|By Marketwired .||
|May 22, 2014 09:00 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/22/14 -- Valterra Resource Corporation ("Valterra") (TSX VENTURE:VQA)(FRANKFURT:3VA) and Great Lakes Graphite Inc. ("Great Lakes Graphite") (TSX VENTURE:GLK) have entered into a Strategic Alliance ("Alliance") with respect to provision of services relating to development, production and marketing of graphite product from Valterra's Bobcaygeon graphite property ("Bobcaygeon Project") in Ontario.
The Alliance has an initial term of three years during which Great Lakes Graphite will provide consulting services to Valterra, utilizing its specialized personnel, to assist in the development of the Bobcaygeon Project inclusive of assistance in raising development money for the Project. In exchange for these services Valterra is providing Great Lakes Graphite with consulting fees and preferential access to ownership participation in the property.
President Lawrence Page Q.C. said, "The relationship with Great Lakes Graphite provides Valterra with access to experts with unique and specialized knowledge of the graphite sector inclusive of all disciplines from exploration through to production and marketing. As Valterra develops a graphite resource at the Project, it can define extraction, beneficiation and sales procedures within the Alliance on a cost efficient basis."
Great Lakes Graphite CEO Paul Gorman said, "Bobcaygeon has all of the characteristics of an outstanding flake graphite project: grade, size potential and access to infrastructure and markets. When Great Lakes met with Valterra to discuss our mutual interest in the graphite space, we quickly realized there was an opportunity to work together to move Bobcaygeon forward faster. By leveraging the strengths of each company we can create value for both sets of shareholders."
About the Bobcaygeon Project
The Bobcaygeon Graphite Property is favorably situated in Precambrian calcitic marble of the Grenville Province with four past producing flake-graphite mines located to the northeast of the property and within the same geological belt. At least six flake graphite-bearing zones, ranging from +1 metre to +100 metres thick, have been located on surface and numerous other targets are indicated over a +24km strike-length; all of which require further definition before the full potential of the project can be determined.
High-grade graphite horizons (+5% Cg) occur on the property at the Discovery and Salerno zones. Trenching at the Discovery zone has uncovered a high-grade vein which returned graphite values of 36.8% Cg over 1.5m, 20.2% Cg over 1.4m, 14.6% Cg over 0.7m. Sampling and mapping has identified a drill-ready target of over 600 metres that is supported by recent EM and IP/Res geophysics on the property.
Historic drilling in the 1990's at the Salerno zone (for zinc) identified graphite-bearing stratigraphy over a +2km strike length. Mapping in the area has identified two different graphite horizons and sampling has confirmed the high-grade potential of this newly developed occurrence. Current planning would test through drilling a +4km cumulative strike-length of the target area.
Further regional work including mapping, prospecting and trenching is planned to delineate the full extent of the graphitic stratigraphy throughout the property.
About Valterra Resource Corporation: Valterra is a Manex Resource Group Company. The group provides expertise in exploration, administration, and corporate development services for Valterra's mineral properties located in British Columbia and Ontario. Valterra is focused on early stage properties with the potential to host large deposits, in regions with excellent infrastructure. Over the last several years, Valterra has acquired and is exploring several key projects including "Swift Katie" and "Bobcaygeon" which are located near roads, rail, power, and resource communities in Canada.
About Great Lakes Graphite: Great Lakes Graphite Inc. is an industrial minerals company with the mandate to bring graphite projects to production through the acquisition and development of high quality graphite flake properties. Graphite has moved to the forefront of the Industrial Mineral World as a Critical Mineral required for industrial use and as a major component in the development of new technologies. With the advancement of battery storage, mobile battery systems and alternative energy infrastructure, it is estimated that 20 new graphite flake mines will be required to keep up with demand by the year 2020.
As there are currently no graphite mines producing in North America, Great Lakes Graphite has the ability to become one of the first producers to supply a growing regional customer base that requires high quality flake graphite, where pricing and demand continue to rise.
The Company, through strategic acquisitions and capable management intends to become a leader in the industrial minerals marketplace. The Company's graphite properties are located in the Buckingham and Lochaber Townships of southwestern Quebec. The Company has also entered into option and joint venture agreements with Eloro Resources Inc. on the Summit-Gaber property located in the La Grande Greenstone Belt in the James Bay region of Quebec. Further information regarding Great Lakes can be found on the Company's website at: www.GreatLakesGraphite.com.
Great Lakes Graphite trades with symbol GLK on the TSX Venture Exchange and currently has 42,504,819 shares outstanding (62,038,982 fully diluted).
Robert Macdonald, MSc., P.Geo., is the Qualified Person responsible for the preparation and review of Valterra's technical information presented in this release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet condit...
Jul. 5, 2015 02:30 PM EDT Reads: 1,858
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 5, 2015 02:30 PM EDT Reads: 1,378
The basic integration architecture, as defined by ESBs, hasn’t changed for more than a decade. Most cloud integration providers still rely on an ESB architecture and their proprietary connectors. As a result, enterprise integration projects suffer from constraints of availability and reliability of these connectors that are not re-usable across other integration vendors. However, the rapid adoption of APIs and almost ubiquitous availability of APIs amongst most SaaS and Cloud applications are ra...
Jul. 5, 2015 02:30 PM EDT Reads: 1,143
In his session at 16th Cloud Expo, Simone Brunozzi, VP and Chief Technologist of Cloud Services at VMware, reviewed the changes that the cloud computing industry has gone through over the last five years and shared insights into what the next five will bring. He also chronicled the challenges enterprise companies are facing as they move to the public cloud. He delved into the "Hybrid Cloud" space and explained why every CIO should consider ‘hybrid cloud' as part of their future strategy to achie...
Jul. 5, 2015 02:30 PM EDT Reads: 1,432
Jul. 5, 2015 02:15 PM EDT Reads: 1,502
Containers are changing the security landscape for software development and deployment. As with any security solutions, security approaches that work for developers, operations personnel and security professionals is a requirement. In his session at DevOps Summit, Kevin Gilpin, CTO and Co-Founder of Conjur, will discuss various security considerations for container-based infrastructure and related DevOps workflows.
Jul. 5, 2015 02:00 PM EDT Reads: 1,347
Jul. 5, 2015 01:30 PM EDT Reads: 1,477
Jul. 5, 2015 01:00 PM EDT Reads: 1,227
Jul. 5, 2015 01:00 PM EDT Reads: 2,358
Jul. 5, 2015 01:00 PM EDT Reads: 2,288
Jul. 5, 2015 12:45 PM EDT Reads: 2,592
Jul. 5, 2015 12:45 PM EDT Reads: 1,230
Jul. 5, 2015 12:00 PM EDT Reads: 1,530
Jul. 5, 2015 11:45 AM EDT Reads: 2,430
Overgrown applications have given way to modular applications, driven by the need to break larger problems into smaller problems. Similarly large monolithic development processes have been forced to be broken into smaller agile development cycles. Looking at trends in software development, microservices architectures meet the same demands. Additional benefits of microservices architectures are compartmentalization and a limited impact of service failure versus a complete software malfunction. Th...
Jul. 5, 2015 11:30 AM EDT Reads: 1,410