mason graphite inc (LLG) Snapshot

Mason Graphite Inc. announced the following executive management appointments: Luc Veilleux as Executive Vice President and Corporate Secretary. Mr. Veilleux will continue to serve as Chief Financial Officer. Jean L'Heureux as Executive Vice President of Process Development. In conjunction with these appointments, Mason Graphite announced the resignation of Valery Zamuner, who previously served as the Chief Legal Officer and Corporate Secretary of the company.

Mason Graphite Inc. Presents at 2013 Metals & Mining Conference, Jun-05-2013 10:45 AM. Venue: NYSSA Conference Center, 1540 Broadway, Suite 1010 (45th Street Entrance), New York, New York, United States. Speakers: Benoit Gascon, Chief Executive Officer.

Mason Graphite Inc. reported assay results for the remaining 104 drill holes from the 2012 mineral resource expansion program at its Lac Guéret project in northeastern Quebec. This drill program was designed to test for mineralization extending outside of the July 2012 resource envelope within its hosted GC Zone, as well as in the GR Zone, a prospective secondary target located less than one kilometre away from it. Mineralization with similar grades was successfully identified in both zones. The new results for 86 drill holes from the GC Zone and 18 drill holes from the GR Zone conclude the 26,500 metre drill program conducted in the second half of 2012. Significant drill intercepts obtained from the GC and GR zones in this group of results include: GC Zone: Hole LG-221 intersected 55 meters at 26.1 % Cgr; Hole LG-234 intersected 128 meters at 21.1 % Cgr, including 27 meters at 37.3 %; and Hole LG-235 intersected 197 meters at 17.1 % Cgr, including 39 meters at 33.9 %. GR Zone: Hole LG-248 intersected 31 meters at 20.2 % Cgr; and Hole LG-257 intersected 32 meters at 15.9 % Cgr. High grade drill intercepts from holes LG-221 (55 meters at 26.1 % Cgr) and LG-222 (36 meters at 27.5 % Cgr) located in the GC zone suggest a possible extension to the northeast of the July 2012 mineral resource envelope. The company intends to follow up on these holes of interest in the next phase of drilling. An updated mineral resource estimate using the Company's July 2012 resource calculation and the 145 new drill results from the GC zone is expected for completion in the coming months by Roche Ltd. Consulting Group, who also completed the Company's previous resource calculation. Advancements on the Preliminary Economic Assessment, conducted by Met-Chem and based on the July 2012 mineral resource calculation, are progressing well and the Company expects to release its results in the first part of the second quarter of 2013. The Lac Guéret project currently hosts a mineral resource of 300,000 tonnes at 24.4% Carbon as Graphite in the measured category and 7.3 million tonnes at 20.2% Cgr in the Indicated category.