StrategX Elements (CSE:STGX) expands its energy transition metals portfolio with high-grade graphite discovery at Nagvaak on Melville Peninsula, Nunavut. The company conducted a preliminary characterization of the high-grade graphite drill core intersections, which provides encouraging results for high purity, jumbo flake graphite mineralization that was easily isolated with simple water separation.
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StrategX Elements Corp. (CSE:STGX) has added high-grade graphite to its energy transition metals discovery portfolio at Nagvaak.
Nagvaak is one of the company’s portfolio of 5 stand-alone projects situated on the East Arm of the Great Slave Lake, Northwest Territories, and the Melville Peninsula, Nunavut.
This first-mover advantage in underexplored regions presents a unique opportunity for investors to be part of multiple discoveries and the development of new districts for metals essential for the transition to green energy.
Nagvaak is strategically situated in a greater than 10,000 square kilometre regional Proterozoic sedimentary basin, hosting large targets in energytransition metals.
The company conducted a preliminary characterization of the high-grade graphite drill core intersections, which provides encouraging results for high purity, jumbo flake graphite mineralization that was easily isolated with simple water separation.
The graphite potential identified in surface grab samples and a past petrographic study substantiates the findings.
The graphite zones are also considered one of the host rocks for nickel, vanadium, molybdenum, zinc, copper, and silver mineralization at its Nagvaak property.
Darren Bahrey, President and CEO, stated: "We are excited to add graphite to our energy transition metals portfolio. Our exploration team is putting the Melville Peninsula on the map as a major new prospective region to discover critical minerals for the global energy transition."
Based on field observations of the graphite zones identified in the drill core, samples were analyzed for graphitic carbon (Cg) content.
The results returned significant intervals of high-grade Cg values.
Large flake graphite was identified in the drill core during the 2022 program, and a petrographic study was completed on surface grab samples, which supports a large, high-quality graphite flake at Nagvaak.
By using a simple water separation process, the modal abundance of all minerals indicates a high purity of up to 95.83% graphitic carbon.
Composite samples taken from DDH#1 and DDH#14 drill intersections returned 22.2% Cg over 8 metres and 21.2% Cg over 4 metres, respectively.
Surface sampling and geophysical signatures indicate potential multiple horizons of graphite occurring along the 6 km mineralized corridor.
Management believes more tests will show that it checks all the boxes for high-quality flake graphite, with known multiple graphite horizons identified at the surface and depth in the established target areas.
The company's next steps are to further evaluate the quality of the graphite in additional surface and drill core samples and determine the extent and dimensions of graphite mineralization at Nagvaak.
StrategX contracted Saskatchewan Research Council (SRC) to conduct a QEMSCAN study on drill core intersections from DDH#1 and DDH#14, high-grade zones that returned 22.2% Cg over 8 metres and 21.2% Cg over 4 metres, respectively.
The two composite samples are effectively identical in terms of graphite flake shape and size, with graphite purity of over 90%.
QEMSCAN identified jumbo flake graphite up to 425 microns and flake distribution in terms of particle count shows graphite flakes are close to the ideal hexagonal shape.
Additional work on these samples is recommended, including determining the coarse liberation size of graphite flakes and methods for properly recovering larger graphite flakes without excessive crushing.
The significance of graphite in the energy transition is enormous, as the anode of lithium-ion batteries for electric cars will drive the demand in the future, with an expected annual supply deficit reaching up to 8 million tonnes by 2040.
Graphite represents the largest component of the batteries, and there is no current replacement for graphite in the anode. In addition to the grade and size of deposits, graphite quality is important.
Specifically, flake size, shape and purity are key determinants for value per tonne and ease of processing.
Benchmark Minerals Intelligence estimates that approximately 97 new natural graphite mines need to come online by 2035.
The shares are trading at $0.40.
For more information on the company and its other properties, please visit the company’s website www.strategXcorp.com, contact Darren Bahrey, President and CEO, at 778-231-2767 or by email at info@stategXcorp.com
