Montreal Mining and Exploration Ltd (Montreal) announced the results of its findings on the Moyale Graphite Project in Ethiopia, which it claimed, in its press release, to have favorable characteristics for development as to other global flake graphite deposits.

According to the press release, the summary report was made based on a previous assessment made by the Ethiopian Institute of Geological Survey (EIGS) in cooperation with the Norwegian Geological Survey (NGU).

The report stipulates the Moyale deposit has the following features; an average grade of 8 percent graphite carbon and graphite distribution of 40 percent Jumbo flake and 28 percent Large flake. In addition to this the deposit is said to be open at depth and along strike.

The report furthered, the deposit’s initial trial bench-scale flotation indicated recoveries of up to 94-95% of rougher concentrates.

Commenting on the matter at hand, President and Chief Executive Officer of Montero said; “I am pleased to announce that the Moyale Graphite Project has been identified as a quality deposit compared with other global flake graphite deposit by Don Hains, a recognized graphite industry expert. The favorable grade, deposit geometry, metallurgy, and flake size analysis which show 40% Jumbo and 28% Large flake graphite mineralization bode well for its exploration potential."

According to the press release, Montero Mining and Exploration Ltd. is a mineral exploration and development company engaged in the identification, acquisition, evaluation and exploration of mineral properties focused on rare earth elements (REE) in Tanzania, phosphates in South Africa and graphite in Ethiopia.

Source: Montero Mining and Exploration Press Release