MLS has Zinc, Graphite, Cobalt , Lit and the current focus is Zinc & Graphite
The Lac Rainy Graphite Project covers an area of 4,450 hectares representing 86 mineral claims and is contiguous with Focus Graphite’s Property to the southwest, which hosts the Lac Knife Graphite Deposit.
The global focus on renewable energy and the associated adoption of lithium-ion batteries as an energy storage medium has meant that the immediate inputs required for the manufacture of the lithium-ion battery are gaining significant attention with both investors and mining exploration companies.
MLS is positioning itself to be at the forefront of this transformational technological revolution.
The Lac Rainy Graphite Project is located in one of the premier graphite geological regions of Quebec. It sits approximately 22km south-west of the historic mining town of Fermont and 260 km north-northeast of the city of Sept-Iles. The Lac Rainy Est Graphite Project is approximately 15km east of Route 389, a paved highway which travels north to Fermont.
The Project is located adjacent to the Lac Knife Property, that hosts the Lac Knife Graphite Deposit owned by Focus Graphite (which is located less than 4 km south-west of the Project) and hosts a Measured and Indicated Resource of 9.6 Mt @ 14.77% Cg and an Inferred Resource of 3.1 Mt @ 13.25% Cg.
The Lac en Coissant graphite project is located approximately 20km to the north of the Lac Riany project which has historic samples of up to 30% Cg. This project is hosted in a similar geological environment, within the Nault Formation of the lower Proterozoic Gagnon Group. The high grade Lac Carheil Prospect is located less than 200 m from the licence boundaries of the Lac Rainy project area. High grade samples at Lac Carheil include 35.49% Cg and 40.67% Cg.
The close proximity of numerous high grade graphitic carbon results at nearby occurrences highlights the strong potential for further graphite mineralisation to be identified at the Lac Rainy Graphite Project.
