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As of 11:37 AM 11/20/14 All times are local (Market data is delayed by at least 15 minutes).

galaxy graphite corp (GXY) Snapshot

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12/12/13 - C$0.08
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06/9/14 - C$0.01
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galaxy graphite corp (GXY) Details

Galaxy Graphite Corp. engages in the acquisition and exploration of resource properties in Canada. It primarily explores for graphite and gold deposits. The company owns a 100% interest in the Laurier Graphite property, which comprise 46 mineral claims covering approximately 2,300 hectares located in Laurier Township, Ontario. It also holds an option to acquire a 100% interest in the Brownell Lake property comprising 7 contiguous mining claims located to the southeast of La Ronge, Saskatchewan; and the Buckingham Graphite property consisting of 22 mining claims covering 1,324 hectares located to the east of Buckingham, Quebec. The company was formerly known as Galaxy Capital Corp. and changed its name to Galaxy Graphite Corp. in June 2012. Galaxy Graphite Corp. is headquartered in West Vancouver, Canada.

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galaxy graphite corp (GXY) Key Developments

Galaxy Graphite Corp. Auditor Raises 'Going Concern' Doubt

Galaxy Graphite Corp. filed its Annual on May 28, 2014 for the period ending Jan 31, 2014. In this report its auditor, Morgan & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Galaxy Graphite Corp., Annual General Meeting, Jun 11, 2014

Galaxy Graphite Corp., Annual General Meeting, Jun 11, 2014., at 11:00 Pacific Standard Time. Location: 217 - 179 Davie Street. Agenda: To receive and consider the audited financial statements of the company for the period ended January 31, 2014, and the report of the auditors thereon; to appoint the auditors for the ensuing year at a remuneration to be fixed by the directors; to elect directors for the ensuing year; to consider and, if thought fit, to approve the company's proposed rolling stock option plan subject to the policies of the TSX Venture Exchange; and to transact such other business as may be properly transacted at the Meeting or at any adjournment thereof.

Galaxy Graphite Corp. Receives Results for the Recently Completed 700-Metre 4 Hole Diamond Drill Program at the Parent Project

Galaxy Graphite Corp. announced that results have been received for the recently completed 700-metre 4 hole diamond drill program at the Parent project. Drilling was carried out by Forage André Roy Inc. of Saint-Isidore, Quebec. Assaying was carried out by AGAT Labs. Parent Graphite Property, Quebec: The Parent property is located approximately 20 km NW of the town of Parent, PQ and 300 km NNW of Montreal. It is located within eight km of an all-weather highway. CN Rail provides railway service to Parent. Geologically, the project is located within the Grenville Province, in a metasedimentary belt comprising mainly quartzites and quartz-biotite gneisses. A field program of line cutting, prospecting, mapping and sampling, along with ground geophysics, was completed in October 2013, and was followed by the drill program. Ten grab samples from the mineralized zones, collected at surface prior to the drill program yielded results in the range of 1.38 to 4.60% graphitic carbon, with an average of 3.18% Cg.


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