Flinders Resources Ltd and Big North Graphite Corp, both of Vancouver, BC, have agreed to extend the due diligence period to January 30, 2015. The companies say that a further extension is necessary as Flinders is waiting on various diligence reports on Big North and its assets. Blair Way, Flinders president, said, We are committed to completing the acquisition of Big North Graphite Corp and we are working diligently to complete due diligence in order to begin moving the El Tejon mine back into production as quickly as possible. The goal of both companies is to complete this process as quickly as possible. Saint Jean Carbon Inc of Oakville, ON has entered into a non-binding agreement with a arms length party to acquire nine mineral claims in Quebec called the Miller East property. Paul Ogilvie, Saint Jeans CEO, said, We believe the Miller East property is the continuation of the Miller property held by Canada Carbon and it falls within the same geological and regional areas as our Walker, Wallingford, St Jovite and Clot lump graphite properties. Canada Strategic Metals Inc of Montreal, QC and Lomiko Metals Inc of Vancouver, BC have published the results for the first five holes drilled on its La Loutre graphite project in Quebec, 117 km northwest of Montreal. The company is very pleased with the results that it says confirm the quality and potential of the project.
Volume 28 issue 23