Strike Graphite (TSX-V: SRK) has acquired two projects within a mining friendly, politically stable jurisdiction. Deep Bay East, Saskatchewan and Simon Lake, Saskatchewan. Both projects possess geologic traits for the discovery of significant, large flake graphite deposits. Poised for success, with aggressive exploration and development.
The Deep Bay East Project covers approximately 5,500 hectares (13,590 acres) and is located 25 kilometres east of the community of Southend, Saskatchewan and less than 15 kilometres east of the Deep Bay West Graphite Mine.
The property is noted for its potential to host a near-surface graphite deposit comprised of scarce, large-flake, high-purity graphite. The property is situated within high-grade metamorphic rocks of a sedimentary origin which is an ideal setting for the development of these types of deposits.
The Simon Lake Graphite Project covers 3,472 hectares (8,579 acres) located approximately 280 kilometres northeast of La Ronge, Saskatchewan and is a short distance east of Highway 905. The property consists of several showings of flake graphite mineralization in historic drill holes which were discovered during the exploration of base metals. Historic Drill Hole 2-72 encountered a graphitic, biotite gneiss with visual estimates of zones containing from a few percent up to 70 percent graphite across a 68 metre interval. Approximately 5.5 kilometres to the southwest, along a conductive zone, Drill Hole 42-5 encountered a graphitic, biotite gneiss with visual estimates of graphite ranging from 5 to 70 percent across a 21 metre interval.