Welcome to Graniz Mondal!
Vision of Graniz Mondal
Graniz Mondal’s Mousseau West graphite deposit will become a North American Leader in large flake graphite arena.
The Evolution of Graniz Mondal at a Glance
In 2003, Graniz Mondal acquires from SOQUEM, two properties. The Opawica Gold Property two km from Shortt
Lake Gold Mine and the Troilus-South Property (copper and zinc) near the Troilus Mine (Gold and copper).
Following varied exploration expenses, Graniz acquired 100% of Opawica and 50% of Troilus-South.
After the drop in gold prices and the drop in base metal prices, the management of Graniz kept the properties
in good standing and decided to wait for the eventual rise of the prices of the commodities.
New highs in gold prices could bring the revival of the two properties.
In 2005, begins a long period of research for potential projects.
It’s only in may 2012 that Graniz uncovers a project answering the ambitions of Graniz’s main shareholders.
A New target : Graphite
The recent increase in graphite prices and a business opportunity in 2012 gave Graniz the option to acquire the
Brunet Large Flake Graphite Deposit in the region of Mont-Laurier. Late in 2012, a 600,000$ Private
Placement was done for the revival of Graniz and for a diamond drilling program aimed at qualifying and
expanding the historical resource of this large flake graphite mine situated 45 km east of the TIMCAL
IMERYS Graphite Mill.
The successful 2013 drilling program changed the destiny of Graniz Mondal : discovery of a 4 million tonne deposit at 6.2 % Graphite.
The authors of the September 24 2013 NI 43-101 Technical Report (Alain Tremblay and Yvan Bussières Qualified Persons) consider that the current inferred resources of Mousseau West deposit are 4.1 million tonnes with a grade of 6.2 % Gp.
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Graniz Mondal - October 17, 2013
Graniz’s Graphite Deposit: 4.1 Million Tonnes at 6.2 % Graphite
LÉVIS, QUÉBEC--(Marketwired – October 17, 2013) - Graniz Mondal Inc. (TSX VENTURE:GRA.H) is pleased to announce that the authors (Alain Tremblay and Yvan Bussières, Qualified Persons) of the September 24 2013 Technical Report (NI 43 101 compliant) consider that the current inferred resources of Mousseau West deposit are 4.1 million tonnes with a grade of 6.2 % Gp including 2.7 million tonnes (A Blocks) that are considered to have reached a high level of definition and do not need additional drilling. The B Blocks could come at the same level of confidence than the A Blocks with a small drilling program. With positive results from B Blocks, the resources would immediately qualified as indicated resources. The following total is noteworthy : 3,696,500 tonnes at 6.28 % Gp (A Blocks +B Blocks).
2013 Technical Report (NI 43-101 compliant) and Resources Estimate on Mousseau West Graphite Property