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Graniz Mondal Inc.-Graphite: Toward a New World Class Deposit

Apr 30 2013 12:00AM

Marketwire

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LEVIS, QUEBEC -- (Marketwired) -- 04/30/13 -- Graniz Mondal Inc. (TSX VENTURE: GRA.H) ("Graniz Graphite") is pleased to announce that six of the last seven last holes returned impressive graphitic intersections at the Brunet Graphite Deposit near Mont-Laurier. Dr Berthe Lambert, Chairman, comments: "The results are beyond our expectations : Hole #144 with over 282 feet at 8.6% graphite confirms the presence of major graphitic horizons beyond the 100 metre depth. The next drilling program should allow us to confirm that we are facing a world class graphitic marble deposit similar to european multinational IMERYS TIMCAL's deposit 28 miles west of our mine. The presence of a main thick zone at the surface is particularly important as it indicates a competitive advantage for low cost open pit mining."

Mr Alain Tremblay, senior geologist, co-author of the Mousseau West Technical Report NI 43 101, comments: "The last holes drilled on the Brunet Graphite deposit were mainly located in the central part of the Main graphitic zone (+40 m thickness). All holes returned impressive graphitic intersections. The deposit is growing fast and is still open to the northwest. Moreover, two other holes, 139 and 144 confirmed the presence of major graphitic horizons under the 100 metre depth where no exploration has been done historically. There is plenty of room for significant resources increase and obviously additional drilling will be needed before we can tell where the limits of this deposit are."

A bird's-eye view map will be posted on Graniz Graphite's website http://www.granizmondal.com/ . While not a geological map as such, it shows the extent of this main graphite concentration. (see map: Mousseau West - Drilling results April 26 /2013).

To view "Mousseau West Map (Brunet Graphite Deposit)" visit the following link: http://media3.marketwire.com/docs/MousseauWest.pdf

The following is a recapitulation of 2013 drilling results:

LENGTHHole # from to (METRES) GRADE % Gp120 38,3 88 49,7 6,37 102,4 130,9 28,5 4,54121 26,9 28,9 2 3,7 43,6 45 1,4 9,84 91,9 96,1 4,2 12,13122 45,9 48,4 2,5 6,36 65,1 70,1 5 11,74 92,5 111,1 18,6 8,3123 6,6 8,6 2 10,75 11,7 13,3 1,6 13,15 38 45 7 2,68 51,1 115 63,9 5,08124 3 14,8 11,8 2,35 26,8 29,6 2,8 5,98 76,8 87,2 10,4 2,04125 6,7 11,6 4,9 10,74 21,8 23,7 1,9 7,83 45,7 52,2 6,5 2,78 109 122,8 13,8 2,66126 32,6 78,7 46,1 4,42 78,7 118 39,3 1,17127 46,90 49,50 2,60 10,31 65,30 88,40 23,10 4,68128 1,20 12,30 11,10 4,24 21,70 41,20 19,50 8,08 52,60 81,00 28,40 7,74129 19,50 23,30 3,80 3,05 28,60 40,00 11,40 5,06 77,60 82,50 4,90 5,83130 1,40 18,60 17,20 1,33 22,00 30,80 8,80 1,91 57,40 67,30 9,90 1,71 75,00 80,90 5,90 3,8131 13,60 19,70 6,10 9,05 27,1 35,4 8,30 5,95 49,8 63,2 13,40 2,51132 24 31 7,00 4,22133 6 34,5 28,50 7,41134 12,1 12,9 0,80 5,92 23,6 26,4 2,80 3,09 33,4 60 26,60 1,00 91,1 91,9 0,80 2,88 98,5 99,5 1,00 3,23135 50,8 52,6 1,80 14,50 79,7 85,7 6,00 12,82 103,8 122,2 18,40 5,94136 17,9 21,8 3,90 11,90 34,6 38,6 4,00 14,30 54,8 96,1 41,30 6,17137 27 92,6 65,60 7,85138 35,4 38,5 3,10 7,19 49,5 51,1 1,60 14,20 126,2 154,9 28,70 7,40 172,8 183 10,20 2,23139 26,9 28,5 1,60 7,71 60,6 122,1 61,50 6,26140 2,7 7,9 5,20 6,68 14,8 82,8 68,00 5,55141 28,5 70,9 42,40 5,08142 16,5 59,3 42,80 9,05143 53,8 71 17,20 4144 35,7 37,8 2,10 13,25 53,1 139 85,90 8,6145 1,6 4 2,40 4,97 36,6 40,7 4,10 11,87146 1,2 13,6 12,40 7,63 66,3 97,1 30,80 6,27



Sampling including the additional standardized reference material and blanks was carried out at Ste-Veronique's coreshack and samples were shipped to ALS Minerals lab in Val d'Or for graphitic carbon assaying. Drilling, logging and sampling were carried out under the supervision of Mr. Yvan Bussieres P. Geo.Eng. and Mr Alain Tremblay P. Geo. Eng., NI 43-101 Qualified Persons. Mr Bussieres is also responsible for the sampling protocol. The Company anticipates receipt of a new NI 43 101 in June 2013.

The foregoing information may contain forward-looking statements relating to the future performance of Graniz Mondal Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the plans and expectations of Graniz. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by Graniz with the TSX Venture Exchange/NEX and securities regulators. Graniz does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.



Contacts:
Berthe Lambert
Chairman & CEO
418-564-8834
http://granizmondal.com/





Source: Marketwire


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