MarketWire/The Wall Street Journal, 06/04/2012
Focus Graphite Inc.CA:FMS 0.00% (otcqx:FCSMF)(frankfurt:FKC) (“Focus” or the “Corporation”) is pleased to announce that it has signed a Letter of Intent (the “Agreement”) with Lara Exploration Ltd. (“Lara”) for Lara’s wholly-owned Caninde graphite project located in Ceara State, northeastern Brazil.
The Caninde project comprises 11 registered exploration licenses and an additional six exploration licenses pending approval by the Brazilian Department of Mines (“DNPM”). The project covers a total surface area of 15,615 hectares and hosts 22 surface graphite occurrences discovered by Lara in mid-2011.
The occurrences define a 16 km long, north-northwest trending graphitic corridor in high-grade metamorphic rocks within the Project area. Individual graphite occurrences range in width from less than 1 m to maximum of 10 m and host from 1-2%, disseminated graphite in paragneiss and schist (mostly flakes) to over 50% graphite in narrow lenses in gneiss, schist, pegmatitic migmatites and in brecciated horizons in gneiss. Graphitic carbon contents for surface grab samples from 15 of the occurrences range from less than 1% to a high of 42.04 %. The project is accessible by road.