galaxy graphite corp (GXY:Venture)
galaxy graphite corp (GXY) Snapshot
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Open
C$0.04
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Previous Close
C$0.05
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Day High
C$0.05
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Day Low
C$0.04
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52 Week High
05/28/12 - C$0.16
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52 Week Low
02/1/13 - C$0.03
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Market Cap
1.2M
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Average Volume 10 Days
37.8K
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EPS TTM
--
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Shares Outstanding
24.1M
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EX-Date
--
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P/E TM
--
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Dividend
--
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Dividend Yield
4,400.00%
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Related News
galaxy graphite corp (GXY) Related Businessweek News
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Galaxy Graphite Corp. engages in the acquisition and exploration of resource properties in Canada. The company has an option agreement to earn 100% interests in 7 mining contiguous claims located approximately 100 kilometers southeast of La Ronge, Saskatchewan; Sun Graphite property comprising 76 claims covering 4,205 hectares located approximately 125 kilometers northwest of Baie Comeau, Quebec; Buckingham Graphite Property; and Buckingham Graphite property that include 22 mining claims covering 1324 hectares located east of Buckingham, Quebec. It also has an option to acquire a 100% interest in Laurier Graphite property, which comprise 46 mineral claims covering approximately 2,300 hectares located in Laurier Township, Ontario. The company was formerly known as Galaxy Capital Corp. and changed its name to Galaxy Graphite Corp. in June 2012. Galaxy Graphite Corp. was incorporated in 2009 and is based in West Vancouver, Canada.
galaxy graphite corp (GXY) Top Compensated Officers
galaxy graphite corp (GXY) Key Developments
Galaxy Graphite Corp. announced that Mr. Caamano Galaz has been appointed to the Board of Directors. Mr. Caamano Galaz has been an industry participant since June of 1998 when he entered business as a retail and professional trader followed with a position as an investment specialist with the British Columbia Credit Union. Mr. Caamano Galaz will replace outgoing Board member, Nevin Sangha, one of the founders of the company as a CPC in 2009 prior to Galaxy completing its qualifying transaction.
Galaxy Graphite Corp. provide an update on its exploration plans for 2013. Following up on the recently announced sampling results from the Buckingham project the company plans an aggressive 2013 campaign, including drilling. Permitting activities will commence immediately. With similar results on Galaxy's Laurier project, with channel sample grade up to 22%, a drill program is also planned. Permitting activities for this program are underway.
Galaxy Graphite Corp. announced that it has received all assay results from its Fall 2012 mapping and sampling program on the Buckingham graphite project in Quebec. One sample taken from the property analyzed for size distribution contains 11.5% Cg, with 54.42% large flakes in excess of 80 mesh. The work program consisted of mapping and sampling, along with ground geophysics (magnetometer and HLEM). A total of 48 grab samples were assayed with graphitic carbon contents ranging from background to 11.5%. Three large (>1 kg) samples were analyzed for size distribution. The graphite is located in marbles in contact with quartzites and biotite gneiss, and in shear zones within the quartzites. The graphite mineralization closely follows NNW-SSE and E-W controlling structures, which are coincident with EM conductors. The three samples analyzed for size distribution included one from an extension of an old mining operation (the Dominion mine) (sample YS-65D), and two from newly discovered showings (YS-74 and YS-76). The Buckingham Graphite property comprises two former producing mines, located just east of Buckingham, QC. They are located in the highly prospective Central Metasedimentary Belt of the Grenville geological province, host to many active graphite projects. The host rocks for both deposits are graphitic crystalline marbles, similar to the host stratigraphy at Timcal's Lac des Iles graphite mine, currently Canada's only producing graphite mine. The two properties cover a total of 1,324 Ha on 22 mining claims. The Ste-Marie deposit had small scale production in 1865, with a total reported production of 50 tons of graphite. The mineralization is hosted in lenticular masses and mineralized veins, within a crystalline limestone marble. The mineralization results from carbonitization of organic matter in calcareous sedimentary formations during the Grenvillian metamorphic event. The graphite mineralization is typically massive.
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Industry Analysis
GXY
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| Valuation | GXY | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 0.5x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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To contact GALAXY GRAPHITE CORP, please visit www.galaxygraphitecorp.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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