Mr. Economo added: "Our summer 2013 exploration program at Kwyjibo will include additional drilling to further map the limits of the Fe-REE-Cu mineralization at the Josette Horizon as well as to test new ground geophysical anomalies in the western part of the property".
(iii) The ratio of critical rare earth elements ("REOc") is defined by The U.S. Department of Energy ("DOE") as the sum of Nd+Eu+Tb+Dy+Y oxides divided by total rare earth oxides (TREO) : REOc = ((Nd2O3+Eu2O3+Tb2O3+Dy2O3+Y2O3)/TREO)x100. The REOc ratio is the expression of the importance of those REEs sought by the industry without considering the technological challenge to recover the REE and all the costs related to a mine development.
Additional details of the 2012 drilling program including complete assays results for TREO, REOc, ratio (in %) of heavy rare earth oxides (HREO), Fe2O3, P2O5, and Cu, a map showing drill collar locations and a long section of the Josette horizon are available on the company's website at www.focusgraphite.com.
Fall 2012 Drilling Program
Thirty-one (31) holes (4,207 m) were drilled at Kwyjibo in 2012 with the aim of validating grades, thicknesses and continuity of the REE-Fe-Cu mineralization in the northeastern portion of the 1 km long Josette Horizon and to a depth of about 175 m. A first series of eight (8) holes (12-61 to 12-70) were centered on trenches TR-95-29 and TR-95-30 and were drilled at 25 m spacing. A further 23 holes were drilled on both sides (northeast (12-71 to 12-83) and southwest (12-85 to 12-91)) of the first series. Most holes were drilled nearly perpendicular to the dip of the Josette horizon (dip of -45 degrees to -50 degrees to the southeast) except for eight (8) holes that were drilled with a dip ranging from -65 degrees and -75 degrees.
The 2012 drilling results confirmed one of the main findings of the Josette Horizon exploration program in 2011 that is that the REE mineralization is found not only in the magnetite-rich hydrothermal iron formation (referred as a "magnetitite") but also in the stockwork of magnetite veins associated with a calcic alteration (composed of calcsilicate minerals veins with andradite, clinopyroxene, hornblende, scapolite, plagioclase and others Ca-bearing minerals) in the host rock composed mainly of foliated to gneissic leucocratic granite.
The REE and copper mineralization in the Josette Horizon occurs into three discrete zones:
-- The upper magnetite veins breccia zone, with a thickness varying from less one (1) m to a maximum of 10 m, which is associated with calcsilicate minerals veins and has intruded the leucocratic granite gneiss host rock. REE grades are usually low;-- The magnetitite zone or hydrothermal iron formation, the main mineralized zone with the highest grades in REE and copper. Its thickness varies from a few meters to more than 25 m and it is composed of massive fine-grained magnetitite cut by coarser REE-bearing magnetite veins and REE-bearing calcsilicate veins;-- Finally the lower magnetite-veins breccia zone, with a thickness that varies from a meter to more than 30 m, which is composed of magnetite- rich veins and calcsilicate-bearing minerals veins, mineralized in REE, and is emplaced in the leucocratic granite gneiss.
The 2012 drilling program also defined a zone of higher TREO and Cu grades ranging from 1.33 % to 3.70 % TREO and 0.15 % to 0.36 % Cu lying between drill holes 10885-11-58 and 10885-12-70. This enrichment zone is 250 m long with a thickness of 20 to 40 m, dips at approx. 50 degrees to the southeast and extends to a vertical depth of 200 m.