Mousseau East

The Mousseau East Deposit was discovered in 1983 following the emplacement of a new road in the area north of Ste-Véronique, Québec. Systematic exploration was carried out by Graphicor between 1989 and 1993 with property-scale electromagnetic geophysical surveys along cut grids, and exploration and definition drilling leading to resource estimates. The Max-Min II survey (EM), which was conducted on lines spaced 100 metres apart, identified a main conductor trending NW-SE and continuous for a strike length of 1.2 kilometres displaying maximum widths of up to 50 metres. It is flanked on its western side by a slightly narrower conductor. Drilling completed between 1989 and 1992 consisted of three successive campaigns and some 62 diamond drill holes, totaling 4996 metres, allowing for a resource calculation to be conducted. The possibility of initiating a mining operation was evaluated using only a 40-metre-deep open-pit on the main resource of the Mousseau East Deposit.

This preliminary evaluation of the mining potential was based on resource estimates calculated internally in 1992 by Graphicor Resources for the levels comprised between surface and -40 metres. This estimate was further verified and validated independently by Derry, Michener, Booth and Wahl (DMB&W), now based in Vancouver. The historical non-NI 43-101 compliant estimates quoted are presented in the table below.

It must be emphasized that this resource only takes into consideration the levels comprised between surface and -40 metres. The graphite horizon is known to continue below the -40m level as well as along strike. Some further untested targets need to be explored, especially a widening of the conductive zone located some 600 metres to the SE of the main Mousseau East Deposit.

Standard is currently assessing drill locations, cross sections, EM data, and proposed mine plan from previous operators for an upcoming drill program in 2012.

Highlights:
Option to earn 100% interest.
Property is north of Ste-Veronique, close to Mont-Laurier in the Grenville geologic province.
50 km’s from Timcal’s operating graphite mine, Lac-des-Īles.
Excellent Infrastructure – 12 km’s from Hwy 117.
Drilling completed between 1989 and 1992 with some 62 diamond drill holes, totaling 4,996 metres.
The stripping ratio of an open pit operation estimated at 1.7:1.
Open pit cross sections show that extensions are present under the planned pit