Focus purchased a 100-per-cent unencumbered interest of the mineral rights in the 67 CDC claims constituting the original Lac Tetepisca property from a third party in August, 2011. The Lac Tetepisca Nord property was map-staked by the company in 2012. The Lac Tetepisca project is accessible year-round by way of a network of secondary gravel roads that extend north from Highway 389, 10 kilometres to the south of the Manic 5 hydroelectric power station. Additional maps of the Lac Tetepisca property showing the location of the West Limb and Southwest MOGC targets and the MOGC graphite deposit, along with drill sections, are available on the company's website.

About Focus Graphite Inc.

Focus Graphite is an exploration and development company that seeks to produce flake graphite concentrate at its wholly owned Lac Knife and Lac Tetepisca flake graphite projects located in the Cote-Nord administrative region of Quebec. As part of its mission to build long-term, sustainable shareholder value, Focus Graphite is also evaluating the feasibility of producing value-added specialty graphite products, including battery-grade spherical graphite.

Focus Graphite is a technology-oriented graphite development company with a vision for building long-term, sustainable shareholder value. Focus Graphite also holds an equity position in graphene application developer Grafoid Inc. Focus Graphite is committed to operating in a socially, environmentally and ethically responsible manner.

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